UK 3-hydroxypropionic Acid Market Size & Outlook
UK 3-hydroxypropionic acid market, 2018-2030 (US$M)
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UK 3-hydroxypropionic acid market highlights
- The UK 3-hydroxypropionic acid market generated a revenue of USD 32.8 million in 2023 and is expected to reach USD 64.1 million by 2030.
- The UK market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, petroleum was the largest revenue generating source in 2023.
- Bio-based is the most lucrative source segment registering the fastest growth during the forecast period.
3-hydroxypropionic acid market data book summary
| Market revenue in 2023 | USD 32.8 million |
| Market revenue in 2030 | USD 64.1 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Petroleum |
| Fastest growing segment | Bio-based |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Petroleum, Bio-based |
| Key market players worldwide | Cargills Ceylon, Lion Corp, Triveni Interchem, Basf SE ADR, Novozymes |
Other key industry trends
- In terms of revenue, UK accounted for 4.6% of the global 3-hydroxypropionic acid market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK 3-hydroxypropionic acid market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 64.1 million by 2030.
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3-Hydroxypropionic Acid Market Scope
3-Hydroxypropionic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 3-hydroxypropionic acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 3-hydroxypropionic acid market will help companies and investors design strategic landscapes.
Petroleum was the largest segment with a revenue share of 83.84% in 2023. Horizon Databook has segmented the UK 3-hydroxypropionic acid market based on petroleum, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The UK market is expected to grow over the forecast period, which is attributed to the rise in the automotive and construction industries in the region, leading to rising demand for 3-hydroxypropionic acid, which is used in the manufacturing of lactic and acrylic acids, which are main components in paints and coatings.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK 3-hydroxypropionic acid market , including forecasts for subscribers. This country databook contains high-level insights into UK 3-hydroxypropionic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK 3-hydroxypropionic acid market size, by source, 2018-2030 (US$M)
UK 3-Hydroxypropionic Acid Market Outlook Share, 2023 & 2030 (US$M)
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