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According to the latest research, the global 3-Hydroxypropionic Acid market size was valued at USD 107.96 million in 2022 and is expected to expand at a CAGR of 6.42% during the forecast period, reaching USD 156.81 million by 2028.
3-hydroxypropionic acid is a 3-hydroxy monocarboxylic acid that is propionic acid in which one of the hydrogens attached to the terminal carbon is replaced by a hydroxy group. It has a role as an Escherichia coli metabolite and a human metabolite. It is a 3-hydroxy monocarboxylic acid and an omega-hydroxy fatty acid. It derives from a propionic acid. It is a conjugate acid of a 3-hydroxypropionate.
3-Hydroxypropionic acid is a carboxylic acid, specifically a beta hydroxy acid. It is an acidic viscous liquid with a pKa of 4.5. It is very soluble in water, soluble in ethanol and diethyl ether. Upon distillation, it dehydrates to form acrylic acid, and is occasionally called hydracrylic acid. 3-Hydroxypropionic acid is used in the industrial production of various chemicals such as acrylates. It can be produced by engineered microbes.
The market demand for 3-hydroxypropionic acid is expected to grow.
The increase in market demand for the final application of 3-hydroxypropionic acid has led to market growth. Acrylate, a downstream product of 3-hydroxypropionic acid, is mainly used to make adhesives, paints and various water-based emulsions. As applications in building and construction continue to increase, the demand for adhesives is expected to increase. In addition, due to the increasing demand for environmentally friendly adhesives, the demand is expected to grow further. Increased construction activities in parts of Eastern Europe and the Asia-Pacific region will significantly increase the demand for acrylates, which will trigger the demand for 3-hydroxypropionic acid during the forecast period. In addition, bio-based polymers are in great demand because they are completely environmentally friendly. This will further become an additional factor for the growth of the 3-hydroxypropionic acid market during the forecast period. It is predicted that the market demand for 3-hydroxypropionic acid will increase.
The demand for downstream end applications grows.
Increasing demand for acrylates in various industries, including textiles, paints and coatings, and adhesives, is expected to drive demand for 3-hydroxypropionic acid. The growth of construction activity in Asia-Pacific and Europe has significantly increased the demand for acrylates, thereby driving the consumption of 3-hydroxypropionic acid. Due to its environmentally friendly nature, the demand for bio-based polymers has been increasing. This has further promoted the development of the 3-hydroxypropionic acid market.
The final subdivision application of 3-Hydroxypropionic Acid is increased, and the performance is excellent.
Due to the significant increase in the adoption rate of 3-Hydroxypropionic Acid's final application products (such as coatings) in the aerospace and automotive industries, the paint and coatings industry is expected to see significant growth. In addition, 3-HP acid is often used as a raw material for acrylates, accounting for 60-70% of products produced from acrylic acid. Acrylic has the ability to provide required qualities, such as good weather resistance, color stability, heat resistance and aging resistance, and low temperature flexibility. These key factors will drive the growth of the global 3-hydroxypropionic acid market.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
Cargill Inc Novozymes is one of the major players operating in the 3-Hydroxypropionic Acid market, holding a share of 96.93% in 2023.
Cargill Inc Novozymes
Novozymes and Cargill have been collaborating on this project since 2008, and will continue to work on the commercialization of bio-based 3-HP and its derivatives. BASF joined the cooperation with Novozymes and Cargill in 2012 and withdrew in 2015.
TCI
Tokyo Chemical Industry Co., Ltd. (TCI) is a leading worldwide manufacturer of specialty organic chemicals founded in 1946. TCI provides organic laboratory chemicals as well as pharmaceutical, cosmetic and functional materials.
Segmentation Overview:
As for product types, the Liquid segment held the largest market share in 2022.
Application Overview:
By application, the Acrylic acid production segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the 3-Hydroxypropionic Acid industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of 3-Hydroxypropionic Acid. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global 3-Hydroxypropionic Acid Market Report Include:
Market Size Estimates: 3-Hydroxypropionic Acid market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: 3-Hydroxypropionic Acid market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the 3-Hydroxypropionic Acid market
Segment Market Analysis: 3-Hydroxypropionic Acid market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: 3-Hydroxypropionic Acid market situations and prospects in major and top regions and countries
3-Hydroxypropionic Acid Market
3-Hydroxypropionic Acid Industry Chain: 3-Hydroxypropionic Acid market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
3-Hydroxypropionic Acid Industry News, Policies by regions
3-Hydroxypropionic Acid Industry Porters Five Forces Analysis
Key players in the global 3-Hydroxypropionic Acid market are covered in Chapter 2:
Fluoropharm
Alfa Chemistry
TCI
Sigma-Aldrich
Hairui
Cargill Inc Novozymes
Others
In Chapter 6 and Chapter 9, on the basis of types, the 3-Hydroxypropionic Acid market from 2018 to 2028 is primarily split into:
Powder
Liquid
In Chapter 7 and Chapter 10, on the basis of applications, the 3-Hydroxypropionic Acid market from 2018 to 2028 covers:
Acrylic acid production
Biodegradable polymer production
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global 3-Hydroxypropionic Acid market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the 3-Hydroxypropionic Acid industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of 3-Hydroxypropionic Acid market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the 3-Hydroxypropionic Acid industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on 3-Hydroxypropionic Acid market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the 3-Hydroxypropionic Acid market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed 3-Hydroxypropionic Acid market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
3-hydroxypropionic acid is a 3-hydroxy monocarboxylic acid that is propionic acid in which one of the hydrogens attached to the terminal carbon is replaced by a hydroxy group. It has a role as an Escherichia coli metabolite and a human metabolite. It is a 3-hydroxy monocarboxylic acid and an omega-hydroxy fatty acid. It derives from a propionic acid. It is a conjugate acid of a 3-hydroxypropionate.
3-Hydroxypropionic acid is a carboxylic acid, specifically a beta hydroxy acid. It is an acidic viscous liquid with a pKa of 4.5. It is very soluble in water, soluble in ethanol and diethyl ether. Upon distillation, it dehydrates to form acrylic acid, and is occasionally called hydracrylic acid. 3-Hydroxypropionic acid is used in the industrial production of various chemicals such as acrylates. It can be produced by engineered microbes.
The market demand for 3-hydroxypropionic acid is expected to grow.
The increase in market demand for the final application of 3-hydroxypropionic acid has led to market growth. Acrylate, a downstream product of 3-hydroxypropionic acid, is mainly used to make adhesives, paints and various water-based emulsions. As applications in building and construction continue to increase, the demand for adhesives is expected to increase. In addition, due to the increasing demand for environmentally friendly adhesives, the demand is expected to grow further. Increased construction activities in parts of Eastern Europe and the Asia-Pacific region will significantly increase the demand for acrylates, which will trigger the demand for 3-hydroxypropionic acid during the forecast period. In addition, bio-based polymers are in great demand because they are completely environmentally friendly. This will further become an additional factor for the growth of the 3-hydroxypropionic acid market during the forecast period. It is predicted that the market demand for 3-hydroxypropionic acid will increase.
The demand for downstream end applications grows.
Increasing demand for acrylates in various industries, including textiles, paints and coatings, and adhesives, is expected to drive demand for 3-hydroxypropionic acid. The growth of construction activity in Asia-Pacific and Europe has significantly increased the demand for acrylates, thereby driving the consumption of 3-hydroxypropionic acid. Due to its environmentally friendly nature, the demand for bio-based polymers has been increasing. This has further promoted the development of the 3-hydroxypropionic acid market.
The final subdivision application of 3-Hydroxypropionic Acid is increased, and the performance is excellent.
Due to the significant increase in the adoption rate of 3-Hydroxypropionic Acid's final application products (such as coatings) in the aerospace and automotive industries, the paint and coatings industry is expected to see significant growth. In addition, 3-HP acid is often used as a raw material for acrylates, accounting for 60-70% of products produced from acrylic acid. Acrylic has the ability to provide required qualities, such as good weather resistance, color stability, heat resistance and aging resistance, and low temperature flexibility. These key factors will drive the growth of the global 3-hydroxypropionic acid market.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
Cargill Inc Novozymes is one of the major players operating in the 3-Hydroxypropionic Acid market, holding a share of 96.93% in 2023.
Cargill Inc Novozymes
Novozymes and Cargill have been collaborating on this project since 2008, and will continue to work on the commercialization of bio-based 3-HP and its derivatives. BASF joined the cooperation with Novozymes and Cargill in 2012 and withdrew in 2015.
TCI
Tokyo Chemical Industry Co., Ltd. (TCI) is a leading worldwide manufacturer of specialty organic chemicals founded in 1946. TCI provides organic laboratory chemicals as well as pharmaceutical, cosmetic and functional materials.
Segmentation Overview:
As for product types, the Liquid segment held the largest market share in 2022.
Application Overview:
By application, the Acrylic acid production segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the 3-Hydroxypropionic Acid industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of 3-Hydroxypropionic Acid. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global 3-Hydroxypropionic Acid Market Report Include:
Market Size Estimates: 3-Hydroxypropionic Acid market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: 3-Hydroxypropionic Acid market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the 3-Hydroxypropionic Acid market
Segment Market Analysis: 3-Hydroxypropionic Acid market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: 3-Hydroxypropionic Acid market situations and prospects in major and top regions and countries
3-Hydroxypropionic Acid Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.3-Hydroxypropionic Acid Industry Chain: 3-Hydroxypropionic Acid market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
3-Hydroxypropionic Acid Industry News, Policies by regions
3-Hydroxypropionic Acid Industry Porters Five Forces Analysis
Key players in the global 3-Hydroxypropionic Acid market are covered in Chapter 2:
Fluoropharm
Alfa Chemistry
TCI
Sigma-Aldrich
Hairui
Cargill Inc Novozymes
Others
In Chapter 6 and Chapter 9, on the basis of types, the 3-Hydroxypropionic Acid market from 2018 to 2028 is primarily split into:
Powder
Liquid
In Chapter 7 and Chapter 10, on the basis of applications, the 3-Hydroxypropionic Acid market from 2018 to 2028 covers:
Acrylic acid production
Biodegradable polymer production
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global 3-Hydroxypropionic Acid market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the 3-Hydroxypropionic Acid industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of 3-Hydroxypropionic Acid market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the 3-Hydroxypropionic Acid industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on 3-Hydroxypropionic Acid market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the 3-Hydroxypropionic Acid market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed 3-Hydroxypropionic Acid market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
