3-hydroxypropionic Acid Researc:CAGR of 32.8% during the forecast period

The 3-hydroxypropionic Acid industry can be broken down into several segments, Chemical Synthesis, Microbial Fermentation, etc. Across the world, the major players cover Cargill, Novozymes, etc. 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. 3-Hydroxypropionic acid is used in the industrial production of various chemicals such as acrylates. It can be produced by engineered microbes. 3-hydroxypropionic Acid is a key intermediate in the manufacturing process of bio-acrylic acid.

Currently, this product cannot be commercialized globally. Cargill in the US and Chinese Academy of Sciences in China are working on commercialization and are currently conducting small batch testing.

The market scale of this report is based on the cost scale of product testing.

According to the new market research report “Global 3-hydroxypropionic Acid Market Report 2023-2029”, published by QYResearch, the global 3-hydroxypropionic Acid market size is projected to reach USD 0.3 billion by 2029, at a CAGR of 32.8% during the forecast period.

• Global 3-hydroxypropionic Acid MarketSize(US$ Million), 2018-2029

Above data is based on report from QYResearch: Global 3-hydroxypropionic Acid Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch..

• Global 3-hydroxypropionic Acid Top2Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

Above data is based on report from QYResearch: Global 3-hydroxypropionic Acid Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

The global key manufacturers of 3-hydroxypropionic Acid include Cargill, Chinese Academy of Sciences（Qingdao）, etc. In 2022, the global top three players had a share approximately 100.0% in terms of revenue.

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