Hydroxypropionic Acid Market Analysis, Recent Trends and Regional Growth Forecast by Types, Applications and Economic Impact on Revenue up to 2030
Hydroxypropionic Acid Market Analysis, Recent Trends and Regional Growth Forecast by Types, Applications and Economic Impact on Revenue up to 2030
Hydroxypropionic Acid Market
  • Hydroxypropionic acid or 3-hydroxypropionic acid is a carboxylic acid. It is used as an intermediate in the breakdown of branched-chain propionic acid and amino acids from the gut. It is a leading value-added chemical manufactured from renewable resources.
  • Hydroxypropionic acid is used in the production of various chemicals including acrylic acid, or acrylamide and 1,3-propanediol. Acrylic acid produced from hydroxypropionic acid is used in paints & coatings, adhesives, fabrics, water-based emulsions, etc.
  • Decrease in petroleum reserves and increase in environmental pollution are driving the demand for bio-based chemical products. This is boosting the global hydroxypropionic acid market.

Request a sample to get extensive insights into the Hydroxypropionic Acid Market

Rise in Demand for Refractories to Drive Hydroxypropionic Acid Market

  • Growth in demand for acrylates in various industries including fabrics, paints & coatings, and adhesives is estimated to propel the demand for hydroxypropionic acid during the forecast period
  • Demand for eco-friendly adhesives is expected to rise in the near future. This is anticipated to drive the global hydroxypropionic acid market.
  • Growth in construction activities in Asia Pacific and Europe is significantly augmenting the demand for acrylates, thus driving the consumption of hydroxypropionic acid
  • Demand for bio-based polymers has been increasing due to its eco-friendly nature. This is further boosting the hydroxypropionic acid market.
  • Availability of low cost synthetic substitutes is one of the major factors hampering the global hydroxypropionic acid market. Acrylate manufacturers choose synthetic polymers due to their lower prices. Volatility in prices of raw materials due to lack of availability of proper resources hampers the market.
  • The global hydroxypropionic acid market is facing supply-demand shortages due to the industrial shutdown triggered by the COVID 19 pandemic. Disruption in supply of raw materials is projected to hamper full-scale operations. Supply shortage also raises the prices of raw materials. Affected downstream supply chain might take longer for deliveries. The industrial shutdown has also adversely impacted product and inventory transportation, as logistic services have been hampered.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Powder Form Segment to Offer Lucrative Opportunities

  • Based on form, the global hydroxypropionic acid market can be segmented into powder and liquid
  • The powder segment is anticipated to dominate the market due to growth in consumption of powder in the manufacture of acrylates used in various adhesives (including wood adhesives and bio-adhesives)

Read Full Report -

About Us:

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact Us:

Mr. Rohit Bhisey

Transparency Market Research

State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

USA - Canada Toll Free: 866-552-3453