Global Hydroxypropionic Acid Market Estimations to show an Upward Growth Trend till 2028

Posted On June 01, 2022     

According to Value Market Research's published market analysis, the Hydroxypropionic Acid market is foreseen to register steady growth between 2022 and 2028.Hydroxypropionic acid, also known as 3-hydroxy propionic acid, is a carboxylic acid. It's a key component in the gut's digestion of branched-chain propionic acid and amino acids. It's a high-value chemical that's made from renewable resources. Acrylic acid, often known as acrylamide, and 1, 3-propanediol is two compounds made from hydroxy propionic acid. Acrylic esters are produced with hydroxy propionic acid as a feedstock. Paints and coatings, adhesives, textiles, water-based emulsions, and other products contain acrylic acid made from hydroxy propionic acid.

During the projected period, demand for hydroxy propionic acid is expected to rise due to increased demand for acrylates in various industries such as textiles, paints and coatings, and adhesives. Construction activity increases the need for acrylates, which is driving up the usage of hydroxy propionic acid. In the foreseeable future, demand for environmentally friendly adhesives is likely to increase. The worldwide hydroxypropionic acid market is expected to be driven by this. The need for bio-based polymers has been rising due to their environmental benefits. This is boosting the demand for hydroxy propionic acid even more. One of the primary issues impeding the worldwide hydroxy propionic acid market is the availability of low-cost synthetic replacements. Because synthetic polymers are less expensive, acrylate producers prefer them. The market is hampered by price volatility in raw materials due to a lack of appropriate resources.

The report "Global Hydroxypropionic Acid Market Report By Product (Powder, Liquid), By Application (Paints And Coatings, Polymer, Adhesives And Sealants, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028" is a comprehensive set of data with market overview, executive summary and detailed revenue analysis bifurcated by segments and regions. The study covers the historical trends along with the geo-economical conditions of the industry related to the Hydroxypropionic Acid market, thus leading to a robust and reliable report  

The following segments in the market are covered in the report:

By Product

  • Powder

  • Liquid

By Application

  • Paints And Coatings

  • Polymer

  • Adhesives And Sealants

  • Others

The report is divided into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Players Profiled In the Report:
TCI N. V, Cayman Chemical Company, Spectrum Chemical Manufacturing Corp, Toronto Research Chemicals Inc., and Alfa Aesar (Thermo Fisher Scientific) amongst Others.

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