#3-propanediol market size

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3-Hydroxypropionic Acid Market Evolution: Industry Trends, Applications, and Growth Strategies

The global 3-hydroxypropionic acid market size is anticipated to reach USD 1.34 billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly attributed to increasing application of 3- HPA in the production of acrylic acid which is further used in the manufacturing process of a wide range of products such as plastics, fibers, paints, and super-absorbent diapers. It is also used in the production of coatings, widely used in the global automotive industry.

3-Hydroxypropionic Acid Market Report Highlights

Petrochemical based products dominated the market with a revenue share of 82.3% in 2023 owing to reduce the cost of production of 3-HPA using petrochemical source and its easy availability in the market.

Liquid from of the product dominated the market with a revenue share of 65.5% in 2023. The liquid form of 3-HPA is a colorless, odorless, and transparent organic acid. It is soluble in water, ethanol, and ether. It is also used in the food & beverage industry as an acidulant and flavor enhancer.

Acrylic acid production application dominated the market with a revenue share of 82.5% in 2023. 3-Hydroxypropionic acid (3HPA) is a key intermediate in the production of acrylic acid. The synthesis of acrylic acid is achieved through the process known as microbial fermentation

Asia Pacific dominated the market segment with a revenue share of 39.7% in 2023 owing to the rising construction activities and increasing demand from the automotive sector in emerging countries, such as India, South Korea, Japan, Indonesia, and the Philippines, which are expected to drive the market over the forecast period.

For More Details or Sample Copy please visit link @: 3-Hydroxypropionic Acid Market Report

The Environmental, Social, and Governance (ESG) aspects of 3-hydroxypropionic acid (3-HP) focus on its potential as a green and sustainable platform chemical. This compound plays a crucial role as part of carbon-neutralization and green chemistry initiatives, in accordance with ESG values, by offering eco-friendly production using microbial pathways.

Furthermore, the biological production of 3-HP from various sources, such as sugars and glycerol, highlights its versatility and eco-friendly nature, further enhancing its ESG profile. 3-hydroxypropionic acid is a valuable platform chemical that aligns with ESG attributes and good practices in the chemical industry, promoting environmental sustainability and social responsibility.

The production of 3-hydroxypropionic acid is influenced by several factors including the production method, market demand, and supply chain. The chemical synthesis method, which is complex and expensive, contributes to the high cost of 3-hydroxypropionic acid. Bio-based production methods utilizing renewable resources like glycerol or 1,3- propanediol are more cost effective and sustainable.

The production of 3-Hydroxypropionic acid is a complex and expensive process that requires significant energy and resources. The cost of raw materials, such as glycerol, is also increasing globally. Moreover, the cost of producing 3-Hydroxypropionic acid using Coenzyme B12 via the glycerol pathway in E. coli is high because Coenzyme B12 is expensive. In order to produce 3-Hydroxypropionic acid through the glycerol pathway in E. coli, manufacturers must introduce a foreign glycerol dehydratase (GDHt) and add Coenzyme B12 externally. This increases the production cost, which affects the overall economics of the production process.

A significant challenge for industrial-scale production of 3-HP from sugar is the inferior performance of fermentation microbes, which leads to diluted product streams and high separation costs. Few bio-based methods involving lactic acid, yeast, yeast-based ethanol, bacteria-based lactic acid, and coli-based propanediol can compete with petrol-based processes, resulting in higher production costs.

List of Major Companies in the 3-Hydroxypropionic Acid Market

Zhengzhou Alfa Chemical Co., Ltd.

Fluoropharm Co., Ltd.

LG Chem

Thermo Fisher Scientific Inc.

Beijing PhaBuilder Biotechnology Co., Ltd.

Cargill, Incorporated

Tokyo Chemical Industry Co., Ltd. (TCI)

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2-Methyl-1 3-Propanediol Market Development and Trends

According to this latest study, the growth in the 2-Methyl-1 3-Propanediol market will change significantly from the previous year. Over the next five years, 2-Methyl-1 3-Propanediol will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.

The global 2-Methyl-1 3-Propanediol  market provides qualitative and quantitative information on growth rate, market segmentation, market size, future trends and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the 2-Methyl-1 3-Propanediol market. This report analyses and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.

Report Coverage

The report offers a comprehensive perspective of the market size, share, revenue and volume. It has also delved into Porters’ Five Force Analysis SWOT analysis. Quantitative and qualitative assessments have been used to provide a holistic view of the market. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

Key Prominent Players in the 2-Methyl-1 3-Propanediol Market:

LyondellBasell, DAIREN Chemical Corp

Get a sample PDF of the report at: https://www.introspectivemarketresearch.com/request/5932

Market segmentation

The Global 2-Methyl-1 3-Propanediol Market is segmented on the basis of its type, application, and regional demand. Detailed segmentation of the 2-Methyl-1 3-Propanediol market, based on type and application and a descriptive structure of trends of the segments and sub-segments are elaborated in the report. It also provides the market size and estimates a forecast from the year 2022 to 2028 with respect to major regions

2-Methyl-1 3-Propanediol Market Segment by Types, Estimates, and Forecast by 2028

Assay (on a dry basis), Water, Color, Carbonyl (as -CHO), Iron

2-Methyl-1 3-Propanediol Market Segment by Applications, Estimates, and Forecast by 2028

Unsaturated Polyester Resins, Coating, Modified PET, Personal Care

Regional Analysis for COVID-19 Outbreak-Global 2-Methyl-1 3-Propanediol Market:

APAC     (Japan, China, South Korea, Australia, India, and Rest of APAC)

Europe     (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)

North     America (U.S., Canada, and Mexico)

South     America (Brazil, Chile, Argentina, Rest of South America

MEA     (Saudi Arabia, UAE, South Africa)

To Understand How COVID-19 Impact is Covered in This Report. Get Sample copy of the report at 

https://www.introspectivemarketresearch.com/inquiry/5932

Overall, this report covers the historical situation, current position, and the upcoming future prospects of the global 2-Methyl-1 3-Propanediol market during the forecasted period. This 2-Methyl-1 3-Propanediol Report Provides an excellent market outlook in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. This market research study presents actionable market insights with which environmental and profitable business approaches can be created. Studying and analysing the impact of Coronavirus COVID-19 on the 2-Methyl-1 3-Propanediol industry, the report gives an in-depth analysis and expert suggestions on how to face the post COIVD-19 period.

This report offers information about the 2-Methyl-1 3-Propanediol market and covering company profiles, patterns, industry dynamics, and market share. The report also throws light on a set of constantly changing market situations as well as future evaluations of various factors that totally affect the market.

Studying and analysing the impact of Coronavirus COVID-19 on the 2-Methyl-1 3-Propanediol industry, the report provides in-depth analysis and professional advices on how to face the post COIVD-19 period.

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2-Methyl-1 3-Propanediol Market 2021: Future Demand, Market Analysis

2-Methyl-2-propyl-1,3-propanediol (MPP) is a simple alkyl diol which has sedative, anticonvulsant and muscle relaxant effects. It is both a synthetic precursor to, and an active metabolite of the tranquilizers meprobamate and carisoprodol, as well as other derivatives. Methyl-propane-diol, also known as MPD, is an organic compound with the chemical formula CH₃OCH₂CH(OH)CH₃. It is a clear, colorless liquid with a faint odor. MPD is miscible with water and soluble in most organic solvents. MPD is produced by the hydrogenation of propionaldehyde. It is used as a building block for the production of polyurethanes, resins, and plasticizers. MPD can also be used as an antifreeze, coolant, and heat-transfer fluid.

2-Methyl-1 3-Propanediol Market report covers the detailed analysis on current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.

GET MORE INFO@:  https://introspectivemarketresearch.com/reports/2-methyl-1--3-propanediol-market-research-report-2020-market/

The key players covered in the 2-Methyl-1 3-Propanediol market report are:

•    LyondellBasell

•    DAIREN Chemical Corp

Market has segmented the global 2-Methyl-1 3-Propanediol market on the basis of type, application, and region:

By Type:

·         Assay (on a dry basis)

·         Water

·         Color

·         Carbonyl (as -CHO)

·         Iron

 By Application:

·         Unsaturated Polyester Resins

·         Coating

·         Modified PET

·         Personal Care

·         Other

By Regional Outlook (Revenue, USD Billion, 2017 – 2028)

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)

·         Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of South America)

Covid-19 Impact Is Covered in This Report:

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, 2-Methyl-1 3-Propanediol Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.

The research provides an up-to-date analysis of the current market scenario, as well as the current developments and drivers, and the market landscape. Furthermore, the growing demand for 2-Methyl-1 3-Propanediol is expected to propel the industry forward. The 2-Methyl-1 3-Propanediol market analysis is segmented into type, application, and geographic landscape.

Also, the 2-Methyl-1 3-Propanediol market analysis report includes information on upcoming technology trends, restraints, threats, challenges and opportunities that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities. The report contains a comprehensive market and competitive landscape in addition to an analysis of the key vendors.

Report covered the major key points:

•         Explore key findings of the overall market

•         Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

•         Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions

•         Market Segmentation caters to a thorough assessment of key segments with their market estimations

Reasons to Purchase the 2-Methyl-1,3-Propanediol Market Report:

·         The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period

·         Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.

·         Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.

·         The competitive landscape comprises share of key players, new developments, and strategies in the last three years.

·         Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.

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1,3 Propanediol (PDO) Market Segmented On The Basis Of Application ,Region And Forecast 2022 : Grand View Research Inc.

1,3 Propanediol (PDO) Market Segmented On The Basis Of Application ,Region And Forecast 2022 : Grand View Research Inc.

San Francisco, 5 December 2019: The Report 1,3 Propanediol (PDO) Market Size, Share & Trends Analysis Report By Application (Polytrimethylene Terephthalate (PTT), Polyurethane, Personal Care & Detergents) And Segment Forecasts To 2022

The Global 1,3 Propanediol (PDO) Market is expected to reach USD 776.3 million by 2022, according to a new study by Grand View Research, Inc. Growing…

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1, 3-Propanediol Market Report To, 2025 Analysis By Top Manufacturers – DuPont, Metabolic Explorer, Zouping Mingxing Chemical, Shell

1, 3-Propanediol Market Report To, 2025 Analysis By Top Manufacturers – DuPont, Metabolic Explorer, Zouping Mingxing Chemical, Shell

The most recent report on 1, 3-Propanediol Market issued by DecisionDatabases, numerous aspects of the current market scenario has been taken into consideration and a concise analysis has been put together to bring you with a study that has pre and post COVID analysis. It is essential to address the current outbreak of COVID-19 in the current market scenario. The complete shutdown in many parts…

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1,3-Propanediol Market Study 2018: Impressively growing Opportunities and Global Business Forecast 2023

1,3-Propanediol Market Study 2018: Impressively growing Opportunities and Global Business Forecast 2023

The “Global 1,3-Propanediol Market 2018″industry focuses on the present as well as upcoming aspects of the 1,3-Propanediol industry. The report contains a qualified and in-depth examination of 1,3-Propanediol Market. At first, the report provides the the current 1,3-Propanediol business situation along with a valid assessment of the 1,3-Propanediol business. 1,3-Propanediol report is partitioned…

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This report studies 2-Methyl-1, 3-Propanediol in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering LyondellBasell DAIREN CHEMICAL CORP Perstorp ... On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Chemical Grade Laboratory Grade By Application, the market can be split into Plasticizer Adhesive Painting Personal Care Products By Regions, this report covers (we can add the regions/countries as you want) North America China Europe Southeast Asia Japan India If you have any special requirements, please let us know and we will offer you the report as you want.