Hydroxypropionic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Hydroxy propionic Acid Market is segmented by Product Type (Powder and Liquid), by Application (Adhesives & Sealants, Polymer, Paints & Coatings, and Others), and Geography (Asia-Pacific, North America, Europe, South America and Middle East and Africa).

Hydroxypropionic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Hydroxypropionic Acid Market Size

Hydroxypropionic Acid Market Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.10 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Hydroxypropionic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Hydroxypropionic Acid with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Hydroxypropionic Acid Market Analysis

The Hydroxypropionic Acid Market is expected to register a CAGR of greater than 5.1% during the forecast period.

  • However, the outbreak of coronavirus across the globe is likely to hinder the growth of the studied market.
  • Increasing consumer inclination toward eco-friendly products and technological modification are likely to provide opportunities for the studied market, during the forecast period.
  • Paints & coatings application is the most dominating application segment for the market studied.
  • North America region dominated across the world with increasing consumption from countries like the USA and Mexico.

North America Region to Dominate the Market

  • North America region dominated the global market share and is likely to continue holding the largest share during the forecast period, owing to government regulations promoting the use of bio-based products, and continuous research and innovations in the field of technological modification.
  • In addition, tight regulations pertaining to petroleum-based platform chemicals and the decline of fossil fuel supplies also create prospects for development for the region's bio-based platform chemicals industry.
  • Powder-base hydroxypropionic acid is expected to experience growth due to increased use in the manufacture of acrylates for various adhesives on account of increasing applications in building & construction.
  • Additionally, the country's end-user industries, such as food and beverage, cosmetics, pharmaceutical, and fertilizer industries, are tightly regulated to prevent adverse impacts on citizens' health. Compared with petroleum-based raw materials, these sectors are more likely to shift to bio-based raw materials in this way.
  • Thus, the aforementioned factors, coupled with government support, are contributing to the increasing demand for the hydroxypropionic acid market in the North America during the forecast period.
Hydroxypropionic Acid Market Growth

Hydroxypropionic Acid Industry Overview

The global hydroxypropionic acid market is partially consolidated in nature. Some of the major companies are TCI N. V, Cayman Chemical Company, Spectrum Chemical Manufacturing Corp, Toronto Research Chemicals Inc., and Alfa Aesar (Thermo Fisher Scientific) amongst others.

Hydroxypropionic Acid Market Leaders

  1. TCI N. V

  2. Cayman Chemical Company

  3. Spectrum Chemical Manufacturing Corp

  4. Toronto Research Chemicals Inc.

  5. Alfa Aesar (Thermo Fisher Scientific)

  6. *Disclaimer: Major Players sorted in no particular order
TCI N. V, Cayman Chemical Company, Spectrum Chemical Manufacturing Corp, Toronto Research Chemicals Inc., and Alfa Aesar (Thermo Fisher Scientific)
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Hydroxypropionic Acid Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand from Paints and Coatings Sector
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Product
    • 5.1.1 Powder
    • 5.1.2 Liquid
  • 5.2 Application
    • 5.2.1 Paints and Coatings
    • 5.2.2 Polymer
    • 5.2.3 Adhesives and Sealants
    • 5.2.4 Others
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share/Ranking Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Alfa Aesar (Thermo Fisher Scientific)
    • 6.4.2 BASF SE
    • 6.4.3 Capot chemical
    • 6.4.4 Cargill
    • 6.4.5 Cayman Chemical Company
    • 6.4.6 Dalton Research Molecules
    • 6.4.7 Novozymes
    • 6.4.8 Oakwood Products, Inc.
    • 6.4.9 Sigma-Aldrich
    • 6.4.10 Spectrum Chemical Manufacturing Corp
    • 6.4.11 SynQuest Laboratories
    • 6.4.12 TCI N. V
    • 6.4.13 Toronto Research Chemicals Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Consumer Inclination towards Eco-Friendly Product
  • 7.2 Other Opportunities
**Subject to Availability
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Hydroxypropionic Acid Industry Segmentation

The hydroxypropionic acid market report include:

Product Powder
Liquid
Application Paints and Coatings
Polymer
Adhesives and Sealants
Others
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Hydroxypropionic Acid Market Research FAQs

What is the current Hydroxypropionic Acid Market size?

The Hydroxypropionic Acid Market is projected to register a CAGR of greater than 5.1% during the forecast period (2025-2030)

Who are the key players in Hydroxypropionic Acid Market?

TCI N. V, Cayman Chemical Company, Spectrum Chemical Manufacturing Corp, Toronto Research Chemicals Inc. and Alfa Aesar (Thermo Fisher Scientific) are the major companies operating in the Hydroxypropionic Acid Market.

Which is the fastest growing region in Hydroxypropionic Acid Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Hydroxypropionic Acid Market?

In 2025, the North America accounts for the largest market share in Hydroxypropionic Acid Market.

What years does this Hydroxypropionic Acid Market cover?

The report covers the Hydroxypropionic Acid Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Hydroxypropionic Acid Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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Hydroxypropionic Acid Industry Report

Statistics for the 2025 Hydroxypropionic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hydroxypropionic Acid analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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