2hydroxypropionic Acid Market
2-hydroxypropionic Acid Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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2-hydroxypropionic Acid Market Size and Growth
The 2-hydroxypropionic acid market is experiencing steady growth due to increasing demand in diverse applications such as pharmaceuticals, food, and cosmetics. Current market size is estimated at approximately $XX million, with projected growth driven by expanding end-use sectors and favorable regulatory conditions enhancing its applications and sustainability.
Companies Covered
(Covid 19 Impact Covered)
◍ Corbion
◍ Naturework
◍ Galactic
◍ Henan Jindan Lactic Acid Technology
◍ COFCO Biochemical
◍ Musashino Chemical
◍ Wuhan Sanjiang Space Good Biotech
◍ Shanxi Biochemical
◍ Jungbunzlauer
◍ Zhengzhou Tianrun
◍ Shangdong Fullsail
The 2-hydroxypropionic acid market features companies like Corbion, NatureWorks, and Jungbunzlauer, which produce lactic acid for bioplastics and food applications. Galactic and COFCO Biochemical focus on fermentationderived products. Their innovations and sustainable practices are driving market growth through increased demand and diverse applications. Revenue figures include:
- Corbion: Approximately $1 billion
- Jungbunzlauer: Around €700 million
- NatureWorks: Roughly $300 million
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Market Segmentation
By Application
PLA
Pharmaceutical
Home & Personal Care
Industrial Applications
Food & Beverage
Others
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By Product
Food Grade
Industrial Grade
Pharmaceutical Grade
Market Growth
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$ X Billion USD
