| Product Code: ETC11431749 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, China continued to import significant quantities of 2 hydroxypropanoic acid, with top exporters being Netherlands, South Korea, Japan, Thailand, and Germany. Despite the diverse sources, market concentration, as measured by HHI, remained low in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was -3.68%, indicating a slight decline in imports over the period. However, there was a positive growth rate of 3.99% from 2023 to 2024, suggesting a potential rebound in demand for 2 hydroxypropanoic acid in the Chinese market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China 2 Hydroxypropanoic Acid Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China 2 Hydroxypropanoic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 China 2 Hydroxypropanoic Acid Market - Industry Life Cycle |
3.4 China 2 Hydroxypropanoic Acid Market - Porter's Five Forces |
3.5 China 2 Hydroxypropanoic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 China 2 Hydroxypropanoic Acid Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.7 China 2 Hydroxypropanoic Acid Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.8 China 2 Hydroxypropanoic Acid Market Revenues & Volume Share, By Production Method, 2021 & 2031F |
4 China 2 Hydroxypropanoic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for bio-based chemicals in various industries |
4.2.2 Growing awareness about environmental sustainability and regulatory push for eco-friendly products |
4.2.3 Rise in research and development activities to enhance product efficiency and applications |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices affecting production costs |
4.3.2 Intense competition from alternative chemical products |
4.3.3 Challenges in scaling up production to meet increasing demand |
5 China 2 Hydroxypropanoic Acid Market Trends |
6 China 2 Hydroxypropanoic Acid Market, By Types |
6.1 China 2 Hydroxypropanoic Acid Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Application, 2021 - 2031F |
6.1.3 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Bioplastics, 2021 - 2031F |
6.1.4 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.1.5 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Food & Beverage, 2021 - 2031F |
6.1.6 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.1.7 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Cosmetics, 2021 - 2031F |
6.2 China 2 Hydroxypropanoic Acid Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Packaging, 2021 - 2031F |
6.2.3 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3 China 2 Hydroxypropanoic Acid Market, By Grade |
6.3.1 Overview and Analysis |
6.3.2 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Food, 2021 - 2031F |
6.3.3 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.4 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Pharmaceutical, 2021 - 2031F |
6.4 China 2 Hydroxypropanoic Acid Market, By Production Method |
6.4.1 Overview and Analysis |
6.4.2 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Synthetic, 2021 - 2031F |
6.4.3 China 2 Hydroxypropanoic Acid Market Revenues & Volume, By Fermentation, 2021 - 2031F |
7 China 2 Hydroxypropanoic Acid Market Import-Export Trade Statistics |
7.1 China 2 Hydroxypropanoic Acid Market Export to Major Countries |
7.2 China 2 Hydroxypropanoic Acid Market Imports from Major Countries |
8 China 2 Hydroxypropanoic Acid Market Key Performance Indicators |
8.1 Research and development investment in bio-based technologies |
8.2 Adoption rate of 2 hydroxypropanoic acid in key industries such as cosmetics, pharmaceuticals, and food additives |
8.3 Number of patents filed for innovative applications of 2 hydroxypropanoic acid |
9 China 2 Hydroxypropanoic Acid Market - Opportunity Assessment |
9.1 China 2 Hydroxypropanoic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 China 2 Hydroxypropanoic Acid Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.3 China 2 Hydroxypropanoic Acid Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.4 China 2 Hydroxypropanoic Acid Market Opportunity Assessment, By Production Method, 2021 & 2031F |
10 China 2 Hydroxypropanoic Acid Market - Competitive Landscape |
10.1 China 2 Hydroxypropanoic Acid Market Revenue Share, By Companies, 2024 |
10.2 China 2 Hydroxypropanoic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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