p-Hydroxycinnamic Acid Market Size

p-Hydroxycinnamic Acid Market size was valued at USD 144.6 million in 2023 and is set to exceed USD 243.8 million by 2036, registering over 4.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of p-hydroxycinnamic acid is estimated at USD 149.34 million. The growth of the market can be attributed to adoption of safer alternatives which includes natural compounds or biodegradable polymers. Less than approximate 0.30 percent of all thermoplastics were consumed globally in 2020 from biodegradable polymers. However, they do have a significant chance of helping to create a more sustainable future.

p-Hydroxycinnamic acid is a type of aromatic acid that perhaps be found in many plants which includes tea leaves, coffee beans, cinnamon bark, and cumin. It also exhibiting pharmacological effects that include anticancer, antioxidant, antiviral, immunomodulatory, and antiallergic. HCA has recently been demonstrated to exhibit anti-cancer properties in a variety of human cancer cell types, including bone metastatic breast cancer MDA-MB-231, pancreatic MIA PaCa-2 and Pt45P1 cells, human colon cancer cells, and neuroblastoma N2a cells.