Market Research

Propionic Acid Market: By Application (Animal Feed and Food Preservatives, Calcium, Ammonium, and Sodium Salts, Cellulose Acetate Propionate, Herbicides, Plasticizers, Rubber Products, and Other Applications), By End-User industry (Agriculture, Food & Bev

Best Price Guarantee Length Publisher Published Date SKU
from $4,950 411 Pages Fatpos Global September, 2023 FAGL18277848
Best Price Guarantee
Price from $4,950
Length 411 Pages
Publisher Fatpos Global
Published Date September, 2023
SKU FAGL18277848

Propionic Acid Market: By Application (Animal Feed and Food Preservatives, Calcium, Ammonium, and Sodium Salts, Cellulose Acetate Propionate, Herbicides, Plasticizers, Rubber Products, and Other Applications), By End-User industry (Agriculture, Food & Beverage, Personal Care, Pharmaceutical, Other End-User Industries) And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts To 2032


Propionic Acid Market: By Application (Animal Feed and Food Preservatives, Calcium, Ammonium, and Sodium Salts, Cellulose Acetate Propionate, Herbicides, Plasticizers, Rubber Products, and Other Applications), By End-User industry (Agriculture, Food & Beverage, Personal Care, Pharmaceutical, Other End-User Industries) And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts To 2032

PRODUCT OVERVIEW

Propionic Acid Market is expected to exceed 2.5 billion USD by 2032 from 1.35 billion USD in 2021, growing at a CAGR of 5.9% during the forecast period i.e., from 2022-2032

Propionic acid is a water-soluble, three-carbon carboxylic acid with an unpleasant pungent smell and is colorless liquid. Propionic acid is manufactured by fermentation process and by hydro carboxylation of ethylene using nickel carbonyl catalyst. Propionic acid is utilized as preservative in food items like baked products, cheeses, and even as additive for artificial flavors. The raw materials used for production of propionic acid are carbon monoxide & ethylene. It is used as synthetic intermediate in production the of vitamin E, flavoring agents, esters, pharmaceuticals, solvents and many more. The usage of Propionic acid is studied to be safe and can be utilized as preservative in food items and in animal feed. Propionic acid prevents the growth of several molds, hence possess antibacterial properties and is used in breads as preservatives to increase the shelf life.

MARKET HIGHLIGHTS

Global Propionic Acid Market is expected to exceed 2.5 billion USD by 2032 from 1.35 billion USD in 2021, growing at a CAGR of 5.9% during the forecast period i.e., from 2022-2032 owing to the increasing necessity of Propionic Acid in the market as it possesses properties of preservative and is safe to use as an intermediate in production process. Propionic acid also functions as a fungicide and bactericide and is helpful in control fungi and bacteria. The esters of propionic acid are used as solvents, and artificial flavorings in food & beverages which is expected to boost the market growth in the forecast period.

Global Propionic Acid Market Segments:
  • By Application
  • Animal Feed and Food Preservatives
  • Calcium
  • Ammonium
  • Sodium Salts
  • Cellulose Acetate Propionate
  • Herbicides
  • Plasticizers
  • Rubber Products
  • Other Applications
  • By End-User industry
  • Agriculture
  • Food & Beverage
  • Personal Care
  • Pharmaceutical
  • Other End-User Industries
MARKET DYNAMICS

Growth Drivers

Increasing demand in Food Industry is expected to drive the market growth

Rising demand for cellulose acetate propionate is expected to boost the growth of market

Restraint

The Side Effects caused on using Propionic acid may restrain the market growth

Key Players
  • BASF
  • The Dow Chemical Company
  • PERSTORP ORGNR
  • Oxea GMBH
  • Krishna Chemicals
  • Merck KGaA
  • DAICEL CORPORATION
  • Otto Chemie Pvt. Ltd
  • Eastman Chemical Company
  • Celanese Corporation
  • BIOMIN HOLDING GMBH
  • A.M. FOOD CHEMICAL CO. LTD
  • CORBION N.V
  • Hawkins, Inc
  • Oman Oil Company SAOC
  • Other Prominent Players
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 4-5 business days upon order confirmation*


1. Executive Summary
>
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Propionic Acid Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2. Global Propionic Acid Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Global Propionic Acid Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10. Global Propionic Acid Market
10.1. Overview
10.2.Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Global Propionic Acid Market Size & Forecast 2022A-2032F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Application
11.3.1.1. Animal Feed and Food Preservatives
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2.Market Share (%) 2022-2032F
11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Calcium
11.3.1.2.1.By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Ammonium
11.3.1.3.1.By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.4. Sodium Salts
11.3.1.4.1.By Value (USD Million) 2022-2032F
11.3.1.4.2. Market Share (%) 2022-2032F
11.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.5. Cellulose Acetate Propionate
11.3.1.5.1.By Value (USD Million) 2022-2032F
11.3.1.5.2. Market Share (%) 2022-2032F
11.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.6. Herbicides
11.3.1.6.1.By Value (USD Million) 2022-2032F
11.3.1.6.2. Market Share (%) 2022-2032F
11.3.1.6.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.7. Herbicides
11.3.1.7.1.By Value (USD Million) 2022-2032F
11.3.1.7.2. Market Share (%) 2022-2032F
11.3.1.7.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.8. Rubber Products
11.3.1.8.1.By Value (USD Million) 2022-2032F
11.3.1.8.2. Market Share (%) 2022-2032F
11.3.1.8.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.9. Other Applications
11.3.1.9.1.By Value (USD Million) 2022-2032F
11.3.1.9.2. Market Share (%) 2022-2032F
11.3.1.9.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.By End-User industry
11.3.2.1. Agriculture
11.3.2.1.1.By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2.Food & Beverage
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3.Personal Care
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.4.Pharmaceutical
11.3.2.4.1. By Value (USD Million) 2022-2032F
11.3.2.4.2. Market Share (%) 2022-2032F
11.3.2.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.5.Other End-User Industries
11.3.2.5.1. By Value (USD Million) 2022-2032F
11.3.2.5.2. Market Share (%) 2022-2032F
11.3.2.5.3. Y-o-Y Growth (%) 2022-2032F
12. North America Propionic Acid Market Size & Forecast 2022A-2032F
12.1. Overview
12.2.Key Findings
12.3.Market Segmentation
12.3.1.By Application
12.3.2. By End-User industry
12.4.Country
12.4.1.United States
12.4.2. Canada
13. Europe Propionic Acid Market Size & Forecast 2022A-2032F
13.1. Overview
13.2.Key Findings
13.3.Market Segmentation
13.3.1.By Application
13.3.2. By End-User industry
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia Propionic Acid Market Size & Forecast 2022A-2032F
14.1. Overview
14.2.Key Findings
14.3.Market Segmentation
14.3.1.By Application
14.3.2. By End-User industry
14.4.By Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Propionic Acid Market Size & Forecast 2022A-2032F
15.1. Overview
15.2.Key Findings
15.3.Market Segmentation
15.3.1.By Application
15.3.2. By End-User industry
15.4.Country
15.4.1.Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Propionic Acid Market Size & Forecast 2022A-2032F
16.1. Overview
16.2.Key Findings
16.3.Market Segmentation
16.3.1.By Application
16.3.2. By End-User industry
16.4.Country
16.4.1.Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2021
17.2. Key player overview
17.3.Key stakeholders
18. Company Profiles
18.1. BASF
18.1.1. Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2.Key Clients
18.1.4.3.Market Share
18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.1.4.5.Executive Team
18.2. The Dow Chemical Company
18.3. PERSTORP ORGNR
18.4. Oxea GMBH
18.5. Krishna Chemicals
18.6. Merck KGaA
18.7. DAICEL CORPORATION
18.8. Otto Chemie Pvt. Ltd
18.9. Eastman Chemical Company
18.10. Celanese Corporation
18.11. BIOMIN HOLDING GMBH
18.12. A.M. FOOD CHEMICAL CO. LTD\
18.13. CORBION N.V
18.14. Hawkins, Inc
18.15.Oman Oil Company SAOC
18.16. Other prominent players
19. Appendix
20. Consultant Recommendation

$4,950
$7,500

Research Assistance

US: 800.298.5699
Int'l: +1.240.747.3093
Live help
Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Other tasks

Cookie Settings