Global Propionic Acid Market Growth 2023-2029

Global Propionic Acid Market Growth 2023-2029

The Propionic Acid market covers Oxo process, Reppe process, By-product process, etc. The typical players include BASF, Dow, Perstorp, Eastman, Sasol, BASF-YPC, etc.

LPI (LP Information)' newest research report, the “Propionic Acid Industry Forecast” looks at past sales and reviews total world Propionic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Propionic Acid sales for 2023 through 2029. With Propionic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Propionic Acid industry.

This Insight Report provides a comprehensive analysis of the global Propionic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Propionic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Propionic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Propionic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Propionic Acid.

The global Propionic Acid market size is projected to grow from US$ 756.2 million in 2022 to US$ 943.7 million in 2029; it is expected to grow at a CAGR of 943.7 from 2023 to 2029.

In the global Propionic Acid market, the main companies are BASF, Dow, Perstorp and Eastman, with a market share of more than 70%. The main regions are the Asia-Pacific region and the US market, with a market share of more than 60%. Reppe Process has the largest share of the Propionic Acid market, close to 50%. The application scenarios of Propionic Acid are mainly concentrated on Grain and Feed Preservatives, with a market share of about 40%.

This report presents a comprehensive overview, market shares, and growth opportunities of Propionic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Oxo Process

Reppe Process

By-product Process

Segmentation by application

Grain and Feed Preservatives

Calcium and Sodium Salts

Herbicides

Cellulose Acetate Propionate

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

BASF

Dow

Perstorp

Eastman

Sasol

BASF-YPC.Co.,Ltd.

Yancheng Huade

Key Questions Addressed in this Report

What is the 10-year outlook for the global Propionic Acid market?

What factors are driving Propionic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Propionic Acid market opportunities vary by end market size?

How does Propionic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.