Global Propionic Anhydride Market Growth 2025-2031

Global Propionic Anhydride Market Growth 2025-2031

The global Propionic Anhydride market size is predicted to grow from US$ 91.9 million in 2025 to US$ 112 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.

Propionic Anhydride (CAS 123-62-6) is an organic compound with the formula (CH3CH2CO)2O. This simple acid anhydride is a colourless liquid. It is a widely used reagent in organic synthesis.

Propionic Anhydride is a colorless liquid having a pungent odor and high boiling point. It is soluble in alcohol, ether, chloroform, and alkalies, but decomposes in water.

Propionic anhydride is used chiefly as an acylating agent, e.g. as a raw material for dyes, pharmaceuticals, agrochemicals and fragrance chemicals. Propionic anhydride is also used for the production of cellulose acetate propionate.

The market for Propionic Anhydride is highly concentrated. Key market players include Eastman, Celanese, UPI Chemical and Daicel, with about 73% market shares. The global Propionic Anhydride market is led by Europe and USA. USA is the largest regional market accounting for over 50% of global Propionic Anhydride market demand. In the world, the consumption areas of Propionic Anhydride are mainly Spices and Chemical Industry.

LP Information, Inc. (LPI) ' newest research report, the “Propionic Anhydride Industry Forecast” looks at past sales and reviews total world Propionic Anhydride sales in 2024, providing a comprehensive analysis by region and market sector of projected Propionic Anhydride sales for 2025 through 2031. With Propionic Anhydride sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Propionic Anhydride industry.

This Insight Report provides a comprehensive analysis of the global Propionic Anhydride 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 Anhydride portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Propionic Anhydride market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Propionic Anhydride 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 Anhydride.

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

Segmentation by Type:
Industrial Grade
Food Grade
Pharmaceutical Grade

Segmentation by Application:
Pharmaceuticals
Spices
Chemical Industry

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 analysing the company's coverage, product portfolio, its market penetration.
Eastman
Celanese
UPI Chemical
Daicel
Zengrui
Zhonggang
Jinon

Key Questions Addressed in this Report

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

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

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

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

How does Propionic Anhydride break out by Type, by Application?

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