Global Propionic Acid Market Insights, Forecast to 2025
Propionic acid is a three-carbon carboxylic acid with a molecular formula of CH3CH2COOH. It is a clear, colorless liquid with a pungent odor. Propionic acid is an ideal preservative, it can inhibit the growth of molds and bacteria, so propionic acid and derivatives are largely used as feed and food preservatives. Nowadays, growing high quality animal feed consumption has led to increased feed preservatives demand which in turn is expected to drive propionic acid market growth. Besides, the product also finds applications in food & grain preservatives, herbicides and chemical & pharmaceutical industry.
The global propionic acid market is led by EU and US. EU is the largest regional market accounting for over 39% of global propionic acid market demand in 2014. Asia Pacific is the most rapidly developing regional market for propionic acid.
The market for propionic acid is highly concentrated. Key market players include BASF SE, the Dow Chemical Company, Perstorp Holding GmbH and Eastman Chemical Company.
Propionic acid's demand is heavily dependent on animal feeds, food grains, packaged food and bakery products. Consequently, demand will be regardless of the shape of the economy.
Global Propionic Acid market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Propionic Acid.
This report researches the worldwide Propionic Acid market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Propionic Acid breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
BASF
Dow
Perstorp
Eastman
Daicel
Sasol
BASF-YPC
SINOPEC Qilu
Yancheng Huade
Yancheng Hongtai
Shanghai Jianbei
Propionic Acid Breakdown Data by Type
Oxo process
Reppe process
By-product process
Propionic Acid Breakdown Data by Application
Grain and feed preservatives
Calcium and sodium salts
Herbicides
Cellulose acetate propionate
Others
Propionic Acid Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
Propionic Acid Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Propionic Acid capacity, production, value, consumption, status and forecast;
To focus on the key Propionic Acid manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Propionic Acid :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
The global propionic acid market is led by EU and US. EU is the largest regional market accounting for over 39% of global propionic acid market demand in 2014. Asia Pacific is the most rapidly developing regional market for propionic acid.
The market for propionic acid is highly concentrated. Key market players include BASF SE, the Dow Chemical Company, Perstorp Holding GmbH and Eastman Chemical Company.
Propionic acid's demand is heavily dependent on animal feeds, food grains, packaged food and bakery products. Consequently, demand will be regardless of the shape of the economy.
Global Propionic Acid market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Propionic Acid.
This report researches the worldwide Propionic Acid market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Propionic Acid breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
BASF
Dow
Perstorp
Eastman
Daicel
Sasol
BASF-YPC
SINOPEC Qilu
Yancheng Huade
Yancheng Hongtai
Shanghai Jianbei
Propionic Acid Breakdown Data by Type
Oxo process
Reppe process
By-product process
Propionic Acid Breakdown Data by Application
Grain and feed preservatives
Calcium and sodium salts
Herbicides
Cellulose acetate propionate
Others
Propionic Acid Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
Propionic Acid Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Propionic Acid capacity, production, value, consumption, status and forecast;
To focus on the key Propionic Acid manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Propionic Acid :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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