The report enumerates the Propionic Acid Market share held by the major players of the industry and delivers a full view of the competitive landscape. This market is categorized into different segments with the comprehensive analysis of each with respect to the geography for the study period. Based on the historical study and estimates future prospects based on in-depth research, this report briefly provides the market trends, size, growth, and estimation for the period 2018-2025.
Propionic acid is a chemical compound which naturally occurs as carboxylic acid. Propionic acid is clear oily liquid with an irritating and strong pungent smell. Propionic acid is corrosive in nature and miscible with water. It resembles general properties of carboxylic acid and can form amides, esters, anhydrides, amide and other salts which are called propionates. Propionic acid has various industrial applications and is used in food preservatives and additives, pharmaceuticals, solvents, pesticides and in production of polymers. Propionic acid inhibits anti-bacterial properties which aids in reducing bacteria in food products.
Propionic acid also has several biological applications and is used to prepare different chemical compounds. Global propionic acid is segmented on the basis of applications as food preservatives, calcium and sodium salts, animal feed and grain preservatives, herbicides, cellulose acetate propionate and other which include biocides and solvents.
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Animal feed and grain preservatives are the major application segments which contributed to the rapid growth of global propionic acid market. In addition, rising use of food preservatives in food products is empowering the growth of this market. Use of propionic acid to increase the nutrient content in animal feed is a significant factor to upsurge the growth of global propionic acid market. Rapid growth of pharmaceutical industry is another factor expected to drive this market for the forecast period. Environmental concerns and health hazards due to the use propionic acid are factors holding up the growth of global propionic acid market.
Global propionic acid market is segmented by geography as Europe, North America, Asia Pacific, Latin America and Middle East and Africa. Europe and North America are leading geographies for the global propionic acid market. Key companies participating in the global propionic acid market include BASF SE, Celanese Corporation, Daicel Corporation, Dow Chemical Company, Holdings GmbH, Perstorp Holdings GmbH, Prathista Industries Ltd., A.M Food Chemical Co Ltd and Biomin Holdings GmbH. Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
4.Propionic Acid Market Analysis By Application
5.Propionic Acid Market Analysis By Region
6.Competitive Landscape Of Propionic Acid Companies
7.Company Profiles Of Propionic Acid Industry
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