The worldwide market for Propionic Acid is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new study. —
The Propionic Acid Industry report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Propionic Acid industry analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
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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.
Complete report on Propionic Acid Industry spread across 123 pages, profiling 11 companies and supported with tables and figures. Inquire for more at - https://www.orianresearch.com/enquiry-before-buying/609653 .
The Manufacturers Analyzed in Global Propionic Acid Market are –
• SINOPEC Qilu
• Yancheng Huade
• Yancheng Hongtai
• Shanghai Jianbei
Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
• Oxo process
• Reppe process
• By-product process
Market Segment by Applications, can be divided into
• Grain and feed preservatives
• Calcium and sodium salts
• Cellulose acetate propionate
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There are 15 Chapters to deeply display the Global Propionic Acid Market -
Chapter 1, to describe Propionic Acid Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Propionic Acid, with sales, revenue, and price of Propionic Acid, in 2016 and 2018;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2018;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Propionic Acid, for each region, from 2012 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2012 to 2018;
Chapter 12, Propionic Acid Market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Propionic Acid sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Table of Contents:
1 Market Overview
2 Manufacturers Profiles
3 Global Propionic Acid Market Competition, by Manufacturer
4 Global Propionic Acid Market Analysis by Regions
5 North America Propionic Acid by Countries, Type, Application and Manufacturers
6 Europe Propionic Acid by Countries, Type, Application and Manufacturers
7 Asia-Pacific Propionic Acid by Countries, Type, Application and Manufacturers
8 South America Propionic Acid by Countries, Type, Application and Manufacturers
9 Middle East and Africa Propionic Acid by Countries, Type, Application and Manufacturers
10 Global Propionic Acid Market Segment by Type
11 Global Propionic Acid Market Segment by Application
12 Propionic Acid Market Forecast (2018-2023)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
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Name: Ruwin Mendez
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Organization: Orian Research
Release ID: 396869