Propionic Acid Market

Propionic Acid Market Introduction:
Propionic Acid Market is segmented on the basis of its application as animal feed & food preservative, propionates, herbicides, plasticizers, rubber products, and others. Among these, the animal feed and food preservative segment hold a major share of the global market in terms of both, value and volume. Around 50-55% of propionic acid is consumed in the manufacture of animal feedstock and food preservative and is likely to dominate the market in coming years. This growth is attributed to increasing demand for high-quality feed products and animal nutrition. Furthermore, the increasing demand for packaged food products coupled with high disposable income is the major driver of the market growth. Moreover, the use of propionic acid and its various salts such as calcium, sodium, magnesium, retard bacterial growth and are thus, used in protection of cosmetics. Propionic acid is also used to control pH of the cosmetic products and in plastic industry. Cellulose-acetate-propionate and Vinyl propionate are useful thermoplastic.

Propionic Acid Market is spanned across the five regions of Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Europe is the leading region in the global propionic acid market on account of the favouring regulations and growth for animal feedstock.

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Propionic Acid Market Key Players:
Propionic Acid Market are: BASF SE (Germany), DowDuPont (U.S.), Perstorp Orgnr (Sweden), Eastman Chemical Company (U.S.), and Macco Organiques Inc. (Canada). BIOMIN Holding GmbH (Austria), Krishna Chemicals (India), A.M. Food Chemical Co., Ltd. (China), Merck KGaA (Germany), and OXEA GmbH (Germany) among others.

Propionic Acid Market Segmental Analysis:
Propionic Acid Market is segmented into application and end-use industry. On the basis of application, the market is segregated into animal feed & food preservative, propionates, herbicides, plasticizers, rubber products, and others. The market by end-user is further bifurcated into agriculture, food & beverage, personal care, pharmaceuticals, and others.

Propionic Acid Market Growth Trends:
Propionic Acid Market include increase in consumption of herbicides in agriculture, which is likely to drive the market demand. The production of cellulose acetate propionate (CAP) is the underlying driver of the global market. It is highly used in applications requiring low odor, clarity, fast solvent release, anti-blocking and good adhesion to a variety of substrates. They are highly adaptable in printing inks and clear overprint varnishes because of its wide solubility in ink solvents, compatibility with other resins used in printing inks, and high melting point. However, the hazardous effect of propionic acid on human health may slow down the market growth. The high prices of the raw materials to produce propionic acid are likely to hamper the market growth, for example, BASF, Eastman Chemical Company, and Oxea increased the cost of propionic acid due to the rise in production cost.

Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of propionic acid market during the forecast period of 2018 to 2023 is well explained.

Data integration and capabilities are analysed to support the findings and study the predicted geographical segmentations. Various key variables and regression models were considered to calculate the trajectory of propionic acid market. Detailed analysis is explained and given importance to with best working models.
The ongoing market trends of propionic acid market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share is explained to give a depth of idea on the competitive side.

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Propionic Acid Market Regional Analysis:
Propionic Acid Market is segmented across the five regions of Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Europe is the largest region in the global propionic acid market in terms of revenue due to the favorable government regulations, and high growth rate for food preservatives & animal feed markets. The EU hygiene directive for maintaining the quality and hygiene of feed-mix products has propelled the market growth in the region. North America is another substantial region in the global propionic acid market owing to the growing food & beverage industry in this region.

Asia Pacific is the fastest emerging region due to the high demand for animal feedstock in this region. The presence of major agricultural countries such as China, India, and South Korea has further augmented the product demand as a chemical herbicide. Moreover, the changing consumption pattern along with the high disposable income is likely to surge the market demand in food preservation in coming years.

Propionic Acid Market Competitive Analysis:
Propionic Acid Market are: BASF SE (Germany), The Dow Chemical Company (U.S.), Perstorp Orgnr (Sweden), Eastman Chemical Company (U.S.), and Macco Organiques Inc. (Canada). BIOMIN Holding GmbH (Austria), Krishna Chemicals (India), A.M. Food Chemical Co., Ltd. (China), Merck KGaA (Germany), and OXEA GmbH (Germany) among others.

Propionic Acid Market Intended Audience:
Propionic acid market manufacturers
Traders and Distributors of propionic acid market
Production process industries
Potential investors

Propionic Acid Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain of Global Propionic Acid Market
5 Industry Overview of Global Propionic Acid Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
Propionic Acid Market Table of Content to be Continue…..,

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