Veracious Statistics Research has published the report on Global Propionic Acid Market and the market research study provides a thorough assessment of the worldwide market based on product types such as minerals and ores, food and farm goods, machinery and tools, chemicals, and others. The study also offers market research based on geographic areas such as America, APAC, and MEA.

Global Propionic Acid Market Share, Size, Growth, Opportunity and Forecast period 2018-2025, it is approximated that the market reached a volume of around USD 1.39 billion in 2018. The report is expected to exceed more than USD xx.xx by 2025 at a CAGR of 6.9 % over the forecast period. On the region basis the Asia Pacific and North America held the largest market share in 2018 and is expected to show continue growing regional economy during the forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2018-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global propionic acid market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global propionic acid market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By End-User Insights: Propionic acid market is depending upon the agriculture, food & beverage, personal care, and pharmaceutical. Increasing supply for flavoring substances has led to the powerful development of the food and beverage sector. That is anticipated to be one of the key drivers of propionic acid business growth. Though, it is projecting that the adverse impact on human health, along with genetic changes, tumors, and skin discomfort, is a significant price restriction on the industry for propionic acid. In fact, with growing safety concerns about pesticide use, propionic acid may face a downward tendency is a request from plant safety chemicals in the coming years.

By Application Insights: Propionic acid market is depending upon the animal feed & food preservatives, calcium, ammonium, sodium salts, cellulose acetate propionate, herbicides, plasticizers, and rubber products sector. In wrapped foods like baked goods & cheese, propionic acid is primarily using as a preservative in animal feed and flavoring solution. Propionic acid prevents organisms and molds from growing. For instance, cellulose acetate propionate, which is a beneficial thermoplastic, is also used to make reasonable propionates. When blended in tiny amounts with grains, organic acids assist stop mycotoxin development, which is very useful to animal health. Propionic acid also works against molds or pillows and allows them to store grains at elevated moisture sites for shorter intervals. Another useful ownership of propionic acid, particularly in animal production, is the enhancement in protein digestion, which helps to keep the animal healthy and growing well. Owing to the increasing population, supply for animal feed is constantly increasing, resulting in increased food demand for human usage. The growing requirement for food and consciousness of grain conservation and secure food for animals are anticipated to considerably increase supply for propionic acid over the forecast period.

Regional Analysis

The global propionic acid market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2018, Europe governs the market for propionic acids and is anticipated to keep its preeminence over the forecast period. The competitiveness of the region can be ascribed to the growing availability of food and meat, chicken, and fish goods bundled comfort in the region. Furthermore, the growing supply for propionic acid in the pharmaceutical sector is also fueling national market growth. Even so, due to the increasing animal feed sector, personal care, and meat & beverage sectors in the area, the Asia Pacific market is anticipated to record the largest CAGR over the prediction span. Furthermore, in the Asia Pacific, agriculture is an important sector that also catalyzes market growth as propionic acid is commonly using in multiple agrochemicals.

Global Propionic Acid Market Size, Share Analysis By Region 2018

Global Propionic Acid Market Study Objective

1. To forecast the market size of the propionic acid market in terms of quantity and income as well as market possibilities for shareholders, along with defining and identifying the market, in order to provide a competitive landscape for worldwide market players.

2. Propionic acid market analysis and forecast based on region, substratum, and implementation or end-use industries. Profiling significant market players and comprehensively analyzing their market stocks and vital skills.

3. To evaluate and elaborate important variables that will have an important effect on edge analytics market growth, such as drivers, constraints, difficulties, and prospects.

4. Propionic acid market regional assessment to stimulate the size of the market of five main worldwide areas, including Europe, North America, South America, Middle East & Africa, and the Asia Pacific. 

5. Strategic assessment of micro markets in terms of individual prospects, possibilities, trends in development and general market participation.

6. To provide a detailed examination of competitive and strategic trends on the propionic acid market such as a fresh product launch, partnership & contract, investment & development, and mergers & acquisitions of companies.

Key Players Landscape

BASF SE, Dow, Eastman Chemical Company, OXEA GmbH, Perstorp Orgnr, Krishna Chemicals, Celanese Corporation, BIOMIN Holding GmbH, A.M. Food Chemical Co. Ltd, DAICEL CORPORATION, Kemin Industries Inc, Niacet, Impextraco NV, and others are some of the key players in the market of propionic acid. 

Global Propionic Acid Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.