Market Overview:
The global formulating grade propionic acid market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for feed preservatives, food preservation, and processing aids for semiconductor across the globe. On the basis of type, the global formulating grade propionic acid market has been segmented into carbonyl synthesis, Reppe method, and by-product method. The carbonyl synthesis segment is expected to account for a major share of the global formulating grade propionic acid market in 2018. This can be attributed to its growing demand from various end-use industries such as feed preservatives and food preservation. On the basis of application, the global formulating grade propionic acid market has been segmented into feed preservatives, food preservation,, processing aids for semiconductor,.
Product Definition:
Formulating grade propionic acid is important because it is a key ingredient in many industrial and commercial products. It is used as a preservative, flavoring agent, and antimicrobial agent in food production, and also has various applications in the pharmaceutical and personal care industries.
Carbonyl Synthesis:
Carbonyl synthesis is the process of making urea from carbon and hydrogen. It's a cost-effective method used by small-scale chemical manufacturers to produce propionic acid, which has high demand in end-use industries like pharmaceuticals and agrochemicals.
Reppe Method:
The Reppe method is a cost-effective and environment friendly process to produce propionic acid. It involves the use of renewable feedstock such as corn cobs, sugar, or starch for manufacturing propionic acid. The major advantage of using this method is that it reduces the overall production cost by eliminating the need for expensive catalysts in addition to reducing carbon footprint during production.
This technology has been developed by Gevo, Inc., which is a U.S.
Application Insights:
Feed preservatives, food preservation, processing aids for semiconductors and other applications are some of the major segments that would drive the global propionic acid market over the forecast period. The demand from processing aids for semiconductor application segment is expected to register a CAGR of XX% in terms of revenue during the same period owing to its rising use in manufacturing high-density and highly-integrated circuit chips used in electronic devices such as smartphones.
The product has wide applications across feed additives & enhancers (excluding antibiotics), animal nutrition, crop protection products including herbicides and pesticides among others which include biocides and growth regulators. In addition, it also finds utility as an intermediate chemical used across several end-use industries such as pharmaceuticals (30%), personal care & cosmetics (20%), textiles (10%) among others.
Regional Analysis:
Europe was the largest regional market for formulating grade propionic acid in 2017, accounting for a share of over 30.0% owing to high demand from the food and feed industry. The region is expected to dominate the global market throughout the forecast period due to factors such as increasing meat consumption and stringent regulations about hygiene in food production that has led to an increase in demand for propionic acid based products as processing aids.
Asia Pacific is projected to be one of fastest-growing regions with a CAGR of XX% during the forecast period on account of rapid industrialization along with growing population, which will lead towards increased product consumption across various end-use industries including pharmaceuticals, personal care & cosmetics, processed foods among others.
Growth Factors:
- Increasing demand from end-use industries such as food and beverage, pharmaceuticals, and personal care products
- Growing awareness about the benefits of propionic acid among consumers
- Rising investments by key players in research and development to develop new applications for propionic acid
- Expansion of manufacturing capacities by key players to cater to the growing demand for propionic acid globally
- Growing popularity of propionic acid as a green alternative to traditional chemical solvents
Scope Of The Report
Report Attributes
Report Details
Report Title
Formulating Grade Propionic Acid Market Research Report
By Type
Carbonyl Synthesis, Reppe Method, By-product Method
By Application
Feed Preservatives, Food Preservation, Processing Aids for Semiconductor
By Companies
BASF, Dow, Perstorp, Eastman, Sasol, BASF-YPC.Co.,Ltd., Yancheng Huade
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Formulating Grade Propionic Acid Market Report Segments:
The global Formulating Grade Propionic Acid market is segmented on the basis of:
Types
Carbonyl Synthesis, Reppe Method, By-product Method
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Feed Preservatives, Food Preservation, Processing Aids for Semiconductor
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Dow
- Perstorp
- Eastman
- Sasol
- BASF-YPC.Co.,Ltd.
- Yancheng Huade
Highlights of The Formulating Grade Propionic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbonyl Synthesis
- Reppe Method
- By-product Method
- By Application:
- Feed Preservatives
- Food Preservation
- Processing Aids for Semiconductor
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Formulating Grade Propionic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Formulating grade propionic acid is a process of creating propionic acid from butyric acid.
Some of the key players operating in the formulating grade propionic acid market are BASF, Dow, Perstorp, Eastman, Sasol, BASF-YPC.Co.,Ltd., Yancheng Huade.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Formulating Grade Propionic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Formulating Grade Propionic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Formulating Grade Propionic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Formulating Grade Propionic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Formulating Grade Propionic Acid Market Size & Forecast, 2018-2028
4.5.1 Formulating Grade Propionic Acid Market Size and Y-o-Y Growth
4.5.2 Formulating Grade Propionic Acid Market Absolute $ Opportunity
Chapter 5 Global Formulating Grade Propionic Acid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Formulating Grade Propionic Acid Market Size Forecast by Type
5.2.1 Carbonyl Synthesis
5.2.2 Reppe Method
5.2.3 By-product Method
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Formulating Grade Propionic Acid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Formulating Grade Propionic Acid Market Size Forecast by Applications
6.2.1 Feed Preservatives
6.2.2 Food Preservation
6.2.3 Processing Aids for Semiconductor
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Formulating Grade Propionic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Formulating Grade Propionic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Formulating Grade Propionic Acid Analysis and Forecast
9.1 Introduction
9.2 North America Formulating Grade Propionic Acid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Formulating Grade Propionic Acid Market Size Forecast by Type
9.6.1 Carbonyl Synthesis
9.6.2 Reppe Method
9.6.3 By-product Method
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Formulating Grade Propionic Acid Market Size Forecast by Applications
9.10.1 Feed Preservatives
9.10.2 Food Preservation
9.10.3 Processing Aids for Semiconductor
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Formulating Grade Propionic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Formulating Grade Propionic Acid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Formulating Grade Propionic Acid Market Size Forecast by Type
10.6.1 Carbonyl Synthesis
10.6.2 Reppe Method
10.6.3 By-product Method
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Formulating Grade Propionic Acid Market Size Forecast by Applications
10.10.1 Feed Preservatives
10.10.2 Food Preservation
10.10.3 Processing Aids for Semiconductor
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Formulating Grade Propionic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Formulating Grade Propionic Acid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Formulating Grade Propionic Acid Market Size Forecast by Type
11.6.1 Carbonyl Synthesis
11.6.2 Reppe Method
11.6.3 By-product Method
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Formulating Grade Propionic Acid Market Size Forecast by Applications
11.10.1 Feed Preservatives
11.10.2 Food Preservation
11.10.3 Processing Aids for Semiconductor
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Formulating Grade Propionic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Formulating Grade Propionic Acid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Formulating Grade Propionic Acid Market Size Forecast by Type
12.6.1 Carbonyl Synthesis
12.6.2 Reppe Method
12.6.3 By-product Method
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Formulating Grade Propionic Acid Market Size Forecast by Applications
12.10.1 Feed Preservatives
12.10.2 Food Preservation
12.10.3 Processing Aids for Semiconductor
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Formulating Grade Propionic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Formulating Grade Propionic Acid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Formulating Grade Propionic Acid Market Size Forecast by Type
13.6.1 Carbonyl Synthesis
13.6.2 Reppe Method
13.6.3 By-product Method
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Formulating Grade Propionic Acid Market Size Forecast by Applications
13.10.1 Feed Preservatives
13.10.2 Food Preservation
13.10.3 Processing Aids for Semiconductor
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Formulating Grade Propionic Acid Market: Competitive Dashboard
14.2 Global Formulating Grade Propionic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Dow
14.3.3 Perstorp
14.3.4 Eastman
14.3.5 Sasol
14.3.6 BASF-YPC.Co.,Ltd.
14.3.7 Yancheng Huade
