Market Overview:
The global high purity propionic acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for propionic acid from various applications such as cereals and feed preservatives, calcium and sodium salts, herbicide, cellulose acetate propionate and others. In addition, the growing demand for high purity propionic acid from emerging countries such as China and India is also contributing to the growth of this market.
Product Definition:
High purity propionic acid is a colorless liquid with a pungent odor. It is used as an antimicrobial agent and preservative in food and beverages. It is also used in the production of plastics, pharmaceuticals, and other chemicals.
Carbonyl Synthesis:
Carbonyl synthesis is the process of making carbonyl compounds. It's a key step in producing propionic acid which has many industrial applications. Propionic acid is an important chemical building block for manufacturing various chemicals such as herbicides, pesticides, and antibiotics. The global demand for these products is expected to grow over the forecast period owing to increasing population and rising health awareness among consumers across the world especially in emerging economies like India China Japan Brazil etc.
Reppe Method:
The Reppe method is a continuous process used for the production of propionic acid. It involves the conversion of propionate into carbon dioxide and water, which are later captured in a gas phase reaction vessel. The by-product produced in this process is pure carbon dioxide with very low levels of impurities such as oxygen, nitrogen oxides and other compounds.
Application Insights:
High purity propionic acid is used in the production of cereals and feed preservatives, calcium and sodium salts, herbicides, cellulose acetatepropionate (CAP), polyglycolic acid (PGA) and other products. The major application segments of these chemicals are agriculture-based industries. In terms of revenue, CAP emerged as the leading application segment with a share of over 30% in 2017. Propionic acid is used for modification purposes in order to enhance properties such as water resistance or durability. It also finds applications as by-product material during the manufacturing process of various chemical compounds including herbicides and pesticides among others.
Regional Analysis:
Europe accounted for the largest share of over 35.0% in 2017 owing to stringent regulations regarding propionic acid usage and manufacturing practices in the region. The European Commission has strict guidelines on propionic acid production, which is expected to act as a restraint for market growth over the forecast period. Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 due to increasing product demand from countries such as China, India, Japan and South Korea coupled with rising awareness about its health benefits among consumers including infants and children below 12 years of age group.
China was one of the largest producers and consumers across this region owing high agricultural productivity along with large livestock population in this country that resulted into increased demand for feed additives such as propionic acid across various applications including food preservatives, antibiotics etc.
Growth Factors:
- Increasing demand for propionic acid in food and beverage industry as a preservative to increase the shelf life of products.
- Growing demand for propionic acid in pharmaceuticals and personal care products as an antimicrobial agent and preservative.
- Rising demand from the textile industry for use in dyeing, printing, and finishing processes.
- Increasing application of propionic acid in agriculture as a crop protectant against fungal infections and pests 5 Growing popularity of bio-based propionic acid derivatives as an environmentally friendly alternative to petrochemical-based products
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Propionic Acid Market Research Report
By Type
Carbonyl Synthesis, Reppe Method, By-product Method
By Application
Cereals and Feed Preservatives, Calcium and Sodium Salts, Herbicide, Cellulose Acetate Propionate, Others
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Propionic Acid Market Report Segments:
The global High Purity 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
Cereals and Feed Preservatives, Calcium and Sodium Salts, Herbicide, Cellulose Acetate Propionate, Others
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 High Purity 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:
- Cereals and Feed Preservatives
- Calcium and Sodium Salts
- Herbicide
- Cellulose Acetate Propionate
- Others
- 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 High Purity 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
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- Consumer Insights
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- 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?
Propionic acid is a type of organic acid that is derived from propionate, which is the simplest form of propionate. Propionic acid has a sour taste and can be used in food production or as an industrial chemical.
Some of the major players in the high purity propionic acid market are BASF, Dow, Perstorp, Eastman, Sasol, BASF-YPC.Co.,Ltd., Yancheng Huade.
The high purity propionic acid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity 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 High Purity Propionic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity 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 High Purity 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 High Purity Propionic Acid Market Size & Forecast, 2018-2028
4.5.1 High Purity Propionic Acid Market Size and Y-o-Y Growth
4.5.2 High Purity Propionic Acid Market Absolute $ Opportunity
Chapter 5 Global High Purity 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 High Purity 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 High Purity 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 High Purity Propionic Acid Market Size Forecast by Applications
6.2.1 Cereals and Feed Preservatives
6.2.2 Calcium and Sodium Salts
6.2.3 Herbicide
6.2.4 Cellulose Acetate Propionate
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity 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 High Purity 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 High Purity Propionic Acid Analysis and Forecast
9.1 Introduction
9.2 North America High Purity 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 High Purity 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 High Purity Propionic Acid Market Size Forecast by Applications
9.10.1 Cereals and Feed Preservatives
9.10.2 Calcium and Sodium Salts
9.10.3 Herbicide
9.10.4 Cellulose Acetate Propionate
9.10.5 Others
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 High Purity Propionic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity 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 High Purity 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 High Purity Propionic Acid Market Size Forecast by Applications
10.10.1 Cereals and Feed Preservatives
10.10.2 Calcium and Sodium Salts
10.10.3 Herbicide
10.10.4 Cellulose Acetate Propionate
10.10.5 Others
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 High Purity Propionic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity 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 High Purity 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 High Purity Propionic Acid Market Size Forecast by Applications
11.10.1 Cereals and Feed Preservatives
11.10.2 Calcium and Sodium Salts
11.10.3 Herbicide
11.10.4 Cellulose Acetate Propionate
11.10.5 Others
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 High Purity Propionic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity 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 High Purity 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 High Purity Propionic Acid Market Size Forecast by Applications
12.10.1 Cereals and Feed Preservatives
12.10.2 Calcium and Sodium Salts
12.10.3 Herbicide
12.10.4 Cellulose Acetate Propionate
12.10.5 Others
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) High Purity Propionic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity 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) High Purity 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) High Purity Propionic Acid Market Size Forecast by Applications
13.10.1 Cereals and Feed Preservatives
13.10.2 Calcium and Sodium Salts
13.10.3 Herbicide
13.10.4 Cellulose Acetate Propionate
13.10.5 Others
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 High Purity Propionic Acid Market: Competitive Dashboard
14.2 Global High Purity 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
