Global propionic acid market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for propionic acid in various applications such as grain and feed preservatives, calcium and sodium salts, herbicides, cellulose acetate propionate etc Propionic acid is also used as an intermediate in the production of other chemicals such as acetic anhydride and butyric acid which are used in various industries such as food & beverage industry, pharmaceuticals industry etc . The global propionic acid market has been segmented on the basis of type into oxo process, Reppe process and Bproduct process; on the basis of application into grain and feed preservatives, calcium and sodium salts, herbicides; on the basis of region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) & Middle East & Africa (MEA).
- Propionic acid is a chemical compound that is used in the production of polyurethane, which is a type of plastic.
- The global propionic acid market has been witnessing an increase in demand for polyurethane due to its low cost and high durability.
- The global propionic acid market has also been witnessing an increase in demand for polyurethane due to its low cost and high durability as well as the increasing use of plastics in various industries such as construction, automotive, packaging, and others.
- Increasing population coupled with rising disposable income have led to increased consumption levels across all regions.
Industry Growth Insights published a new data on “Propionic Acid Market”. The research report is titled “Propionic Acid Market research by Types (Oxo process, Reppe process, By-product process), By Applications (Grain and feed preservatives, Calcium and sodium salts, Herbicides, Cellulose acetate propionate, Others), By Players/Companies BASF, Dow, Perstorp, Eastman, Daicel, Sasol, BASF-YPC, SINOPEC Qilu, Yancheng Huade, Yancheng Hongtai, Shanghai Jianbei”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Propionic Acid Market Research Report
By Type
Oxo process, Reppe process, By-product process
By Application
Grain and feed preservatives, Calcium and sodium salts, Herbicides, Cellulose acetate propionate, Others
By Companies
BASF, Dow, Perstorp, Eastman, Daicel, Sasol, BASF-YPC, SINOPEC Qilu, Yancheng Huade, Yancheng Hongtai, Shanghai Jianbei
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Propionic Acid Market Report Segments:
The global Propionic Acid market is segmented on the basis of:
Types
Oxo process, Reppe process, By-product process
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
Grain and feed preservatives, Calcium and sodium salts, Herbicides, 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
- Daicel
- Sasol
- BASF-YPC
- SINOPEC Qilu
- Yancheng Huade
- Yancheng Hongtai
- Shanghai Jianbei
Highlights of The 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:
- Oxo process
- Reppe process
- By-product process
- By Application:
- Grain and feed preservatives
- Calcium and sodium salts
- Herbicides
- 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 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 molecule that is found in many foods. It can be found in dairy products, meat, and vegetables. Propionic acid can also be produced by the body when it breaks down carbohydrates or proteins.
Some of the major companies in the propionic acid market are BASF, Dow, Perstorp, Eastman, Daicel, Sasol, BASF-YPC, SINOPEC Qilu, Yancheng Huade, Yancheng Hongtai, Shanghai Jianbei.
The propionic acid market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Propionic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Propionic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Propionic Acid Market - Supply Chain
4.5. Global Propionic Acid Market Forecast
4.5.1. Propionic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Propionic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Propionic Acid Market Absolute $ Opportunity
5. Global Propionic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Propionic Acid Market Size and Volume Forecast by Type
5.3.1. Oxo process
5.3.2. Reppe process
5.3.3. By-product process
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Propionic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Propionic Acid Market Size and Volume Forecast by Application
6.3.1. Grain and feed preservatives
6.3.2. Calcium and sodium salts
6.3.3. Herbicides
6.3.4. Cellulose acetate propionate
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Propionic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Propionic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Propionic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Propionic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Propionic Acid Demand Share Forecast, 2019-2026
9. North America Propionic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Propionic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Propionic Acid Market Size and Volume Forecast by Application
9.4.1. Grain and feed preservatives
9.4.2. Calcium and sodium salts
9.4.3. Herbicides
9.4.4. Cellulose acetate propionate
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Propionic Acid Market Size and Volume Forecast by Type
9.7.1. Oxo process
9.7.2. Reppe process
9.7.3. By-product process
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Propionic Acid Demand Share Forecast, 2019-2026
10. Latin America Propionic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Propionic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Propionic Acid Market Size and Volume Forecast by Application
10.4.1. Grain and feed preservatives
10.4.2. Calcium and sodium salts
10.4.3. Herbicides
10.4.4. Cellulose acetate propionate
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Propionic Acid Market Size and Volume Forecast by Type
10.7.1. Oxo process
10.7.2. Reppe process
10.7.3. By-product process
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Propionic Acid Demand Share Forecast, 2019-2026
11. Europe Propionic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Propionic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Propionic Acid Market Size and Volume Forecast by Application
11.4.1. Grain and feed preservatives
11.4.2. Calcium and sodium salts
11.4.3. Herbicides
11.4.4. Cellulose acetate propionate
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Propionic Acid Market Size and Volume Forecast by Type
11.7.1. Oxo process
11.7.2. Reppe process
11.7.3. By-product process
11.8. Basis Poit Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Propionic Acid Demand Share, 2019-2026
12. Asia Pacific Propionic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Propionic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Propionic Acid Market Size and Volume Forecast by Application
12.4.1. Grain and feed preservatives
12.4.2. Calcium and sodium salts
12.4.3. Herbicides
12.4.4. Cellulose acetate propionate
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Propionic Acid Market Size and Volume Forecast by Type
12.7.1. Oxo process
12.7.2. Reppe process
12.7.3. By-product process
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Propionic Acid Demand Share, 2019-2026
13. Middle East & Africa Propionic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Propionic Acid Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Propionic Acid Market Size and Volume Forecast by Application
13.4.1. Grain and feed preservatives
13.4.2. Calcium and sodium salts
13.4.3. Herbicides
13.4.4. Cellulose acetate propionate
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Propionic Acid Market Size and Volume Forecast by Type
13.7.1. Oxo process
13.7.2. Reppe process
13.7.3. By-product process
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Propionic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Propionic Acid Market: Market Share Analysis
14.2. Propionic Acid Distributors and Customers
14.3. Propionic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dow
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Perstorp
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eastman
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Daicel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sasol
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BASF-YPC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SINOPEC Qilu
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yancheng Huade
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yancheng Hongtai
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai Jianbei
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook