Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Propionic Acid 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Propionic Acid 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 208707 3300 Chemical & Material 377 243 Pages 4.8 (33)
                                          

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).

  1. Propionic acid is a chemical compound that is used in the production of polyurethane, which is a type of plastic.
  2. The global propionic acid market has been witnessing an increase in demand for polyurethane due to its low cost and high durability.
  3. 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.
  4. 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 Industry Outlook


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:

  1. BASF
  2. Dow
  3. Perstorp
  4. Eastman
  5. Daicel
  6. Sasol
  7. BASF-YPC
  8. SINOPEC Qilu
  9. Yancheng Huade
  10. Yancheng Hongtai
  11. Shanghai Jianbei

Global Propionic Acid Market Overview


Highlights of The Propionic Acid Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Oxo process
    2. Reppe process
    3. By-product process
  1. By Application:

    1. Grain and feed preservatives
    2. Calcium and sodium salts
    3. Herbicides
    4. Cellulose acetate propionate
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Propionic Acid Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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