Propionic Acid
Published on: 2024-01-04 | No of Pages : 137 | Industry : Chemical & Material
Publisher : HNY Research | Format : PDF&Excel
Propionic Acid
The global Propionic Acid market was valued at 721.32 Million USD in 2021 and will grow with a CAGR of 3.02% from 2021 to 2027, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Propionic acid is a tricarboxylic acid with the molecular formula CH3CH2COOH. It is a clear, colorless liquid with a pungent odor. Propionic acid is an ideal preservative, which can inhibit the growth of mold and bacteria. Therefore, propionic acid and its derivatives are widely used as preservatives in feed and food. Today, the increase in consumption of high-quality animal feed has led to an increase in the demand for feed preservatives, which in turn is expected to drive the growth of the propionic acid market. In addition, the product is also used in food and grain preservatives, herbicides and chemical and pharmaceutical industries.The share of major manufacturers in 2019 is more than 85%. In terms of product type and technology, the output of propionic acid produced by Reppe process in 2019 accounts for about 50% of the total global output
By Market Verdors
BASF
Dow
Perstorp
Eastman
Sasol
BASF-YPC.Co.,Ltd.
Yancheng Huade
By Types
Carbonyl Synthesis
Reppe Method
By-product Method
By Applications
Cereals and Feed Preservatives
Calcium and Sodium Salts
Herbicide
Cellulose Acetate Propionate
Key Indicators Analysed
Market Players & Competitor AnalysisThe report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market AnalysisThe report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market TrendsMarket key trends which include Increased Competition and Continuous Innovations.
Opportunities and DriversIdentifying the Growing Demands and New Technology
Porters Five Force AnalysisThe report provides with the state of competition in industry depending on five basic forcesthreat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Propionic acid is a tricarboxylic acid with the molecular formula CH3CH2COOH. It is a clear, colorless liquid with a pungent odor. Propionic acid is an ideal preservative, which can inhibit the growth of mold and bacteria. Therefore, propionic acid and its derivatives are widely used as preservatives in feed and food. Today, the increase in consumption of high-quality animal feed has led to an increase in the demand for feed preservatives, which in turn is expected to drive the growth of the propionic acid market. In addition, the product is also used in food and grain preservatives, herbicides and chemical and pharmaceutical industries.The share of major manufacturers in 2019 is more than 85%. In terms of product type and technology, the output of propionic acid produced by Reppe process in 2019 accounts for about 50% of the total global output
By Market Verdors
BASF
Dow
Perstorp
Eastman
Sasol
BASF-YPC.Co.,Ltd.
Yancheng Huade
By Types
Carbonyl Synthesis
Reppe Method
By-product Method
By Applications
Cereals and Feed Preservatives
Calcium and Sodium Salts
Herbicide
Cellulose Acetate Propionate
Key Indicators Analysed
Market Players & Competitor AnalysisThe report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market AnalysisThe report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market TrendsMarket key trends which include Increased Competition and Continuous Innovations.
Opportunities and DriversIdentifying the Growing Demands and New Technology
Porters Five Force AnalysisThe report provides with the state of competition in industry depending on five basic forcesthreat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements
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