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Propionic Acid Market Global Analysis and Latest Study Report 2016 – 2026

The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.

They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic.

Propionic acid is a colorless liquid with pungent smell. It is miscible with water and few organic solvents and is also known by synonyms like carboxylic acid, carboxyethane, ethanecarboxylic acid, ethylformic acid, etc. Propionic acid is a naturally occurring substance which is available in the form of esters in essential oils. Key raw materials used for the production of propionic acid are carbon monoxide and ethylene.

Propionic acid is used as a versatile preservative for human food and animal feed. It also serves as a synthetic intermediate to produce pharmaceuticals, crop protection agents and solvents. Moreover, propionic acid is used to manufacture esters, vitamin E and also as a flavoring agent in food products. In the manufacture of cellulose acetate propionate (CAP), a thermoplastic, propionic acid is utilized as an intermediate. Growth trends of food, feed, and pharmaceutical industries are expected to remain key factors affecting the market growth of propionic acid and the global market is expected to increase at a moderate CAGR over the forecast period 2016-2016.

Market Dynamics

The increasing application of propionic acid as a food & an animal feed preservative is expected to be a key factor driving the growth of the propionic acid market globally. Consumption of propionic acid in herbicides and in the manufacture of cellulose acetate propionate is also expected to be significant through 2026.

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Ever increasing global food demand, coupled with the rising need for hygienic food products, drives the demand for food preservation which, in turn, is expected to boost the global propionic acid market for its use as mold inhibitors in food products. Due to changing lifestyle, consumption of packaged food, which requires the use of preservatives, has significantly increased over the past few years and is expected to fuel the demand for propionic acid across the globe.

The macroeconomic growth of the agricultural industry is further expected to push the demand for propionic acid globally. Propionic acid is used to control the growth of molds on crops and also protects various agriculture products from bacteria. A significant amount of propionic acid is consumed globally to manufacture cellulose acetate propionate (CAP). Moderately growing downstream consumption of CAP is expected to facilitate the growth of the global propionic acid market, though at a modest CAGR, over the forecast period.

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Human exposure of propionic acid, either through skin, eye, ingestion, and inhalation, may be dangerous and special care is required while treating and transporting the same.

Market Segmentation

Some of the many ways by which global propionic acid market can be segmented are on the basis of application, end user industries, and region. On the basis of application, the market segments as the following:

  • Animal feed & food preservatives
  • Calcium and sodium Salts
  • Cellulose acetate propionate
  • Herbicides
  • Others (Flavors, fragrances, etc.)

On the basis of the end user industries, global propionic acid market segments as the following:

  • Agriculture
  • Food and Beverage
  • Personal Care
  • Chemical
  • Pharmaceutical

Regional Outlook

Due to growing population and food & feed production, market outlook for Asia-Pacific is expected to remain fairly positive over the coming years. In North America and Western Europe, the propionic acid market is expected to increase at moderate CAGR. USA and Western Europe are estimated to stand among key suppliers of propionic acid. USA was a net exporter of propionic acid and its salts & esters in 2015. China and India accounted for significant shares in the overall Asia Pacific market demand and major demand was met was imports in 2015.

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Key Players

Some of the key players identified across the value chain of global propionic acid market include

  • The Dow Chemical Company
  • Eastman Chemical Company
  • The Perstorp Group
  • Hawkins
  • Macco Organiques Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.


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Global Propionic Acid Market Year: 2020-2026 Forecasts and its Details Analysis With Regional Overview.

Global Propionic Acid Market Report describes the basic elements of the industry and market stats, the recent advances in technology, business plans, policies, possibilities for development and risks to the sector are being described. The two key segments of the report, namely market revenue in (USD Million) and market size (k MT) are presented in this report. The Scope of Propionic Acid industry, market concentration and presence across various region are described in detail.

The prominent Propionic Acid industry players are covered in the next section, their business profiles, product information, and market size. Also, the SWOT analysis of these players, business plans & strategies are covered. It covers the product definition, classification, type and price structures.

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Major players covered in this report:

Biomin Holdings Gmbh
Perstorp Holding
Macco Organiques
Krishna Chemicals
A.M. Food Chemical

Market Segmentation:

By Type:

Oxo Process
Reppe Process
By-product Process

By Application:

Animal Feed and Grain Preservatives
Food Preservative

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In this report Propionic Acid manufacturing value and growth rate from 2015-2019 will be provided at regional level. The nitty gritty evaluation of segments and sub-segments of emerging industries are clerified. It covers Propionic Acid industry plans & policies, financial status, cost structures and analyzes of the value chain. The Propionic Acid competitive perspective of the countryside, the production base, the evaluation of the production method and the upstream raw materials are assessed.

The gross margin, consumption pattern, growth rate of Propionic Acid is studied precisely. The top industry players are covered on a regional level and country level with the analysis of their revenue share from 2015-2019. Furthermore, forecast Propionic Acid industry status is determined by analysis of expected market share, volume, value and development rate. The forecast Propionic Acid industry view is presented from 2020-2026.

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Table of Contents:

Global Propionic Acid Market Size, Status and Forecast 2026

1 Propionic Acid Industry Overview

2 Propionic Acid Competition Analysis by Players

3 Company (Top Players) Profiles

4 Global Propionic Acid Market Size by Type and Application (2015-2019)

5 United States Propionic Acid Development Status and Outlook

6 EU Propionic Acid Development Status and Outlook

7 Japan Propionic Acid Development Status and Outlook

8 Propionic Acid Manufacturing Cost Analysis

9 India Propionic Acid Development Status and Outlook

10 Southeast Asia Propionic Acid Development Status and Outlook

11 Market Forecast by Regions, Type and Application (2020-2026)

12 Propionic Acid Market Dynamics

12.1 Propionic Acid Industry News

12.2 Propionic Acid Industry Development Challenges

12.3 Propionic Acid Industry Development Opportunities (2020-2026)

13 Market Effect Factors Analysis

14 Global Propionic Acid Market Forecast (2020-2026)

15 Research Finding/Conclusion

16 Appendix

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