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Propionic Acid Market New Business Opportunities & Investment Research Report 2026

Significant increase in application in the food & beverage industry as a preservative and packaging of ready-to-eat food along with rise in demand for safe animal feed drive the global propionic acid market. However, adverse side effects on human health and concerns regarding usage of herbicides hinder the market growth. On the other hand, application of propionate esters as solvents and propionic acid as antibiotics provide new opportunities in next few years.

According to the report, the global propionic acid industry generated $1.25 billion in 2018, and is estimated to garner $1.6 billion by 2026, witnessing a CAGR of 3.5% from 2019 to 2026.

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The food preservative segment to dominate during the forecast period:
Based on application, the food preservative segment accounted for more than two-fifths of the total share of the global propionic acid market in 2018, and is expected to dominate during the forecast period. This is attributed to preference for ready-to-eat food and demand for propionic acid to reduce spoilage. However, the rubber products segment is expected to maintain the highest CAGR of 5.1% from 2019 to 2026. This is due to surge in usage as intermediate for production of rubber from the automobile industry.

The food & beverage segment to contribute its highest share by 2026:
Based on end-use industry, the food & beverage segment held the largest share of the global propionic acid market, accounting for more than two-fifths of the total share in 2018, and is expected to contribute its highest share throughout the forecast period. This is attributed to application of propionic acid as a food preservative in breads, cheese, cakes, jams, non-alcoholic beverages, jellies, and other processed foods for preventing development of mold and bacteria. However, the agriculture segment is projected to grow at the highest CAGR of 4.4% from 2019 to 2026.

North America to grow the fastest:
Based on region, North America is estimated to portray the largest CAGR of 4.0% from 2019 to 2026, owing to the growth of the agriculture sector and increase in demand for poultry products. However, Europe contributed to the highest market share in 2018, holding nearly two-fifths of the global propionic acid market, and is estimated to maintain its dominance in terms of revenue by 2026. This is due to presence of many producers and suppliers of propionic acid and surge in investments in the food industry.

Leading market players:

  • BASF SE
  • Dow Inc.
  • Eastman Chemical Company
  • Perstorp Holding AB
  • Hawkins, Inc.
  • Corbion N.V.
  • Otto Chemie Pvt. Ltd.
  • Merck KGaA
  • Oman Oil Company SAOC
  • Celanese Corporation

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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:

Daicel
BASF
Biomin Holdings Gmbh
Perstorp Holding
Sasol
Dow
Macco Organiques
Eastman
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
Herbicides

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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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