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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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Propionic Acid Market 2020-2027: Consumption Growth Rate, Market Drivers and Opportunities | Dow, BASF SE, Hawkins Inc., Eastman Chemical Company, etc

Propionic Acid Market Overview:

Reports and Data has recently published a new research study titled Global Propionic Acid Market that offers accurate insights for the Propionic Acid market formulated with extensive research. The report explores the shifting focus observed in the market to offer the readers data and enable them to capitalize on market development. The report explores the essential industry data and generates a comprehensive document covering key geographies, technology developments, product types, applications, business verticals, sales network and distribution channels, and other key segments.

Propionic Acid Market Size – USD 1.00 Billion in 2018, Market Growth – CAGR of 6.5%, Market Trends – The rising demand for Propionic Acid in the pharmaceutical sector

The report is further furnished with the latest market changes and trends owing to the global COVID-19 crisis. The report explores the impact of the crisis on the market and offers a comprehensive overview of the segments and sub-segments affected by the crisis. The study covers the present and future impact of the pandemic on the overall growth of the industry.

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Competitive Landscape:

The global Propionic Acid market is consolidated owing to the existence of domestic and international manufacturers and vendors in the market. The prominent players of the key geographies are undertaking several business initiatives to gain a robust footing in the industry. These strategies include mergers and acquisitions, product launches, joint ventures, collaborations, partnerships, agreements, and government deals. These strategies assist them in carrying out product developments and technological advancements.

The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:

Dow, BASF SE, Hawkins Inc., Eastman Chemical Company, Perstorp, Yancheng Huade Biological Engineering Co. Ltd, Sasol, DAICEL CORPORATION, Shanghai Jianbei Organic Chemical Co. Ltd and Celanese Corporation.

An extensive analysis of the market dynamics, including a study of drivers, constraints, opportunities, risks, limitations, and threats have been studied in the report. The report offers region-centric data and analysis of the micro and macro-economic factors affecting the growth of the overall Propionic Acid market. The report offers a comprehensive assessment of the growth prospects, market trends, revenue generation, product launches, and other strategic business initiatives to assist the readers in formulating smart investment and business strategies.

To read more about the report, visit @ https://www.reportsanddata.com/report-detail/propionic-acid-market

Manufacturing Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

  • Hydrocarboxylation of ethylene
  • Oxidation of propionaldehyde

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

  • Animal Feed and Food Preservatives
  • Herbicides
  • Cellulose Acetate Propionate
  • Calcium, Ammonium, and Sodium Salts
  • Plasticizers
  • Others

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

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

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Key Coverage in the Propionic Acid Market Report:

  • Detailed analysis of Global Propionic Acid Market by a thorough assessment of the technology, product type, application, and other key segments of the report
  • Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period of 2020-2027
  • Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
  • Comprehensive analysis of the regions of the Propionic Acid industry and their futuristic growth outlook
  • Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies

Thank you for reading our report. Please get in touch with us if you have any queries regarding the report or its customization. Our team will make sure the report is tailored to meet your requirements.

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Propionic Acid Market 2020 | In-Depth Study On The Current State Of The Industry And Key Insights Of The Business Scenario By 2027

The market research report on the Global Propionic Acid Market has been formulated through a series of extensive primary and secondary research approaches. The data is further verified and validated by industry experts and professionals. The forecast for 2020-2027 has been covered in the report and offers an extensive historical analysis for the key segments of the Propionic Acid market. The well-formulated research report aims to provide the readers with a better understanding of the industry and help them formulate strategic investment plans. The report also evaluates the market dynamics, including drivers, restraints, opportunities, threats, challenges, and other key segments.

Moreover, the report provides a comprehensive analysis of the impact of the currently ongoing COVID-19 pandemic on the growth and landscape of the market. The report estimates the current and future impact of the pandemic on the industry and provides a futurist outlook of the market growth in the post-COVID-19 scenario.

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The report offers updated financial information of the key competitors to offer accurate market insights and offers strategic recommendations. The study covers critical market trends along with an extensive analysis of emerging trends. The report covers a detailed examination of the market scenarios and trends on a regional and global level. The study covers the current competitive scenario with a special emphasis on the strategic initiatives taken by the prominent players of the industry.

The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:

BrunoBock
Santa Cruz Biotechnology
Hubei Dechao Chemical
Shandong Xinchang Chemical Technology
Parchem

The global Propionic Acid market offers a comprehensive analysis of the regional segmentation, expected growth rate of each geographical region, micro and macro-economic factors, upstream and downstream industries, regulatory framework, growth trends, and shift in consumer preferences.

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In market segmentation by types of Propionic Acid, the report covers-

Purity Above 99%
Purity Less than 99%

In market segmentation by applications of the Propionic Acid, the report covers the following uses-

Pharmaceuticals
Chemicals
Polymer and Plastics
Others

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Propionic Acid

The report also offers statistical analysis by utilizing tools such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis. Moreover, the report offers strategic recommendations and insights into entry barriers and investment plans for the new entrants.

Strategic alliances such as collaborations, partnerships, agreements, mergers and acquisitions, joint ventures, and product launches are assessed and scrutinized in the report. It offers an in-depth analysis of the major drivers, restraints, opportunities, challenges, and growth prospects affecting the overall market and provides an accurate estimate and forecast of the revenue. The key regions covered by the report include North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.

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Trending News: Propionic Acid Market Analysis Examined in New Market Research Report with Focusing Key Players | BASF, Dow, Eastman

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The report attempts to offer high-quality and accurate analysis of the global Propionic Acid Market, keeping in view market forecasts, competitive intelligence, and technological risks and advancements, and other important subjects. Its carefully crafted market intelligence allows market participants to understand the most significant developments in the global Propionic Acid market that are impacting their business. Readers can become aware of crucial opportunities available in the global Propionic Acid market as well as key factors driving and arresting market growth. The research study also provides deep geographical analysis of the global Propionic Acid market and sheds light on important applications and products that market players can focus on for achieving strong growth.

Major players profiled in the report:

BASF
Dow
Eastman
Perstorp Holding
Sasol
Daicel
A.M. Food Chemical
Biomin Holdings Gmbh
Krishna Chemicals
Macco Organiques
Sinopec Qilu Co Ltd
Yancheng Huade
Shanghai Jianbei

To know How COVID-19 Pandemic Will Impact Propionic Acid Market/Industry -Request sample copy of this report:
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You can thoroughly assess the strengths and weaknesses of your competitors using our competitive analysis. In the report, you also have access to comprehensive production and shipment analysis from point of origin to end user purchase. Furthermore, you are informed about latest industry developments to help you stay ahead of your competitors. Our analysts are always on their toes to continuously track and analyze any changes or developments in the Propionic Acid industry. The report is filled with statistical presentations, market figures related to revenue, volume, CAGR, and share, and global and regional market forecasts.

The report includes a detailed segmentation study of the global Propionic Acid market, where all of the segments are analyzed in terms of market growth, share, growth rate, and other vital factors. It also provides the attractiveness index of segments so that players can be informed about lucrative revenue pockets of the global Propionic Acid market. The extensive evaluation of segments provided in the report will help you to direct your investments, strategies, and teams to focus on the right areas of the global Propionic Acid market.

Segmentation by Type:

Oxo Process
Reppe Process

Segmentation by Application:

Animal Feed & Grain Preservatives
Food Preservative
Herbicides
Cellulose Acetate Propionate (CAP)
Others

Key questions answered in this research study

  • Who are the top players in the value stream of the global Propionic Acid market? What are the factors pushing their market growth?
  • Who are the movers and shakers in the Propionic Acid industry?
  • How is the global Propionic Acid market poised to show growth during the forecast period?
  • What is the current market scenario?
  • Which segment will achieve the highest growth in the global Propionic Acid market?

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Take a look at some of the important sections of the report

Market Overview:Readers are informed about the scope of the global Propionic Acid market and different products offered therein. The section also gives a glimpse of all of the segments studied in the report with their consumption and production growth rate comparisons. In addition, it provides statistics related to market size, revenue, and production.

Production Market Share by Region:Apart from the production share of regional markets analyzed in the report, readers are informed about their gross margin, price, revenue, and production growth rate here.

Company Profiles and Key Figures: In this section, the authors of the report include the company profiling of leading players operating in the global Propionic Acid market. There are various factors considered for assessing the players studied in the report: markets served, production sites, price, gross margin, revenue, production, product application, product specification, and product introduction.

Manufacturing Cost Analysis:Here, readers are provided with detailed manufacturing process analysis, industrial chain analysis, manufacturing cost structure analysis, and raw materials analysis. Under raw materials analysis, the report includes details about key suppliers of raw materials, price trend of raw materials, and important raw materials.

Market Dynamics:The analysts explore critical influence factors, market drivers, challenges, risk factors, opportunities, and market trends in this section.

We follow industry-best practices and primary and secondary research methodologies to prepare our market research publications. Our analysts take references from company websites, government documents, press releases, and financial reports and conduct face-to-face or telephonic interviews with industry experts for collecting information and data. There is one complete section of the report dedicated for authors list, data sources, methodology/research approach, and publisher’s disclaimer. Then there is another section that includes research findings and conclusion.

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