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Global Propionic Acid Market by Application (Herbicides, Rubber Products, Plasticizers, Food Preservative and Others) and End-User Industry (Pharmaceuticals, Personal Care, Food & Beverage, Agriculture, and Others). Regional Forecasting 2020-2027

  • BIZ4192997
  • 200 Pages
  • February 2021
  • Materials and Chemicals
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Global Propionic Acid Market was valued at USD 1.2 Billion in 2019 and expected to grow with a CAGR 3.5% over the forecast period 2020-2027. Propionic acid occurs from carboxylic acid with chemical formula CH₃CH₂CO₂H. It is a liquid with a strong and unpleasant smell similar to body odor. Propionic acid prevents fungus and various bacteria and it is used as preservative of food (especially calcium salts, bread and other baked goods as its sodium), grains and animal feed (directly or as its ammonium salt) and storage areas. Moreover, it is a preservative and it is used in several production processes. However, it is not safe for human bodies if it gets into a person's eyes, it can lead to severe irritation and possibly blindness and also cause burn and pain. Increase in demand for safe animal feed and increased application in the food & beverage industry are key driver of the global propionic acid market. For instance, as per Statista, the value of the global feed additives for the livestock segment was projected to amount USD 26.6 billion in 2019. Furthermore, demand for cap from the down-stream industry also drive the market demand of propionic acid. Despite that, Detrimental Effects of Propionic Acids on Human Health and Environmental Concerns Regarding Use of Pesticides restrain market growth over the forecasting period 2020-2027.

The regional analysis of the Propionic Acid Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, Europe is dominating the market owing to ongoing investments in the food industry and presence of many manufacturers and suppliers of propionic acid in the region. However, APAC is expected fasted market growth owing to growing animal feed industry and food & beverages industries.

Key Players in Global Propionic Acid Market

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

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

Herbicides

Rubber Products

Plasticizers

Food Preservatives

Others

By End User Industry:

Pharmaceuticals

Personal Care

Food & Beverage

Agriculture

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

Asia Pacific

China

India

Japan

Australia

Latin America

Brazil

Mexico

Rest of LA

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027

Target Audience of Global Propionic Acid Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. Propionic Acid Market, by Application, 2018-2027 (USD Billion)

1.2.2. Propionic Acid Market, by End User Industry, 2018-2027 (USD Billion

1.2.3. Propionic Acid Market, By Region, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Propionic Acid Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Propionic Acid Market Dynamics

3.1. Propionic Acid Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.2. Market Challenges

3.1.3. Market Opportunities

Chapter 4. Global Propionic Acid Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economic

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.1. Global Propionic Acid Market, by Application

4.2. Market Snapshot

4.3. Global Propionic Acid Market by Source, Performance - Potential Analysis

4.4. Global Propionic Acid Market Estimates & Forecasts by Application 2018-2027 (USD Billion)

4.5. Propionic Acid Market, Sub Segment Analysis

4.5.1. Herbicides

4.5.2. Rubber Products

4.5.3. Plasticizers

4.5.4. Food Preservatives

4.5.5. Others

Chapter 5. Global Propionic Acid Market, by End User Industry

5.1. Market Snapshot

5.2. Global Propionic Acid Market by Source, Performance - Potential Analysis

5.3. Global Propionic Acid Market Estimates & Forecasts by End Users Industry 2018-2027 (USD Billion)

5.4. Propionic Acid Market, Sub Segment Analysis

5.4.1. Pharmaceuticals

5.4.2. Personal Care

5.4.3. Food & Beverage

5.4.4. Agriculture

5.4.5. Others

Chapter 6. Global Propionic Acid Market, Regional Analysis

6.1. Propionic Acid Market, Regional Market Snapshot

6.2. North America Propionic Acid Market

6.2.1. U.S. Propionic Acid Market

6.2.1.1. Application breakdown estimates & forecasts, 2018-2027

6.2.1.2. End User Industry breakdown estimates & forecasts, 2018-2027

6.2.2. Canada Propionic Acid Market

6.3. Europe Propionic Acid Market Snapshot

6.3.1. U.K. Propionic Acid Market

6.3.2. Germany Propionic Acid Market

6.3.3. France Propionic Acid Market

6.3.4. Spain Propionic Acid Market

6.3.5. Italy Propionic Acid Market

6.3.6. Rest of Europe Propionic Acid Market

6.4. Asia-Pacific Propionic Acid Market Snapshot

6.4.1. China Propionic Acid Market

6.4.2. India Propionic Acid Market

6.4.3. Japan Propionic Acid Market

6.4.4. Australia Propionic Acid Market

6.5. Latin America Propionic Acid Market Snapshot

6.6. Rest of The World Propionic Acid Market

Chapter 7. Competitive Intelligence

7.1. Top Market Strategies

7.2. Company Profile

7.2.1. BASF SE

7.2.1.1. Key Information

7.2.1.2. Overview

7.2.1.3. Financial (Subject to Data Availability)

7.2.1.4. Product Summary

7.2.1.5. Recent Developments

7.2.2. Dow Inc.

7.2.3. Eastman Chemical Company

7.2.4. Perstorp Holding AB

7.2.5. Hawkins, Inc.

7.2.6. CORBION N.V.

7.2.7. Otto Chemie Pvt. Ltd.

7.2.8. Merck KGaA

7.2.9. Oman Oil Company SAOC.

7.2.10. Celanese Corporation

Chapter 8. Research Process

8.1. Research Process

8.1.1. Data Mining

8.1.2. Analysis

8.1.3. Market Estimation

8.1.4. Validation

8.1.5. Publishing

8.2. Research Attributes

8.3. Research Assumption

List of Tables

TABLE 1. Global Propionic Acid Market, report scope

TABLE 2. Global Propionic Acid Market estimates & forecasts by region 2018-2027 (USD Billion)

TABLE 3. Global Propionic Acid Market estimates & forecasts by Application, 2018-2027 (USD Billion)

TABLE 4. Global Propionic Acid Market estimates & forecasts by End User Industry, 2018-2027 (USD Billion)

TABLE 5. Global Propionic Acid Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 6. Global Propionic Acid Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 7. Global Propionic Acid Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global Propionic Acid Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Propionic Acid Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Propionic Acid Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Propionic Acid Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Propionic Acid Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Propionic Acid Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Propionic Acid Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Propionic Acid Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Propionic Acid Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Propionic Acid Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global Propionic Acid Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Global Propionic Acid Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Global Propionic Acid Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. U.S. Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. U.S. Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 23. U.S. Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 24. Canada Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 25. Canada Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. Canada Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 27. UK Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 28. UK Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. UK Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 30. Germany Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 31. Germany Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 32. Germany Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 33. France Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 34. France Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 35. France Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 36. Spain Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 37. Spain Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 38. Spain Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 39. Italy Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 40. Italy Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 41. Italy Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 42. China Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 43. China Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 44. China Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 45. India Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 46. India Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 47. India Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 48. Japan Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 49. Japan Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 50. Japan Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 51. Australia Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 52. Australia Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 53. Latin America Propionic Acid Market estimate & forecasts, 2018-2027 (USD Billion)

TABLE 54. ROW Propionic Acid Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 55. ROW Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 56. ROW Propionic Acid Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 57. List of secondary sources, used in the study of global Propionic Acid Market

TABLE 58. List of primary sources, used in the study of global Propionic Acid Market

TABLE 59. Years considered for the study

TABLE 60. Exchange rates considered

 
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