The global propionic acid market has seen a potential growth over the past few years and it has been analyzed that during the forecast period the global market will grow on a rapid pace. Rising demand of preservative food is one of the major growth factor of global propionic acid market. Increasing usage of propionic acid in the application areas such as preservative, animal feed, flavoring agent, pharmaceuticals, others has increase the demand of propionic acid. Propionic acid helps in preventing the food from getting fungal and bacterial infection also it is widely used in animal feeding and in flavoring agents.
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Key Players of Propionic Acid Market:
- Dow Chemicals
- Eastman Chemical Company
- Daicel Corporation
- Addcon Group
- Perstorp Holding
- Biomin Holdings
- Niacet Corporation
- Krishna Chemicals
As per MRFR analysis, the global propionic acid market has been segmented into applications and regions. On the basis of applications, the global propionic acid market is segmented into preservative, animal feed, flavoring agent, pharmaceuticals, others.
Study Objectives of Propionic Acid Market:
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Global Propionic Acid Market.
- To provide insights about factors affecting the market growth
- To Analyse the Global Propionic Acid Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country-level analysis of the market with respect to the current market size and future prospective.
- To provide country-level analysis of the market for segment by applications.
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Propionic Acid Market.
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