Propionic Acid Market Overview:
Propionic Acid Market include increase in consumption of herbicides in agriculture, which is likely to drive the market demand. The production of cellulose acetate propionate (CAP) is the underlying driver of the global market. It is highly used in applications requiring low odor, clarity, fast solvent release, anti-blocking and good adhesion to a variety of substrates. This growth is attributed to increasing demand for high-quality feed products and animal nutrition. Furthermore, the increasing demand for packaged food products coupled with high disposable income is the major driver of the market growth.
Propionic Acid Market is spanned across the five regions of Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Europe is the leading region in the global propionic acid market on account of the favouring regulations and growth for animal feedstock.
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Propionic Acid Market Key Players:
- BASF SE (Germany)
- DowDuPont (U.S.)
- Perstorp Orgnr (Sweden)
- Eastman Chemical Company (U.S.)
- Macco Organiques Inc. (Canada)
- BIOMIN Holding GmbH (Austria)
- Krishna Chemicals (India)
- A.M. Food Chemical Co., Ltd. (China)
- Merck KGaA (Germany)
- OXEA GmbH (Germany)
Propionic Acid Market Regional Analysis:
Propionic Acid Market is segmented across the five regions of Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Europe is the largest region in the global propionic acid market in terms of revenue due to the favourable government regulations, and high growth rate for food preservatives & animal feed markets. The EU hygiene directive for maintaining the quality and hygiene of feed-mix products has propelled the market growth in the region. North America is another substantial region in the global propionic acid market owing to the growing food & beverage industry in this region.
Asia Pacific is the fastest emerging region due to the high demand for animal feedstock in this region. The presence of major agricultural countries such as China, India, and South Korea has further augmented the product demand as a chemical herbicide. Moreover, the changing consumption pattern along with the high disposable income is likely to surge the market demand in food preservation in coming years.
Propionic Acid Market Segmental Analysis:
Propionic Acid Market is segmented into application and end-use industry. On the basis of application, the market is segregated into animal feed & food preservative, propionates, herbicides, plasticizers, rubber products, and others. The market by end-user is further bifurcated into agriculture, food & beverage, personal care, pharmaceuticals, and others.
Propionic Acid Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Propionic Acid Market
Propionic Acid Market Table of Content to be Continue……,
Propionic Acid Market List of Table:
Table 1 Global Propionic Acid Market: By Region, 2017−2024
Table 2 North America: Propionic Acid Market, By Country, 2017−2024
Table 3 Europe: Propionic Acid Market, By Country, 2017−2024
Table 4 Asia-Pacific: Propionic Acid Market. By Country, 2017−2024
Table 5 Middle East & Africa: Propionic Acid Market, By Country, 2017−2024
Propionic Acid Market List of Table to be Continue……,
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