Propionic Acid Market Study By Application & Top Key Players – BASF SE, Celanese Corporation, Daicel Corporation

02/dic/2019 13:25:23 DD-Market Place Contatta l'autore

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The report provides an outlook on the growth in the global Propionic Acid Market by showing a wide range of data for the forecast period. The report also provides a detailed description of the findings and recommendations that will add value to the process of decision-making. The report includes an analysis including the market size, drivers, restraints, current trends, and emerging opportunities. The market has been identified to be highly competitive based on several initiatives such as capacity expansion, mergers & acquisition, product, and technological innovations and has been undertaken by key companies to gain maximum market share. The report evaluates the current market size in terms of the volume and forecast for the period from 2019 to 2026.

Propionic acid is a chemical compound which naturally occurs as carboxylic acid. Propionic acid is clear oily liquid with an irritating and strong pungent smell. Propionic acid is corrosive in nature and miscible with water. It resembles general properties of carboxylic acid and can form amides, esters, anhydrides, amide and other salts which are called propionates. Propionic acid has various industrial applications and is used in food preservatives and additives, pharmaceuticals, solvents, pesticides and in production of polymers. Propionic acid inhibits anti-bacterial properties which aids in reducing bacteria in food products.

Propionic acid also has several biological applications and is used to prepare different chemical compounds. Global propionic acid is segmented on the basis of applications as food preservatives, calcium and sodium salts, animal feed and grain preservatives, herbicides, cellulose acetate propionate and other which include biocides and solvents.

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Animal feed and grain preservatives are the major application segments which contributed to the rapid growth of global propionic acid market. In addition, rising use of food preservatives in food products is empowering the growth of this market. Use of propionic acid to increase the nutrient content in animal feed is a significant factor to upsurge the growth of global propionic acid market. Rapid growth of pharmaceutical industry is another factor expected to drive this market for the forecast period. Environmental concerns and health hazards due to the use propionic acid are factors holding up the growth of global propionic acid market.

Global propionic acid market is segmented by geography as Europe, North America, Asia Pacific, Latin America and Middle East and Africa. Europe and North America are leading geographies for the global propionic acid market. Key companies participating in the global propionic acid market include BASF SE, Celanese Corporation, Daicel Corporation, Dow Chemical Company, Holdings GmbH, Perstorp Holdings GmbH, Prathista Industries Ltd., A.M Food Chemical Co Ltd and Biomin Holdings GmbH.

Table Of Contents – Overview
2.Executive Summary
3.Market Analysis
4.Propionic Acid Market Analysis By Application
5.Propionic Acid Market Analysis By Region
6.Competitive Landscape Of Propionic Acid Companies
7.Company Profiles Of Propionic Acid Industry

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