The global Propionic Acid market was valued at 721.32 Million USD in 2021 and will grow with a CAGR of 3.02% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Propionic acid is a tricarboxylic acid with the molecular formula CH3CH2COOH. It is a clear, colorless liquid with a pungent odor. Propionic acid is an ideal preservative, which can inhibit the growth of mold and bacteria. Therefore, propionic acid and its derivatives are widely used as preservatives in feed and food. Today, the increase in consumption of high-quality animal feed has led to an increase in the demand for feed preservatives, which in turn is expected to drive the growth of the propionic acid market. In addition, the product is also used in food and grain preservatives, herbicides and chemical and pharmaceutical industries.The share of major manufacturers in 2019 is more than 85%. In terms of product type and technology, the output of propionic acid produced by Reppe process in 2019 accounts for about 50% of the total global output

By Market Verdors:

BASF

Dow

Perstorp

Eastman

Sasol

BASF-YPC.Co.,Ltd.

Yancheng Huade

By Types:

Carbonyl Synthesis

Reppe Method

By-product Method

By Applications:

Cereals and Feed Preservatives

Calcium and Sodium Salts

Herbicide

Cellulose Acetate Propionate

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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To understand the future outlook and prospects for the market.

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