Press release
Global Propionic Acid Market Growth 2018-2023
According to this study, over the next five years the Propionic Acid market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Propionic Acid business, shared in Chapter 3.
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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Propionic Acid market for 2018-2023.
Propionic acid is a three-carbon carboxylic acid with a molecular formula of CH3CH2COOH. It is a clear, colorless liquid with a pungent odor. Propionic acid is an ideal preservative, it can inhibit the growth of molds and bacteria, so propionic acid and derivatives are largely used as feed and food preservatives. Nowadays, growing high quality animal feed consumption has led to increased feed preservatives demand which in turn is expected to drive propionic acid market growth. Besides, the product also finds applications in food & grain preservatives, herbicides and chemical & pharmaceutical industry.
The global propionic acid market is led by EU and US. EU is the largest regional market accounting for over 39% of global propionic acid market demand in 2014. Asia Pacific is the most rapidly developing regional market for propionic acid.
The market for propionic acid is highly concentrated. Key market players include BASF SE, the Dow Chemical Company, Perstorp Holding GmbH and Eastman Chemical Company.
Propionic acid's demand is heavily dependent on animal feeds, food grains, packaged food and bakery products. Consequently, demand will be regardless of the shape of the economy.
Over the next five years, LPI(LP Information) projects that Propionic Acid will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Propionic Acid market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Oxo process
Reppe process
By-product process
Segmentation by application:
Grain and feed preservatives
Calcium and sodium salts
Herbicides
Cellulose acetate propionate
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
BASF
Dow
Perstorp
Eastman
Daicel
Sasol
BASF-YPC
SINOPEC Qilu
Yancheng Huade
Yancheng Hongtai
Shanghai Jianbei
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Propionic Acid consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Propionic Acid market by identifying its various subsegments.
Focuses on the key global Propionic Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Propionic Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Propionic Acid submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
For More Information On This Report, Please Visit @
https://www.lpinformationdata.com/reports/42406/global-propionic-acid-market
Related Information:
North America Propionic Acid Market Growth 2019-2024
United States Propionic Acid Market Growth 2019-2024
Asia-Pacific Propionic Acid Market Growth 2019-2024
Europe Propionic Acid Market Growth 2019-2024
EMEA Propionic Acid Market Growth 2019-2024
Global Propionic Acid Market Growth 2019-2024
China Propionic Acid Market Growth 2019-2024
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