Propionic Acid Market Grow Significantly By 2020-2026 Focusing Key Players BASF SE, Dow Inc., Eastman Chemical Company, Perstorp Holding AB, Hawkins, Corbion N.V., Otto Chemie Pvt. Ltd., Merck KGaA, Oman Oil Company SAOC, Celanese Corporation

Propionic acid market accounted for revenue of $1.2 billion in 2018 and is anticipated to generate $1.6 billion by 2026. The market is projected to experience growth at a CAGR of 3.5% from 2019 to 2026. Propionic acid is an organic acid produced by the reaction of ethylene and carbon monoxide. The chemical formula for propanoic acid is CH3CH2COOH or C3H6O2 with boiling point of 141.15?C. This acid is considered to be safe for use as common food additive and versatile preservative in animal feed and human food. It possesses antifungal and antimicrobial properties, and hence acts as crop protection agent.

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Key Players:
BASF SE, Dow Inc., Eastman Chemical Company, Perstorp Holding AB, Hawkins, Corbion N.V., Otto Chemie Pvt. Ltd., Merck KGaA, Oman Oil Company SAOC, Celanese Corporation

Propionic Acid Market Segmentation:
By Application
- Herbicides
- Rubber Products
- Plasticizers
- Food Preservatives
- Others

By End use Industry
- Pharmaceuticals
- Personal care
- Food & Beverage
- Agriculture
- Others

The global propionic acid market is segmented on the basis of application, end-use industry, and region. On the basis of application, the market is classified into herbicides, rubber products, plasticizers, food preservative, and others. According to end-use industry, the market is categorized into pharmaceuticals, personal care, food & beverage, agriculture, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA

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Trusted current state analysis tools, such as Porter’s five forces analysis and SWOT analysis are employed in the report to assess the Propionic Acid market data to deploy a complete overview of the market. Furthermore, this report gives a complete review of the magnitude and application scope of the Propionic Acid market around the world. A detailed overview of the purchasing criteria and difficulties confronted in the Propionic Acid business sector is also elaborated in this report.

Across the globe, several regions like North America, Latin America, Asia-Pacific, Europe, and Africa have been studied on the basis of sale and profit margin. Some significant key players have been profiled to get informative data to make informed decisions in the businesses. It makes use of info graphics, graphs, charts, tables, and pictures. For an effective and accurate business outlook, the report on the global Propionic Acid Market examined details of the changing trends adopted by the top level companies.

Sameer Joshi
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