Global Propionic Acid Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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.

Scope of the Report:
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.
The worldwide market for Propionic Acid is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new study.
This report focuses on the Propionic Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers
BASF
Dow
Perstorp
Eastman
Daicel
Sasol
BASF-YPC
SINOPEC Qilu
Yancheng Huade
Yancheng Hongtai
Shanghai Jianbei

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Oxo process
Reppe process
By-product process

Market Segment by Applications, can be divided into
Grain and feed preservatives
Calcium and sodium salts
Herbicides
Cellulose acetate propionate
Others

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Propionic Acid product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Propionic Acid, with price, sales, revenue and global market share of Propionic Acid in 2017 and 2018.
Chapter 3, the Propionic Acid competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Propionic Acid breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Propionic Acid market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Propionic Acid sales channel, distributors, customers, research findings and conclusion, appendix and data source.