Global Propionic Acid & Derivatives Market, By Type (Calcium Propionate, Sodium Propionate, Potassiu

Published Date: | Report Code : CH1958529

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The Propionic Acid & Derivatives Market growth is expected to gain high momentum during the forecast period due to Increasing penetration will improve geographic coverage in developing economies.

Propionic acid & derivatives are extensively used as one of the safest additives available on the market in feed preservatives, grain preservatives, and food preservatives. It is also used in herbicides, propionate of cellulose acetate, esters, fragrances, and so on.

Propionic acid is a pungent, rancid odorless, oily liquid. In dairy products, it happens naturally and is a by-product of human metabolism.

Propionic acid is produced mainly for use in animal feed and grain as a preservative andanti-mold agent. It is also used in packaged products like baked goods and cheese as a preservative and flavoring agent. The salt forms of propionic acid, calcium propionate and sodium propionate, are used for mold prevention in bread and tortillas. Additionally, propionic acid is used as a chemical construction block for herbicides, pharmaceuticals, colorants, textile and rubber products, plastics, plasticizers, cosmetics, and perfumes manufacturing.

Global demand for propionic acid & derivatives is increasing as animal feed and grain preservatives become increasingly consumed. Furthermore, the supply of propionates in the food preservative sections is also likely to rise in the coming years owing to increased demand to improve the food's shelf life at worldwide level.

Key Factors Impacting Market Growth:

  • Increasing demand for animal feed and preservatives for grain is driving market growth

  • Increasing penetration will improve geographic coverage in developing economies

  • Lack of manufacturing facilities across geographical boundaries

Regional Analysis

On the basis of the region, the propionic acid & derivatives market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in propionic acid & derivatives market during the forecast period. This demand is with regards to the growth of major Applications such as Animal Feed and Grain Preservatives, Food Preservatives, CAP, Herbicides. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for propionic acid & derivatives market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for propionic acid & derivatives market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: BASF, Eastman Chemical, Perstorp Holding, Dow Chemical, A.M. Food Chemicals, Addcon Group, Biomin Holding, Daicel, Impextraco, KEMIN Industries, Krishna Chemicals, MACCO Organiques, Niacet, Prathista Industries

Market Segmentation:

By Type:

  • Calcium Propionate

  • Sodium Propionate

  • Potassium Propionate

  • Others

By Application:

  • Animal Feed and Grain Preservatives

  • Food Preservatives

  • Cellulose Acetate Propionate (CAP)

  • Herbicides

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the propionic acid & derivatives market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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