Propionic Acid Market | Growth, Trends and Forecast (2018-2023) by BASF SE, DowDuPont, Perstorp Orgnr, Eastman Chemical Company, Macco Organiques, BIOMIN Holding GmbH, Krishna Chemicals, A.M. Food Chemical, Merck KGaA and OXEA GmbH

Regional Analysis

The Propionic Acid Market is segmented across the five regions of Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Europe is the largest region in the Global Propionic Acid Market in terms of revenue due to the favorable government regulations, and high growth rate for food preservatives & animal feed markets. The EU hygiene dire ctive for maintaining the quality and hygiene of feed-mix products has propelled the market growth in the region. North America is another substantial region in the Global Propionic Acid Market owing to the growing food & beverage industry in this region.

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Asia Pacific is the fastest emerging region due to the high demand for animal feedstock in this region. The presence of major agricultural countries such as China, India, and South Korea has further augmented the product demand as a chemical herbicide. Moreover, the changing consumption pattern along with the high disposable income is likely to surge the market demand in food preservation in coming years.

Key Players

Some of the prominent players operating in the Global Propionic Acid Market are BASF SE (Germany), DowDuPont (U.S.), Perstorp Orgnr (Sweden), Eastman Chemical Company (U.S.), and Macco Organiques Inc. (Canada). BIOMIN Holding GmbH (Austria), Krishna Chemicals (India), A.M. Food Chemical Co., Ltd. (China), Merck KGaA (Germany), and OXEA GmbH (Germany) among others.

Market Scenario

The Propionic Acid Market is spanned across the five regions of Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Europe is the leading region in the Global Propionic Acid Market on account of the favouring regulations and growth for animal feedstock.

North America is anticipated to grow at a significant CAGR on account of the high demand for the product from pharmaceuticals and food & beverage industry in this region.

Asia Pacific is expected to be the fastest emerging region due to the high demand for Propionic Acid as animal feedstock, herbicide and food preservative from major agricultural countries in this region.

Segmental Analysis

The Global Propionic Acid Market is segmented into Application and End-Use Industry.

On the Basis of Application, the market is segregated into animal feed & food preservative, propionates, herbicides, plasticizers, rubber products, and others.

The market by End-User is further bifurcated into agriculture, food & beverage, personal care, pharmaceuticals, and others.

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Geographical Analysis

The report covers brief analysis of the major geographic regions, namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Intended Audience

Propionic Acid Market manufacturers

Traders and Distributors of propionic acid market

Production process industries

Potential investors

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