Propionic Acid Market Analysis, Demand, Cost Structures, Growth rate and Industry Forecasts to 2027 | Dow, BASF SE, Hawkins, Eastman Chemical Company, Perstorp

Market Size – USD 1.00 Billion in 2018, Market Growth - CAGR of 6.5%, Market Trends – The rising demand for Propionic Acid in the pharmaceutical sector

Reports and Data has added a new research report on the Propionic Acid Market to its consistently extending database. The report is inclusive of the basic numerical data and certified data, which is gathered from certified sources and market experts. It includes and evaluates all the changes and shifts that are observed in the market and its supplementary markets. The provided information can, therefore, be used to improve and strengthen a firm’s standing in the Propionic Acid market.

This report covers the recent COVID-19 incidence and its impact on Propionic Acid. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

Get a Sample PDF Report to understand our report before you purchase @ https://www.reportsanddata.com/sample-enquiry-form/2786

PA also occurs ubiquitously along with other short-chain fatty acids (SCFA) in the gastrointestinal tract of mammals and humans as an end-product of the microbial digestion of carbohydrates. PA has important physiological activity in animals, which is resulting in its growing demand in the pharmaceutical sector. It is widely used as an antifungal agent in food. It inhibits the growth of some bacteria and mold at the levels between 0.1 and 1% by weight. Due to the mentioned factor, most PA produced is consumed as a preservative for bother food and feed for human consumption.

Influential and dominant players in the Propionic Acid market space:
Dow, BASF SE, Hawkins Inc., Eastman Chemical Company, Perstorp, Yancheng Huade Biological Engineering Co. Ltd, Sasol, DAICEL CORPORATION, Shanghai Jianbei Organic Chemical Co. Ltd and Celanese Corporation.

For the purpose of this report, Reports and Data have segmented the global Propionic Acid market according to Manufacturing Process, Application, End-user, and Region:

Manufacturing Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
• Hydrocarboxylation of ethylene
• Oxidation of propionaldehyde

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
• Animal Feed and Food Preservatives
• Herbicides
• Cellulose Acetate Propionate
• Calcium, Ammonium, and Sodium Salts
• Plasticizers
• Others

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
• Agriculture
• Personal Care
• Food and Beverage
• Pharmaceutical
• Others

The Propionic Acid report consists of streamlined financial data obtained from various research sources to provide specific and trustworthy analysis. An in-depth analysis of the market trends of the Propionic Acid industry and how the factors affect its functioning. The factors are segmented into drivers and restraints for increased comprehensibility and understanding. The report also provides a detailed outlook of the Propionic Acid market share along with strategic recommendations, on the basis of emerging segments.

To avail a Discount on your Copy of the Propionic Acid Market Report, Click @ https://www.reportsanddata.com/discount-enquiry-form/2786

The regions that have been included in the study are:
Regional Analysis:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Some major points covered in this Propionic Acid Market report:
1. An excessively meticulous study that helps in segmenting the useful data from the irrelevant.
2. The study has been segmented and sub-segmented into regions, end-users, applications, product types, players according to the influence they exercise in the Propionic Acid market, their strategies, and the potential consumer bases that a new entrant can tap into.
3. In the next section, factors responsible for the growth of the market have been included. This data has been collected from the primary and secondary sources and has been approved by the industry specialists. It helps in understanding the key market segments and their future trends.
4. The participants of this industry who possess and employ influence over the Propionic Acid market are highlighted in the study and their respective strategies to overcome the competition and challenges of the eco-system they perform in.
5. The Propionic Acid market research report also presents an eight-year forecast on the basis of how the market is predicted to grow.

Further key findings from the report suggest
• The Propionic Acid market held a market share of USD 1.00 Billion in the year 2018 that is forecasted to grow at a rate of 6.5% during the forecast period.
• In context to Manufacturing Process, the Oxidation of propionaldehyde segment is projected to witness a considerable growth rate of 6.8% during the forecast period, which is expected to occupy more than 30.0% of the market in 2018. The growth rate witnessed by the Oxidation of propionaldehyde segment is attributed to its benefits like in the availability of manganese or cobalt salts the reaction proceeds rapidly at temperatures as mild as 40–50 °C, which is resulting in its growing popularity contributing to the growth rate witnessed by this segment.
• In context to Application, the Animal Feed and Food Preservatives segment held the largest market share of more than 50.0% in 2018, with a CAGR of 6.6% during the forecast period. The market share held by the Animal Feed and Food Preservatives segment is attributed to the high demand for PA in animal feed, which is a part of agriculture, which contributes to the market share held by this segment. In the application in animal feed, it is used either as ammonium salt or directly due to its ability in inhibiting the growth of certain bacteria.

Access Full Report Details @ https://www.reportsanddata.com/report-detail/propionic-acid-market

In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments’ market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

Contact Us:

John Watson
Head of Business Development
40 Wall St. 28th floor New York City, NY 10005 United States
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

This release was published on openPR.