Propionic Acid Market size worth over $926.8 million by 2027, at a CAGR of 3.1%

In 2020, the global Propionic Acid market size was US$ 736 million and it is expected to reach US$ 926.8 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period 2021-2027. The Propionic Acid market covers Oxo process, Reppe process, By-product process, etc. The typical players include BASF, Dow, Perstorp, Eastman, Sasol, BASF-YPC, etc.

The propionic Acid market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Propionic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

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In the global Propionic Acid market, the main companies are BASF, Dow, Perstorp, and Eastman, with a market share of more than 70%. The main regions are the Asia-Pacific region and the US market, with a market share of more than 60%. Reppe Process has the largest share of the Propionic Acid market, close to 50%. The application scenarios of Propionic Acid are mainly concentrated on Grain and Feed Preservatives, with a market share of about 40%.

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Propionic Acid Market by Type

o Oxo Process
o Reppe Process
o By-product Process

Propionic Acid Market by Application

o Grain and Feed Preservatives
o Calcium and Sodium Salts
o Herbicides
o Cellulose Acetate Propionate
o Others

Major Players in the Propionic Acid Market

o BASF
o Dow
o Perstorp
o Eastman
o Sasol
o BASF-YPC.Co.,Ltd.
o Yancheng Huade

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