Press release
Propionic Acid and Derivatives Market Booming Worldwide With Leading Key Players - ADDCON GROUP GMBH, BASF SE, Biomin Holding Gmbh, Daicel Corporation.
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The Propionic Acid and Derivatives market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Propionic acid is a naturally occurring carboxylic acid with the chemical formula CH3CH2COOH. It is a colorless, pungent-smelling liquid used primarily as a preservative in both food and feed due to its antifungal and antibacterial properties. Derivatives of propionic acid include its salts and esters, which also find applications in various industries. For instance, calcium propionate and sodium propionate are widely used as food preservatives. Propionic acid derivatives are also used in the production of cellulose acetate propionate (CAP) for coatings, plastics, and other applications, as well as in the manufacture of herbicides, pharmaceuticals, and fragrances.
Forecast Growth Projected:
The Global Propionic Acid and Derivatives Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Propionic Acid and Derivatives Market:
ADDCON GROUP GMBH, BASF SE, Biomin Holding Gmbh, Daicel Corporation, Eastman Chemical Company, IMPEXTRACO NV, KEMIN Industries Inc, Niacet Corporation, A.M. Food Chemicals Co. Ltd and Perstorp Holding AB.
Segment Covered in the Propionic Acid and Derivatives Market:
By Product: Propionic acid, Derivatives.
By Form: Liquid, Dry.
By Type: Encapsulated, Synthetic, Natural.
By Application: Animal Feed & Grain Preservatives, Food Preservatives, Herbicides, Others.
Regional Analysis:
The global Propionic Acid and Derivatives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Propionic Acid and Derivatives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Propionic Acid and Derivatives Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Propionic Acid and Derivatives manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Propionic Acid and Derivatives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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