Propionic Acid Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Propionic Acid Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Propionic Acid Market Size and Its Estimated Growth Rate?
The size of the propionic acid market has shown consistent growth in the recent past. Projected to expand from $1.5 billion in 2024 to $1.57 billion in 2025, it indicates a compound annual growth rate (CAGR) of 4.6%. This positive trajectory during the historical period can be linked to several factors including the growing demand for animal feed preservatives, the expansion of the food and beverage sector, an increased emphasis on grain conservation, rising consciousness regarding food safety, an upward trend in livestock farming and its utilization in the production of cellulose acetate propionate (CAP).

In the forthcoming years, a stable growth is forecasted in the propionic acid market that is projected to reach a value of $1.83 billion by the year 2029, with a 4.0% compound annual growth rate (CAGR). Factors contributing to this growth during the prediction period encompass the ongoing expansion in livestock farming, a growing emphasis on sustainable agriculture, an increasing requirement for processed food, initiatives aimed at global food security, along with the rising use of propionic acid in producing derivatives, and stringent environmental rules with sustainable strategies. Notable trends for the forecast period comprise the budding use of propionic acid as a herbicide, advancements in technology in terms of production processes, its escalating use in the pharmaceutical and cosmetic sectors, adherence to regulatory protocol and quality benchmarks, and market growth in emerging regions.

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How Are Emerging Segments Shaping the Propionic Acid Market Landscape?
The propionic acid market covered in this report is segmented -

1) By Product: Oxo Process, Reppe Process, By-product Process
2) By Application: Herbicides, Rubber Products, Plasticizers, Food Preservatives, Other Applications
3) By End-User Industry: Pharmaceuticals, Personal Care, Food And Beverage, Agriculture, Other End-User Industries

Subsegments:
1) By Oxo Process: Propionic Acid From Propionaldehyde, Catalytic Hydrogenation Of Acetaldehyde, Use Of Carbon Monoxide And Hydrogen In Production
2) By Reppe Process: Acetylene-Based Process For Propionic Acid, Production Of Propionic Acid Through Acetylene And Carbon Monoxide Reaction, Catalytic Reaction With Phosgene Derivatives
3) By By-Product Process: Production Of Propionic Acid As A By-Product Of Acetone Manufacturing, By-Product Formation During The Production Of Acrylic Acid Or Acetate, Recovery Of Propionic Acid From Fermentation Or Other Processes

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Which Growth Factors Are Influencing Propionic Acid Market Expansion?
The propionic acid market is anticipated to benefit from growth in the agricultural sector. The agricultural industry, which includes all activities associated with growing plants and rearing animals, utilizes propionic acid for various purposes, such as an antimicrobial and antifungal agent for controlling poultry litter and treating livestock drinking water. As an example, the National Statistical Institute of Iceland reported in May 2023 that the agricultural industry in Iceland saw an increase in production value from $0.54 billion in 2021 to $0.61 billion in 2022, marking a 12% growth. This rise in the agricultural field is credited with bolstering the propionic acid market. The booming demand for natural beauty products is another factor projected to facilitate the expansion of the propionic acid market. These products, which include cosmetics and personal care items, are made using natural ingredients such as plants and minerals. The antimicrobial nature of propionic acid makes it a crucial preservative in these products, helping to inhibit bacterial growth, enhance shelf life, and thus, increase sales in the personal care industry. The Soil Association, a registered charity in the UK, reported that in 2022, the organic and natural product market touched $188 million (£147.23 million), reflecting a 6.8% rise from the previous year. As such, the escalating demand for natural beauty products contributes to the progression of the propionic acid market.

Who Are the Dominant Players Across Different Propionic Acid Market Segments?
Major companies operating in the propionic acid market report are BASF SE, Merck KGaA, Dow Chemical Company, Thermo Fisher Scientific Inc., Honeywell International Inc., INEOS Group Holdings S.A., Evonik Industries AG, Solvay S.A., Arkema SA, Eastman Chemical Company, Celanese Corporation, Clariant AG, Sigma-Aldrich Corporation, Daicel Corporation, Novozymes A/S, OQ Chemicals GmbH, Corbion N.V., Hawkins Inc., Nacalai Tesque Inc., Kishida Chemical Co. Ltd., Macco Organiques Inc., Niacet Corporation, Gelest Inc., Vigon International Inc., Kanto Chemical Co. Inc., Impextraco N.V., Otto Chemie Pvt. Ltd., Perstorp Holding AB, Jarchem Industries Inc., TRInternational Inc.

What Are the Latest Developing Trends in the Propionic Acid Market?
Leading businesses in the propionic acid market are concentrating on innovating new processes for creating propionic acid, including the biomimetic fermentation process to generate bio-sourced organic acids. This technique of fermenting bio-sourced organic acids draws on the existing fermentation technology used for the production of purely organic acids, mainly propionic acid. As an example, AFYREN SA, a chemical manufacturing company located in France, inaugurated a facility in October 2022 for the industrial-scale production of bio-sourced acids. They use Afyren technology, which relies on the biomimetic fermentation of non-GMO by-products. This results in the creation of a superior quality, pure family of seven entirely bio-sourced acids, afyren propionic acid included.

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Which Geographic Regions Are Expected to Dominate the Propionic Acid Market in the Coming Years?
Europewas the largest region in the propionic acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the propionic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Propionic Acid Market?
2. What is the CAGR expected in the Propionic Acid Market?
3. What Are the Key Innovations Transforming the Propionic Acid Industry?
4. Which Region Is Leading the Propionic Acid Market?

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