Global Propionic Acid Market 2017-2021

  • ID: 4392546
  • Report
  • Region: Global
  • 74 pages
  • TechNavio
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FEATURED COMPANIES

  • ADDCON
  • BASF
  • Daicel
  • Hawkins
  • Krishna Chemicals
  • Niacet
  • MORE
About Propionic Acid

Propionic acid is a colorless and oily liquid and has an unpleasant and pungent smell. It is completely miscible with water and can also be separated from water by adding salts. It contains a carboxylic acid group and shows properties similar to carboxylic acid such as the formation of esters, amides, anhydrides, and chloride derivatives. Salts, esters, and anions of propionic acid are known as propionates. In industrial and commercial applications, widely used propionates are sodium propionates and calcium propionates.

The analysts forecast the global propionic acid market to grow at a CAGR of 2.95% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global propionic acid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Propionic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • The Dow Chemical Company
  • Eastman Chemical Company
  • Perstorp
  • Macco Organiques
Other prominent vendors
  • ADDCON
  • A.M Food Chemical
  • BIOMIN Holding
  • Daicel
  • Hawkins
  • KEMIN Industries
  • Krishna Chemicals
  • Niacet
  • OXEA
  • Penta Manufacturing Company
Market drivers
  • Propionic acid in food preservation
  • For a full, detailed list, view the full report
Market challenges
  • Health hazards due to direct exposure
  • For a full, detailed list, view the full report
Market trends
  • Growing consumption of processed and packaged food products
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ADDCON
  • BASF
  • Daicel
  • Hawkins
  • Krishna Chemicals
  • Niacet
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Global propionic acid market
  • Five forces analysis
PART 06: Market segmentation by application
  • Global propionic acid market by application
  • Global propionic acid market for animal feed and grain preservatives
  • Global propionic acid market for sodium and calcium propionate
  • Global propionic acid market for CAP
  • Global propionic acid market for other applications
PART 07: Geographical segmentation
  • Global propionic acid market by geography
  • Propionic acid market in EMEA
  • Propionic acid market in Americas
  • Propionic acid market in APAC
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Growing consumption of processed and packaged food products
  • Increasing demand from pharmaceutical industry
  • Rising demand for vitamin E
PART 11: Vendor landscape
  • Competitive scenario
  • Key vendors in global propionic acid market
  • Other prominent vendors
PART 12: Key vendor analysis
  • BASF
  • The Dow Chemical Company
  • Eastman Chemical Company
  • Perstorp
  • Macco Organiques
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Segmentation of global propionic acid market 2017-2021
Exhibit 02: Global propionic acid market 2016 and 2021 (KT)
Exhibit 03: Forecast: Global propionic acid market 2016-2021
Exhibit 04: Five forces analysis
Exhibit 05: Global propionic acid market by application 2016 (%)
Exhibit 06: Global propionic acid market by application 2021 (%)
Exhibit 07: Global propionic acid market by application 2016 and 2021 (KT)
Exhibit 08: Global propionic acid market for animal feed and grain preservatives 2016 and 2021 (KT)
Exhibit 09: Forecast: Global propionic acid market for animal feed and grain preservatives 2016-2021
Exhibit 10: Global propionic acid market for sodium and calcium propionate 2016 and 2021 (KT)
Exhibit 11: Forecast: Global propionic acid market for sodium and calcium propionate 2016-2021
Exhibit 12: Global propionic acid market for CAP 2016 and 2021 (KT)
Exhibit 13: Forecast: Global propionic acid market for CAP 2016-2021
Exhibit 14: Global propionic acid market for other applications 2016 and 2021 (KT)
Exhibit 15: Forecast: Global propionic acid market for other applications 2016-2021
Exhibit 16: Global propionic acid market by geography 2016 (%)
Exhibit 17: Global propionic acid market by geography 2021 (%)
Exhibit 18: Global propionic acid market by geography 2016 and 2021 (KT)
Exhibit 19: Propionic acid market in EMEA 2016 and 2021 (KT)
Exhibit 20: Forecast: Propionic acid market in EMEA 2016-2021
Exhibit 21: Propionic acid market in Americas 2016 and 2021 (KT)
Exhibit 22: Forecast: Propionic acid market in Americas 2016-2021
Exhibit 23: Propionic acid market in APAC 2016 and 2021 (KT)
Exhibit 24: Forecast: Propionic acid market in APAC 2016-2021 (KT)
Exhibit 25: Key vendors in global propionic acid market 2016
Exhibit 26: List of other prominent vendors
Exhibit 27: BASF: Business segmentation by revenue 2016 (%)
Exhibit 28: BASF: Geographic segmentation by revenue 2016 (%)
Exhibit 29: The Dow Chemical Company: Business segmentation by revenue 2016 (%)
Exhibit 30: The Dow Chemical Company: Geographic segmentation by revenue 2016 (%)
Exhibit 31: Eastman Chemical Company: Business segmentation 2016
Exhibit 32: Eastman Chemical Company: Business segmentation by revenue 2016 (%)
Exhibit 33: Eastman Chemical Company: Geographic segmentation by revenue 2016 (%)
Exhibit 34: Perstorp: Business segmentation by revenue 2016 (%)
Exhibit 35: Geographic segmentation by revenue 2016 (%)
Exhibit 36: Macco Organiques: Product segmentation 2016
Exhibit 37: Macco Organiques: Segmentation by application 2016
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FEATURED COMPANIES

  • ADDCON
  • BASF
  • Daicel
  • Hawkins
  • Krishna Chemicals
  • Niacet
  • MORE
New Report Released: – Global Propionic Acid Market 2017-2021

The author of the report recognizes the following companies as the key players in the global propionic acid market: BASF, The Dow Chemical Company, Eastman Chemical Company, Perstorp, and Macco Organiques.

Other Prominent Vendors in the market are: ADDCON, A.M Food Chemical, BIOMIN Holding, Daicel, Hawkins, KEMIN Industries, Krishna Chemicals, Niacet, OXEA, and Penta Manufacturing Company.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Growing consumption of processed and packaged food products. The demand for processed food items and packaged foods is increasing due to the changing life style and rise in the disposable income of individuals. Sodium propionate and calcium propionate is widely used as a preservative and additive in processed and packaged foods to improve the shelf-life of the products. They reduce the storage cost and material handling cost. Calcium propionate is widely used in processed food items such as meat, bacon, bakery products, bread, pie crust, and cheese cakes.”

According to the report, one of the major drivers for this market is Propionic acid in food preservation. Propionic acid is widely used as a preservative in animal feedstock as well as foods for human consumption. It is used as a food preservative in food grains, animal feedstock, frozen food items, and packaged food products to increase the shelf life of the product. The growing demand from the frozen food industry, as well as the pharmaceutical industry, is increasing the consumption of propionic acid globally. Over 50% of the global consumption of propionic acid is in the production of preservatives.

Further, the report states that one of the major factors hindering the growth of this market is Health hazards due to direct exposure. Propionic acid is generally recommended to be a safe product to be used as a food additive, preservative, and a flavoring agent. However, excessive exposure to concentrated propionic acid is hazardous to health as it causes skin irritation and vision impairment and also damages tissues. Direct eye contact with propionic acid causes corneal injury, irritation, and vision impairment, which can result in complete blindness. Even the long-term exposure to propionic acid vapors can cause irritation and redness of eyes.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • BASF
  • The Dow Chemical Company
  • Eastman Chemical Company
  • Perstorp
  • Macco Organiques
  • ADDCON
  • AM Food Chemical
  • BIOMIN Holding
  • Daicel
  • Hawkins
  • KEMIN Industries
  • Krishna Chemicals
  • Niacet
  • OXEA
  • Penta Manufacturing Company
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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