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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Propionic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global propionic acid market grew at a CAGR of around 8% during 2015-2020. Propionic acid (PA) refers to a naturally occurring colorless and corrosive carboxylic acid. It is produced by the chemical reaction of carbon monoxide and water and consists of a short-chain saturated fatty acid attached to a carboxyl carbon. Propionic acid is available in the liquid state and can be commercially synthesized through fermentative, biosynthetic and amino acid catabolic pathways. It is commonly used as a preservative and an additive in packed foods and animal feed to prevent microbial and fungal growth. It also finds extensive applications across various industries, including chemical, cosmetics and pharmaceuticals.

Significant growth in the agriculture industry, along with the increasing consumption of dairy, livestock and poultry products across the globe, represents one of the key factors creating a positive outlook for the market. Propionic acid is widely used as an efficient grain preservative as it aids in reducing microbial growth in stored grains, hay, poultry litter and water for the livestock. Furthermore, the increasing demand for natural preservatives for ready-to-eat (RTE) and canned food products is also augmenting the market growth. The acid is also added to cheese and baked products to increase their shelf life. In line with this, the esters of the acid are utilized as artificial flavorings or solvents as an alternative to the chemical variants. Additionally, various technological advancements, such as the utilization of co-culture, metabolic and genetic engineering, immobilization technique and bioreactor systems, in the biological production of propionic acid through microorganisms and renewable biomass, are acting as other growth-inducing factors. Moreover, the increasing concerns regarding food safety, along with extensive research and development (R&D) activities in the field of biotechnology, are anticipated to drive the market further. Looking forward, IMARC Group expects the global propionic acid market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global propionic acid market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, application and end use industry.

Breakup by Application:

  • Animal Feed
  • Grain Preservatives
  • Cellulose Acetate Propionate
  • Herbicides
  • Plasticizers
  • Others
     

Breakup by End Use Industry:

  • Pharmaceuticals
  • Personal Care
  • Food and Beverage
  • Agriculture
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Celanese Corporation, Daicel Corporation, Dow Chemical Company, Eastman Chemical Company, Hawkins Inc., Impextraco NV, Macco Organiques Inc., OQ Chemicals GmbH and Perstorp Holding AB.

Key Questions Answered in This Report:

  • How has the global propionic acid market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global propionic acid market?
  • What are the key regional markets?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global propionic acid market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Propionic Acid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Application
    6.1    Animal Feed
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Grain Preservatives
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Cellulose Acetate Propionate
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Herbicides
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Plasticizers
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by End Use Industry
    7.1    Pharmaceuticals
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Personal Care
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Food and Beverage
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Agriculture
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
            8.1.1.1 Market Trends
            8.1.1.2 Market Forecast
        8.1.2 Canada
            8.1.2.1 Market Trends
            8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
            8.2.1.1 Market Trends
            8.2.1.2 Market Forecast
        8.2.2 Japan
            8.2.2.1 Market Trends
            8.2.2.2 Market Forecast
        8.2.3 India
            8.2.3.1 Market Trends
            8.2.3.2 Market Forecast
        8.2.4 South Korea
            8.2.4.1 Market Trends
            8.2.4.2 Market Forecast
        8.2.5 Australia
            8.2.5.1 Market Trends
            8.2.5.2 Market Forecast
        8.2.6 Indonesia
            8.2.6.1 Market Trends
            8.2.6.2 Market Forecast
        8.2.7 Others
            8.2.7.1 Market Trends
            8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
            8.3.1.1 Market Trends
            8.3.1.2 Market Forecast
        8.3.2 France
            8.3.2.1 Market Trends
            8.3.2.2 Market Forecast
        8.3.3 United Kingdom
            8.3.3.1 Market Trends
            8.3.3.2 Market Forecast
        8.3.4 Italy
            8.3.4.1 Market Trends
            8.3.4.2 Market Forecast
        8.3.5 Spain
            8.3.5.1 Market Trends
            8.3.5.2 Market Forecast
        8.3.6 Russia
            8.3.6.1 Market Trends
            8.3.6.2 Market Forecast
        8.3.7 Others
            8.3.7.1 Market Trends
            8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
            8.4.1.1 Market Trends
            8.4.1.2 Market Forecast
        8.4.2 Mexico
            8.4.2.1 Market Trends
            8.4.2.2 Market Forecast
        8.4.3 Others
            8.4.3.1 Market Trends
            8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    BASF SE
            13.3.1.1 Company Overview
            13.3.1.2 Product Portfolio
            13.3.1.3 Financials
            13.3.1.4 SWOT Analysis
        13.3.2    Celanese Corporation
            13.3.2.1 Company Overview
            13.3.2.2 Product Portfolio
            13.3.2.3 Financials
            13.3.2.4 SWOT Analysis
        13.3.3    Daicel Corporation
            13.3.3.1 Company Overview
            13.3.3.2 Product Portfolio
            13.3.3.3 Financials
            13.3.3.4 SWOT Analysis
        13.3.4    Dow Chemical Company
            13.3.4.1 Company Overview
            13.3.4.2 Product Portfolio
        13.3.5    Eastman Chemical Company
            13.3.5.1 Company Overview
            13.3.5.2 Product Portfolio
            13.3.5.3 Financials
            13.3.5.4 SWOT Analysis
        13.3.6    Hawkins Inc.
            13.3.6.1 Company Overview
            13.3.6.2 Product Portfolio
            13.3.6.3 Financials
            13.3.6.4 SWOT Analysis
        13.3.7    Impextraco NV
            13.3.7.1 Company Overview
            13.3.7.2 Product Portfolio
            13.3.7.3 Financials
        13.3.8    Macco Organiques Inc.
            13.3.8.1 Company Overview
            13.3.8.2 Product Portfolio
        13.3.9    OQ Chemicals GmbH
            13.3.9.1 Company Overview
            13.3.9.2 Product Portfolio
            13.3.9.3 Financials
        13.3.10    Perstorp Holding AB
            13.3.10.1 Company Overview
            13.3.10.2 Product Portfolio
            13.3.10.3 Financials
            13.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Propionic Acid Market: Major Drivers and Challenges
Figure 2: Global: Propionic Acid Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Propionic Acid Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Propionic Acid Market: Breakup by Application (in %), 2020
Figure 5: Global: Propionic Acid Market: Breakup by End Use Industry (in %), 2020
Figure 6: Global: Propionic Acid Market: Breakup by Region (in %), 2020
Figure 7: Global: Propionic Acid (Animal Feed) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Propionic Acid (Animal Feed) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Propionic Acid (Grain Preservatives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Propionic Acid (Grain Preservatives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Propionic Acid (Cellulose Acetate Propionate) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Propionic Acid (Cellulose Acetate Propionate) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Propionic Acid (Herbicides) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Propionic Acid (Herbicides) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Propionic Acid (Plasticizers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Propionic Acid (Plasticizers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Propionic Acid (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Propionic Acid (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Propionic Acid (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Propionic Acid (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Propionic Acid (Personal Care) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Propionic Acid (Personal Care) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Propionic Acid (Food and Beverage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Propionic Acid (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Propionic Acid (Agriculture) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Propionic Acid (Agriculture) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Propionic Acid (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Propionic Acid (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: North America: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: North America: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: North America: Propionic Acid Market: Breakup by Country (in %), 2020
Figure 32: United States: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: United States: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Canada: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Canada: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Asia-Pacific: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Asia-Pacific: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Asia-Pacific: Propionic Acid Market: Breakup by Country (in %), 2020
Figure 39: China: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: China: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Japan: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Japan: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: South Korea: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: South Korea: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Australia: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Australia: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Indonesia: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Indonesia: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Others: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Others: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Europe: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Europe: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Europe: Propionic Acid Market: Breakup by Country (in %), 2020
Figure 56: Germany: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Germany: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: France: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: France: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: United Kingdom: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: United Kingdom: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Italy: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Italy: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Spain: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Spain: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Russia: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Russia: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Latin America: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Latin America: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Latin America: Propionic Acid Market: Breakup by Country (in %), 2020
Figure 73: Brazil: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Brazil: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Mexico: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Mexico: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Others: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Others: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Middle East and Africa: Propionic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Middle East and Africa: Propionic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Middle East and Africa: Propionic Acid Market: Breakup by Country (in %), 2020
Figure 82: Global: Propionic Acid Industry: SWOT Analysis
Figure 83: Global: Propionic Acid Industry: Value Chain Analysis
Figure 84: Global: Propionic Acid Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Propionic Acid Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Propionic Acid Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 3: Global: Propionic Acid Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 4: Global: Propionic Acid Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Propionic Acid Market: Competitive Structure
Table 6: Global: Propionic Acid Market: Key Players

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