Propionic Acid Market Trends, Growth Analysis and Forecasts 2014 to 2021
The Propionic Acid Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend and Growth during the study period (2014–2021).
Propionic acid is a chemical compound which naturally occurs as carboxylic acid. Propionic acid is clear oily liquid with an irritating and strong pungent smell. Propionic acid is corrosive in nature and miscible with water. It resembles general properties of carboxylic acid and can form amides, esters, anhydrides, amide and other salts which are called propionates.
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Propionic acid has various industrial applications and is used in food preservatives and additives, pharmaceuticals, solvents, pesticides and in production of polymers. Propionic acid inhibits anti-bacterial properties which aids in reducing bacteria in food products.
Propionic acid also has several biological applications and is used to prepare different chemical compounds. Global propionic acid is segmented on the basis of applications as food preservatives, calcium and sodium salts, animal feed and grain preservatives, herbicides, cellulose acetate propionate and other which include biocides and solvents.
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Animal feed and grain preservatives are the major application segments which contributed to the rapid growth of global propionic acid market. In addition, rising use of food preservatives in food products is empowering the growth of this market. Use of propionic acid to increase the nutrient content in animal feed is a significant factor to upsurge the growth of global propionic acid market. Rapid growth of pharmaceutical industry is another factor expected to drive this market for the forecast period. Environmental concerns and health hazards due to the use propionic acid are factors holding up the growth of global propionic acid market.
Major players assessed in the report are :
Global propionic acid market is segmented by geography as Europe, North America, Asia Pacific, Latin America and Middle East and Africa. Europe and North America are leading geographies for the global propionic acid market. Key companies participating in the global propionic acid market include BASF SE, Celanese Corporation, Daicel Corporation, Dow Chemical Company, Holdings GmbH, Perstorp Holdings GmbH, Prathista Industries Ltd., A.M Food Chemical Co Ltd and Biomin Holdings GmbH.
SEGMENTATIONS IN REPORT :
Propionic Acid By Applications :
– Animal Feed And Grain Preservatives
– Food Preservatives
– Calcium And Sodium Propionate
– Cellulose Acetate Propionate
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