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Global Propionic Acid Market 2017-2021

Global Propionic Acid Market 2017-2021

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.

Technavio’s 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
Technavio's 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 driver
  • Propionic acid in food preservation
  • For a full, detailed list, view our report
Market challenge
  • Health hazards due to direct exposure
  • For a full, detailed list, view our report
Market trend
  • Growing consumption of processed and packaged food products
  • For a full, detailed list, view our 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Propionic Acid Market 2017-2021

Technavio 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 Technavio’s 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.

Companies Mentioned

BASF, The Dow Chemical Company, Eastman Chemical Company, Perstorp, Macco Organiques, ADDCON, A.M Food Chemical, BIOMIN Holding, Daicel, Hawkins, KEMIN Industries, Krishna Chemicals, Niacet, OXEA, and Penta Manufacturing Company.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Segmentation of global propionic acid market 2017-2021
    • Global propionic acid market
      • Table Global propionic acid market 2016 and 2021 (KT)
      • Table Forecast: Global propionic acid market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global propionic acid market by application
      • Table Global propionic acid market by application 2016 (%)
      • Table Global propionic acid market by application 2021 (%)
      • Table Global propionic acid market by application 2016 and 2021 (KT)
    • Global propionic acid market for animal feed and grain preservatives
      • Table Global propionic acid market for animal feed and grain preservatives 2016 and 2021 (KT)
      • Table Forecast: Global propionic acid market for animal feed and grain preservatives 2016-2021
    • Global propionic acid market for sodium and calcium propionate
      • Table Global propionic acid market for sodium and calcium propionate 2016 and 2021 (KT)
      • Table Forecast: Global propionic acid market for sodium and calcium propionate 2016- 2021
    • Global propionic acid market for CAP
      • Table Global propionic acid market for CAP 2016 and 2021 (KT)
      • Table Forecast: Global propionic acid market for CAP 2016-2021
    • Global propionic acid market for other applications
      • Table Global propionic acid market for other applications 2016 and 2021 (KT)
      • Table Forecast: Global propionic acid market for other applications 2016-2021
  • Geographical segmentation
    • Global propionic acid market by geography
      • Table Global propionic acid market by geography 2016 (%)
      • Table Global propionic acid market by geography 2021 (%)
      • Table Global propionic acid market by geography 2016 and 2021 (KT)
    • Propionic acid market in EMEA
      • Table Propionic acid market in EMEA 2016 and 2021 (KT)
      • Table Forecast: Propionic acid market in EMEA 2016-2021
    • Propionic acid market in Americas
      • Table Propionic acid market in Americas 2016 and 2021 (KT)
      • Table Forecast: Propionic acid market in Americas 2016-2021
    • Propionic acid market in APAC
      • Table Propionic acid market in APAC 2016 and 2021 (KT)
      • Table Forecast: Propionic acid market in APAC 2016-2021 (KT)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing consumption of processed and packaged food products
    • Increasing demand from pharmaceutical industry
    • Rising demand for vitamin E
  • Vendor landscape
    • Competitive scenario
    • Key vendors in global propionic acid market
      • Table Key vendors in global propionic acid market 2016
    • Other prominent vendors
      • Table List of other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016 (%)
      • Table BASF: Geographic segmentation by revenue 2016 (%)
    • The Dow Chemical Company
      • Table The Dow Chemical Company: Business segmentation by revenue 2016 (%)
      • Table The Dow Chemical Company: Geographic segmentation by revenue 2016 (%)
    • Eastman Chemical Company
      • Table Eastman Chemical Company: Business segmentation 2016
      • Table Eastman Chemical Company: Business segmentation by revenue 2016 (%)
      • Table Eastman Chemical Company: Geographic segmentation by revenue 2016 (%)
    • Perstorp
      • Table Perstorp: Business segmentation by revenue 2016 (%)
      • Table Geographic segmentation by revenue 2016 (%)
    • Macco Organiques
      • Table Macco Organiques: Product segmentation 2016
      • Table Macco Organiques: Segmentation by application 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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