Propionic Acid Market: Snapshot
The global propionic acid market is projected to gain remarkable demand avenues in the upcoming period. This growth is predicted on the back of increased use of propionic acid in a wide range of applications such as calcium and sodium propionates, animal feed and grain preservatives, cellulose acetate propionate, and herbicides. Propionic acid is naturally found carboxylic acid. It is a liquid in nature having unpleasant and pungent smell, which resembles with body odor.
In recent times, propionic acid is increasingly used in the form of preservatives in grains, food, and feed. This factor is driving the demand of the global propionic acid market. Growing use of propionic acid in a wide range of food applications is projected to drive the demand in food and beverage industry. In addition to this, this liquid is widely used in herbicides, cellulose acetate propionate, esters, fragrances, and numerous other applications. All these applications are supporting in driving the demand for the global propionic acid market. However, some factors are making the growth of the market for propionic acid somewhat sluggish. Growing awareness about a few health risks and environmental concerns is expected to obstruct the growth of the propionic acid market in the upcoming period.
Several vendors are chasing diverse strategies that are supporting in the global propionic acid market growth. Some of the key strategies on rise today are mergers, acquisitions, partnerships, and collaborations. Many vendors are increasing efforts in research and development activities. All these attempts by market players are helping in the expansion of the global propionic acid market. On regional front, Europe is expected to show remarkable avenues for the growth of the propionic acid market. One of the key reasons supporting this estimation is increased demand for this liquid owing to ban on the use of antibiotics in Europe.
Global Propionic Acid Market: Snapshot
The global propionic acid market is gaining traction due to rising application of propionic acid in the food and beverage industry. Moreover, rising demand for end-users industries from emerging market especially from the Asia Pacific to provide huge growth potential for the global propionic acid market.
The demand for propionic acid is also rising from animal feed and grain preservation acting as one of the major growth factors for this market. Though there are several health risks and environmental issues affecting the market growth and may hamper the growth of the market during the forecast tenure. However, rising use of propionic acid that is used as preservatives in food, grains, and feed is likely to push the market in near future. Moreover, it is also used as cellulose acetate propionate, herbicides, fragrances, esters, and various other use to boost the demand for propionic acid benefiting the market growth.
The global propionic acid market is projected to reach a valuation of US$1.54 bn by the end of 2019 progressing from US$ 0.9 bn estimated in 2012. The market is anticipated to grow at a healthy CAGR of 7.7% during the forecast period.
Rising Livestock Farming to Boost Demand for Animal Feed and Grain Preservatives
The global propionic acid market is categorized on the basis of the application that includes animal feed and grain preservatives, cellulose acetate propionate, calcium and sodium propionates, and others including herbicides and various others. Out of these, animal feed and grain preservatives led the market in 2012 by holding 52.5% of shares in the market. This segment is projected to increase during the forecast period because of increased livestock farming that has resulted in high demand for animal feed and grain preservatives. The second segment leading this market is of calcium and sodium propionates in 2012. However, during the forecast period, cellulose acetate propionate (CAP) is projected to grow at a steady CAGR of 1.9%. In addition to that, the others segment that includes herbicides is anticipated to experience sluggish growth during the forecast tenure because of various health hazards caused by herbicides.
Europe to Lead Market Due to Ban Imposed in Antibiotics that Further Boosted Demand for Propionic Acid
Europe led the global propionic acid market and held 39.9% market shares in 2012. During the course of six years, this region is projected to experience steady growth as compared to other regions on the global platform. The high growth of this region is because of ban imposed on antibiotics that further increased the demand for propionic acid. The second region led the global propionic acid market is North America which is projected to experience slight decline in its market share by the end of 2019. On the other hand, Asia Pacific is anticipated to grow at a fast rate during the forecast tenure. In addition to that, the Middle East and Africa and Latin America are projected to experience steady growth due to increasing imports of propionic acid in these regions.
The report has also given the in-depth analysis of the key market players. The global propionic acid market is highly concentrated as the leading three players held more than 80% shares in the global market in 2013. Some of the key players in this market are the Dow Chemical Company, Perstorp Holding GmbH, BASF SE, and Eastman Chemical Company.
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.3 Research Scope and Assumptions
1.4 Research methodology
Chapter 2 Executive Summary
2.1 Global propionic acid market estimates and forecast, 2012–2019 (Kilo tons) (USD Million)
2.2 Global propionic acid market snapshot 2012 - 2019
Chapter 3 Propionic Acid: Global Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
3.3.1 Increasing demand from animal feed and grain preservative
3.3.2 Potential market in developing economies
3.4 Restraints
3.4.1 Adverse effects of propionic acid
3.4.1.1 Environmental impact of propionic acid
3.4.1.2 Health hazards associated with propionic acid
3.5 Opportunities
3.5.1 Increasing demand from pharmaceutical industry
3.5.2 Growing demand for Vitamin E
3.6 Porter’s five forces analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat from substitutes
3.6.4 Threat of new entrants
3.6.5 Degree of competition
3.7 Global propionic acid market: Company Market share analysis (2012)
3.8 Global propionic acid market: Market attractiveness analysis
Chapter 4 Propionic Acid Market –Application Analysis
4.1 Global Propionic Acid Market: Application overview
4.1.1 Global propionic acid market volume share, by application, 2012 and 2019
4.2 Animal feed and grain preservatives
4.2.1 Global propionic acid market for animal feed and grain preservatives, 2012–2019 (Kilo tons) (USD Million)
4.3 Calcium and sodium propionates
4.3.1 Global propionic acid market for calcium and sodium propionates, 2012–2019 (Kilo tons) (USD Million)
4.4 Cellulose acetate propionate (CAP)
4.4.1 Global propionic acid market for cellulose acetate propionate, 2012–2019 (Kilo tons) (USD Million)
4.5 Others (Herbicides, etc)
4.5.1 Global propionic acid market for others, 2012–2019 (Kilo tons) (USD Million)
Chapter 5 Propionic Acid Market: Regional Analysis
5.1 Global Propionic acid market: Regional overview
5.1.1 Global propionic acid volume share by region, 2012–2019(Kilo tons)
5.2 North America
5.2.1 North America propionic acid market, 2012–2019(Kilo tons) (USD Million)
5.2.2 North America propionic acid market volume, 2012–2019 (Kilo tons), by application
5.2.3 North America propionic acid market revenue, 2012–2019 (USD Million), by application
5.3 Europe
5.3.1 Europe propionic acid market, 2012–2019 (Kilo tons) (USD Million)
5.3.2 Europe propionic acid market volume, 2012–2019 (Kilo tons), by applications
5.3.3 Europe propionic acid market revenue, 2012–2019 (USD Million), by application
5.4 Asia Pacific
5.4.1 Asia Pacific propionic acid market, 2012–2019(Kilo tons) (USD Million)
5.4.2 Asia Pacific propionic acid market volume, 2012–2019 (Kilo tons), by application
5.4.3 Asia Pacific propionic acid market revenue, 2012–2019 (USD Million), by application
5.5 Rest of the World (RoW)
5.5.1 RoW propionic acid market, 2012–2019(Kilo tons) (USD Million)
5.5.2 RoW propionic acid market volume, 2012–2019 (Kilo tons), by application
5.5.3 RoW propionic acid market revenue, 2012–2019 (USD Million), by application
Chapter 6 Company Profiles
6.1 A.M Food Chemical Co., Ltd.
6.1.1 Company overview
6.1.2 Business strategy
6.1.3 SWOT analysis
6.1.4 Recent developments
6.2 BASF SE
6.2.1 Company overview
6.2.2 Financial overview
6.2.3 Business strategies
6.2.4 SWOT analysis
6.2.5 Recent developments
6.3 Biomin Holding GmbH
6.3.1 Company overview
6.3.2 Business strategy
6.3.3 SWOT analysis
6.3.4 Recent developments
6.4 Celanese Corporation
6.4.1 Company overview
6.4.2 Financial overview
6.4.3 Business strategy
6.4.4 SWOT analysis
6.5 Daicel Corporation
6.5.1 Company overview
6.5.2 Financial overview
6.5.3 Business strategy
6.5.4 SWOT analysis
6.6 Eastman Chemical Company
6.6.1 Company overview
6.6.2 Financial overview
6.6.3 Business strategy
6.6.4 SWOT analysis
6.6.5 Recent developments
6.7 Perstorp Holding AB
6.7.1 Company overview
6.7.2 Financial overview
6.7.3 Business strategy
6.7.4 SWOT analysis
6.7.5 Recent developments
6.8 Prathista Industries Ltd
6.8.1 Company overview
6.8.2 Business strategy
6.8.3 SWOT analysis
6.8.4 Recent developments
6.9 The Dow Chemical Company
6.9.1 Company overview
6.9.2 Financial overview
6.9.3 Business strategy
6.9.4 SWOT analysis
6.9.5 Recent developments
List of Tables
TABLE 1 Global propionic acid market snapshot, 2012 - 2019
TABLE 2 Drivers of the global propionic acid market: Impact analysis
TABLE 3 Resraints of global propionic acid market: Impact analysis
TABLE 4 North America propionic acid market volume, 2012–2019 (Kilo tons), by application
TABLE 5 North America propionic acid market revenue, 2012–2019 (USD Million), by application
TABLE 6 Europe propionic acid market volume, 2012–2019 (Kilo tons), by application
TABLE 7 Europe propionic acid market revenue , 2012–2019 (USD Million), by application
TABLE 8 Asia Pacific propionic acid market volume, 2012–2019 (Kilo tons), by application
TABLE 9 Asia Pacific propionic acid market revenue, 2012–2019 (USD Million), by application
TABLE 10 RoW propionic acid market volume, 2012–2019 (Kilo tons), by application
TABLE 11 RoW propionic acid market revenue, 2012–2019 (USD Million), by application
List of Figures
FIG. 1 Global propionic acid : Market segmentation
FIG. 2 Global propionic acid market estimates and forecasts (2012–2019) (USD Million)
FIG. 3 Propionic acid Market: Value chain analysis
FIG. 4 Global food and feed preservative market revenue, (USD Billion), 2011 –2019
FIG. 5 Asia Pacific Thermoplastic demand (USD Billion) , 2005-2013
FIG. 6 Porter’s five forces analysis for propionic acid market
FIG. 7 Global propionic acid market: Company market share analysis (2012)
FIG. 8 Global propionic acid market: Market attractiveness analyis
FIG. 9 Global propionic acid market volume share, by application, 2012 and 2019
FIG. 10 Global propionic acid market for animal feed and grain preservatives, 2012–2019(Kilo tons) (USD Million)
FIG. 11 Global market for calcium and sodium propionates, 2012–2019 (Kilo Tons) (USD Million)
FIG. 12 Global propionic acid market for cellulose acetate propionate, 2012–2019 (Kilo tons) (USD Million)
FIG. 13 Global propionic acid market for others, 2012–2019 (Kilo tons) (USD Million)
FIG. 14 Global propionic acid market volume share by region, 2012 and 2019
FIG. 15 North America propionic acid market, 2012–2019(Kilo tons) (USD Million)
FIG. 16 Europe propionic acid market, 2012–2019 (Kilo tons) (USD Million)
FIG. 17 Asia Pacific propionic acid market, 2012–2019(Kilo tons) (USD Million)
FIG. 18 RoW propionic acid market, 2012–2019(Kilo tons) (USD Million)
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Propionic Acid Market
