The Global Propionic Acid market is forecast to reach USD 1.71 Billion by 2027, according to a new report by Reports and Data. Propionic acid [PA] is a carboxylic acid that is present naturally in various dairy products at a low level. PA also occurs ubiquitously along with other short-chain fatty acids (SCFA) in the gastrointestinal tract of mammals and humans as an end-product of the microbial digestion of carbohydrates. PA has important physiological activity in animals, which is resulting in its growing demand in the pharmaceutical sector. It is widely used as an antifungal agent in food. It inhibits the growth of some bacteria and mold at the levels between 0.1 and 1% by weight. Due to the mentioned factor, most PA produced is consumed as a preservative for bother food and feed for human consumption. Monensin is mixed to cattle feed to cattle feed to support propionibacteria over acetic acid producers in the rumen.

Top Companies Operating in the Global Propionic Acid Market:

Dow, BASF SE, Hawkins Inc., Eastman Chemical Company, Perstorp, Yancheng Huade Biological Engineering Co. Ltd, Sasol, DAICEL CORPORATION, Shanghai Jianbei Organic Chemical Co. Ltd and Celanese Corporation.

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Further key findings from the report suggest

• The Propionic Acid market held a market share of USD 1.00 Billion in the year 2018 that is forecasted to grow at a rate of 6.5% during the forecast period.
• In context to Manufacturing Process, the Oxidation of propionaldehyde segment is projected to witness a considerable growth rate of 6.8% during the forecast period, which is expected to occupy more than 30.0% of the market in 2018. The growth rate witnessed by the Oxidation of propionaldehyde segment is attributed to its benefits like in the availability of manganese or cobalt salts the reaction proceeds rapidly at temperatures as mild as 40–50 °C, which is resulting in its growing popularity contributing to the growth rate witnessed by this segment.
• In context to Application, the Animal Feed and Food Preservatives segment held the largest market share of more than 50.0% in 2018, with a CAGR of 6.6% during the forecast period. The market share held by the Animal Feed and Food Preservatives segment is attributed to the high demand for PA in animal feed, which is a part of agriculture, which contributes to the market share held by this segment. In the application in animal feed, it is used either as ammonium salt or directly due to its ability in inhibiting the growth of certain bacteria.
• In regards to End-user, the Pharmaceutical segment is projected to witness a significant growth rate of 8.6% during the forecast period, which is expected to hold 6.0% of the market by 2027. Expansion of the pharmaceutical sector and applicability of PA and direct calcium or sodium salts formulations as an antibacterial food additive preservative in food for human consumption feed and pharmaceutical products like vaginal cream preparations contributes to the growth rate witnessed by this segment.       
• In regards to the region, Asia Pacific is projected to witness a considerable growth rate of 7.0% during the forecast period, which is expected to hold more than 20.0% of the market by 2027. The growth rate witnessed by the APAC region is attributed to the continuous growth of the pharmaceutical sector and high demand for herbicides and animal feeds, which contributes to the expansion of the market in this region.

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Propionic Acid Market Segmentation

Manufacturing Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• Hydrocarboxylation of ethylene
• Oxidation of propionaldehyde

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• Animal Feed and Food Preservatives
• Herbicides
• Cellulose Acetate Propionate
• Calcium, Ammonium, and Sodium Salts
• Plasticizers
• Others

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

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

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Propionic Acid market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Propionic Acid market.

The global Propionic Acid market is segmented into:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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