Market Analysis and Insights: Global Propionic Acid Market
Propionic acid market is expected to attain a potential growth by 2027 growing at a growth rate of 7.50% in the forecast period of 2020 to 2027.
The significant determinants stimulating the business include boosting requirement for cereals preservatives and reliable animal fodder, thriving support of the food enterprise, and need for CAP from the downstream business. Such assertive increment circumstances are anticipated to stimulate the cultivation sector, globally, which in accomplishment, is anticipated to enlarge the application of propionic acid in the farming division through the forecast interval. Harmful consequences of propionic acid on personal well-being and environmental interests concerning the application of pesticides are foreseen to hamper market germination. Propionate esters as substitutes for catalysts are expected to serve as opportunities in the coming times.
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This propionic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research propionic acid market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Propionic Acid Market Scope and Market Size
Global Propionic acid market is segmented on the basis of application, and end user industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of application, the propionic acid market is segmented into animal feed and food preservatives, calcium, ammonium, and sodium salts, cellulose acetate propionate, herbicides, plasticizers, rubber products, and other applications.
• On the basis of end-user industry, the propionic acid market is segmented into agriculture, food & beverage, personal care, pharmaceutical, other end-user industries.
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Propionic Acid Market Country Level Analysis
Propionic acid market is analysed and market size, volume information is provided by country, application, and end user as referenced above.
The countries covered in the propionic acid market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe is anticipated to command the global market through the projection period. Germany is an important undertaking for the food manufacturing and cultivation sector in the province. Encouraged by the continuing advances in the food enterprise, the demand for propionic acid is to improve at a positive degree in the region.
The country section of the propionic acid market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Propionic Acid Market Share Analysis
Propionic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to propionic acid market.
The major players covered in the propionic acid market report are
BASF SE, Dow, DAICEL CORPORATION, Eastman Chemical Company, Hawkins Inc., Yancheng Huade (Dancheng) Biological Engineering Co., Ltd., Perstorp, Sasol Place, Macco Organiques Inc., Celanese Corporation, and OXEA GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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