
Propionic acid is a three- carbon carboxylic acid with a molecular formula of CH3CH2COOH. It is a clear, colorless liquid with a pungent odor. It is commercially manufactured by the hydrocarboxylation of ethylene in the presence of nickel carbonyI catalyst. Propionic acid and derivatives are largely used as feed and food preservatives. It inhibits the growth of molds and bacteria. It is also used to make some specialized propionates, such as cellulose acetate propionate (CAP), which is a useful thermoplastic. The other applications include herbicides, pharmaceuticals, and solvents. It may cause rritation to the human body in case of contact, so various health organizations are involved in continuously monitoring its exposure levels.
The global Propionic Acid and Derivatives market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The global propionic acid market has grown significantly during the past few years and is expected to grow at a more rapid pace in the next five years, mainly driven by the growing demand from feed preservatives, grain preservatives, and food preservatives. Europe emerged as the largest market of propionic acid & derivatives mostly driven by the ban imposed on the antibiotics in some applications since 2006. The demand in the European region is likely to remain healthy due to huge demand for the feed and grain preservatives segment. The U.S. is the largest single market across the globe. Its consumption in other countries had improved over the past few years and is expected increase further over the near term.
This report aims to provide a comprehensive presentation of the global market for Propionic Acid and Derivatives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propionic Acid and Derivatives.
Report Scope
The Propionic Acid and Derivatives market size, estimations, and forecasts are provided in terms of output/shipments (Kiloton) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Propionic Acid and Derivatives market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Propionic Acid and Derivatives manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
BASF
Dow
Perstorp
Eastman
Sasol
BASF-YPC.Co.,Ltd.
Yancheng Huade
Segment by Type
Propionic Acid
Propionic Acid Derivatives
Segment by Application
Grain and Feed Preservatives
Calcium and Sodium Salts
Herbicides
Cellulose Acetate Propionate
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Propionic Acid and Derivatives manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Propionic Acid and Derivatives by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Propionic Acid and Derivatives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Propionic Acid and Derivatives Market Overview
1.1 Product Definition
1.2 Propionic Acid and Derivatives Segment by Type
1.2.1 Global Propionic Acid and Derivatives Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Propionic Acid
1.2.3 Propionic Acid Derivatives
1.3 Propionic Acid and Derivatives Segment by Application
1.3.1 Global Propionic Acid and Derivatives Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Grain and Feed Preservatives
1.3.3 Calcium and Sodium Salts
1.3.4 Herbicides
1.3.5 Cellulose Acetate Propionate
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Propionic Acid and Derivatives Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Propionic Acid and Derivatives Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Propionic Acid and Derivatives Production Estimates and Forecasts (2019-2030)
1.4.4 Global Propionic Acid and Derivatives Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Propionic Acid and Derivatives Production Market Share by Manufacturers (2019-2024)
2.2 Global Propionic Acid and Derivatives Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Propionic Acid and Derivatives, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Propionic Acid and Derivatives Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Propionic Acid and Derivatives Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Propionic Acid and Derivatives, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Propionic Acid and Derivatives, Product Offered and Application
2.8 Global Key Manufacturers of Propionic Acid and Derivatives, Date of Enter into This Industry
2.9 Propionic Acid and Derivatives Market Competitive Situation and Trends
2.9.1 Propionic Acid and Derivatives Market Concentration Rate
2.9.2 Global 5 and 10 Largest Propionic Acid and Derivatives Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Propionic Acid and Derivatives Production by Region
3.1 Global Propionic Acid and Derivatives Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Propionic Acid and Derivatives Production Value by Region (2019-2030)
3.2.1 Global Propionic Acid and Derivatives Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Propionic Acid and Derivatives by Region (2025-2030)
3.3 Global Propionic Acid and Derivatives Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Propionic Acid and Derivatives Production by Region (2019-2030)
3.4.1 Global Propionic Acid and Derivatives Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Propionic Acid and Derivatives by Region (2025-2030)
3.5 Global Propionic Acid and Derivatives Market Price Analysis by Region (2019-2024)
3.6 Global Propionic Acid and Derivatives Production and Value, Year-over-Year Growth
3.6.1 North America Propionic Acid and Derivatives Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Propionic Acid and Derivatives Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Propionic Acid and Derivatives Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Propionic Acid and Derivatives Production Value Estimates and Forecasts (2019-2030)
4 Propionic Acid and Derivatives Consumption by Region
4.1 Global Propionic Acid and Derivatives Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Propionic Acid and Derivatives Consumption by Region (2019-2030)
4.2.1 Global Propionic Acid and Derivatives Consumption by Region (2019-2024)
4.2.2 Global Propionic Acid and Derivatives Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Propionic Acid and Derivatives Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Propionic Acid and Derivatives Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Propionic Acid and Derivatives Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Propionic Acid and Derivatives Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Propionic Acid and Derivatives Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Propionic Acid and Derivatives Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Propionic Acid and Derivatives Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Propionic Acid and Derivatives Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Propionic Acid and Derivatives Production by Type (2019-2030)
5.1.1 Global Propionic Acid and Derivatives Production by Type (2019-2024)
5.1.2 Global Propionic Acid and Derivatives Production by Type (2025-2030)
5.1.3 Global Propionic Acid and Derivatives Production Market Share by Type (2019-2030)
5.2 Global Propionic Acid and Derivatives Production Value by Type (2019-2030)
5.2.1 Global Propionic Acid and Derivatives Production Value by Type (2019-2024)
5.2.2 Global Propionic Acid and Derivatives Production Value by Type (2025-2030)
5.2.3 Global Propionic Acid and Derivatives Production Value Market Share by Type (2019-2030)
5.3 Global Propionic Acid and Derivatives Price by Type (2019-2030)
6 Segment by Application
6.1 Global Propionic Acid and Derivatives Production by Application (2019-2030)
6.1.1 Global Propionic Acid and Derivatives Production by Application (2019-2024)
6.1.2 Global Propionic Acid and Derivatives Production by Application (2025-2030)
6.1.3 Global Propionic Acid and Derivatives Production Market Share by Application (2019-2030)
6.2 Global Propionic Acid and Derivatives Production Value by Application (2019-2030)
6.2.1 Global Propionic Acid and Derivatives Production Value by Application (2019-2024)
6.2.2 Global Propionic Acid and Derivatives Production Value by Application (2025-2030)
6.2.3 Global Propionic Acid and Derivatives Production Value Market Share by Application (2019-2030)
6.3 Global Propionic Acid and Derivatives Price by Application (2019-2030)
7 Key Companies Profiled
7.1 BASF
7.1.1 BASF Propionic Acid and Derivatives Corporation Information
7.1.2 BASF Propionic Acid and Derivatives Product Portfolio
7.1.3 BASF Propionic Acid and Derivatives Production, Value, Price and Gross Margin (2019-2024)
7.1.4 BASF Main Business and Markets Served
7.1.5 BASF Recent Developments/Updates
7.2 Dow
7.2.1 Dow Propionic Acid and Derivatives Corporation Information
7.2.2 Dow Propionic Acid and Derivatives Product Portfolio
7.2.3 Dow Propionic Acid and Derivatives Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Dow Main Business and Markets Served
7.2.5 Dow Recent Developments/Updates
7.3 Perstorp
7.3.1 Perstorp Propionic Acid and Derivatives Corporation Information
7.3.2 Perstorp Propionic Acid and Derivatives Product Portfolio
7.3.3 Perstorp Propionic Acid and Derivatives Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Perstorp Main Business and Markets Served
7.3.5 Perstorp Recent Developments/Updates
7.4 Eastman
7.4.1 Eastman Propionic Acid and Derivatives Corporation Information
7.4.2 Eastman Propionic Acid and Derivatives Product Portfolio
7.4.3 Eastman Propionic Acid and Derivatives Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Eastman Main Business and Markets Served
7.4.5 Eastman Recent Developments/Updates
7.5 Sasol
7.5.1 Sasol Propionic Acid and Derivatives Corporation Information
7.5.2 Sasol Propionic Acid and Derivatives Product Portfolio
7.5.3 Sasol Propionic Acid and Derivatives Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Sasol Main Business and Markets Served
7.5.5 Sasol Recent Developments/Updates
7.6 BASF-YPC.Co.,Ltd.
7.6.1 BASF-YPC.Co.,Ltd. Propionic Acid and Derivatives Corporation Information
7.6.2 BASF-YPC.Co.,Ltd. Propionic Acid and Derivatives Product Portfolio
7.6.3 BASF-YPC.Co.,Ltd. Propionic Acid and Derivatives Production, Value, Price and Gross Margin (2019-2024)
7.6.4 BASF-YPC.Co.,Ltd. Main Business and Markets Served
7.6.5 BASF-YPC.Co.,Ltd. Recent Developments/Updates
7.7 Yancheng Huade
7.7.1 Yancheng Huade Propionic Acid and Derivatives Corporation Information
7.7.2 Yancheng Huade Propionic Acid and Derivatives Product Portfolio
7.7.3 Yancheng Huade Propionic Acid and Derivatives Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Yancheng Huade Main Business and Markets Served
7.7.5 Yancheng Huade Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Propionic Acid and Derivatives Industry Chain Analysis
8.2 Propionic Acid and Derivatives Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Propionic Acid and Derivatives Production Mode & Process
8.4 Propionic Acid and Derivatives Sales and Marketing
8.4.1 Propionic Acid and Derivatives Sales Channels
8.4.2 Propionic Acid and Derivatives Distributors
8.5 Propionic Acid and Derivatives Customers
9 Propionic Acid and Derivatives Market Dynamics
9.1 Propionic Acid and Derivatives Industry Trends
9.2 Propionic Acid and Derivatives Market Drivers
9.3 Propionic Acid and Derivatives Market Challenges
9.4 Propionic Acid and Derivatives Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
BASF
Dow
Perstorp
Eastman
Sasol
BASF-YPC.Co.,Ltd.
Yancheng Huade
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Ìý
*If Applicable.
