Propionic Acid Market Size, Share Outlook Growth by Top Company, Development, Application, Segmentation, Trends and Forecast 2020-2025
The ‘Propionic Acid market’ research report fabricated by Brand Essence Market Research is an in-depth analysis of the latest trends persuading the business outlook. The report also offers a concise summary of statistics, market valuation, and profit forecast, along with elucidating paradigms of the evolving competitive environment and business strategies enforced by the behemoths of this industry.
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Scope of The Propionic Acid Market Report:
A noteworthy amount of propionic acid is used all over the world to make cellulose acetate propionate. Reasonably developing downstream usage of cellulose acetate propionate is predicted to facilitate the development of the global propionic acid market, though at a steady speed, over the coming period.
Propionic acid is an organic acid (naturally occurring) that is created by the reaction of carbon monoxide and ethylene. The chemical formula for propionic acid is C3H6O2 or CH3CH2COOH with 141.15°C as boiling point. This acid is believed as secure for the employment in versatile preservative in human food and animal feed as well as common food additive. It has antimicrobial and antifungal properties, and thereby acts as crop defending agent.
Propionic Acid Manufacturers:
The major players included in the global propionic acid market forecast are,
- Hawkins Inc
- BASF SE
- Perstorp
- Eastman Chemical Company
- The Dow Chemical Company
- Celanese Corporation
- Yancheng Huade Biological Engineering Co. Ltd
- A.M. Food Chemical Co. Ltd.
- Macco Organiques Inc.
- Daicel Corporation.
Propionic Acid Market Key Segments:
Application: Animal Feed and Food Preservatives, Calcium, Ammonium, and Sodium Salts, Cellulose Acetate Propionate, Herbicides, Plasticizers, Rubber Products, Other
By End-user: Agriculture, Food and Beverage, Personal Care, Pharmaceutical, Other
Asia Pacific To Have A Major Share Of The Global Market In The Years To Come
Owing to developing food & feed production and population, market outlook for Asia Pacific is predicted to stay fairly positive over the years to come. In Western Europe and North America, the propionic acid market is predicted to grow at moderate speed.
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