Rising Expanding Applications of Propionic Acid to Drive Growth of Market

Global propionic acid market was valued at $1,250 million and is anticipated to grow at a CAGR of 3.8% during the forecast period. Factors include increased usage in many industries, starting from food to agriculture and pharmaceuticals. Propionic acid is an all-purpose carboxylic acid essential for preserving shelf life, enhancing the quality of animal feed, and as an essential component of many chemical reactions. Propionic acid has grown into a solution satisfying strict rules and standards, from US FDA criteria for food-grade preservatives and European directives to govern animal feed additives, owing to the ever-increasing pressure from industries in every corner of the globe concerning the sustainability of the environment and quality of products. 

Browse the full report description of “Propionic Acid Market Size, Share & Trends Analysis Report by Application (Animal Feed & Grain Preservatives, Food Preservative, Herbicides, Cellulose Acetate Propionate (CAP), Pharmaceuticals and Others) Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/propionic-acid-market

Increasing Adoption of Propionic Acid in Various key Industries

• Propionic acid acts as a natural preservative that prevents the formation of germs, mold, and extends the shelf life of baked goods, dairy products, and other packaged foods.

• It is widely used in animal nutrition and it prevents mold growth in animal feed, thus ensuring safety in feed prolonging its storage life, and increasing animal output and health in the agriculture sector.

• The manufacture of the chemical cellulose acetate propionate that is used as coatings, films, and injection-molded plastics involves an intermediary product called propionic acid. In other agricultural products, it is required for the synthesis of herbicides.

Key Players and Innovations

Owing to the changing demands of the market, the major players in the global propionic acid market, such as BASF SE, Eastman Chemical Co., Merck KGaA, The Dow Chemical Co., and Thermo Fisher Scientific Inc., are continuously faced with innovative concepts. These companies concentrate on producing bio-based propionic acid, increasing the efficiency of process technologies, and finding high-growth applications for the product. For instance, to provide food and feed in an environmentally acceptable way, BASF SE manufactured bio-based propionic acid, that is derived from renewable raw materials. Moreover, Perstorp's innovations in eco-friendly chemical processes have also enhanced its status as a trusted business partner to the chemical and agricultural industries.

Market Coverage

• The market number available for – 2024-2035

• Base year- 2024

• Forecast period- 2025-2035

• Segment Covered- 

o By Application 

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - BASF SE, Eastman Chemical Co., Merck KGaA, The Dow Chemical Co., and Thermo Fisher Scientific Inc., and others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Propionic Acid Market Report Segment
By Application 

• Animal Feed & Grain Preservatives
• Food Preservative
• Herbicides
• Cellulose Acetate Propionate (CAP)
• Pharmaceuticals
• Others (Plasticizers)

Global Propionic Acid Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Russia

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Australia and New Zealand

• ASEAN Economies

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/propionic-acid-market