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. Moreover, it is employed as an intermediate for the making of various chemicals such as cellulose acetate propionate. In addition, it is used widely in preservatives and herbicides, as it shows the development of mold and bacteria.
The global propionic acid market is divided into end-use industry, application, and region. By application, the market is divided into rubber products, herbicides, food preservative, plasticizers, animal feed, cellulose acetate propionate, calcium salts, ammonium salts, and others. The animal feed segment is one of the main income generators credited to rise in requirement for propionic acid in livestock farming and increase in usage of dairy & poultry products. By end-use industry, the market is divided into agriculture, chemical, pharmaceuticals, food & beverage, personal care, and others. The food & beverages leads the market, due to rise in employment of propionic acid in flavoring agents. Area wise, the market is divided across Europe, North America, LAMEA, and Asia Pacific.
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.
Key Players in the Propionic Acid Market Report
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., and Daicel Corporation.
Source Link: https://brandessenceresearch.com/chemical-and-materials/propionic-acid-market-size
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