Propionic acid, in several manufacturing processes, can be safely used as an intermediate. If propionic acid comes in contact with the skin, then it may cause severe burns and pain. It can lead to extreme discomfort and probably blindness if it gets into a person’s eyes. These factors are, therefore, expected to restrain the growth of the industry. Propionic acid is a fungicide and bactericide registered to suppress fungi and bacteria in stored crops, hay, and grain storage areas. Propionic acid is productive for both healthy animal products and human health as an antibiotic growth promoter. Acid esters find their use as solvents or artificial flavourings that replace chemical flavourings. These uses of propionic acid provide lucrative prospects for business growth.
Propionic acid is widely used in animal feed and several packaged food products as a preservative, as it helps limit mold growth in feed and food products. However, the lack of technological innovation in product offerings and rising environmental concerns regarding the use of herbicides hampers the market growth. Besides, market players face the increasing challenge of reducing product sales margins, which in turn has an impact on their overall revenue. Propionic acid manufacturers are entering untapped and developing markets to overcome the result of these challenges and gain a higher competitive edge in the global market.
The consumers use propionic acid as sodium and calcium propionate, cellulose acetate propionate, and others. Animal feed and grain preservatives use these acids. Another application includes the use of the product in pharmaceuticals, textiles, herbicides, plastics, perfumes, etc., as a chemical intermediate. The substance used as a flavoring and antimicrobial agent in the food & beverage industry is safe as it comes in the category of Generally Recognized as Safe (GRAS) by the U.S. Uh. FDA.
The market for propionic acid anticipates touching over USD 1.85 billion by 2026. The market expects to grow during the 2021-2026 forecast period at a CAGR of 5.7 percent. The growing demand for the preservation of grain and animal feed and the food industry has led to the positive growth of the global market.
Europe dominates the Propionic Acid market. The market for the food industry and the agro-based market is Germany. Investments in the food industry support the demand for propionic acid. Around 4% of Italy’s population is committed to the agriculture sector. In Italy, there is potential for growth in demand for propionic acid during the forecast period. There is also an increase in demand in the pharmaceutical industry for propionic acid. Due to the growing animal feed, food and beverage, and personal care industries, the Asia-Pacific region expects to experience the highest CAGR. In Asia-Pacific countries, agriculture is predominant, serving as a catalysis for the rapid growth of the demand for propionic acid.
Scope of Global Propionic Acid Market:
• The report estimates the 2021-2026 market development trends of the Global Propionic Acid Market. It provides an analysis of upstream raw materials, downstream demand, and current market dynamics.
• The report gives a brief description of the industry comprising of definitions, applications, and manufacturing technology.
• The report covers the main drivers, restraints, and challenges that might shape the Global Propionic Acid Market in the future.
• The report studies the international industry stakeholders in detail.
• The total market further divides by application, region, and end-users for the competitive landscape analysis.
• The report depicts the global market of propionic acid, which includes the production, value chains, supply, and demands, etc., which explains itself using statistical analysis.
• The report also provides insight into the products of the Global Propionic Acid Market.
• The report analyzes the developments, such as joint ventures, expansions, and new product launches in the Global Propionic Acid Market.
Log into https://chemicalmarketforecast.com for more information and other related products.
The global specialty chemicals market is segmented based on region and type.
However, variation in costs of raw materials and stringent regulations by the government may hamper the growth of the global specialty chemicals market.The pharmaceutical industry accounted for the largest segment of this industry vertical in 2019.
This is due to the numerous applications across this sector including drugs for cardiovascular diseases, skin disorders, etc.
The increase in population base along with growing food demand leads to increased crop protection and production.
The agricultural land has decreased over the years due to urbanization and industrialization.
The rise in the food and beverage demand is likely to increase the demand for food additives.The United States is the second-largest global producer of coatings and paints.
Hot melt adhesives are the thermoplastic adhesives that are available in different sticks of cylindrical shape that can readily melt in a hot melt gun.
Hot Melt Adhesives Market size exceeded USD 6.60 billion, globally in 2018 and is estimated to grow at over 6.4% CAGR between 2019 and 2026.
The Hot Melt Adhesives analysis gives an exhaustive investigation of this market alongside the modern trends and future projections to shed light on the impending investment pockets.
They are much efficient as compared to other forms of adhesives in terms of efficient action and are fast sticking action and starts processing as soon as it comes into use as they do not need any drying application.Get More Information @ https://www.quincemarketinsights.com/industry-analysis/global-hot-melt-adhesives-market/1724The stick form of Hot melt adhesives is widely used in these applications because of its ease of use and the availability of HMA guns.
The growth in end-use industries such as packaging and construction has marked the tremendous growth of the global hot melt adhesives market.The Asia Pacific and the Middle East are expected to register substantial growth in the hot melt adhesives market during the forecast period.
The market growth is mainly driven by an increase in consumer spending power in emerging economies and the rapid expansion of the packaging industry.
The Global Propionic Acid Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Propionic acid is a chemical compound which naturally occurs as carboxylic acid.
Propionic acid is clear oily liquid with an irritating and strong pungent smell.
Propionic acid is corrosive in nature and miscible with water.
It resembles general properties of carboxylic acid and can form amides, esters, anhydrides, amide and other salts which are called propionates.
Propionic acid has various industrial applications and is used in food preservatives and additives, pharmaceuticals, solvents, pesticides and in production of polymers.
Tech Cloud ERP provides best ERP software for chemical industry in India.
Try a free demo on ERP for chemical industries.
Tech Cloud ERP Software Solutions Provider of business management tools like ERP, CRM, and Accounting in India.We are proved to announce that we deployed around 200+ projects.
The Latest Trending Report Global Propionic Acid Market 2020 By Manufacturers, Regions, Type And Application, Forecast To 2025 Offered By Decisiondatabases.Com Is An Informative Study Covering The Market With Detailed Analysis.
The Report Will Assist Reader With Better Understanding And Decision Making.The Propionic Acid market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Propionic Acid industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Propionic Acid and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/41459-propionic-acid-industry-analysis-reportThe major players covered in Propionic Acid are:BASFSINOPEC QiluEastmanDowDuPontBASF-YPCPerstorpYancheng HongtaiSasolDaicelYancheng HuadeShanghai JianbeiBy Type, Propionic Acid market has been segmented into:Oxo processReppe processBy-product processBy Application, Propionic Acid has been segmented into:Grain and feed preservativesCalcium and sodium saltsHerbicidesCellulose acetate propionateOthersThe report offers in-depth assessment of the growth and other aspects of the Propionic Acid market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Propionic Acid Market @ https://www.decisiondatabases.com/contact/download-sample-41459The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Propionic Acid product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Propionic Acid, with price, sales, revenue and global market share of Propionic Acid in 2018 and 2019.Chapter 3, the Propionic Acid competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Propionic Acid breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Propionic Acid market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Propionic Acid sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Propionic Acid Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-41459All Acid Related Reports by DecisionDatabases.com @ https://goo.gl/R5nHjXAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
