Propionic Acid Market is expected to grow at a CAGR of 6.5% during the forecast period. Global Propionic Acid Market is expected to reach US$ 2.63 Bn by 2029.
Propionic Acid Market Overview
Propionic Acid Market Research Reports provide qualitative and quantitative insights into key market development determinants, limitations, opportunities, and issues from a global Propionic Acid market. The research is based on forecasts from major organizations as well as market statistics. Sales growth figures at several regional and national market levels, as well as a competitive climate for predicted periods and individual firm valuations, are all included in market research. The Propionic Acid Market Report provides growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029 during the forecast period.
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Market Scope
According to the forecast, the Propionic Acid market is grown at a stable growth rate between 2022 and 2029. Import/export consumption, supply and demand, price, market share, market penetration, sales volume, revenue generated, and gross margins are covered in the Propionic Acid market research report. In the Propionic Acid market, the report looks at each industry manufacturing site, capacity, production, market price, sales revenue, and market share. Some of the countries engaged are the United States, Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, and Brazil.
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Segmentation
Propionic acid is a colorless fluid with pungent odor. It is miscible with water and few organic solvents and is also called as ethanecarboxylic acid, carboxylic acid, carboxyethane, ethylformic acid, etc. Propionic acid is a naturally occurring substance which is exist in the form of esters in essential oils. Key crude materials used for the production of propionic acid are carbon monoxide and ethylene. It can be commercially acquired by hydrocarboxylation of ethylene in the existence of nickel carbonyl as a catalyst. It has been proved that PA lowers fatty acids content in liver and plasma, decreases food intake, uses immunosuppressive actions and probably increases tissue insulin sensitivity. Propionic acid is a vapor explosion threat. Vapors are heavier than air and may extended and ignition or flashback may occur. Propionic acid is stable under storage Condition.
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Key Players
• BASF SE
• DowDuPont
• Perstorp Orgnr
• Eastman Chemical Company
• Macco Organiques Inc.
• Krishna Chemicals
• A.M. Food Chemical Co., Ltd.
• Merck KGaA
• OXEA GmbH
• Perstorp
• Biomin Holdings GmbH.
• DAICEL CORPORATION
• Hawkins, Inc.
• Corbion N.V.
• Otto Chemie Pvt. Ltd.
• Oman Oil Company SAOC
• Celanese Corporation
Regional Analysis
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the regions that make up the Propionic Acid market. The market’s primary geographic condition, as well as segments and sub-segments, are examined in the Propionic Acid Industry Research. In terms of market size, share, and volume, the report examines the current state of regional development. The Propionic Acid market report includes a geographic condition of the market, and revenue as well as an in-depth look at the business network structure, opportunities, and news updates.
Key Questions answered in the Propionic Acid Market Report are:
- What is Propionic Acid Market?
- What is the forecast period of the Propionic Acid Market?
- What is the competitive scenario of the Propionic Acid market?
- Which region held the largest market share in the Propionic Acid Market?
- What are the opportunities for the Propionic Acid Market?
- What factors are affecting the Propionic Acid market growth?
- Who are the key players of the Propionic Acid market?
- Which company held the largest share in the Propionic Acid market?
- What will be the CAGR of the Propionic Acid market during the forecast period?
- What key trends are likely to emerge in the Propionic Acid market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Propionic Acid#
- Landscape- Leading key players and other prominent key players.
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The global phenolic resins market demonstrates a fierce completion on account of several new and established players operating across the globe, states newly launched market research report by Transparency Market Research (TMR).
Grab an exclusive sample of this report hereThe global phenolic resins market stood at US$9.91 bn in 2013.
However, in the coming years, Asia Pacific is expected to surpass in terms of market share.On the basis of geography, the global phenolic resins marker has been classified into the Middle East and Africa, Latin America, North America, Europe, and Asia Pacific.
And it holds the market share for product segment of over 48 in year 2012.For more actionable insights into the competitive landscape of global market, get a customized report hereRising Consumer Demand Across Various Industry Verticals Strengthening Global Phenolic Resins MarketThe rising awareness among consumers regarding the advanced properties of phenolic resin is expected to support the growth of the overall market in the coming few year.Phenolic resins are extensively used in various industries for instance automobile, rubber, laminates, adhesive, building construction and so forth.
Market share of wood-adhesive are rapidly increasing due to remarkable growth of real estate industries in developing countries of Asia-Pacific region.
Furthermore, increased usage of phenolic molding compounds in automotive sector so as to reduce the fuel consumption by the vehicle has given a massive push to the global phenolic resins market.To Buy Report, Visit – https://www.transparencymarketresearch.com/checkout.php?rep_id=2074=S Rising Environmental Regulations May Dampen Prospects of MarketPhenolic resins are primarily made from synthetic polymers which are opposed by the governing bodies in most part of the world.
The statistical surveying report on the global P-Hydroxyphenyl-Propionic Acid Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.The global P-Hydroxyphenyl-Propionic Acid (CAS 501-97-3) market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform.
The report further highlights the market drivers, restraints and the top manufacturers at the global and regional levels.
For a thorough understanding, the report also offers market segmentation and regional analysis for the forecast period from 2020 to 2025.Get FREE Sample Report Copy https://www.decisiondatabases.com/contact/download-sample-42196According to this study, over the next five years, the P-Hydroxyphenyl-Propionic Acid (CAS 501-97-3) market will register an 8.9% CAGR in terms of revenue, the global market size will reach US$ 22 million by 2024, from US$ 16 million in 2020.
Reports and Data has recently published a new report titled “Global Propionic Acid Market” that offers key insights into market share, market size, revenue growth, current and emerging trends, macro- and micro-economic growth factors, regulatory framework, and geographical bifurcation.
The report presents an 8-year forecast for the market growth along with market information such as supply and demand ratio, dominant players, market revenue, driving factors, restraints, and challenges to offer a better understanding of the Propionic Acid market.The Global Propionic Acid market is forecast to reach USD 1.71 Billion by 2027, according to a new report by Reports and Data.
PA also occurs ubiquitously along with other short-chain fatty acids (SCFA) in the gastrointestinal tract of mammals and humans as an end-product of the microbial digestion of carbohydrates.
PA has important physiological activity in animals, which is resulting in its growing demand in the pharmaceutical sector.
Top Companies Profiled in the Report:Dow, BASF SE, Hawkins Inc., Eastman Chemical Company, Perstorp, Yancheng Huade Biological Engineering Co. Ltd, Sasol, DAICEL CORPORATION, Shanghai Jianbei Organic Chemical Co. Ltd and Celanese Corporation.Receive a sample copy of the global Propionic Acid market report, visit @ https://reportsanddata.com/sample-enquiry-form/2786The Propionic Acid market research report highlights the major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Manufacturing Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)Hydrocarboxylation of ethyleneOxidation of propionaldehydeApplication Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)Animal Feed and Food PreservativesHerbicidesCellulose Acetate PropionateCalcium, Ammonium, and Sodium SaltsPlasticizersOthersEnd-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)AgriculturePersonal CareFood and BeveragePharmaceuticalOthers To know more about the report @ https://www.reportsanddata.com/report-detail/propionic-acid-marketThe materials & chemicals industry consists of companies that engage in the manufacture of a wide range of industrial and commercial products using various chemicals and raw materials such as oil, natural gas, metals, and minerals.
