Global Propionic Acid Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030
1 Market Overview
- 1.1 Product Overview and Scope of Propionic Acid
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Market Analysis by Type
- 1.3.1 Overview: Global Propionic Acid Consumption Value by Type: 2019 Versus 2023 Versus 2030
- 1.3.2 Oxo Process
- 1.3.3 Reppe Process
- 1.3.4 By-product Process
- 1.4 Market Analysis by Application
- 1.4.1 Overview: Global Propionic Acid Consumption Value by Application: 2019 Versus 2023 Versus 2030
- 1.4.2 Grain and Feed Preservatives
- 1.4.3 Calcium and Sodium Salts
- 1.4.4 Herbicides
- 1.4.5 Cellulose Acetate Propionate
- 1.4.6 Others
- 1.5 Global Propionic Acid Market Size & Forecast
- 1.5.1 Global Propionic Acid Consumption Value (2019 & 2023 & 2030)
- 1.5.2 Global Propionic Acid Sales Quantity (2019-2030)
- 1.5.3 Global Propionic Acid Average Price (2019-2030)
2 Manufacturers Profiles
- 2.1 BASF
- 2.1.1 BASF Details
- 2.1.2 BASF Major Business
- 2.1.3 BASF Propionic Acid Product and Services
- 2.1.4 BASF Propionic Acid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.1.5 BASF Recent Developments/Updates
- 2.2 Dow
- 2.2.1 Dow Details
- 2.2.2 Dow Major Business
- 2.2.3 Dow Propionic Acid Product and Services
- 2.2.4 Dow Propionic Acid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.2.5 Dow Recent Developments/Updates
- 2.3 Perstorp
- 2.3.1 Perstorp Details
- 2.3.2 Perstorp Major Business
- 2.3.3 Perstorp Propionic Acid Product and Services
- 2.3.4 Perstorp Propionic Acid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.3.5 Perstorp Recent Developments/Updates
- 2.4 Eastman
- 2.4.1 Eastman Details
- 2.4.2 Eastman Major Business
- 2.4.3 Eastman Propionic Acid Product and Services
- 2.4.4 Eastman Propionic Acid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.4.5 Eastman Recent Developments/Updates
- 2.5 Sasol
- 2.5.1 Sasol Details
- 2.5.2 Sasol Major Business
- 2.5.3 Sasol Propionic Acid Product and Services
- 2.5.4 Sasol Propionic Acid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.5.5 Sasol Recent Developments/Updates
- 2.6 BASF-YPC.Co.,Ltd.
- 2.6.1 BASF-YPC.Co.,Ltd. Details
- 2.6.2 BASF-YPC.Co.,Ltd. Major Business
- 2.6.3 BASF-YPC.Co.,Ltd. Propionic Acid Product and Services
- 2.6.4 BASF-YPC.Co.,Ltd. Propionic Acid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.6.5 BASF-YPC.Co.,Ltd. Recent Developments/Updates
- 2.7 Yancheng Huade
- 2.7.1 Yancheng Huade Details
- 2.7.2 Yancheng Huade Major Business
- 2.7.3 Yancheng Huade Propionic Acid Product and Services
- 2.7.4 Yancheng Huade Propionic Acid Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.7.5 Yancheng Huade Recent Developments/Updates
3 Competitive Environment: Propionic Acid by Manufacturer
- 3.1 Global Propionic Acid Sales Quantity by Manufacturer (2019-2024)
- 3.2 Global Propionic Acid Revenue by Manufacturer (2019-2024)
- 3.3 Global Propionic Acid Average Price by Manufacturer (2019-2024)
- 3.4 Market Share Analysis (2023)
- 3.4.1 Producer Shipments of Propionic Acid by Manufacturer Revenue ($MM) and Market Share (%): 2023
- 3.4.2 Top 3 Propionic Acid Manufacturer Market Share in 2023
- 3.4.2 Top 6 Propionic Acid Manufacturer Market Share in 2023
- 3.5 Propionic Acid Market: Overall Company Footprint Analysis
- 3.5.1 Propionic Acid Market: Region Footprint
- 3.5.2 Propionic Acid Market: Company Product Type Footprint
- 3.5.3 Propionic Acid Market: Company Product Application Footprint
- 3.6 New Market Entrants and Barriers to Market Entry
- 3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
- 4.1 Global Propionic Acid Market Size by Region
- 4.1.1 Global Propionic Acid Sales Quantity by Region (2019-2030)
- 4.1.2 Global Propionic Acid Consumption Value by Region (2019-2030)
- 4.1.3 Global Propionic Acid Average Price by Region (2019-2030)
- 4.2 North America Propionic Acid Consumption Value (2019-2030)
- 4.3 Europe Propionic Acid Consumption Value (2019-2030)
- 4.4 Asia-Pacific Propionic Acid Consumption Value (2019-2030)
- 4.5 South America Propionic Acid Consumption Value (2019-2030)
- 4.6 Middle East and Africa Propionic Acid Consumption Value (2019-2030)
5 Market Segment by Type
- 5.1 Global Propionic Acid Sales Quantity by Type (2019-2030)
- 5.2 Global Propionic Acid Consumption Value by Type (2019-2030)
- 5.3 Global Propionic Acid Average Price by Type (2019-2030)
6 Market Segment by Application
- 6.1 Global Propionic Acid Sales Quantity by Application (2019-2030)
- 6.2 Global Propionic Acid Consumption Value by Application (2019-2030)
- 6.3 Global Propionic Acid Average Price by Application (2019-2030)
7 North America
- 7.1 North America Propionic Acid Sales Quantity by Type (2019-2030)
- 7.2 North America Propionic Acid Sales Quantity by Application (2019-2030)
- 7.3 North America Propionic Acid Market Size by Country
- 7.3.1 North America Propionic Acid Sales Quantity by Country (2019-2030)
- 7.3.2 North America Propionic Acid Consumption Value by Country (2019-2030)
- 7.3.3 United States Market Size and Forecast (2019-2030)
- 7.3.4 Canada Market Size and Forecast (2019-2030)
- 7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe
- 8.1 Europe Propionic Acid Sales Quantity by Type (2019-2030)
- 8.2 Europe Propionic Acid Sales Quantity by Application (2019-2030)
- 8.3 Europe Propionic Acid Market Size by Country
- 8.3.1 Europe Propionic Acid Sales Quantity by Country (2019-2030)
- 8.3.2 Europe Propionic Acid Consumption Value by Country (2019-2030)
- 8.3.3 Germany Market Size and Forecast (2019-2030)
- 8.3.4 France Market Size and Forecast (2019-2030)
- 8.3.5 United Kingdom Market Size and Forecast (2019-2030)
- 8.3.6 Russia Market Size and Forecast (2019-2030)
- 8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific
- 9.1 Asia-Pacific Propionic Acid Sales Quantity by Type (2019-2030)
- 9.2 Asia-Pacific Propionic Acid Sales Quantity by Application (2019-2030)
- 9.3 Asia-Pacific Propionic Acid Market Size by Region
- 9.3.1 Asia-Pacific Propionic Acid Sales Quantity by Region (2019-2030)
- 9.3.2 Asia-Pacific Propionic Acid Consumption Value by Region (2019-2030)
- 9.3.3 China Market Size and Forecast (2019-2030)
- 9.3.4 Japan Market Size and Forecast (2019-2030)
- 9.3.5 Korea Market Size and Forecast (2019-2030)
- 9.3.6 India Market Size and Forecast (2019-2030)
- 9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
- 9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America
- 10.1 South America Propionic Acid Sales Quantity by Type (2019-2030)
- 10.2 South America Propionic Acid Sales Quantity by Application (2019-2030)
- 10.3 South America Propionic Acid Market Size by Country
- 10.3.1 South America Propionic Acid Sales Quantity by Country (2019-2030)
- 10.3.2 South America Propionic Acid Consumption Value by Country (2019-2030)
- 10.3.3 Brazil Market Size and Forecast (2019-2030)
- 10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa
- 11.1 Middle East & Africa Propionic Acid Sales Quantity by Type (2019-2030)
- 11.2 Middle East & Africa Propionic Acid Sales Quantity by Application (2019-2030)
- 11.3 Middle East & Africa Propionic Acid Market Size by Country
- 11.3.1 Middle East & Africa Propionic Acid Sales Quantity by Country (2019-2030)
- 11.3.2 Middle East & Africa Propionic Acid Consumption Value by Country (2019-2030)
- 11.3.3 Turkey Market Size and Forecast (2019-2030)
- 11.3.4 Egypt Market Size and Forecast (2019-2030)
- 11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
- 11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Market Dynamics
- 12.1 Propionic Acid Market Drivers
- 12.2 Propionic Acid Market Restraints
- 12.3 Propionic Acid Trends Analysis
- 12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
- 13.1 Raw Material of Propionic Acid and Key Manufacturers
- 13.2 Manufacturing Costs Percentage of Propionic Acid
- 13.3 Propionic Acid Production Process
- 13.4 Propionic Acid Industrial Chain
14 Shipments by Distribution Channel
- 14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
- 14.2 Propionic Acid Typical Distributors
- 14.3 Propionic Acid Typical Customers
15 Research Findings and Conclusion
16 Appendix
- 16.1 Methodology
- 16.2 Research Process and Data Source
According to our (Global Info Research) latest study, the global Propionic Acid market size was valued at USD 795.4 million in 2023 and is forecast to a readjusted size of USD 976 million by 2030 with a CAGR of 3.0% during review period.
The Propionic Acid market covers Oxo process, Reppe process, By-product process, etc. The typical players include BASF, Dow, Perstorp, Eastman, Sasol, BASF-YPC, etc.
In the global Propionic Acid market, the main companies are BASF, Dow, Perstorp and Eastman, with a market share of more than 70%. The main regions are the Asia-Pacific region and the US market, with a market share of more than 60%. Reppe Process has the largest share of the Propionic Acid market, close to 50%. The application scenarios of Propionic Acid are mainly concentrated on Grain and Feed Preservatives, with a market share of about 40%.
The Global Info Research report includes an overview of the development of the Propionic Acid industry chain, the market status of Grain and Feed Preservatives (Oxo Process, Reppe Process), Calcium and Sodium Salts (Oxo Process, Reppe Process), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Propionic Acid.
Regionally, the report analyzes the Propionic Acid markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Propionic Acid market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Propionic Acid market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Propionic Acid industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Kiloton), revenue generated, and market share of different by Type (e.g., Oxo Process, Reppe Process).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Propionic Acid market.
Regional Analysis: The report involves examining the Propionic Acid market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Propionic Acid market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Propionic Acid:
Company Analysis: Report covers individual Propionic Acid manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Propionic Acid This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Grain and Feed Preservatives, Calcium and Sodium Salts).
Technology Analysis: Report covers specific technologies relevant to Propionic Acid. It assesses the current state, advancements, and potential future developments in Propionic Acid areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Propionic Acid market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Propionic Acid market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Oxo Process
Reppe Process
By-product Process
Market segment by Application
Grain and Feed Preservatives
Calcium and Sodium Salts
Herbicides
Cellulose Acetate Propionate
Others
Major players covered
BASF
Dow
Perstorp
Eastman
Sasol
BASF-YPC.Co.,Ltd.
Yancheng Huade
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Propionic Acid product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Propionic Acid, with price, sales, revenue and global market share of Propionic Acid from 2019 to 2024.
Chapter 3, the Propionic Acid competitive situation, sales quantity, 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 quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Propionic Acid market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Propionic Acid.
Chapter 14 and 15, to describe Propionic Acid sales channel, distributors, customers, research findings and conclusion.