Propionic Acid Market Overview,Experience important Growth during the Forecast Period 2020-2027
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 employs a top-down and bottom-up approach to gain critical insights into the Propionic Acid market and the data is further validated and verified from industry experts, professionals, and analysts. 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. Propionic acid [PA] is a carboxylic acid that is present naturally in various dairy products at a low level. 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. It is widely used as an antifungal agent in food. It inhibits the growth of some bacteria and mold at the levels between 0.1 and 1% by weight.
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.
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The Propionic Acid market research report highlights the major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It elaborates on various aspects these regional markets, such as shifting consumer tastes & preferences, fluctuations in supply & demand, changing production & consumption patterns, and revenue growth rate of each market. In addition, the report analyzes the current position of each player in the Propionic Acid market leveraging various analytical tools such as Porter’s Five Forces analysis, SWOT analysis, and Capacity Utilization analysis.
Manufacturing Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Hydrocarboxylation of ethylene
- Oxidation of propionaldehyde
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Animal Feed and Food Preservatives
- Herbicides
- Cellulose Acetate Propionate
- Calcium, Ammonium, and Sodium Salts
- Plasticizers
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Agriculture
- Personal Care
- Food and Beverage
- Pharmaceutical
- Others
To know more about the report @ https://www.reportsanddata.com/report-detail/propionic-acid-market
The 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. Growing demand for consumer products such as soaps, perfumes, detergents, extensive usage of chemicals and raw materials in industries including buildings & construction, food & beverage, and agriculture, and increasing demand for environmentally sustainable raw materials and chemicals are among the key drivers for the industry growth. Rising environmental awareness, technological advancements in various chemical products, development of organic chemicals and materials, growing use of high-performance agrochemicals and specialty chemicals are other major factors bolstering the growth of this industry.
Frequently Asked Questions (FAQs):
- What is the expected revenue growth rate of the global Propionic Acid market?
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- What are the latest and emerging trends influencing market growth significantly?
- What are the imminent risks and challenges in the Propionic Acid industry?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis performed by authors of the report?
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