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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in the Propionic Acid Market
The companies offer innovative solutions across sectors such as packaging, infrastructure, and consumer care. They supply a wide range of products, including chemicals, plastics, and advanced materials.
- BASF SE
- The Dow Chemical Company
- Eastman Chemical Company
- OQ Chemicals GmbH
- Perstorp Holding AB
- Otto Chemie Pvt. Ltd.
- Impextraco NV
- Shanghai Jianbei Organic Chemical Co., Ltd.
- Others
Propionic Acid Market Report Snapshots
Propionic Acid Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately 476.39 KMT in 2023.
The global propionic acid market is assessed to grow at a CAGR of 3.3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 638.07 KMT by 2032.
The major market drivers include expansion of the pharmaceutical sector and rising requirement for feed due to increased consumption of livestock products.
The key trends fuelling the growth of the market include rising consumption of packaged foods and increasing prevalence of diseases.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The end uses of propionic acid include agriculture, food and beverage, personal care, and pharmaceuticals, among others.
The market's key players are BASF SE, The Dow Chemical Company, Eastman Chemical Company, OQ Chemicals GmbH, Perstorp Holding AB, Otto Chemie Pvt. Ltd., Impextraco NV, and Shanghai Jianbei Organic Chemical Co., Ltd., among others.
Based on the type, the market is divided into herbicides, food preservatives, chemical intermediates and others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124