The propionic acid market has the potential to grow by 86.21 th MT during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3%.
The propionic acid market report extensively covers market segmentations by Application (Animal feed and grain preservatives, Sodium and calcium propionate, CAP, and Others) and Geography (Europe, North America, APAC, South America, and MEA) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.
What will the Propionic Acid Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Propionic Acid Market
Propionic Acid Market: Key Drivers and Trends
According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the use of propionic acid in food preservation are notably supporting the propionic acid market growth. However, one of the foremost factors impeding market growth is health hazards due to direct exposure. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.
This post-pandemic propionic acid market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.
Who are the Major Propionic Acid Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- BASF SE
- Corbion NV
- Daicel Corp.
- Dow Inc.
- Eastman Chemical Co.
- Koninklijke DSM NV
- Macco Organiques s.r.o.
- OQ Chemicals GmbH
- Otto Chemie Pvt. Ltd.
- Perstorp Holding AB
The propionic acid market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The propionic acid market is fragmented and is expected to provide favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the propionic acid market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Propionic Acid Market?
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The propionic acid market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 32% of the market’s growth will originate from North America during the forecast period. US, China, Germany, France, and India are the key markets for propionic acid market in North America.
The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Diversified applications of propionic acid will facilitate the propionic acid market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating Application Segments in the Propionic Acid Market?
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The propionic acid market share growth by the __ segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.
This report provides thorough propionic acid market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment and the growth of the propionic acid market size.
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Propionic Acid Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
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Market growth 2021-2025 |
86.21 th MT |
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Market structure |
Fragmented |
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YoY growth (%) |
2.85 |
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Regional analysis |
Europe, North America, APAC, South America, and MEA |
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Performing market contribution |
North America at 32% |
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Key consumer countries |
US, China, Germany, France, and India |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
BASF SE, Corbion NV, Daicel Corp., Dow Inc., Eastman Chemical Co., Koninklijke DSM NV, Macco Organiques s.r.o., OQ Chemicals GmbH, Otto Chemie Pvt. Ltd., and Perstorp Holding AB |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this Propionic Acid Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive propionic acid market growth during the next five years
- Precise estimation of the propionic acid market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the propionic acid market across Europe, North America, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of propionic acid market vendors
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