Asia-Pacific propionic acid & derivatives market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.7% in the forecast period of 2020 to 2027 and is expected to reach USD 609,208.68 thousand by 2027.
The credible PROPIONIC ACID AND DERIVATIVES MARKET analysis report gives an in-depth knowledge on what the recent developments, products launches are, while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market industry. All the numerical data included in the report is backed up by excellent tools such as SWOT analysis, Porter's Five Forces Analysis and others. The report on the global PROPIONIC ACID AND DERIVATIVES MARKET is a valuable document for every market enthusiast, policymaker, investor, and market player. Analytical study of PROPIONIC ACID AND DERIVATIVES MARKET report helps in mapping growth strategies to increase sales and build brand image in the market.
Propionic Acid and Derivatives Market Scope & Size:
- On the basis of product, the propionic acid & derivatives market is segmented into propionic acid and derivatives. In 2020, propionic acid segment has the largest market share owing to factors such as the increasing applications of propionic acid in various industries.
- On the basis of grade, the propionic acid & derivatives market is segmented into industrial grade/technical grade, food grade, feed grade and pharma grade. In 2020, feed grade segment dominated the propionic acid & derivatives market owing to factors such as the increased use of propionic acid in feeds due to the property of propionic acid which acts as a mold inhibitor in the feed products.
- On the basis of form, the propionic acid & derivatives market is segmented into dry and liquid. In 2020, liquid segment holds the largest market share owing to the less corrosive nature of liquid propionic acid.
- On the basis of type, the propionic acid & derivatives market is segmented into encapsulated and non-encapsulated. In 2020, non-encapsulated segment dominated the propionic acid & derivatives markets because it is easy to use in various products such as in animal feed products and most of the manufacturers are manufacturing non-encapsulated propionic acid.
- On the basis of source, the propionic acid & derivatives market is segmented into natural and synthetic. In 2020, natural segment dominated the propionic acid & derivatives market because natural sources are available in larger proportion than synthetic sources and they are not harmful for the nature as well.
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Some of the key questions answered in this report:
How has the Propionic Acid and Derivatives Market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-16.8 on the Propionic Acid and Derivatives Market?
- What are the key regional markets?
- What is the breakup of the market based on the procedure?
- What is the breakup of the market based on the injury location?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Propionic Acid and Derivatives Market and who are the key players?
- What is the degree of competition in the industry?
Market Analysis and Insight: Propionic Acid and Derivatives Market
- The use of propionic acid is increasing in various applications such as in feed preservatives, food preservatives and many others. Also, if they are used in an appropriate proportion, they can increase the feed intake in animals. So, the propionic acid and its derivatives have less side effects and it is safe for use in various applications and acting as driving factor for the propionic acid & derivatives market. The increasing demand for propionic acid in various applications is increasing the prices of propionic acid and its derivatives. Hence, it can act as a restraining factor for the propionic acid & derivatives market.
- The propionic acid helps in the prevention of animal feed from mold and other bacteria’s and thus helps in promoting the growth in animals by increasing the quality of feed. Hence, it can be the great opportunity for propionic acid producers in the propionic acid & derivatives market. The health hazards related to the propionic acid are very dangerous and in a severe case, it can lead to the death of the person as well. Hence, this can be a challenge for propionic acid manufacturers in the propionic acid & derivatives market.
Propionic Acid and Derivatives Market - Regional Level Analysis
- The countries covered in the propionic acid & derivatives market report are China, Japan, India, Australia, South Korea, Thailand, Singapore, Indonesia, Malaysia, Philippines and rest of Asia-Pacific.
- China is dominating the market as the production and consumption of the propionic acid and derivatives are high. Manufacturer of feed, food and other industries are highly consuming it for the preservation purposes. However, India may grow in future as population is increasing which is demanding for more food and feed.
Propionic Acid and Derivatives Market - Share Analysis:
- Asia-Pacific propionic acid & derivatives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to propionic acid & derivatives market.
Key player - Propionic Acid and Derivatives Market
The major players covered in the report are
- Kemin Industries, Inc.
- M FOOD CHEMICAL CO., LIMITED.
- Biomin
- Niacet
- Impextraco NV
- Finoric LLC
- Eastman Chemical Company
- Perstorp
- NOVUS INTERNATIONAL
- Spectrum Chemical Manufacturing Corp.
- Celanese Corporation
- Dow
- Krishna Chemicals, Daicel Corporation and others.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Propionic Acid and Derivatives Market Share by Product & Procedure type
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