About Propionic Acid

Propionic acid is a colorless and oily liquid and has an unpleasant and pungent smell. It is completely miscible with water and can also be separated from water by adding salts. It contains a carboxylic acid group and shows properties similar to carboxylic acid such as the formation of esters, amides, anhydrides, and chloride derivatives. Salts, esters, and anions of propionic acid are known as propionates. In industrial and commercial applications, widely used propionates are sodium propionates and calcium propionates.

Technavio’s analysts forecast the global propionic acid market to grow at a CAGR of 2.95% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global propionic acid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Propionic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• BASF
• The Dow Chemical Company
• Eastman Chemical Company
• Perstorp
• Macco Organiques

Other prominent vendors
• ADDCON
• A.M Food Chemical
• BIOMIN Holding
• Daicel
• Hawkins
• KEMIN Industries
• Krishna Chemicals
• Niacet
• OXEA
• Penta Manufacturing Company

Market driver
• Propionic acid in food preservation
• For a full, detailed list, view our report

Market challenge
• Health hazards due to direct exposure
• For a full, detailed list, view our report

Market trend
• Growing consumption of processed and packaged food products
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

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