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The Propionic Acid market covers Oxo process, Reppe process, By-product process, etc. The typical players include BASF, Dow, Perstorp, Eastman, Sasol, BASF-YPC, etc.
Market Analysis and Insights: Global Propionic Acid Market
Due to the COVID-19 pandemic, the global Propionic Acid market size is estimated to be worth US$ 773 million in 2021 and is forecast to a readjusted size of US$ 773 million by 2028 with a CAGR of 3.1% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Propionic Acid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
In the global Propionic Acid market, the main companies are BASF, Dow, Perstorp and Eastman, with a market share of more than 70%. The main regions are the Asia-Pacific region and the US market, with a market share of more than 60%. Reppe Process has the largest share of the Propionic Acid market, close to 50%. The application scenarios of Propionic Acid are mainly concentrated on Grain and Feed Preservatives, with a market share of about 40%.
Global Propionic Acid Scope and Market Size
The global Propionic Acid market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Propionic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Oxo Process
Reppe Process
By-product Process
Segment by Application
Grain and Feed Preservatives
Calcium and Sodium Salts
Herbicides
Cellulose Acetate Propionate
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
BASF
Dow
Perstorp
Eastman
Sasol
BASF-YPC.Co.,Ltd.
Yancheng Huade
Market Analysis and Insights: Global Propionic Acid Market
Due to the COVID-19 pandemic, the global Propionic Acid market size is estimated to be worth US$ 773 million in 2021 and is forecast to a readjusted size of US$ 773 million by 2028 with a CAGR of 3.1% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Propionic Acid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
In the global Propionic Acid market, the main companies are BASF, Dow, Perstorp and Eastman, with a market share of more than 70%. The main regions are the Asia-Pacific region and the US market, with a market share of more than 60%. Reppe Process has the largest share of the Propionic Acid market, close to 50%. The application scenarios of Propionic Acid are mainly concentrated on Grain and Feed Preservatives, with a market share of about 40%.
Global Propionic Acid Scope and Market Size
The global Propionic Acid market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Propionic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Oxo Process
Reppe Process
By-product Process
Segment by Application
Grain and Feed Preservatives
Calcium and Sodium Salts
Herbicides
Cellulose Acetate Propionate
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
BASF
Dow
Perstorp
Eastman
Sasol
BASF-YPC.Co.,Ltd.
Yancheng Huade
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