Albany, NY -- (SBWIRE) -- 07/10/2014 -- Propionic acid is a naturally occurring carboxylic acid. In its pure state, it is a clear, colorless liquid with pungent odor. It is miscible in water. Calcium and sodium propionates, cellulose acetate propionate and herbicides are expected to drive the global propionic acid market due to a wide range of applications such as feed and grain preservatives for animals and food preservatives for humans. High demand from industries such as pharmaceutical, food and plastic for propionic acid is anticipated to boost the global propionic acid market in the near future.
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This study analyzes, estimates and forecasts the global propionic acid market in terms of demand, based on volume (Kilo tons) and revenue (USD million) from 2013 to 2019. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
The report provides a detailed view of the propionic acid market by key applications. The report segments the market into key applications that include animal feed and grain preservatives, calcium and sodium propionates, cellulose acetate propionate (CAP) and others such as herbicides. Moreover, the report segments the market based on key geographies including North America, Europe, Asia Pacific and Rest of the World. The report further provides market volume and revenue for each application segment under every regional segment.
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Based on the propionic acid application segment, the report analyzes the attractiveness of each segment with the help of an attractiveness tool. The study includes a value chain analysis, which provides a better understanding of key players in supply chain from raw material manufacturers to end-users. Additionally, the study analyzes market competition and industry players using Porter’s five forces analysis.
The report includes an overview of the market share of key companies in the global propionic acid market. Key market participants profiled in the study include BASF SE, The Dow Chemical Company, Celanese Corporation, Daicel Corporation, Perstorp Holdings GmbH, Biomin Holdings GmbH, Prathista Industries Ltd and A.M Food Chemical Co Ltd. Profiles of key participants comprise important parameters such as company overview, financial overview, business strategy, SWOT analysis and recent developments.
The report segments the global propionic acid market as:
Propionic Acid Market - Application Segment Analysis,
- Animal feed and grain preservatives
- Calcium and sodium propionates
- Cellulose Acetate Propionate
- Others (Herbicides etc.)
Propionic Acid Market - Regional Segment Analysis,
- North America
- Asia Pacific
- Rest of the World (RoW)
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