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Propionic Acid Market for Animal Feed & Grain Preservatives, Calcium & Sodium Propionates, Cellulose Acetate Propionate and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020

Published: Dec-2015 | Format: PDF | Zion | Number of pages: 110 | Code: MRS - 39993


The report covers, forecast and analysis for the propionic acid market on a global and regional level. The study provides historic and important data of 2014 along with a forecast from 2014 to 2020 based on both volumes (kilo tons) and revenue (USD million). The study includes drivers and restraints for the propionic acid market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the propionic acid market on a global level.

In order to give the users of this report a comprehensive view on the propionic acid market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the propionic acid market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.

The study provides a decisive view on the propionic acid market by segmenting the market based on applications and region. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key application markets covered under this study includes animal feed and grain preservatives, calcium and sodium propionates, cellulose acetate propionate, others (herbicides etc.). The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The market has been segmented into major countries including U.S., Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for propionic acid based on individual applications in all the regions and countries.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include The Dow Chemical Company, BASF SE, Celanese Corporation, Biomin Holdings GmbH, Perstorp Holdings GmbH, Daicel Corporation, A.M Food Chemical Co Ltd, and Prathista Industries Ltd.
    
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
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa
  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global propionic acid market volume and revenue, 2014 - 2020 (Kilo Tons) (USD Million)
    • 2.2. Global propionic acid market: Snapshot
  • Chapter 3. Propionic Acid Market– Industry Analysis
    • 3.1. Propionic acid: Market dynamics
    • 3.2. Value chain analysis
    • 3.3. Market drivers
      • 3.3.1. Drivers for global propionic acid market: Impact analysis
      • 3.3.2. Growing market for animal feed and grain preservatives
      • 3.3.3. Growth demand from emerging markets
    • 3.4. Market Restraints
      • 3.4.1. Restraints for global propionic acidmarket: Impact analysis
      • 3.4.2. Adverse effects of propionic acid
      • 3.4.3. Environmental impact
    • 3.5. Opportunities
      • 3.5.1. Increasing applications in medicinal or pharmaceutical industry
      • 3.5.2. Increasing demand for Vitamin E
    • 3.6. Porter’s Five Forces Analysis
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market Attractiveness Analysis, by application segment
      • 3.7.2. Market Attractiveness Analysis, by regional segment
  • Chapter 4. Global Propionic Acid Market– Competitive Landscape
    • 4.1. Company market share analysis, 2014
    • 4.2. Production capacity (subject to data availability)
    • 4.3. Raw material analysis
    • 4.4. Price Trend Analysis
  • Chapter 5. Global Propionic Acid Market –Application Segment Analysis
    • 5.1. Global propionic acid market: Application overview
      • 5.1.1. Global propionic acid market volume share by Application, 2014 and 2020
    • 5.2. Animal feed and grain preservatives
      • 5.2.1. Global propionic acid market for Animal feed and grain preservatives, 2014 – 2020 (Kilo Tons) (USD Million)
    • 5.3. Calcium and sodium propionates
      • 5.3.1. Global propionic acid market for calcium and sodium propionates, 2014 – 2020 (Kilo Tons) (USD Million)
    • 5.4. Cellulose acetate propionate
      • 5.4.1. Global propionic acid market for cellulose acetate propionate, 2014– 2020 (Kilo Tons) (USD Million)
    • 5.5. Others (Herbicides etc.)
      • 5.5.1. Global propionic acid market for other applications, 2014 – 2020 (Kilo Tons) (USD Million)
  • Chapter 6. Global Propionic Acid Market–Regional Segment Analysis
    • 6.1. Global propionic acid market: Regional overview
      • 6.1.1. Global propionic acid market volume share by Region, 2014 and 2020
    • 6.2. North America
      • 6.2.1. North America propionic acid market volume by application, 2014–2020 (Kilo Tons)
      • 6.2.2. North America propionic acid market revenue by application, 2014–2020 (USD Million)
      • 6.2.3. U.S.
        • 6.2.3.1. U.S. propionic acid market volume by application, 2014–2020, (Kilo Tons)
        • 6.2.3.2. U.S propionic acid market revenue by application,2014–2020, (USD Million)
    • 6.3. Europe
      • 6.3.1. Europe propionic acid market volume by application, 2014–2020 (Kilo Tons),
      • 6.3.2. Europe propionic acid market revenue by application, 2014–2020 (USD Million)
      • 6.3.3. Germany
        • 6.3.3.1. Germany propionic acid market volume by application, 2014–2020 (Kilo Tons)
        • 6.3.3.2. Germany propionic acid market revenue by application, 2014–2020 (USD Million)
      • 6.3.4. France
        • 6.3.4.1. France propionic acid market volume by application, 2014–2020 (Kilo Tons)
        • 6.3.4.2. France propionic acid market revenue by application, 2014–2020 (USD Million)
      • 6.3.5. U.K.
        • 6.3.5.1. U.K. propionic acid market volume by application, 2014–2020 (Kilo Tons)
        • 6.3.5.2. U.K.propionic acid market revenue by application, 2014–2020 (USD Million)
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific propionic acid market volume by application, 2014–2020 (Kilo Tons)
      • 6.4.2. Asia Pacific Propionic acid market revenue by application, 2014–2020 (USD Million)
      • 6.4.3. China
        • 6.4.3.1. China propionic acid market volume by application, 2014–2020 (Kilo Tons)
        • 6.4.3.2. China propionic acid market revenue by application, 2014–2020 (USD Million)
      • 6.4.4. Japan
        • 6.4.4.1. Japan propionic acid market volume by application, 2014–2020 (Kilo Tons)
        • 6.4.4.2. Japan propionic acid market revenue by application, 2014–2020 (USD Million)
      • 6.4.5. India
        • 6.4.5.1. India propionic acid market volume by application, 2014–2020 (Kilo Tons)
        • 6.4.5.2. India propionic acid market revenue by application, 2014–2020 (USD Million)
    • 6.5. Latin America
      • 6.5.1. Latin America propionic acid market volume by application, 2014–2020 (Kilo Tons)
      • 6.5.2. Latin America propionic acid market revenue by Application, 2014–2020 (USD Million)
      • 6.5.3. Brazil
        • 6.5.3.1. Brazil propionic acid market volume by application, 2014–2020 (Kilo Tons)
        • 6.5.3.2. Brazil propionic acid market revenue by application, 2014–2020 (USD Million)
    • 6.6. Middle East and Africa
      • 6.6.1. Middle East and Africa propionic acid market volume by application, 2014–2020 (Kilo Tons)
      • 6.6.2. Middle East and Africa propionic acid market revenue by application, 2014–2020 (USD Million)
  • Chapter 7. Company Profile
    • 7.1. The Dow Chemical Company
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product portfolio
      • 7.1.4. Business strategy
      • 7.1.5. Recent developments
    • 7.2. BASF SE
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product portfolio
      • 7.2.4. Business strategy
      • 7.2.5. Recent developments
    • 7.3. A.M Food Chemical Co Ltd.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product portfolio
      • 7.3.4. Business strategy
      • 7.3.5. Recent developments
    • 7.4. Biomin Holdings GmbH
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product portfolio
      • 7.4.4. Business strategy
      • 7.4.5. Recent developments
    • 7.5. Daicel Corporation
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product portfolio
      • 7.5.4. Business strategy
      • 7.5.5. Recent developments
    • 7.6. Celanese Corporation
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product portfolio
      • 7.6.4. Business strategy
      • 7.6.5. Recent developments
    • 7.7. Prathista Industries Ltd.
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product portfolio
      • 7.7.4. Business strategy
      • 7.7.5. Recent developments
    • 7.8. Perstorp Holdings GmbH
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments
    • 7.9. Eastman Chemical Company
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product portfolio
      • 7.9.4. Business strategy
      • 7.9.5. Recent developments

List of Tables

1. Global propionic acid market snapshot
2. Drivers for propionic acid market: Impact Analysis
3. Restraints for the propionic acid market: Impact analysis
4. North America propionic acid market volume, by application 2014-2020 (Kilo Tons)
5. North America propionic acid market revenues, by application 2014-2020 (USD Million)
6. U.S. propionic acid market volume, by application 2014-2020 (Kilo Tons)
7. U.S Propionic acid market revenues, by Application, 2014 – 2020 (USD Million)
8. Europe propionic acid market volume, by application 2014-2020 (Kilo Tons)
9. Europe propionic acid market revenues, by application 2014-2020 (USD Million)
10. Germany propionic acid market volume, by application 2014-2020 (Kilo Tons)
11. Germany propionic acid market revenues, by application, 2014 - 2020 (USD Million)
12. France propionic acid market volume, by application 2014-2020 (Kilo Tons)
13. France propionic acid market revenues, by application 2014-2020 (USD Million)
14. UK propionic acid market volume, by application 2014-2020 (Kilo Tons)
15. UK propionic acid market revenues, by application 2014-2020  (USD Million)
16. Asia Pacific propionic acid market volume, by application 2014-2020 (Kilo Tons)
17. Asia Pacific propionic acid market revenues, by application, 2014 - 2020 (USD Million)
18. China propionic acid market volume, by application 2014-2020 (Kilo Tons)
19. China propionic acid market revenues, by application, 2014 - 2020 (USD Million)
20. Japan propionic acid market volume, by application 2014-2020 (Kilo Tons)
21. Japan propionic acid market revenues, by application 2014-2020 (USD Million)
22. India propionic acid market volume, by application, 2014 - 2020(Kilo Tons)
23. India propionic acid market revenues, by application 2014-2020 (USD Million)
24. Latin America propionic acid market volume, by application 2014-2020 (Kilo Tons)
25. Latin America propionic acid market revenues, by application, 2014 - 2020 (USD Million)
26. Brazil propionic acid market volume, by application 2014-2020 (Kilo Tons)
27. Brazil propionic acid market revenues, by application, 2014 - 2020 (USD Million)
28. Middle East and Africa propionic acid market volume, by application 2014-2020 (Kilo Tons)
29. Middle East and Africa propionic acid market revenues, by application, 2014 - 2020 (USD Million)


List of Figures

1. Market Research Process
2. Market Research Methodology
3. Global Propionic acid market,  volume and revenue, 2014 – 2020 (Kilo Tons) (USD Million)
4. Value chain analysis
5. Porter’s five forces analysis
6. Market Attractiveness Analysis by Application Segment
7. Market Attractiveness Analysis by Regional Segment
8. Company Market Share Analysis
9. Global Propionic acid market volume share by Application, 2014 and 2020
10. Global propionic acid market for Animal feed and grain preservatives, 2014–2020 (Kilo Tons) (USD Million)
11. Global propionic acid market for calcium and sodium propionates, 2014–2020(Kilo Tons) (USD Million)
12. Global propionic acid market for cellulose acetate propionate, (Kilo Tons) (USD Million)
13. Global propionic acid market for other applications, 2014and 2020
14. Global Propionic acid market volume share by region, 2014and 2020

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Zion Research uses the synergy of combination of both primary research and secondary research for its research reports. For this study, we have conducted extensive primary research, wherein we have conducted in-depth interviews of the key opinion leader of this industry. Primary research make up for the biggest chunk of our data sources in addition to secondary research.

We referred to product literature of leading industry participants, annual reports, press releases, government publications, and other relevant sources for data collection and analysis thereof. Secondary research also includes a search of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations and agencies.  

Zion Research has collected key data related to the Propionic Acid Market and analyzed these data using a variety of methods. The market dynamics have been ascertained following a detailed study of the micro, meso, and macroeconomic indicators of the market.

This report is based on in-depth qualitative and quantitative analyses of the Global Propionic Acid Market . The quantitative analysis involved the application of various projection and sampling techniques. The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically partake in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Based on the research results and technical insights thus gathered, Zion research analysts have provided a comprehensive analysis of the varied aspects of the market. The impact of global economic conditions and other macroeconomic indicators was also considered when assessing the market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Propionic acid is also known as propanoic acid. Propionic acid is a colorless, oily liquid with a pungent and unpleasant odor. It is a naturally occurring carboxylic acid with a molecular formula of CH3CH2COOH. Ethylene and carbon monoxide are key raw materials used in the manufacture of Propionic acid. Propionic acid is mainly used as a preservative in animal feed and flavoring agent in packaged food such as baked goods and cheese. Propionic acid inhibits the growth of bacteria and molds. It is also used to make particular specific propionates for example cellulose acetate propionate (CAP), which is a useful thermoplastic. Furthermore, propionic acid is used as an intermediate chemical in the manufacture of herbicides, pharmaceuticals, dyes, textile and plastics, cosmetics, and perfumes.

Growing demand from animal feed and grain preservative segments is expected to be an important driving factor for the propionic acid market. Increasing demand from end application markets in emerging economies such as China, India, Brazil, etc. is expected to fuel the growth of propionic acid market. Strong growth of food and beverages industry across the world has been resulted into growing demand for flavoring agents. This is expected to be one the important driving factor for the growth of propionic acid market. However, the adverse effect on human health, including genetic changes, tumors and skin irritation, is estimated to be a major market restraint of the propionic acid market. Moreover, with ever increasing environmental concerns regarding use of pesticides, propionic acid may experience down trend is demand from crop protection chemicals in the years to come.

Propionic Acid Market

Animal feed and grain preservatives, calcium and sodium propionates, cellulose acetate propionate, others (herbicides etc.) are the key application market of propionic acid. Animal feed and a grain preservative was the leading and fastest growing application market for propionic acid market. It accounted for more than 45% share of the total volume consumed in 2014. A rapid growth in livestock farming is expected in the near future owing to strong demand for food, which in turn is expected to boost the demand for animal feed and grain preservatives. Calcium and sodium propionates accounted for the second largest application segment for propionic acid in 2014. However, cellulose acetate propionate (CAP) is expected to witness sluggish growth rate of 1.5% during the forecast period. Additionally, the herbicides market is expected to sluggish growth in the next few years owing to health hazards produced by herbicides.

The propionic acid market was dominated by Europe with over 37% share of the total volume consumed in 2014. Strong demand for propionic acid in the region can be attributed to the high demand for animal food and grain preservatives. UK, Germany, France, Italy, Spain, etc. are leading regional economies are driving the growth of propionic acid market in the region. Europe was followed by North America and Asia Pacific. Asia Pacific is growing at a rapid pace as compared to other geographies. Growing demand from industrial applications in the Asia Pacific is expected to further fuel the growth of propionic market in the region. Latin America and Middle East & Africa accounted for small share of the propionic acid market. However, Latin America and Middle East & Africa are expected to witness significant growth in the years to come.

Some of the major industry participants in global propionic acid market include The Dow Chemical Company, BASF SE, Celanese Corporation, Biomin Holdings GmbH, Perstorp Holdings GmbH, Daicel Corporation, A.M Food Chemical Co Ltd, and Prathista Industries Ltd.


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