DUBLIN--(BUSINESS WIRE)--The "Global Propionic Acid Market - Size, Share, and Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.
The global propionic acid market is expected to grow by 3% annually. The demand for propionic acid is driven by the use as a preservative in animal feed and food for human consumption.
Propionic acid occurs naturally in the form of esters in essential oils. Propionic acid and its salts, mainly calcium, sodium, and ammonium, are used as preservatives for packed food, stored grain, and animal feed. Nearly 80% of the global propionic acid is consumed as preservatives. Another major use of propionic acid is in the production of diethyl ketone and Cellulose Acetate Propionate (CAP). Propionic acid serves as an intermediate in the production of herbicides, pharmaceuticals, dyes, textiles, plasticizers, cosmetics, and rubber products.
Increasing global demand for hygienic food is expected to propel the growth of the propionic acid market. There has been a significant increase in packaged food consumption, owing to changing lifestyles and preservatives being an integral part of convenience food. Growth of the agricultural industry is expected to further drive the propionic market. There is an ever-increasing demand for grain storage, herbicides, and pesticides. In addition, the demand for CAP from downstream industries is expected to influence the propionic market. However, direct human exposure to propionic acid can cause irritation and may be dangerous.
- Increasing Demand for Grain Preservatives and Safe Animal Feed
- Growing Convenience Food Industry
- Demand for CAP from the Down-stream Industry
- The Dow Chemical Company
- Eastman Chemical Company
- Hawkins, Inc.
- Yancheng Huade Biological Engineering Co. Ltd.
- Daicel Corporation
- Shanghai Jianbei Organic Chemical Co. Ltd.
- Macco Organiques Inc.
- Yancheng Hongtai Bioengineering Co. Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis ( Market Size, Growth, and Forecast)
6. Regional Analysis ( Market Size, Growth, and Forecast)
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/tz59gv/global_propionic