Propionic acid is a clear liquid with a strong odour. It has synonyms such as carboxylic acid, carboxyethane, ethane carboxylic acid, and ethyl formic acid, and is miscible with water and a few organic solvents. Propionic acid is a naturally occurring chemical that can be found in essential oils as esters. Carbon monoxide and ethylene are two important raw ingredients utilized in the synthesis of propionic acid. Propionic acid provide antifungal as well as antimicrobial properties which will increases its demand in propionic acid for animal feed market.
This report contains market size and forecasts of Propionic Acid for Animal Feed in global, including the following market information:
Global Propionic Acid for Animal Feed Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Propionic Acid for Animal Feed Market Sales, 2017-2022, 2023-2028, (K Tons)
Global top five Propionic Acid for Animal Feed companies in 2021 (%)
The global Propionic Acid for Animal Feed market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Oxo Process Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Propionic Acid for Animal Feed include Dow, BASF, Eastman Chemical Company, Mitsubishi Chemical Corporation, Hawkins, Kemin Industries, Merck, Titan Biotech and Celanese Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Propionic Acid for Animal Feed manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Propionic Acid for Animal Feed Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Propionic Acid for Animal Feed Market Segment Percentages, by Type, 2021 (%)
Oxo Process
Reppe Process
By-Product Process
Global Propionic Acid for Animal Feed Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Propionic Acid for Animal Feed Market Segment Percentages, by Application, 2021 (%)
Chemical
Agriculture
Others
Global Propionic Acid for Animal Feed Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Propionic Acid for Animal Feed Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Propionic Acid for Animal Feed revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Propionic Acid for Animal Feed revenues share in global market, 2021 (%)
Key companies Propionic Acid for Animal Feed sales in global market, 2017-2022 (Estimated), (K Tons)
Key companies Propionic Acid for Animal Feed sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Dow
BASF
Eastman Chemical Company
Mitsubishi Chemical Corporation
Hawkins
Kemin Industries
Merck
Titan Biotech
Celanese Corporation
Corbion
Novus International
Oxea
Perstorp
Niacet
Macco Organiques
ADDCON GmbH
Impextraco NV
Krishna Chemicals
Prathista Industries Limited