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Published: Dec, 2014 | Pages:
80 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)
Global Propionic Acid Market is expected to reach USD 1.53 billion by 2020, according to a new study by Grand View Research, Inc. Animal feed application dominated the propionic acid market accounting for over 50% of global demand in 2013. Increasing demand for mold & bacteria curbing additives in animal feed coupled with growing concern for improving animal nutrition is expected to drive market growth.
Europe was the largest regional market accounting for over 35% of global propionic acid market demand in 2013. Favorable regulatory scenario along with growing food preservative & animal feed market in the region has favored propionic acid demand over the past few years. The regional market is expected to continue dominance over the forecast period on account of new market supporting regulations and expanding niche applications including herbicides & bakery preservatives. ‘The European Union Hygiene Directive’ by REACH aims towards maintaining hygiene and quality of mixed-feed products and is expected to fuel propionic acid market growth over the next six years.
Further key findings from the study suggest:
Global propionic acid market demand was 399.4 kilo tons in 2013 and is expected to exceed 470.0 kilo tons by 2020, growing at an estimated CAGR of 2.7% from 2014 to 2020.
North America propionic acid market accounted for over 28% of global demand in 2013 and is estimated to lose share to high growth regions such as Asia Pacific. Asia Pacific market is expected to grow at a CAGR of over 3% from 2014 to 2020 owing to expanding animal feed additives industry in Australia, India and China. Chinese propionic acid market is characterized by growing demand in food preservatives and pharmaceuticals.
Calcium & sodium propionate was the second largest application segment accounting for over 18% of the global demand in 2013 and is estimated to grow at a CAGR of over 2.5% from 2014 to 2020. Increasing packed food consumption due to changing lifestyle is expected to drive calcium & sodium propionate demand in food preservatives.
Propionic acid market comprises some major chemical manufacturing firms and is moderately consolidated. The market participants have been investing heavily on capacity expansions and application development. Some key players in the market include BASF, Eastman Chemical Company, Dow, Perstorp and Biomin Holdings GmbH.
For the purpose of this study, Grand View Research has segmented the propionic acid market on the basis of application and region:
Global Propionic Acid Market Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2020)
• Animal feed
• Calcium & Sodium Propionate
• Cellulose Acetate Propionate
• Others (Herbicides)
Global Propionic Acid Market Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
Table of Contents
Chapter 1. Executive Summary 1.1. Propionic acid- Industry Summary and Critical Success Factors (CSFs) Chapter 2. Propionic Acid Industry Outlook 2.1. Market Segmentation 2.2. Market Size and Growth Prospects 2.3. Propionic Acid Value Chain Analysis 2.4. Propionic Acid Market Dynamics 2.4.1. Market Driver Analysis 2.4.2. Market Restraint Analysis 2.5. Key Opportunities Prioritized 2.6. Industry Analysis - Porter's 2.7. Propionic Acid- Company Market Share Analysis, 2013 2.8. Propionic Acid Market PESTEL Analysis, 2012 Chapter 3. Propionic Acid Application Outlook 3.1. Propionic Acid Market Share by Application, 2012 - 2020 3.2. Animal Feed 3.2.1. Market estimates and forecast, 2012-2020 (Kilo Tons) (USD Million) 3.2.2. Market estimates and forecast, by region, 2012-2020 (Kilo Tons) (USD Million) 3.3. Calcium & Sodium Propionate 3.3.1. Market estimates and forecast, 2012-2020 (Kilo Tons) (USD Million) 3.3.2. Market estimates and forecast, by region, 2012-2020 (Kilo Tons) (USD Million) 3.4. Cellulose Acetate Propionate 3.4.1. Market estimates and forecast, 2012-2020 (Kilo Tons) (USD Million) 3.4.2. Market estimates and forecast, by region, 2012-2020 (Kilo Tons) (USD Million) 3.5. Others 3.5.1. Market estimates and forecast, 2012-2020 (Kilo Tons) (USD Million) 3.5.2. Market estimates and forecast, by region, 2012-2020 (Kilo Tons) (USD Million) Chapter 4. Propionic acid Regional Outlook 4.1. North America 4.1.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million) 4.1.2. Market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million) 4.2. Europe 4.2.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million) 4.2.2. Market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million) 4.3. Asia Pacific 4.3.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million) 4.3.2. Market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million) 4.4. RoW 4.4.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million) 4.4.2. Market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million) Chapter 5. Competitive Landscape 5.1 BASF SE 5.1.1 Company Overview 5.1.2 Financial Performance 5.1.3 Product Benchmarking 5.1.4 Strategic Initiatives 5.2 Addcon Group Gmbh 5.2.1 Company Overview 5.2.2 Financial Performance 5.2.3 Product Benchmarking 5.2.4 Strategic Initiatives 5.3 BASF-YPC Company Limited 5.3.1 Company Overview 5.3.2 Financial Performance 5.3.3 Product Benchmarking 5.3.4 Strategic Initiatives 5.4 A.M. Food Chemicals Co. Ltd 5.4.1 Company Overview 5.4.2 Financial Performance 5.4.3 Product Benchmarking 5.4.4 Strategic Initiatives 5.5 Biomin Holding Gmbh 5.5.1 Company Overview 5.5.2 Financial Performance 5.5.3 Product Benchmarking 5.5.4 Strategic Initiatives 5.6 The Dow Chemical Company 5.6.1 Company Overview 5.6.2 Financial Performance 5.6.3 Product Benchmarking 5.6.4 Strategic Initiatives 5.7 Daicel Corporation 5.7.1 Company Overview 5.7.2 Financial Performance 5.7.3 Product Benchmarking 5.7.4 Strategic Initiatives 5.8 DSM 5.8.1 Company Overview 5.8.2 Financial Performance 5.8.3 Product Benchmarking 5.8.4 Strategic Initiatives 5.9 Perstorp Holding Ab 5.9.1 Company Overview 5.9.2 Financial Performance 5.9.3 Product Benchmarking 5.9.4 Strategic Initiatives 5.10 Eastman Chemical Company 5.10.1 Company Overview 5.10.2 Financial Performance 5.10.3 Product Benchmarking 5.10.4 Strategic Initiatives 5.11 Prathista Industries Ltd 5.11.1 Company Overview 5.11.2 Financial Performance 5.11.3 Product Benchmarking 5.11.4 Strategic Initiatives 5.12 Krishna Chemicals 5.12.1 Company Overview 5.12.2 Financial Performance 5.12.3 Product Benchmarking 5.12.4 Strategic Initiatives 5.13 KEMIN Industries Inc 5.13.1 Company Overview 5.13.2 Financial Performance 5.13.3 Product Benchmarking 5.13.4 Strategic Initiatives 5.14 Niacet Corporation 5.14.1 Company Overview 5.14.2 Financial Performance 5.14.3 Product Benchmarking 5.14.4 Strategic Initiatives 5.15 Monarch Chemicals 5.15.1 Company Overview 5.15.2 Financial Performance 5.15.3 Product Benchmarking 5.15.4 Strategic Initiatives 5.16 Kemira 5.16.1 Company Overview 5.16.2 Financial Performance 5.16.3 Product Benchmarking 5.16.4 Strategic Initiatives Chapter 6. Methodology and Scope 6.1. Research Methodology 6.2. Research Scope & Assumption 6.3. List of Data Sources List of Tables
1. Propionic acid - Industry Summary & Critical Success Factors (CSFs) 2. Global propionic acid market volume and revenue, 2012 - 2020 3. Global propionic acid market volume estimates and forecast by region, 2012-2020 (Kilo Tons) 4. Global propionic acid market revenue estimates and forecast by region, 2012-2020 (USD million) 5. Global propionic acid market volume estimates and forecast by application, 2012-2020 (Kilo Tons) 6. Global propionic acid market revenue estimates and forecast by application, 2012-2020 (USD million) 7. Propionic acid - Key driver analysis 8. Propionic acid - Key restraint analysis 9. Global propionic acid demand estimates & forecast from animal feed , 2012-2020 (Kilo Tons) (USD Million) 10. Global propionic acid demand estimates & forecast from animal feed, by region, 2012-2020 (Kilo Tons) 11. Global propionic acid demand estimates & forecast from animal feed, by region , 2012-2020 (USD Million) 12. Global propionic acid demand estimates & forecast from calcium & sodium propionate, 2012-2020 (Kilo Tons) (USD Million) 13. Global propionic acid demand estimates & forecast from calcium & sodium propionate, by region, 2012-2020 (Kilo Tons) 14. Global propionic acid demand estimates & forecast from calcium & sodium propionate, by region, 2012-2020 (USD Million) 15. Global propionic acid demand estimates & forecast from cellulose acetate propionate, 2012-2020 (Kilo Tons) (USD Million) 16. Global propionic acid demand estimates & forecast from cellulose acetate propionate, by region, 2012-2020 (Kilo Tons) 17. Global propionic acid demand estimates & forecast from cellulose acetate propionate, by region, 2012-2020 (USD Million) 18. Global propionic acid demand estimates & forecast from other applications, 2012-2020 (Kilo Tons) (USD Million) 19. Global propionic acid demand estimates & forecast from other applications, by region, 2012-2020 (Kilo Tons) 20. Global propionic acid demand estimates & forecast from other applications, by region, 2012-2020 (USD Million) 21. North America propionic acid market estimates & forecast, 2012 - 2020 (Kilo Tons) (USD Million) 22. North America propionic acid market volume estimates & forecast, by application, 2012 - 2020 (Kilo Tons) 23. North America propionic acid market revenue estimates & forecast, by application, 2012 - 2020 (USD Million) 24. Europe propionic acid market estimates & forecast, 2012 - 2020 (Kilo Tons) (USD Million) 25. Europe propionic acid market volume estimates & forecast, by application, 2012 - 2020 (Kilo Tons) 26. Europe propionic acid market revenue estimates & forecast, by application, 2012 - 2020 (USD Million) 27. Asia Pacific propionic acid market estimates & forecast, 2012 - 2020 (Kilo Tons) (USD Million) 28. Asia Pacific propionic acid market volume estimates & forecast, by application, 2012 - 2020 (Kilo tons) 29. Asia Pacific propionic acid market revenue estimates & forecast, by application, 2012 - 2020 (USD Million) 30. RoW propionic acid market estimates & forecast, 2012 - 2020 (Kilo Tons) (USD Million) 31. RoW propionic acid market volume estimates & forecast, by application, 2012 - 2020 (Kilo Tons) 32. RoW propionic acid market revenue estimates & forecast, by application, 2012 - 2020 (USD Million) List of Figures 1. Propionic acid market segmentation 2. Global propionic acid market (Volume & Revenue), 2012 - 2020 3. Propionic acid - Value chain analysis 4. Propionic acid - Market dynamics 5. Propionic acid - Company market share analysis, 2013 6. Key opportunities prioritized 7. Industry analysis - Porter's 8. Propionic acid PESTEL analysis, 2013 9. Global propionic acid market volume share, by application, 2013 & 2020 10. Global propionic acid market volume share, by region, 2013 & 2020
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