Propionic Acid Market is expected to grow at a CAGR of 6.5% during the forecast period. Global Propionic Acid Market is expected to reach US$ 2.63 Bn by 2029.
Propionic Acid Market Overview
Maximize Market research, a global Healthcare market research firm, has published competitive intelligence market research report on Propionic Acid Market The Propionic Acid market revenue is expected to grow at a CAGR of percent from 2022 to 2029, reaching USD Propionic Acid bn during the forecast period. The Propionic Acid market overview gives thorough details about the size of the market, trade statistics, leading players in the industry, technical advancement key segments etc.
Propionic Acid Market Report Scope and Research Methodology
Maximize Market Research has collected the data through Primary research surveys from Propionic Acid dealers, suppliers and producers. The company's annual reports and secondary sources, such as reliable paid and free databases are carefully examined to verify the facts for the Propionic Acid market report. The scope of the research includes the analysis of market dynamics, regulations, segments & industry rivalry.
The report is equipped with a competitive analysis of the Propionic Acid Market players. Key players and new entrants in the market are listed together to provide a thorough analysis. The Propionic Acid Market was analysed by region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The new entrants & existing players in Propionic Acid market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Propionic Acid market for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the Propionic Acid market size.
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Propionic Acid Market Regional Insights
The Regional Analysis in the report helps to understand the potential of the Propionic Acid market in various countries. All the factors affecting the regional Propionic Acid market have been included in the report. The report includes a detailed explanation of all the factors, market size, growth rate, and import and export in all the regions. The regions covered in the section include:
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Propionic Acid Market Segmentation
Propionic acid is a colorless fluid with pungent odor. It is miscible with water and few organic solvents and is also called as ethanecarboxylic acid, carboxylic acid, carboxyethane, ethylformic acid, etc. Propionic acid is a naturally occurring substance which is exist in the form of esters in essential oils. Key crude materials used for the production of propionic acid are carbon monoxide and ethylene. It can be commercially acquired by hydrocarboxylation of ethylene in the existence of nickel carbonyl as a catalyst.
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Propionic Acid Market Key Players
• BASF SE
• DowDuPont
• Perstorp Orgnr
• Eastman Chemical Company
• Macco Organiques Inc.
• Krishna Chemicals
• A.M. Food Chemical Co., Ltd.
• Merck KGaA
• OXEA GmbH
• Perstorp
• Biomin Holdings GmbH.
• DAICEL CORPORATION
• Hawkins, Inc.
• Corbion N.V.
• Otto Chemie Pvt. Ltd.
• Oman Oil Company SAOC
• Celanese Corporation
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