Propionic acid is a three-carbon carboxylic acid manufactured by the hydrocarboxylation of ethylene with the inclusion of a nickel carbonyl catalyst. It prevents the growth of some bacteria and mold due to which it is widely used as preservatives for food for human consumption and animal feed. In addition, it is used to make specialized propionates such as acetate propionate used as thermoplastics. Other applications of propionic acid and derivatives include solvents, and herbicides. Derivatives of propionic acid such as ibuprofen and fenoprofen are widely used in the pharmaceutical industry.
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The global industry for propionic acid & derivatives has grown considerably during the past few years and is expected to continue the same trend in the forecast period owing to the growing demand for food preservations, grain preservations and feed preservations. Europe was the largest market of propionic acid & derivatives mostly driven by the ban imposed on the antibiotics in pharmaceutical applications. In addition, the demand for propionic acid & derivatives in the European region is expected to remain strong with the huge demand in the grain and feed preservatives segment. Europe was followed by North America and Asia Pacific with U.S. being the largest single market for propionic acid & derivatives across the globe.
Factors such as growing demand for safe grain and feed preservations are expected to fuel the future growth for the propionic acid and derivatives market. In addition, changing lifestyle has also led to rising demand to augment the shelf life of food products thereby increasing the food preservatives demand, including propionates. However, rising health concerns due to exposure of propionic acid and derivatives causing irritation to skin and eyes has led to continuous monitoring by various health organizations. Niacet Corporation, Eastman Chemical, Perstorp, The Dow Chemical Company, and BASF SE are some of the major players dominating the propionic acid and derivatives industry.
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Current market trends
Market structure
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
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Browse Full Report With TOC: http://www.marketresearchreports.biz/analysis-details/propionic-acid-and-derivatives-market-global-industry-analysis-size-share-growth-trends-and-forecast-2013-2019
The global industry for propionic acid & derivatives has grown considerably during the past few years and is expected to continue the same trend in the forecast period owing to the growing demand for food preservations, grain preservations and feed preservations. Europe was the largest market of propionic acid & derivatives mostly driven by the ban imposed on the antibiotics in pharmaceutical applications. In addition, the demand for propionic acid & derivatives in the European region is expected to remain strong with the huge demand in the grain and feed preservatives segment. Europe was followed by North America and Asia Pacific with U.S. being the largest single market for propionic acid & derivatives across the globe.
Factors such as growing demand for safe grain and feed preservations are expected to fuel the future growth for the propionic acid and derivatives market. In addition, changing lifestyle has also led to rising demand to augment the shelf life of food products thereby increasing the food preservatives demand, including propionates. However, rising health concerns due to exposure of propionic acid and derivatives causing irritation to skin and eyes has led to continuous monitoring by various health organizations. Niacet Corporation, Eastman Chemical, Perstorp, The Dow Chemical Company, and BASF SE are some of the major players dominating the propionic acid and derivatives industry.
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a technological growth map over time to understand the industry growth rate
It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
To Get Download Full Report With TOC: http://www.marketresearchreports.biz/sample/toc/179969
About Us
MarketResearchReports.Biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact
M/s Sheela
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-997-4948
Email: sales@marketresearchreports.biz
Website: http://www.marketresearchreports.biz/
Blog: http://mrrbizreports.blogspot.com/
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