Propionic Acid & Derivatives Market to Reach $1,622.2 Million by 2018 at a 7.8% CAGR - New Report by MarketsandMarkets

Share Article

This research report categorizes the global market for propionic acid & derivatives on the basis of applications and geography, forecasting volumes, value, and analyzing trends in each of the submarkets.

MarketsandMarkets

MarketsandMarkets

Major Players are BASF SE (Germany), The Dow Chemical Company (U.S.), Perstorp (Sweden), and Eastman Chemical (U.S.), while Niacet Corporation (U.S.) and Macco (Canada).

"Propionic Acid & Derivatives Market By Applications (Animal Feed & Grain Preservatives, Food Preservatives, Herbicides, Cellulose Acetate Propionate) & Geography - Global Trends & Forecast To 2018" defines and segments the global propionic acid market with an analysis and forecasting of the global consumption volume.

Browse

  • 90 Market Data Tables
  • 30 Figures
  • 228 Pages and In-Depth Table of Content on "Propionic Acid & Derivatives Market"

http://www.marketsandmarkets.com/Market-Reports/propionic-acid-derivatives-market-1079.html

Early buyers will receive 10% customization on this report.

The global propionic acid & derivatives market is currently dominated by North America and Europe. The demand from the feed & grain preservatives and food preservatives segments fueled the growth in these regions. In the coming few years, demand from the emerging countries is likely to increase on the back of rising awareness about the benefits of propionic acid & derivatives for feed and food preservatives.

Propionic acid & derivatives application as preservatives has increased tremendously, as it is considered as one of the best and safest mold and bacteria inhibitor in the animal feed and grain preservative segment. The propionic acid & derivatives demand as preservatives will continue to grow from the developed and emerging markets. However, developing markets demand for propionic acid & derivatives will register higher growth compared with the developed markets in the coming five years.

Europe is the largest region, both in terms of volume and value, followed by North America, Asia-Pacific, and Rest of World. The U.S., China, France, Spain, Germany, Italy, and U.K. are likely to remain major markets for propionic acid & derivatives. The major players of propionic acid & derivatives include BASF SE (Germany), The Dow Chemical Company (U.S.), Perstorp (Sweden), Eastman Chemical (U.S.), and Macco Organiques Inc. (Canada).

The growing demand of safe feed & grain preservatives would fuel the future growth of the propionic acid & derivatives market. In addition, the changing lifestyle has led to rising demand to increase the shelf life of food products which will boost the food preservatives demand, including propionates.

The propionic acid & derivatives demand in terms of value and volume depicts current and future projections according to the parallel economic and industrial outlook. This analysis covers major developments, expansions, agreements, and mergers & acquisitions of leading global companies.

The current worth of the global propionic acid & derivatives market (2012) is $944.6 million and is estimated to reach $1,622.2 million by 2018, growing at a CAGR of 7.8% from 2013 to 2018. The high demand of feed preservatives, grain preservatives, and food preservatives from across the globe will boost the demand of propionic acid & derivatives.

Buy a copy of this report @: http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=1079 .

Download Free Brochure @: http://www.marketsandmarkets.com/pdfdownload.asp?id=1079 .

Find related Reports to – Chemicals Market.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales(at)marketsandmarkets(dot)com
Connect with us on LinkedIn.
Connect with us on Facebook.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Rohan
Follow us on
Visit website