Propionic Acid Market 2013 Share, Trend, Segmentation and Forecast Propionic Acid Market - Global Industry Analysis,

Propionic
Acid
Market
-
Global
Industry
Analysis, Size, Share, Growth, Trends and
Forecast, 2013 - 2019
The global propionic acid market has been exhibiting steady growth in the last few
years. Potential market opportunities in developing countries are likely to further
boost the growth potential of the global propionic market during the forthcoming
years. Propionic acid (CH3CH2COOH) is a colorless liquid that emits a pungent odor
and is miscible in water. It is a naturally occurring carboxylic acid and is used
extensively in the manufacture of several salts and esters. The use of propionic acid
as a flavoring agent in the food and beverages industry has increased substantially
in the last few years. However, it is mainly used as a preservative in both human
food and animal feeds. Propionic acid helps in inhibiting bacterial growth or molds
on agricultural yields, which explains its high demand across economies that are
mainly driven by agriculture.
For the purpose of the study, the global propionic acid market is segmented in
terms of parameters including industrial application and regional distribution. The
key application segments of the global propionic acid market include cellulose
acetate propionate (CAP), calcium and sodium propionates, animal feed and grain
preservatives, and others such as herbicides. Regionally, the global propionic acid
market is segmented into Asia Pacific, Europe, North America, and Rest of the
World.
View Report @ http://www.transparencymarketresearch.com/propionic-
acid-market.html
The report presents a comprehensive overview of the market, providing insights into
the key growth drivers and restraints. Using industry-leading analytical tools such as
SWOT analysis, the report weighs out the market strengths and opportunities and
cites the potential opportunities and threats that the market is likely to witness
during the forecast period. The effect of Porter’s five forces on the market is also
studied in detail in the report.
Overview of the Global Propionic Acid Market
The global propionic acid market, which stood at US$0.9 bn in 2012, is anticipated
to reach US$1.5 bn by 2019, rising at a CAGR of 7.7% during the 2013-2019 period.
In terms of volume, the global propionic acid market stood at 381.7 kilo tons in 2012
and is expected to exhibit a CAGR of 2.3% during the forecast period.