Propionic Acid Market 2013 Share, Trend, Segmentation and Forecast Propionic Acid Market - Global Industry Analysis, | Page 2

The market at present is witnessing high demand from industries such as food,
pharmaceuticals, and plastic. This trend will continue over the next few years,
thereby significantly fuelling the demand from the global propionic acid market.
Furthermore, the increasing demand for Vitamin E is expected to boost market
opportunities for the propionic acid industry.
The rapid expansion of the food and beverages industry is expected to fuel the
demand for preservatives, which subsequently will drive the global propionic acid
market. The market is also expected to capitalize on the rising demand from
emerging Asia Pacific economies. With the growing pharmaceutical industry, the
demand for Vitamin E will surge exponentially, which will create lucrative market
opportunities for the propionic acid industry. Despite registering impressive growth,
the adverse effects of propionic acid on the environment and human health may
hamper the market growth to an extent.
Companies mentioned in the research report
The global market for propionic acid is highly concentrated, with only a handful of
players collectively occupying the major share in the market. Some of the leading
companies profiled in the report are The Dow Chemical Company, BASF SE,
Celanese Corporation, Biomin Holdings GmbH, Perstorp Holdings GmbH, Daicel
Corporation, A.M Food Chemical Co Ltd, and Prathista Industries Ltd.
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The report segments the global propionic acid market as:
Propionic Acid Market - Application Segment Analysis,
Animal feed and grain preservatives
Calcium and sodium propionates
Cellulose Acetate Propionate
Others (Herbicides etc.)
By Geography
North America
Europe
Asia Pacific
Rest of the World
This report gives you access to decisive data such as: