Propionic Acid Market
REPORT DESCRIPTION
Propionic Acid Market ( Application - Animal Feed and Grain Preservatives , Calcium and Sodium Propionates , Cellulose Acetate Propionate and Herbicides ) - Global Industry Analysis , Size , Share , Growth , Trends and Forecast , 2013 - 2019
The propionic acid market has been growing at a progressive rate with the rising number of applications across the globe . The increasing research and development activities in this field is likely to accelerate the growth of the overall market in the next few years . The rising applications of propionic acid in the pharmaceutical industry is anticipated to generate promising opportunities in the near future . Key players in the market are focusing on the expansion of product portfolio and innovations , which will supplement the market ’ s growth in the next few years .
According to the research study , in 2012 , the global propionic acid market was worth US $ 908.0 mn and is likely to reach a value of US $ 1,540.5 mn by the end of 2019 . The market is predicted to register a healthy 7.70 % CAGR between 2013 and 2019 .
Request for Sample of This Report : http :// www . transparencymarketresearch . com / sample / sample . php ? flag = S & rep _ id = 2269
Expansion of Application Base to Encourage Growth of Global Market The growing demand for propionic acid from grain preservation and animal feed is one of the primary factors predicted to encourage the growth of the global market throughout the forecast period . In addition , the untapped opportunities in emerging economies are expected to accelerate the growth of the overall market in the coming few years . On the other hand , environmental impact of propionic acid and the health hazards related to the use of propionic acid are anticipated to restrict the growth of the overall market in the next few years . Nonetheless , the rising number of players in the global propionic acid market is anticipated to contribute extensively towards the development in the forecast period .
In terms of application , in 2012 , the animal feed and grain preservatives segment led the global propionic acid market and accounted for a share of 52.5 %. This segment is expected to remain in the
leading position throughout the forecast period , thanks to the significant rise in the livestock farming .
Transparency Market Research
2