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The Asia Pacific Propionic Acid market size was valued at US$ 312.8 million in 2024 and is projected to reach US$ 418.6 million by 2030, at a CAGR of 5.0% during the forecast period 2024-2030.
Propionic acid is a naturally occurring carboxylic acid used as a preservative in animal feed and food products, and as a chemical intermediate in the production of various compounds including plastics, herbicides, and pharmaceuticals.
The Asia Pacific propionic acid market is growing steadily, driven by increasing demand for food preservatives and animal feed additives. China accounts for 40% of the market, followed by Japan at 20% and India at 15%. In 2023, the animal feed industry consumed 50% of total production, with food preservatives at 30% and chemical intermediates at 15%. The market experienced an 8% growth in demand from the bakery sector for mold inhibitors. Key players include BASF SE (Germany) and Eastman Chemical Company (USA), collectively holding a 45% market share in the region. The industry is investing in bio-based production methods, with a 12% increase in R&D spending on fermentation-derived propionic acid in 2023. Challenges include fluctuating raw material prices, leading to a 5% volatility in production costs. The trend towards natural preservatives has driven a 10% increase in propionic acid demand for clean label food products. The market is benefiting from the expansion of the livestock industry in countries like Vietnam and Indonesia, with a 15% rise in propionic acid use in animal feed preservation.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Propionic Acid. The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Propionic Acid, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Propionic Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propionic Acid. This report contains market size and forecasts of Propionic Acid in Asia Pacific, including the following market information:
We surveyed the Propionic Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• Oxo Process
• Reppe Process
• By-product Process
• Grain and Feed Preservatives
• Calcium and Sodium Salts
• Herbicides
• Cellulose Acetate Propionate
• Others
• Niacet
• The Dow Chemical Company
• Perstorp
• Mitsubishi Chemical Corporation
• Eastman Chemical Company
• A.M. Food Chemical Co. Ltd.
• Shanghai Jianyuan Chemical Co.
• Yancheng Huade Biological Engineering Co., Ltd.
• Daicel Corporation
• Celanese Corporation
Including or excluding key companies relevant to your analysis.
The report also provides analysis of leading market participants including:
• Key companies Propionic Acid revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)
• Key companies Propionic Acid revenues share in Asia Pacific market, 2023 (%)
• Key companies Propionic Acid sales in Asia Pacific market, 2019-2024 (Estimated),
• Key companies Propionic Acid sales share in Asia Pacific market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Asia Pacific and country-wise market of Propionic Acid
• It describes present situation, historical background and future forecast
• Comprehensive data showing Propionic Acid capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Propionic Acid manufacturers
• Propionic Acid forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
1.1 Product Overview and Scope of Propionic Acid
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Oxo Process
1.2.3 Reppe Process
1.2.4 By-product Process
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Grain and Feed Preservatives
1.3.3 Calcium and Sodium Salts
1.3.4 Herbicides
1.3.5 Cellulose Acetate Propionate
1.3.6 Others
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Niacet
8.1.1 Niacet Corporation Information
8.1.2 Niacet Product Portfolio
8.1.3 Niacet Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Niacet Main Business and Markets Served
8.1.5 Niacet Recent Developments/Updates
8.2 The Dow Chemical Company
8.2.1 The Dow Chemical Company Corporation Information
8.2.2 The Dow Chemical Company Product Portfolio
8.2.3 The Dow Chemical Company Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 The Dow Chemical Company Main Business and Markets Served
8.2.5 The Dow Chemical Company Recent Developments/Updates
8.3 Perstorp
8.3.1 Perstorp Corporation Information
8.3.2 Perstorp Product Portfolio
8.3.3 Perstorp Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Perstorp Main Business and Markets Served
8.3.5 Perstorp Recent Developments/Updates
8.4 Mitsubishi Chemical Corporation
8.4.1 Mitsubishi Chemical Corporation Corporation Information
8.4.2 Mitsubishi Chemical Corporation Product Portfolio
8.4.3 Mitsubishi Chemical Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Mitsubishi Chemical Corporation Main Business and Markets Served
8.4.5 Mitsubishi Chemical Corporation Recent Developments/Updates
8.5 Eastman Chemical Company
8.5.1 Eastman Chemical Company Corporation Information
8.5.2 Eastman Chemical Company Product Portfolio
8.5.3 Eastman Chemical Company Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Eastman Chemical Company Main Business and Markets Served
8.5.5 Eastman Chemical Company Recent Developments/Updates
8.6 A.M. Food Chemical Co. Ltd.
8.6.1 A.M. Food Chemical Co. Ltd. Corporation Information
8.6.2 A.M. Food Chemical Co. Ltd. Product Portfolio
8.6.3 A.M. Food Chemical Co. Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 A.M. Food Chemical Co. Ltd. Main Business and Markets Served
8.6.5 A.M. Food Chemical Co. Ltd. Recent Developments/Updates
8.7 Shanghai Jianyuan Chemical Co.
8.7.1 Shanghai Jianyuan Chemical Co. Corporation Information
8.7.2 Shanghai Jianyuan Chemical Co. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Shanghai Jianyuan Chemical Co. Main Business and Markets Served
8.7.4 Shanghai Jianyuan Chemical Co. Recent Developments/Updates
8.8 Yancheng Huade Biological Engineering Co., Ltd.
8.8.1 Yancheng Huade Biological Engineering Co., Ltd. Corporation Information
8.8.2 Yancheng Huade Biological Engineering Co., Ltd. Product Portfolio
8.8.3 Yancheng Huade Biological Engineering Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Yancheng Huade Biological Engineering Co., Ltd. Main Business and Markets Served
8.8.5 Yancheng Huade Biological Engineering Co., Ltd. Recent Developments/Updates
8.9 Daicel Corporation
8.9.1 Daicel Corporation Corporation Information
8.9.2 Daicel Corporation Product Portfolio
8.9.3 Daicel Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 Daicel Corporation Main Business and Markets Served
8.9.5 Daicel Corporation Recent Developments/Updates
8.10 Celanese Corporation
8.10.1 Celanese Corporation Corporation Information
8.10.2 Celanese Corporation Product Portfolio
8.10.3 Celanese Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 Celanese Corporation Main Business and Markets Served
8.10.5 Celanese Corporation Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Propionic Acid
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
