Propionic Acid & Derivatives Market Worth $1,622.2 Million by 2018
DALLAS, July 30, 2013
DALLAS, July 30, 2013 /PRNewswire/ --
" 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
*190 Market Data Tables
*228 Pages and an in-depth Table of Content on "Propionic Acid Market"
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 fuelled 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 Market & Derivatives Include:
*BASF SE (Germany)
*The Dow Chemical Company (U.S.)
*Eastman Chemical (U.S.)
*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.
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