Propionic Acid Market
- 2026 年市場規模
- USD 1.25 Bn
- 2033 年預估規模
- USD 1.75 Bn
- 年複合成長率 CAGR
- 6.9%
以上數字由 Coherent Market Insights 於本報告中提出，量子訊息原樣引用。
完整報告名稱與涵蓋範圍
Propionic Acid Market, By Grade (Industrial Grade, Food Grade, Pharmaceutical Grade), By Application (Food and Beverage Preservation, Animal Feed Preservation, Chemical Intermediates, Agrochemicals, Pharmaceuticals, Others), By Production Method (Chemical Synthesis, Fermentation), By End use Industry (Agriculture and Animal Feed, Food and Beverage, Chemical Manufacturing, Pharmaceuticals, Personal Care, Others), By Distribution Channel (Direct Sales, Indirect Sales), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
報告摘要
The Global Propionic Acid Market is estimated to be valued at USD 1.25 Bn in 2026 and is expected to reach USD 1.75 Bn by 2033, growing at a compound annual growth rate (CAGR) of 6.9% from 2026 to 2033. This growth is driven by increasing demand across various industries including food preservation, animal feed, and pharmaceuticals, supported by expanding applications and ongoing advancements in production technologies. Propionic acid, a naturally occurring short-chain fatty acid with the chemical formula C₃H₆O₂, is a colorless, oily liquid with a pungent odor that plays a critical role across a wide range of industrial and commercial applications.
Recognized as a vital chemical intermediate, propionic acid is extensively utilized in the production of herbicides, pharmaceuticals, food preservatives, cellulose acetate propionate, and animal feed additives, making it an indispensable compound in the global chemical industry. The acid is primarily produced through two industrial processes the Reppe process, which involves the reaction of ethylene, carbon monoxide, and water, and the propionic acid recovery process derived as a by-product of acetic acid production. Growing demand for food safety and preservation, coupled with rising awareness regarding livestock health and nutrition, has significantly amplified the consumption of propionic acid across food & beverage and animal nutrition sectors.
Market Dynamics
The global propionic acid market is shaped by a confluence of powerful drivers, notable restraints, and promising opportunities that collectively define its growth trajectory over the forecast period. On the demand side, one of the most significant market drivers is the escalating global need for food preservation solutions. As food safety regulations become increasingly stringent across North America, Europe, and Asia-Pacific, propionic acid and its salts calcium propionate and sodium propionate have become go-to preservatives in bakery products, dairy goods, and processed foods, directly fueling market expansion.
Simultaneously, the surging global demand for animal protein has catalyzed growth in the animal feed industry, where propionic acid is widely used as an anti-mold agent in grain and silage preservation, ensuring nutritional integrity and preventing spoilage. The growing livestock population, particularly in countries such as China, India, Brazil, and the United States, is further propelling demand from this segment.
Key Features of the Study
• This report provides in-depth analysis of the global propionic acid market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2026–2033), considering 2025 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global propionic acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BASF, Eastman Chemical Company, Celanese, Perstorp, Dow, OQ Chemicals, Axxence Aromatic, Hawkins, Niacet, Merck, Spectrum Chemical, Jubilant Ingrevia.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global propionic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global propionic acid market
Market Segmentation
• Grade Insights (Revenue, USD Bn, 2021 - 2033)
o Industrial Grade
o Food Grade
o Pharmaceutical Grade
• Application Insights (Revenue, USD Bn, 2021 - 2033)
o Food and Beverage Preservation
o Animal Feed Preservation
o Chemical Intermediates
o Agrochemicals
o Pharmaceuticals
o Others
• Production Method Insights (Revenue, USD Bn, 2021 - 2033)
o Chemical Synthesis
o Fermentation
• End Use Industry Insights (Revenue, USD Bn, 2021 - 2033)
o Agriculture and Animal Feed
o Food and Beverage
o Chemical Manufacturing
o Pharmaceuticals
o Personal Care
o Others
• Distribution Channel Insights (Revenue, USD Bn, 2021 - 2033)
o Direct Sales
o Indirect Sales
• Regional Insights (Revenue, USD Bn, 2021 - 2033)
o North America
U.S.
Canada
o Latin America
Brazil
Argentina
Mexico
Rest of Latin America
o Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
o Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
o Middle East
GCC Countries
Israel
Rest of Middle East
o Africa
South Africa
North Africa
Central Africa
• Key Players Insights
o BASF
o Eastman Chemical Company
o Celanese
o Perstorp
o Dow
o OQ Chemicals
o Axxence Aromatic
o Hawkins
o Niacet
o Merck
o Spectrum Chemical
o Jubilant Ingrevia
授權報價
| Single User Price | $4,500 USD |
| Enterprise License | $10,000 USD |
目錄 Table of Contents
Table of Contents
1. Research Objectives and Assumptions
o Research Objectives
o Assumptions
o Abbreviations
2. Market Purview
o Report Description
Market Definition and Scope
o Executive Summary
Global Propionic Acid Market, By Grade
Global Propionic Acid Market, By Application
Global Propionic Acid Market, By Production Method
Global Propionic Acid Market, By End use Industry
Global Propionic Acid Market, By Distribution Channel
Global Propionic Acid Market, By Region
3. Market Dynamics Regulations and Trends Analysis
o Market Dynamics
o Impact Analysis
o Product Launches/Approvals
o PEST Analysis
o PORTER’s Analysis
o Market Opportunities
o Regulatory Scenario
o Key Developments
o Industry Trends
4. Global Propionic Acid Market, By Grade, 2021-2033, (USD Bn)
o Introduction
Market Share Analysis, 2026 and 2033 (%)
Y-o-Y Growth Analysis, 2022 - 2033
Segment Trends
o Industrial Grade
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Food Grade
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Pharmaceutical Grade
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
5. Global Propionic Acid Market, By Application, 2021-2033, (USD Bn)
o Introduction
Market Share Analysis, 2026 and 2033 (%)
Y-o-Y Growth Analysis, 2022 - 2033
Segment Trends
o Food and Beverage Preservation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Animal Feed Preservation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Chemical Intermediates
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Agrochemicals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Pharmaceuticals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
6. Global Propionic Acid Market, By Production Method, 2021-2033, (USD Bn)
o Introduction
Market Share Analysis, 2026 and 2033 (%)
Y-o-Y Growth Analysis, 2022 - 2033
Segment Trends
o Chemical Synthesis
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Fermentation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
7. Global Propionic Acid Market, By End use Industry, 2021-2033, (USD Bn)
o Introduction
Market Share Analysis, 2026 and 2033 (%)
Y-o-Y Growth Analysis, 2022 - 2033
Segment Trends
o Agriculture and Animal Feed
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Food and Beverage
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Chemical Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Pharmaceuticals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Personal Care
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
8. Global Propionic Acid Market, By Distribution Channel, 2021-2033, (USD Bn)
o Introduction
Market Share Analysis, 2026 and 2033 (%)
Y-o-Y Growth Analysis, 2022 - 2033
Segment Trends
o Direct Sales
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
o Indirect Sales
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
9. Global Propionic Acid Market, By Region, 2021 - 2033, Value (USD Bn)
o Introduction
Market Share (%) Analysis, 2026,2029 & 2033, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2021 - 2033, Value (USD Bn)
Regional Trends
o North America
Introduction
Market Size and Forecast, By Grade, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Production Method, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By End use Industry, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
o U.S.
o Canada
o Latin America
Introduction
Market Size and Forecast, By Grade, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Production Method, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By End use Industry, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
o Brazil
o Argentina
o Mexico
o Rest of Latin America
o Europe
Introduction
Market Size and Forecast, By Grade, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Production Method, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By End use Industry, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
o Germany
o U.K.
o Spain
o France
o Italy
o Russia
o Rest of Europe
o Asia Pacific
Introduction
Market Size and Forecast, By Grade, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Production Method, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By End use Industry, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
o China
o India
o Japan
o Australia
o South Korea
o ASEAN
o Rest of Asia Pacific
o Middle East
Introduction
Market Size and Forecast, By Grade, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Production Method, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By End use Industry, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
o GCC Countries
o Israel
o Rest of Middle East
o Africa
Introduction
Market Size and Forecast, By Grade, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Production Method, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By End use Industry, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2021 - 2033, Value (USD Bn)
Market Size and Forecast, By Country/Region, 2021 - 2033, Value (USD Bn)
o South Africa
o North Africa
o Central Africa
10. Competitive Landscape
o BASF
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o Eastman Chemical Company
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o Celanese
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o Perstorp
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o Dow
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o OQ Chemicals
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o Axxence Aromatic
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o Hawkins
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o Niacet
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o Merck
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o Spectrum Chemical
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
o Jubilant Ingrevia
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
11. Analyst Recommendations
o Wheel of Fortune
o Analyst View
o Coherent Opportunity Map
12. References and Research Methodology
o References
o Research Methodology
o About us
*Browse 32 market data tables and 28 figures on 'Propionic Acid Market' - Global forecast to 2033
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