The Europe Propionic Acid Market Size is Anticipated to Reach USD 601.8 Million by 2033, Growing at a CAGR of 3.26% from 2023 to 2033
Propionic acid is a corrosive, colorless organic acid with a rancid odor, produced in the human gut from indigestible carbohydrates. While safe as a feed additive for animals, it poses risks upon skin exposure. In 2023, the European Union, Netherlands, and Germany were major exporters, while the EU, Netherlands, and Belgium led imports. Its use in animal feed preservatives, poultry litter treatment, and as an antibacterial agent is expected to drive market growth, particularly in Europe.
This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Europe Propionic Acid Market market. The survey included a diverse set of players, including a balance of leading and growing manufacturers for business profiling, such as;
BASF SE Oxea GMBH DSM SternVitamin GmbH & Co. K.G. Adisseo The Dow Chemical Company Eastman Chemical Company PERSTORP ORGNR Others
Our expert team is consistently working on updated data and information on the key player's related business processes that value the market for future strategies and predictions
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Market Segmentation:
By Application
- Herbicides
- Rubber Products
- Plasticizers
- Food Preservatives
- Others
By End-User
- Pharmaceuticals
- Personal Care
- Food & Beverage
- Agriculture
- Others
Covered in this Report:
1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential & niche segments and regions exhibiting promising growth covered.
6.Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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Industry Developments:
In October 2022, for the first time, BASF is offering neopentyl glycol (NPG) and propionic acid (PA) with a cradle-to-gate product carbon footprint (PCF) of zero. Produced at BASF’s Ludwigshafen Verbund site in Germany, these products are available under the names “NPG ZeroPCF” and “PA ZeroPCF.” BASF achieves a zero PCF for both NPG and PA by using renewable raw materials in its unique Verbund production system, employing a biomass balance (BMB) approach. Additionally, for the production of NPG, BASF utilizes renewable energy.
Benefits of the Report:
⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Frequently asked questions:
➥ What is the market size of the Europe Propionic Acid Market market?
➥ What is the market growth rate of the Europe Propionic Acid Market market?
➥ What are the Europe Propionic Acid Market market opportunities and threats faced by the vendors in the Europe Propionic Acid Market Industry?
➥ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➥ What focused approach and constraints are holding the Europe Propionic Acid Market market?
➥ What are the different sales, marketing, and distribution channels in the industry?
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