North America Propionic Acid Market Size, Share & Trends Analysis Report By Application (Food Preservatives, Herbicides, Rubber Products, Plasticizers, and Others), By End-user, By Country and Growth Forecast, 2023

Description

List of Tables

The North America Propionic Acid Market would witness market growth of 3.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 174.42 kilo tonnes, showcasing a growth of 2.7% (2019-2022).

Fermentation yields propionic acid, an odorless, fragrant liquid organic acid. It prevents the growth of various molds. It also possesses antibacterial properties. In addition, it is a natural preservative utilized in cheese and baked goods like tortillas and bread for preservation to expand their shelf life. They are also used in packaging various ready-to-eat foods with the objective of preservation. The uses of this in the food & beverage industry drive market growth.

Moreover, propionic acid is a natural preservative and can be safely used as an intermediate in several production processes. Approved for use to control fungi and bacteria in grain storage areas, poultry litter, stored cereals, hay, and drinking water for livestock and poultry is propionic acid. Antibiotic growth promoters can benefit from it, which ensures the safety of animal products and human health. The acid esters are used as solvents or artificial flavorings, replacing the chemical ones. These uses offer lucrative opportunities for the growth of the market.

The agriculture sector in the US has witnessed diversification in crops grown. Farmers are exploring alternative and specialty crops to meet changing consumer demands and tap into new industries. Government policies, subsidies, and support programs play a crucial role in shaping the agriculture sector in the US. Various initiatives aim to provide farmers with financial support, risk management, and infrastructure development, fostering growth and resilience. This is widely utilized in the preservation of grains, especially in the storage of harvested crops. With the expansion of the agriculture sector, the demand for effective grain preservation methods increases. As a result, these aspects will boost the market growth in the coming years.

The US market dominated the North America Propionic Acid Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $336.1 Million by 2030. The Canada market is experiencing a CAGR of 5.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4.9% during (2023 - 2030).

Based on Application, the market is segmented into Food Preservatives, Herbicides, Rubber Products, Plasticizers, and Others. Based on End-user, the market is segmented into Food & Beverages, Agriculture, Pharmaceuticals, Personal Care, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Celanese Corporation
Corbion N.V.
Eastman Chemical Company
BASF SE
The Dow Chemical Company
Merck KGaA
Perstorp Holding AB (PETRONAS Chemicals Group Berhad)
Hawkins, Inc.
Otto Chemie Pvt. Ltd.
Kemin Industries, Inc.

North America Propionic Acid Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Food Preservatives
Herbicides
Rubber Products
Plasticizers
Others

By End-user (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Food & Beverages
Agriculture
Pharmaceuticals
Personal Care
Others

By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Propionic Acid Market, by Application
- 1.4.2 North America Propionic Acid Market, by End-user
- 1.4.3 North America Propionic Acid Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. Recent Strategies Deployed in Zero Turn Mower Market

Chapter 5. North America Propionic Acid Market, by Application

5.1 North America Food Preservatives Market, by Country
5.2 North America Herbicides Market, by Country
5.3 North America Rubber Products Market, by Country
5.4 North America Plasticizers Market, by Country
5.5 North America Others Market, by Country

Chapter 6. North America Propionic Acid Market, by End-user

6.1 North America Food & Beverages Market, by Country
6.2 North America Agriculture Market, by Country
6.3 North America Pharmaceuticals Market, by Country
6.4 North America Personal Care Market, by Country
6.5 North America Others Market, by Country

Chapter 7. North America Propionic Acid Market, by Country

7.1 US Propionic Acid Market
- 7.1.1 US Propionic Acid Market, by Application
- 7.1.2 US Propionic Acid Market, by End-user
7.2 Canada Propionic Acid Market
- 7.2.1 Canada Propionic Acid Market, by Application
- 7.2.2 Canada Propionic Acid Market, by End-user
7.3 Mexico Propionic Acid Market
- 7.3.1 Mexico Propionic Acid Market, by Application
- 7.3.2 Mexico Propionic Acid Market, by End-user
7.4 Rest of North America Propionic Acid Market
- 7.4.1 Rest of North America Propionic Acid Market, by Application
- 7.4.2 Rest of North America Propionic Acid Market, by End-user

Chapter 8. Company Profiles

8.1 Celanese Corporation
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 SWOT Analysis
8.2 Corbion N.V.
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 SWOT Analysis
8.3 Eastman Chemical Company
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
  - 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.6 SWOT Analysis
8.4 BASF SE
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent strategies and developments:
  - 8.4.5.1 Product Launches and Product Expansions:
- 8.4.6 SWOT Analysis
8.5 The Dow Chemical Company
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 SWOT Analysis
8.6 Merck KGaA
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 SWOT Analysis
8.7 Perstorp Holding AB (PETRONAS Chemicals Group Berhad)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Recent strategies and developments:
  - 8.7.4.1 Acquisition and Mergers:
- 8.7.5 SWOT Analysis
8.8 Hawkins, Inc.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 SWOT Analysis
8.9 Otto Chemie Pvt. Ltd.
- 8.9.1 Company Overview
- 8.9.2 SWOT Analysis
8.10. Kemin Industries, Inc.
- 8.10.1 Company Overview
- 8.10.2 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Propionic Acid Market, 2019 - 2022, USD Million
TABLE 2 North America Propionic Acid Market, 2023 - 2030, USD Million
TABLE 3 North America Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 6 North America Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 7 North America Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Food Preservatives Market, by Country, 2019 - 2022, USD Million
TABLE 10 North America Food Preservatives Market, by Country, 2023 - 2030, USD Million
TABLE 11 North America Food Preservatives Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Food Preservatives Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Herbicides Market, by Country, 2019 - 2022, USD Million
TABLE 14 North America Herbicides Market, by Country, 2023 - 2030, USD Million
TABLE 15 North America Herbicides Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Herbicides Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Rubber Products Market, by Country, 2019 - 2022, USD Million
TABLE 18 North America Rubber Products Market, by Country, 2023 - 2030, USD Million
TABLE 19 North America Rubber Products Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Rubber Products Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Plasticizers Market, by Country, 2019 - 2022, USD Million
TABLE 22 North America Plasticizers Market, by Country, 2023 - 2030, USD Million
TABLE 23 North America Plasticizers Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Plasticizers Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 26 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 27 North America Others Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Others Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 30 North America Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 31 North America Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Food & Beverages Market, by Country, 2019 - 2022, USD Million
TABLE 34 North America Food & Beverages Market, by Country, 2023 - 2030, USD Million
TABLE 35 North America Food & Beverages Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Food & Beverages Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Agriculture Market, by Country, 2019 - 2022, USD Million
TABLE 38 North America Agriculture Market, by Country, 2023 - 2030, USD Million
TABLE 39 North America Agriculture Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Agriculture Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Pharmaceuticals Market, by Country, 2019 - 2022, USD Million
TABLE 42 North America Pharmaceuticals Market, by Country, 2023 - 2030, USD Million
TABLE 43 North America Pharmaceuticals Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Pharmaceuticals Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 North America Personal Care Market, by Country, 2019 - 2022, USD Million
TABLE 46 North America Personal Care Market, by Country, 2023 - 2030, USD Million
TABLE 47 North America Personal Care Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 North America Personal Care Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 50 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 51 North America Others Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 North America Others Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 North America Propionic Acid Market, by Country, 2019 - 2022, USD Million
TABLE 54 North America Propionic Acid Market, by Country, 2023 - 2030, USD Million
TABLE 55 North America Propionic Acid Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 North America Propionic Acid Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 US Propionic Acid Market, 2019 - 2022, USD Million
TABLE 58 US Propionic Acid Market, 2023 - 2030, USD Million
TABLE 59 US Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 60 US Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 61 US Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 62 US Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 63 US Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 US Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 US Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 66 US Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 67 US Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 68 US Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 69 Canada Propionic Acid Market, 2019 - 2022, USD Million
TABLE 70 Canada Propionic Acid Market, 2023 - 2030, USD Million
TABLE 71 Canada Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Canada Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Canada Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 74 Canada Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 75 Canada Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Canada Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Canada Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 78 Canada Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 79 Canada Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 80 Canada Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 81 Mexico Propionic Acid Market, 2019 - 2022, USD Million
TABLE 82 Mexico Propionic Acid Market, 2023 - 2030, USD Million
TABLE 83 Mexico Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Mexico Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Mexico Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 86 Mexico Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 87 Mexico Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Mexico Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Mexico Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 90 Mexico Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 91 Mexico Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 92 Mexico Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of North America Propionic Acid Market, 2019 - 2022, USD Million
TABLE 94 Rest of North America Propionic Acid Market, 2023 - 2030, USD Million
TABLE 95 Rest of North America Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of North America Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 97 Rest of North America Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 98 Rest of North America Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 99 Rest of North America Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Rest of North America Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Rest of North America Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 102 Rest of North America Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 103 Rest of North America Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 104 Rest of North America Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 105 Key Information - Celanese Corporation
TABLE 106 Key Information - Corbion N.V.
TABLE 108 Key Information - BASF SE
TABLE 109 Key Information - The Dow Chemical Company
TABLE 110 key Information - Merck KGaA
TABLE 111 Key Information - Perstorp Holding AB
TABLE 112 Key Information - Hawkins, Inc.
TABLE 113 Key Information - Otto Chemie Pvt. Ltd.
TABLE 114 Key Information - Kemin Industries, Inc.

North America Propionic Acid Market Size, Share & Trends Analysis Report By Application (Food Preservatives, Herbicides, Rubber Products, Plasticizers, and Others), By End-user, By Country and Growth Forecast, 2023 - 2030