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PUBLISHER: KBV Research | PRODUCT CODE: 1431170
PUBLISHER: KBV Research | PRODUCT CODE: 1431170
Europe 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
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The Europe Propionic Acid Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 159.02 kilo tonnes, showcasing a growth of 2.3% (2019-2022).
Propionic acid plays a crucial role in the pharmaceutical industry, serving as an intermediate in synthesizing various drugs and active pharmaceutical ingredients (APIs). Its inclusion in pharmaceutical formulations contributes to the stability and efficacy of certain medications. The expanding pharmaceutical sector, driven by an aging population and increased healthcare awareness, contributes to the growing demand for this. The fragrance and flavour industry utilizes it as an intermediate in the production of esters. These esters are vital components in creating perfumes and flavourings, contributing to the overall sensory experience of consumer products. As customer preferences evolve and the need for unique and exotic scents rises, the market in this segment is anticipated to experience substantial growth.
Furthermore, the market is witnessing a significant trend towards green chemistry and sustainable production methods. Manufacturers are increasingly adopting environmentally friendly processes, such as bio-based fermentation, to produce this. Both regulatory pressures and consumer preferences for sustainable and eco-friendly products drive this shift. Developing economies are becoming major consumers of this, driven by expanding food and agriculture sectors, growing industrialization, and increasing disposable incomes. The demand for processed foods and improved livestock feed quality in these regions is contributing to the upward trajectory of the market.
Germany plays a crucial role in the pharmaceutical supply chain. Integration into the market allows manufacturers in Germany to cater to the needs of pharmaceutical companies. Germany is known for adhering to the pharmaceutical industry's stringent quality and regulatory standards. Propionic acid, meeting these standards, gains acceptance as a reliable and compliant component in pharmaceutical formulations. Propionic acid manufacturers in Germany can offer customized synthesis solutions to pharmaceutical companies. Therefore, the factors mentioned above will propel market growth in this region.
The Germany market dominated the Europe Propionic Acid Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $137.4 Million by 2030. The UK market is registering a CAGR of 2.1% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 3.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
Europe 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)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Propionic Acid Market, by Application
- 1.4.2 Europe Propionic Acid Market, by End-user
- 1.4.3 Europe 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
- 3.1.1 Overview
- 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. Europe Propionic Acid Market, by Application
- 5.1 Europe Food Preservatives Market, by Country
- 5.2 Europe Herbicides Market, by Country
- 5.3 Europe Rubber Products Market, by Country
- 5.4 Europe Plasticizers Market, by Country
- 5.5 Europe Others Market, by Country
Chapter 6. Europe Propionic Acid Market, by End-user
- 6.1 Europe Food & Beverages Market, by Country
- 6.2 Europe Agriculture Market, by Country
- 6.3 Europe Pharmaceuticals Market, by Country
- 6.4 Europe Personal Care Market, by Country
- 6.5 Europe Others Market, by Country
Chapter 7. Europe Propionic Acid Market, by Country
- 7.1 Germany Propionic Acid Market
- 7.1.1 Germany Propionic Acid Market, by Application
- 7.1.2 Germany Propionic Acid Market, by End-user
- 7.2 UK Propionic Acid Market
- 7.2.1 UK Propionic Acid Market, by Application
- 7.2.2 UK Propionic Acid Market, by End-user
- 7.3 France Propionic Acid Market
- 7.3.1 France Propionic Acid Market, by Application
- 7.3.2 France Propionic Acid Market, by End-user
- 7.4 Russia Propionic Acid Market
- 7.4.1 Russia Propionic Acid Market, by Application
- 7.4.2 Russia Propionic Acid Market, by End-user
- 7.5 Spain Propionic Acid Market
- 7.5.1 Spain Propionic Acid Market, by Application
- 7.5.2 Spain Propionic Acid Market, by End-user
- 7.6 Italy Propionic Acid Market
- 7.6.1 Italy Propionic Acid Market, by Application
- 7.6.2 Italy Propionic Acid Market, by End-user
- 7.7 Rest of Europe Propionic Acid Market
- 7.7.1 Rest of Europe Propionic Acid Market, by Application
- 7.7.2 Rest of Europe 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 Europe Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 2 Europe Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 3 Europe Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 4 Europe Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 5 Europe Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 6 Europe Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 7 Europe Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 8 Europe Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 9 Europe Food Preservatives Market, by Country, 2019 - 2022, USD Million
- TABLE 10 Europe Food Preservatives Market, by Country, 2023 - 2030, USD Million
- TABLE 11 Europe Food Preservatives Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 12 Europe Food Preservatives Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 13 Europe Herbicides Market, by Country, 2019 - 2022, USD Million
- TABLE 14 Europe Herbicides Market, by Country, 2023 - 2030, USD Million
- TABLE 15 Europe Herbicides Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 16 Europe Herbicides Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 17 Europe Rubber Products Market, by Country, 2019 - 2022, USD Million
- TABLE 18 Europe Rubber Products Market, by Country, 2023 - 2030, USD Million
- TABLE 19 Europe Rubber Products Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 20 Europe Rubber Products Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 21 Europe Plasticizers Market, by Country, 2019 - 2022, USD Million
- TABLE 22 Europe Plasticizers Market, by Country, 2023 - 2030, USD Million
- TABLE 23 Europe Plasticizers Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 24 Europe Plasticizers Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 25 Europe Others Market, by Country, 2019 - 2022, USD Million
- TABLE 26 Europe Others Market, by Country, 2023 - 2030, USD Million
- TABLE 27 Europe Others Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 28 Europe Others Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 29 Europe Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 30 Europe Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 31 Europe Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 32 Europe Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 33 Europe Food & Beverages Market, by Country, 2019 - 2022, USD Million
- TABLE 34 Europe Food & Beverages Market, by Country, 2023 - 2030, USD Million
- TABLE 35 Europe Food & Beverages Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 36 Europe Food & Beverages Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 37 Europe Agriculture Market, by Country, 2019 - 2022, USD Million
- TABLE 38 Europe Agriculture Market, by Country, 2023 - 2030, USD Million
- TABLE 39 Europe Agriculture Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 40 Europe Agriculture Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 41 Europe Pharmaceuticals Market, by Country, 2019 - 2022, USD Million
- TABLE 42 Europe Pharmaceuticals Market, by Country, 2023 - 2030, USD Million
- TABLE 43 Europe Pharmaceuticals Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 44 Europe Pharmaceuticals Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 45 Europe Personal Care Market, by Country, 2019 - 2022, USD Million
- TABLE 46 Europe Personal Care Market, by Country, 2023 - 2030, USD Million
- TABLE 47 Europe Personal Care Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 48 Europe Personal Care Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 49 Europe Others Market, by Country, 2019 - 2022, USD Million
- TABLE 50 Europe Others Market, by Country, 2023 - 2030, USD Million
- TABLE 51 Europe Others Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 52 Europe Others Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 53 Europe Propionic Acid Market, by Country, 2019 - 2022, USD Million
- TABLE 54 Europe Propionic Acid Market, by Country, 2023 - 2030, USD Million
- TABLE 55 Europe Propionic Acid Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 56 Europe Propionic Acid Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 57 Germany Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 58 Germany Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 59 Germany Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 60 Germany Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 61 Germany Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 62 Germany Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 63 Germany Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 64 Germany Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 65 Germany Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 66 Germany Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 67 Germany Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 68 Germany Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 69 UK Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 70 UK Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 71 UK Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 72 UK Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 73 UK Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 74 UK Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 75 UK Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 76 UK Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 77 UK Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 78 UK Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 79 UK Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 80 UK Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 81 France Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 82 France Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 83 France Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 84 France Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 85 France Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 86 France Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 87 France Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 88 France Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 89 France Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 90 France Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 91 France Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 92 France Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 93 Russia Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 94 Russia Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 95 Russia Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 96 Russia Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 97 Russia Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 98 Russia Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 99 Russia Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 100 Russia Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 101 Russia Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 102 Russia Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 103 Russia Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 104 Russia Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 105 Spain Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 106 Spain Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 107 Spain Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 108 Spain Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 109 Spain Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 110 Spain Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 111 Spain Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 112 Spain Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 113 Spain Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 114 Spain Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 115 Spain Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 116 Spain Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 117 Italy Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 118 Italy Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 119 Italy Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 120 Italy Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 121 Italy Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 122 Italy Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 123 Italy Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 124 Italy Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 125 Italy Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 126 Italy Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 127 Italy Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 128 Italy Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 129 Rest of Europe Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 130 Rest of Europe Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 131 Rest of Europe Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 132 Rest of Europe Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 133 Rest of Europe Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 134 Rest of Europe Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 135 Rest of Europe Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 136 Rest of Europe Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 137 Rest of Europe Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 138 Rest of Europe Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 139 Rest of Europe Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 140 Rest of Europe Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 141 Key Information - Celanese Corporation
- TABLE 142 Key Information - Corbion N.V.
- TABLE 144 Key Information - BASF SE
- TABLE 145 Key Information - The Dow Chemical Company
- TABLE 146 key Information - Merck KGaA
- TABLE 147 Key Information - Perstorp Holding AB
- TABLE 148 Key Information - Hawkins, Inc.
- TABLE 149 Key Information - Otto Chemie Pvt. Ltd.
- TABLE 150 Key Information - Kemin Industries, Inc.
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