"Propionic Acid & Derivatives Market By Applications (Animal Feed & Grain Preservatives, Food Preservatives, Herbicides, Cellulose Acetate Propionate) & Geography – Global Trends & Forecasts To 2018”, defines and segments the global propionic acid market with an analysis and forecasting of the global consumption volume. Propionic acid & derivatives are widely used in feed preservatives, grain preservatives, and food preservatives as they regarded as one of the safest additives available in the market. In addition, it is also used in herbicides, cellulose acetate propionate, esters, fragrances, etc.
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Key content of this market:
The global demand for propionic acid & derivatives is increasing on the back of growing consumption for animal feed and grain preservatives. In addition, propionates’ demand in the food preservative segments is also likely to jump in the coming years due to rising demand to increase the shelf life of the food on the global level. However, demand is likely to get affected due to limited production capacity and lack of technological innovation.

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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 is a three-carbon carboxylic acid with a molecular formula of CH3CH2COOH. It is a clear, colorless liquid with a pungent odor. It is commercially manufactured by the hydrocarboxylation of ethylene in the presence of nickel carbonyl catalyst.
Propionic acid and derivatives are largely used as feed and food preservatives. It inhibits the growth of molds and bacteria. It is also used to make some specialized propionates, such as cellulose acetate propionate (CAP), which is a useful thermoplastic. The other applications include herbicides, pharmaceuticals, and solvents. It may cause irritation to the human body in case of contact, so various health organizations are involved in continuously monitoring its exposure levels.
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 current worth of the global propionic acid & derivatives market (2012) is $935.7 million and is estimated to reach $1,608.8 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.
The U.S. is the largest single market across the globe. Its consumption in other countries had improved over the past few years and is expected increase further over the near term. The major market production facilities are located in developed markets, such as in Germany, the U.S., the Netherlands, Sweden, and Canada. Thus, these countries will remain major exporters of propionic acid and derivatives. Countries like Spain, France, India, Brazil, South Africa, Russia, etc. will remain major importers.