Asia Pacific 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 Asia Pacific Propionic Acid Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 127.71 kilo tonnes, showcasing a growth of 3.6% (2019-2022).

Propionic acid, a versatile carboxylic acid, has witnessed a steady rise in demand across various industries, driven by its diverse applications and essential role in producing numerous products. With the chemical formula CH3CH2COOH, this organic acid naturally appears as a compound in various foods and animal digestive systems. However, its industrial significance extends far beyond its natural occurrence. This is widely used in the food industry as a preservative, specifically in preserving bakery products. Its antimicrobial properties inhibit mold and bacteria growth, extending the shelf life of bread, cakes, and other baked goods. This application has become increasingly crucial as consumers demand longer-lasting, fresher products with minimal chemical additives.

In agriculture, this is a key component in animal feed additives. Its antimicrobial properties aid in preventing the growth of harmful bacteria and molds in feed, thereby enhancing the overall quality and safety of animal nutrition. As livestock farming intensifies, the demand of it in this sector is expected to witness sustained growth. The chemical industry utilizes this to manufacture cellulose acetate propionate, a versatile thermoplastic. Due to its excellent film-forming and adhesion properties, CAP finds applications in coatings, adhesives, and various other industries. As the demand for high-performance coatings and specialty polymers rises, so does the demand of it as a precursor in CAP production.

Invest India reports that the food processing industry received a total of $12,354 billion in FDI between April 2000 and September 2023, representing 1.89 percent of the total FDI equity inflow. For fiscal year 2023, the food processing sector received an FDI equity inflow of $0.896 billion. 2025 the Indian food processing industry is estimated to reach $535 billion. It is commonly utilized as a preservative in bakery products, such as bread and other baked goods. The growth of the food processing sector in India, particularly in the bakery sector, contributes to the increased demand for this. The demand for extended shelf life in food products is a key driver for using preservatives. This helps inhibit the growth of molds and fungi, thereby expanding the shelf life of various processed foods, which is crucial for the Indian food processing industry. Due to the aforementioned factors the market growth will drive in this region.

The China market dominated the Asia Pacific Propionic Acid Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $117.9 Million by 2030. The Japan market is exhibiting a CAGR of 3.8% during (2023 - 2030). Additionally, The India market would experience a CAGR of 5.1% 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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

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.

Asia Pacific 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)

China
Japan
India
South Korea
Australia
Malaysia
Rest of Asia Pacific

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Propionic Acid Market, by Application
- 1.4.2 Asia Pacific Propionic Acid Market, by End-user
- 1.4.3 Asia Pacific 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. Asia Pacific Propionic Acid Market, by Application

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

Chapter 6. Asia Pacific Propionic Acid Market, by End-user

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

Chapter 7. Asia Pacific Propionic Acid Market, by Country

7.1 China Propionic Acid Market
- 7.1.1 China Propionic Acid Market, by Application
- 7.1.2 China Propionic Acid Market, by End-user
7.2 Japan Propionic Acid Market
- 7.2.1 Japan Propionic Acid Market, by Application
- 7.2.2 Japan Propionic Acid Market, by End-user
7.3 India Propionic Acid Market
- 7.3.1 India Propionic Acid Market, by Application
- 7.3.2 India Propionic Acid Market, by End-user
7.4 South Korea Propionic Acid Market
- 7.4.1 South Korea Propionic Acid Market, by Application
- 7.4.2 South Korea Propionic Acid Market, by End-user
7.5 Australia Propionic Acid Market
- 7.5.1 Australia Propionic Acid Market, by Application
- 7.5.2 Australia Propionic Acid Market, by End-user
7.6 Malaysia Propionic Acid Market
- 7.6.1 Malaysia Propionic Acid Market, by Application
- 7.6.2 Malaysia Propionic Acid Market, by End-user
7.7 Rest of Asia Pacific Propionic Acid Market
- 7.7.1 Rest of Asia Pacific Propionic Acid Market, by Application
- 7.7.2 Rest of Asia Pacific 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 Asia Pacific Propionic Acid Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Propionic Acid Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Food Preservatives Market, by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Food Preservatives Market, by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Food Preservatives Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Food Preservatives Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Herbicides Market, by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Herbicides Market, by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Herbicides Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Herbicides Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Rubber Products Market, by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Rubber Products Market, by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Rubber Products Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Rubber Products Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Plasticizers Market, by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Plasticizers Market, by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Plasticizers Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Plasticizers Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Others Market, by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Others Market, by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Others Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Others Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Food & Beverages Market, by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Food & Beverages Market, by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Food & Beverages Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Food & Beverages Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Agriculture Market, by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Agriculture Market, by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Agriculture Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Agriculture Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Asia Pacific Pharmaceuticals Market, by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Pharmaceuticals Market, by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Pharmaceuticals Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Asia Pacific Pharmaceuticals Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Asia Pacific Personal Care Market, by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Personal Care Market, by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Personal Care Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Asia Pacific Personal Care Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Asia Pacific Others Market, by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Others Market, by Country, 2023 - 2030, USD Million
TABLE 51 Asia Pacific Others Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 Asia Pacific Others Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 Asia Pacific Propionic Acid Market, by Country, 2019 - 2022, USD Million
TABLE 54 Asia Pacific Propionic Acid Market, by Country, 2023 - 2030, USD Million
TABLE 55 Asia Pacific Propionic Acid Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 Asia Pacific Propionic Acid Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 China Propionic Acid Market, 2019 - 2022, USD Million
TABLE 58 China Propionic Acid Market, 2023 - 2030, USD Million
TABLE 59 China Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 60 China Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 61 China Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 62 China Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 63 China Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 China Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 China Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 66 China Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 67 China Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 68 China Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 69 Japan Propionic Acid Market, 2019 - 2022, USD Million
TABLE 70 Japan Propionic Acid Market, 2023 - 2030, USD Million
TABLE 71 Japan Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Japan Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Japan Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 74 Japan Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 75 Japan Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Japan Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Japan Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 78 Japan Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 79 Japan Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 80 Japan Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 81 India Propionic Acid Market, 2019 - 2022, USD Million
TABLE 82 India Propionic Acid Market, 2023 - 2030, USD Million
TABLE 83 India Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 84 India Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 85 India Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 86 India Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 87 India Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 India Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 India Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 90 India Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 91 India Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 92 India Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 93 South Korea Propionic Acid Market, 2019 - 2022, USD Million
TABLE 94 South Korea Propionic Acid Market, 2023 - 2030, USD Million
TABLE 95 South Korea Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 96 South Korea Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 97 South Korea Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 98 South Korea Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 99 South Korea Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 South Korea Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 South Korea Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 102 South Korea Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 103 South Korea Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 104 South Korea Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 105 Australia Propionic Acid Market, 2019 - 2022, USD Million
TABLE 106 Australia Propionic Acid Market, 2023 - 2030, USD Million
TABLE 107 Australia Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 108 Australia Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 109 Australia Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 110 Australia Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 111 Australia Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 Australia Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Australia Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 114 Australia Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 115 Australia Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 116 Australia Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 117 Malaysia Propionic Acid Market, 2019 - 2022, USD Million
TABLE 118 Malaysia Propionic Acid Market, 2023 - 2030, USD Million
TABLE 119 Malaysia Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 120 Malaysia Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 121 Malaysia Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 122 Malaysia Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 123 Malaysia Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 124 Malaysia Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 125 Malaysia Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 126 Malaysia Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 127 Malaysia Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 128 Malaysia Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
TABLE 129 Rest of Asia Pacific Propionic Acid Market, 2019 - 2022, USD Million
TABLE 130 Rest of Asia Pacific Propionic Acid Market, 2023 - 2030, USD Million
TABLE 131 Rest of Asia Pacific Propionic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 132 Rest of Asia Pacific Propionic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 133 Rest of Asia Pacific Propionic Acid Market, by Application, 2019 - 2022, USD Million
TABLE 134 Rest of Asia Pacific Propionic Acid Market, by Application, 2023 - 2030, USD Million
TABLE 135 Rest of Asia Pacific Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 136 Rest of Asia Pacific Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 137 Rest of Asia Pacific Propionic Acid Market, by End-user, 2019 - 2022, USD Million
TABLE 138 Rest of Asia Pacific Propionic Acid Market, by End-user, 2023 - 2030, USD Million
TABLE 139 Rest of Asia Pacific Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
TABLE 140 Rest of Asia Pacific 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.

Asia Pacific 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