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PUBLISHER: KBV Research | PRODUCT CODE: 1431172
PUBLISHER: KBV Research | PRODUCT CODE: 1431172
LAMEA 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 Latin America, Middle East and Africa Propionic Acid Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 73.54 Kilo tonnes, showcasing a growth of 5.4% (2023-2030).
Ongoing research and development efforts in chemical engineering and biotechnology have led to advancements in propionic acid production processes. These technological innovations aim to enhance efficiency, reduce production costs, and minimize environmental impact. Continuous fermentation technologies and downstream processing improvements will positively influence market dynamics. The market is witnessing a trend towards customization and developing specialty applications. Manufacturers increasingly focus on producing high-purity propionic acid tailored to specific end-user requirements. This tendency is particularly evident in industries such as pharmaceuticals and specialty chemicals, where stringent quality standards drive the need for customized solutions.
Stringent regulations governing food safety and the use of preservatives are significant factors influencing the market. Compliance with regulatory standards and the need for approval from health and safety authorities play a crucial role in shaping the market dynamics. Changing consumer preferences, particularly towards clean-label products and natural ingredients, impact the demand for propionic acid in food preservation. Manufacturers adapt to these trends by exploring natural preservatives or developing alternative solutions to meet consumer expectations.
According to the International Trade Administration, the personal care segment in UAE has the largest share of $518.8 million in 2023, followed by skin care ($292.5 million), cosmetics ($174.5 million), and fragrances ($142.7 million). It is an effective preservative in cosmetics and personal care products, preventing the growth of bacteria, mold, and fungi. As the demand for preservatives in cosmetics increases, propionic acid becomes a valuable ingredient. The skincare segment within the personal care industry often utilizes propionic acid for its antimicrobial and preservative functions. As consumers in the UAE show an increasing interest in skincare, the demand for propionic acid products rises. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Propionic Acid Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $43.8 Million by 2030. The Argentina market is showcasing a CAGR of 5.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 4.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
LAMEA 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)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Propionic Acid Market, by Application
- 1.4.2 LAMEA Propionic Acid Market, by End-user
- 1.4.3 LAMEA 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. LAMEA Propionic Acid Market, by Application
- 5.1 LAMEA Food Preservatives Market, by Country
- 5.2 LAMEA Herbicides Market, by Country
- 5.3 LAMEA Rubber Products Market, by Country
- 5.4 LAMEA Plasticizers Market, by Country
- 5.5 LAMEA Others Market, by Country
Chapter 6. LAMEA Propionic Acid Market, by End-user
- 6.1 LAMEA Food & Beverages Market, by Country
- 6.2 LAMEA Agriculture Market, by Country
- 6.3 LAMEA Pharmaceuticals Market, by Country
- 6.4 LAMEA Personal Care Market, by Country
- 6.5 LAMEA Others Market, by Country
Chapter 7. LAMEA Propionic Acid Market, by Country
- 7.1 Brazil Propionic Acid Market
- 7.1.1 Brazil Propionic Acid Market, by Application
- 7.1.2 Brazil Propionic Acid Market, by End-user
- 7.2 Argentina Propionic Acid Market
- 7.2.1 Argentina Propionic Acid Market, by Application
- 7.2.2 Argentina Propionic Acid Market, by End-user
- 7.3 UAE Propionic Acid Market
- 7.3.1 UAE Propionic Acid Market, by Application
- 7.3.2 UAE Propionic Acid Market, by End-user
- 7.4 Saudi Arabia Propionic Acid Market
- 7.4.1 Saudi Arabia Propionic Acid Market, by Application
- 7.4.2 Saudi Arabia Propionic Acid Market, by End-user
- 7.5 South Africa Propionic Acid Market
- 7.5.1 South Africa Propionic Acid Market, by Application
- 7.5.2 South Africa Propionic Acid Market, by End-user
- 7.6 Nigeria Propionic Acid Market
- 7.6.1 Nigeria Propionic Acid Market, by Application
- 7.6.2 Nigeria Propionic Acid Market, by End-user
- 7.7 Rest of LAMEA Propionic Acid Market
- 7.7.1 Rest of LAMEA Propionic Acid Market, by Application
- 7.7.2 Rest of LAMEA 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 LAMEA Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 2 LAMEA Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 3 LAMEA Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 4 LAMEA Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 5 LAMEA Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 6 LAMEA Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 7 LAMEA Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 8 LAMEA Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 9 LAMEA Food Preservatives Market, by Country, 2019 - 2022, USD Million
- TABLE 10 LAMEA Food Preservatives Market, by Country, 2023 - 2030, USD Million
- TABLE 11 LAMEA Food Preservatives Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 12 LAMEA Food Preservatives Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 13 LAMEA Herbicides Market, by Country, 2019 - 2022, USD Million
- TABLE 14 LAMEA Herbicides Market, by Country, 2023 - 2030, USD Million
- TABLE 15 LAMEA Herbicides Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 16 LAMEA Herbicides Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 17 LAMEA Rubber Products Market, by Country, 2019 - 2022, USD Million
- TABLE 18 LAMEA Rubber Products Market, by Country, 2023 - 2030, USD Million
- TABLE 19 LAMEA Rubber Products Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 20 LAMEA Rubber Products Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 21 LAMEA Plasticizers Market, by Country, 2019 - 2022, USD Million
- TABLE 22 LAMEA Plasticizers Market, by Country, 2023 - 2030, USD Million
- TABLE 23 LAMEA Plasticizers Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 24 LAMEA Plasticizers Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 25 LAMEA Others Market, by Country, 2019 - 2022, USD Million
- TABLE 26 LAMEA Others Market, by Country, 2023 - 2030, USD Million
- TABLE 27 LAMEA Others Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 28 LAMEA Others Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 29 LAMEA Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 30 LAMEA Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 31 LAMEA Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 32 LAMEA Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 33 LAMEA Food & Beverages Market, by Country, 2019 - 2022, USD Million
- TABLE 34 LAMEA Food & Beverages Market, by Country, 2023 - 2030, USD Million
- TABLE 35 LAMEA Food & Beverages Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 36 LAMEA Food & Beverages Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 37 LAMEA Agriculture Market, by Country, 2019 - 2022, USD Million
- TABLE 38 LAMEA Agriculture Market, by Country, 2023 - 2030, USD Million
- TABLE 39 LAMEA Agriculture Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 40 LAMEA Agriculture Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 41 LAMEA Pharmaceuticals Market, by Country, 2019 - 2022, USD Million
- TABLE 42 LAMEA Pharmaceuticals Market, by Country, 2023 - 2030, USD Million
- TABLE 43 LAMEA Pharmaceuticals Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 44 LAMEA Pharmaceuticals Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 45 LAMEA Personal Care Market, by Country, 2019 - 2022, USD Million
- TABLE 46 LAMEA Personal Care Market, by Country, 2023 - 2030, USD Million
- TABLE 47 LAMEA Personal Care Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 48 LAMEA Personal Care Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 49 LAMEA Others Market, by Country, 2019 - 2022, USD Million
- TABLE 50 LAMEA Others Market, by Country, 2023 - 2030, USD Million
- TABLE 51 LAMEA Others Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 52 LAMEA Others Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 53 LAMEA Propionic Acid Market, by Country, 2019 - 2022, USD Million
- TABLE 54 LAMEA Propionic Acid Market, by Country, 2023 - 2030, USD Million
- TABLE 55 LAMEA Propionic Acid Market, by Country, 2019 - 2022, Kilo Tonnes
- TABLE 56 LAMEA Propionic Acid Market, by Country, 2023 - 2030, Kilo Tonnes
- TABLE 57 Brazil Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 58 Brazil Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 59 Brazil Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 60 Brazil Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 61 Brazil Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 62 Brazil Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 63 Brazil Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 64 Brazil Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 65 Brazil Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 66 Brazil Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 67 Brazil Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 68 Brazil Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 69 Argentina Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 70 Argentina Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 71 Argentina Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 72 Argentina Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 73 Argentina Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 74 Argentina Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 75 Argentina Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 76 Argentina Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 77 Argentina Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 78 Argentina Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 79 Argentina Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 80 Argentina Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 81 UAE Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 82 UAE Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 83 UAE Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 84 UAE Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 85 UAE Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 86 UAE Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 87 UAE Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 88 UAE Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 89 UAE Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 90 UAE Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 91 UAE Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 92 UAE Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 93 Saudi Arabia Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 94 Saudi Arabia Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 95 Saudi Arabia Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 96 Saudi Arabia Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 97 Saudi Arabia Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 98 Saudi Arabia Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 99 Saudi Arabia Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 100 Saudi Arabia Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 101 Saudi Arabia Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 102 Saudi Arabia Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 103 Saudi Arabia Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 104 Saudi Arabia Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 105 South Africa Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 106 South Africa Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 107 South Africa Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 108 South Africa Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 109 South Africa Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 110 South Africa Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 111 South Africa Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 112 South Africa Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 113 South Africa Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 114 South Africa Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 115 South Africa Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 116 South Africa Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 117 Nigeria Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 118 Nigeria Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 119 Nigeria Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 120 Nigeria Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 121 Nigeria Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 122 Nigeria Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 123 Nigeria Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 124 Nigeria Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 125 Nigeria Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 126 Nigeria Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 127 Nigeria Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 128 Nigeria Propionic Acid Market, by End-user, 2023 - 2030, Kilo Tonnes
- TABLE 129 Rest of LAMEA Propionic Acid Market, 2019 - 2022, USD Million
- TABLE 130 Rest of LAMEA Propionic Acid Market, 2023 - 2030, USD Million
- TABLE 131 Rest of LAMEA Propionic Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 132 Rest of LAMEA Propionic Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 133 Rest of LAMEA Propionic Acid Market, by Application, 2019 - 2022, USD Million
- TABLE 134 Rest of LAMEA Propionic Acid Market, by Application, 2023 - 2030, USD Million
- TABLE 135 Rest of LAMEA Propionic Acid Market, by Application, 2019 - 2022, Kilo Tonnes
- TABLE 136 Rest of LAMEA Propionic Acid Market, by Application, 2023 - 2030, Kilo Tonnes
- TABLE 137 Rest of LAMEA Propionic Acid Market, by End-user, 2019 - 2022, USD Million
- TABLE 138 Rest of LAMEA Propionic Acid Market, by End-user, 2023 - 2030, USD Million
- TABLE 139 Rest of LAMEA Propionic Acid Market, by End-user, 2019 - 2022, Kilo Tonnes
- TABLE 140 Rest of LAMEA 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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