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Propionic Acid Market Size, Share, Growth & Trends 2020-2027

The report discovers the marketu2019s total sale that is generated by a particular firm over a time period.

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Propionic Acid Market Size, Share, Growth & Trends 2020-2027

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  1. Propionic Acid Market To Reach USD 1.71 Billion By 2027 www.reportsanddata.com sales@reportsanddata.com

  2. Market Summary The expansion of the Food sector, the increasing demand for personal care products, and the growing demand in the pharmaceutical industry have resulted in boosting the Propionic Acid market. Propionic Acid Market Size – USD 1.00 Billion in 2018, Market Growth - CAGR of 6.5%, Market Trends – The rising demand for Propionic Acid in the pharmaceutical sector

  3. Our Approach Market Summary The Global Propionic Acid market is forecast to reach USD 1.71 Billion by 2027, according to a new report by Reports and Data. Propionic acid [PA] is a carboxylic acid that is present naturally in various dairy products at a low level. PA also occurs ubiquitously along with other short-chain fatty acids (SCFA) in the gastrointestinal tract of mammals and humans as an end-product of the microbial digestion of carbohydrates. PA has important physiological activity in animals, which is resulting in its growing demand in the pharmaceutical sector. It is widely used as an antifungal agent in food. It inhibits the growth of some bacteria and mold at the levels between 0.1 and 1% by weight. Due to the mentioned factor, most PA produced is consumed as a preservative for bother food and feed for human consumption. Monensin is mixed to cattle feed to cattle feed to support propionibacteria over acetic acid producers in the rumen. The incorporation of monensin results in producing less carbon dioxide and enhanced feed conversion. This application, i.e., use in animal feed accounts for more than half of the global production of PA. Another mentionable use of PA is as a privative in baked goods that uses the calcium and sodium salts. In the USA, EU, New Zealand, and Australia, it is approved for use as a food additive PA is listed by its E number E280 or INS number (280). Key participants include Dow, BASF SE, Hawkins Inc., Eastman Chemical Company, Perstorp, YanchengHuade Biological Engineering Co. Ltd, Sasol, DAICEL CORPORATION, Shanghai Jianbei Organic Chemical Co. Ltd and Celanese Corporation. To Get Sample Copy of Report visit: https://www.reportsanddata.com/sample-enquiry-form/2786

  4. Our Approach Market Summary Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) Animal Feed and Food Preservatives Herbicides Cellulose Acetate Propionate Calcium, Ammonium, and Sodium Salts Plasticizers Others End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) Agriculture Personal Care Food and Beverage Pharmaceutical Others Click here to avail the report at an unbelievable discount rate: https://www.reportsanddata.com/discount-enquiry-form/2786

  5. Our Approach Market Summary Further key findings from the report suggest The Propionic Acid market held a market share of USD 1.00 Billion in the year 2018 that is forecasted to grow at a rate of 6.5% during the forecast period. In context to Manufacturing Process, the Oxidation of propionaldehyde segment is projected to witness a considerable growth rate of 6.8% during the forecast period, which is expected to occupy more than 30.0% of the market in 2018. The growth rate witnessed by the Oxidation of propionaldehyde segment is attributed to its benefits like in the availability of manganese or cobalt salts the reaction proceeds rapidly at temperatures as mild as 40–50 °C, which is resulting in its growing popularity contributing to the growth rate witnessed by this segment. In context to Application, the Animal Feed and Food Preservatives segment held the largest market share of more than 50.0% in 2018, with a CAGR of 6.6% during the forecast period. The market share held by the Animal Feed and Food Preservatives segment is attributed to the high demand for PA in animal feed, which is a part of agriculture, which contributes to the market share held by this segment. In the application in animal feed, it is used either as ammonium salt or directly due to its ability in inhibiting the growth of certain bacteria. Read More @ https://www.reportsanddata.com/report-detail/propionic-acid-market

  6. Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Our Approach About Us

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