North America Propionic Acid and Derivatives Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.3% in the forecast period of 2020 to 2027 and expected to reach USD 6,93,806.20 thousand by 2027.
To generate the world-class Propionic Acid and Derivatives Market report, the combination of best industry insight, practical solutions, talent solutions and latest technology have been used. This industry analysis report is an important document for every market enthusiast, policymaker, investor, and market player. The report is formulated based on the market type, organization size, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The winning Propionic Acid and Derivatives Market analysis report is sure to lend a hand in enhancing sales and improving return on investment (ROI).
Propionic Acid and Derivatives Market Scope & Size:
North America Propionic Acid and Derivatives Market is segmented into six notable segments which are based on the basis of product, grade, form, type, source, and application.
- On the basis of product, the North America Propionic Acid and Derivatives Market is segmented into propionic acid, and derivatives. Derivatives are further segmented into naproxen, fenoprofen, ketoprofen, flurbiprofen, oxyproline and others. In 2020, propionic acid has the largest market share owing to factors such as the increasing applications of propionic acid in various industries.
- On the basis of grade, the North America Propionic Acid and Derivatives Market is segmented into industrial grade/technical grade, food grade, feed grade, and pharma grade. In 2020, feed grade segment dominated the market owing to factors such as the increased use of propionic acid in feeds due to the property of propionic acid which acts as a mold inhibitor in the feed products.
- On the basis of form, the North America Propionic Acid and Derivatives Market is segmented into dry, liquid. In 2020, liquid segment holds the largest market share owing to the less corrosive nature of liquid propionic acid.
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Some of the key questions answered in this report:
How has the Propionic Acid and Derivatives Market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-16.8 on the Propionic Acid and Derivatives Market?
- What are the key regional markets?
- What is the breakup of the market based on the procedure?
- What is the breakup of the market based on the injury location?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Propionic Acid and Derivatives Market and who are the key players?
- What is the degree of competition in the industry?
Market Analysis and Insight: Propionic Acid and Derivatives Market
- On the moisture content of the grain the application rate of propionic acid is depended. This rate varies depending on the conditions in which grains are stored. Propionic acid reduces the pH of the feed and improves the feed hygiene conditions as a feed preservative. It also increases the intake of feed but if it is used in a high amount, it also reduces feed intake in animals, use of propionic acid in agriculture is increasing for various applications. It is able to control all type of plants and acts as a driving factor for the market. However, the limited growth in R&D expenditure; hence it acts as restraining factor for the market. Strict regulations and government mandates on usage of propionic acid in various industries is estimated to avoid the drawbacks of propionic acid.
- This North America Propionic Acid and Derivatives Market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.
Propionic Acid and Derivatives Market - Regional Level Analysis
- The countries covered in the North America Propionic Acid and Derivatives Market report are U.S., Canada and Mexico.
- North America Propionic Acid and Derivatives Market is dominating the market due to their region because of the rising demand from feed and food preservative manufacturers in the region.
Propionic Acid and Derivatives Market - Share Analysis:
- North America Propionic Acid and Derivatives Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to North America Propionic Acid and Derivatives Market.
Key player - Propionic Acid and Derivatives Market
Some of the major players operating in North America Propionic Acid and Derivatives Market are
- EASTMAN CHEMICAL COMPANY
- Kemin Industries, Inc.
- Perstorp
- BASF SE
- Biomin, Dow
- Impextraco Nv
- Macco Organiques Inc
- Finoric Llc
- Spectrum Chemical Manufacturing Corp.
- Niacet
- Celanese Corporation
- Cayman Chemical
- NOVUS INTERNATIONAL
- Trouw Nutrition USA, LLC., and Daicel Corporation, among others, among other players domestic and global.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Propionic Acid and Derivatives Market Share by Product & Procedure type
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