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SOURCE Research and Markets
DUBLIN, Feb. 24, 2014 /PRNewswire/ --
Research and Markets
) has announced the addition of the
report to their offering.
Propionic acid and 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, they are also used in herbicides, cellulose acetate propionate, esters, fragrances, etc.
The global demand for propionic acid and 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 be affected by limited production capacity and lack of technological innovation.
The global market in terms of revenue was estimated to be worth $944.6 million in 2012 and is expected to reach $1,622.2 million by 2018, growing at a CAGR of 7.3% from 2013 to 2018. Europe dominated the global propionic acid and derivatives market in 2012. Emerging markets are likely to fuel the future growth of propionic acid and derivatives.
The propionic acid and derivatives consumption in the developed markets is more than the developing markets. There are a handful of propionic acid producers which dominate the market. The majority of these companies' plants are located in the developed markets. However, demand from the emerging markets is increasing due to rising awareness about the benefits of propionic acid and derivatives.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Global Propionic Acid Market
6 Propionic Acid & Derivatives Market, By Applications (Page No. - 64)
7 Propionic Acid & Derivatives Market, By Geography
8 Competitive Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/h2cqc8/propionic_acid
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