프로피온산 시장 규모, 점유율 및 성장 분석 : 용도별, 최종사용자 산업별, 제조 경로별, 등급별, 지역별 - 업계 예측(2026-2033년)

Global Propionic Acid Market size was valued at USD 1.8 Billion in 2024 and is poised to grow from USD 1.81 Billion in 2025 to USD 1.93 Billion by 2033, growing at a CAGR of 0.8% during the forecast period (2026-2033).

Propionic acid is a clear, colorless liquid known for its distinct odor, produced through the hydro carboxylation of ethylene with nickel carbonyl as a catalyst. Its versatile applications include use as an animal feed additive and food preservative due to its antifungal and antibacterial properties. Additionally, propionic acid serves as a crop protection agent and can be integrated into cattle drinking water to enhance hygiene. This carboxylic acid, sometimes identified as methane carboxylic acid or ethyl formic acid, can naturally exist as an ester in essential oils. It acts as a natural preservative, extending the shelf life of products like tortillas, bread, and cheese while being employed in the preservation of ready-to-eat foods, indicating promising market growth in sectors utilizing propionic acid.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Propionic Acid market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Propionic Acid Market Segments Analysis

Global Propionic Acid Market is segmented by Application, End-user Industry, By Production Route, By Grade and region. Based on Application, the market is segmented into Animal Feed and Preservatives, Calcium, Ammonium and Sodium Salts, Cellulose Acetate Propionate (CAP), Herbicides, Plasticizers and Solvents and Others. Based on End-user Industry, the market is segmented into Agriculture, Food and Beverage, Personal Care, Pharmaceutical and Other End user Industries. Based on By Production Route, the market is segmented into Petrochemical and Bio-based Fermentation. Based on By Grade, the market is segmented into Feed Grade, Food Grade, Pharmaceutical Grade and Industrial Grade. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Propionic Acid Market

A key market driver for the global propionic acid market is the increasing demand from the agricultural sector, particularly in the production of herbicides and as a preservative for animal feed. The rise in population and the corresponding need for enhanced food production have led to greater reliance on agrochemicals, wherein propionic acid serves as an effective biopesticide and fungicide. Additionally, its application in food preservation supports the growth of the food industry by extending shelf life and maintaining product quality. This dual role in agriculture and food preservation is catalyzing market growth, positioning propionic acid as a vital commodity.

Restraints in the Global Propionic Acid Market

One significant market restraint for the global propionic acid market is the increasing regulatory scrutiny on chemical manufacturing processes and their environmental impacts. Stricter environmental regulations regarding emissions, waste disposal, and chemical safety can lead to higher production costs and potentially limit operational capacities for manufacturers. Additionally, these regulations may hinder market entry for new players due to the substantial investment required to comply with safety and environmental standards. The need for continuous adaptation to regulatory changes can divert resources away from innovation and expansion, ultimately impacting the overall growth and profitability of the propionic acid market.

Market Trends of the Global Propionic Acid Market

The global propionic acid market is experiencing a notable upward trend, primarily driven by its expanding range of applications across various industries. As an effective fungicide and bactericide, propionic acid is increasingly utilized in agriculture for grain storage to prevent mold and decay, as well as in livestock and poultry farming to maintain hygiene in litter and drinking water. This versatility boosts demand among end-users seeking sustainable solutions to enhance food safety and animal health. Furthermore, the rising emphasis on environmentally friendly agricultural practices augments propionic acid's appeal, positioning it as a key component in modern farming methodologies.

Table of Contents

Introduction

• Objectives of the Study
• Market Definition & Scope

Research Methodology

• Research Process
• Secondary & Primary Data Methods
• Market Size Estimation Methods

Executive Summary

• Global Market Outlook
• Key Market Highlights
• Segmental Overview
• Competition Overview

Market Dynamics & Outlook

• Macro-Economic Indicators
• Drivers & Opportunities
• Restraints & Challenges
• Supply Side Trends
• Demand Side Trends
• Porters Analysis & Impact
  • Competitive Rivalry
  • Threat of Substitute
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers

Key Market Insights

• Key Success Factors
• Market Impacting Factors
• Top Investment Pockets
• Ecosystem Mapping
• Market Attractiveness Index 2025
• PESTEL Analysis
• Regulatory Landscape
• Pricing Analysis
• Patent Analysis

Global Propionic Acid Market Size by Application & CAGR (2026-2033)

• Market Overview
• Animal Feed and Preservatives
• Calcium, Ammonium and Sodium Salts
• Cellulose Acetate Propionate (CAP)
• Herbicides
• Plasticizers and Solvents
• Others

Global Propionic Acid Market Size by End-user Industry & CAGR (2026-2033)

• Market Overview
• Agriculture
• Food and Beverage
• Personal Care
• Pharmaceutical
• Other End user Industries

Global Propionic Acid Market Size by Production Route & CAGR (2026-2033)

• Market Overview
• Petrochemical
• Bio-based Fermentation

Global Propionic Acid Market Size by Grade & CAGR (2026-2033)

• Market Overview
• Feed Grade
• Food Grade
• Pharmaceutical Grade
• Industrial Grade

Global Propionic Acid Market Size & CAGR (2026-2033)

• North America (Application, End-user Industry, By Production Route, By Grade)
  • US
  • Canada
• Europe (Application, End-user Industry, By Production Route, By Grade)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Application, End-user Industry, By Production Route, By Grade)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Application, End-user Industry, By Production Route, By Grade)
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Application, End-user Industry, By Production Route, By Grade)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• BASF SE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Eastman Chemical Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Perstorp
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• OQ Chemicals GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Celanese Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dow
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Merck KGaA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Daicel Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kraton Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Eastman Chemical Company (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hirschmann Automation and Control GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Oxea GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• KANTO KAGAKU
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FBC Industries, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Yancheng Huade (Dancheng) Biological Engineering Co.,Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Avestor S.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shandong Kunda Biotechnology Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nantong Acetic Acid Chemical Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hawkins Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Luxi Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations