Propionic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Propionic Acid Manufacturers & Trends and it is Segmented by Application (animal feed and food preservatives, calcium, ammonium, and sodium salts, cellulose acetate propionate, herbicides, plasticizers, and other applications), End-User industry (agriculture, food and beverage, personal care, pharmaceutical, and other end-user industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for the propionic acid market are provided in terms of volume (tons) for all the above segments.

Propionic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Propionic Acid Market Size

Propionic Acid Market Summary
Study Period 2019 - 2030
Market Volume (2025) 425.70 kilotons
Market Volume (2030) 500.97 kilotons
CAGR 3.31 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration High

Major Players

Propionic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Propionic Acid Market with other markets in Chemicals & Materials Industry

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Propionic Acid Market Analysis

The Propionic Acid Market size is estimated at 425.70 kilotons in 2025, and is expected to reach 500.97 kilotons by 2030, at a CAGR of 3.31% during the forecast period (2025-2030).

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The COVID-19 epidemic harmed the propionic acid sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business is recovering since 2021 and is expected to rise significantly in the coming years.

  • Over the short term, increasing demand for grain preservatives and safe animal feed and a significant increase in adoption in emerging economies are major factors driving the market studied.
  • On the flip side, the detrimental effects of propionic acids on human health and environmental concerns regarding herbicides are some factors hindering the growth of the market studied.
  • Moreover, novel process development for propionic acid production may provide opportunities for market growth shortly.
  • Europe dominated the global propionic acid market, and Asia-Pacific will likely witness the highest growth rate during the forecast period.

Propionic Acid Industry Overview

The propionic acid market is highly consolidated in nature. Some of the major key players in the market (in no particular order) include BASF SE, Dow, Daicel Corporation, Eastman Chemical Company, and Perstorp, among others.

Propionic Acid Market Leaders

  1. BASF SE

  2. Eastman Chemical Company

  3. Dow

  4. Perstorp

  5. Daicel Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Propionic Acid Market Concentration
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Propionic Acid Market News

  • September 2022: BASF SE achieved a Carbon Neutral certification from the Carbon Trust, and now the company is offering propionic acid and neopentyl glycol with zero carbon footprint.
  • April 2022: Perstorp plans to build a new carboxylic acid manufacturing plant in Sweden by 2024, adding a production capacity of around 70,000 metric tons per year for naturally occurring carboxylic acids such as Propionic Acid.

Propionic Acid Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand for Grain Preservatives and Safe Animal Feed
    • 4.1.2 Significant Increase in Adoption in Emergeing Economies
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Detrimental Effects of Propionic Acid on Human Health
    • 4.2.2 Environmental Concerns Regarding Use of Herbicides
    • 4.2.3 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Application
    • 5.1.1 Animal Feed and Food Preservatives
    • 5.1.2 Calcium, Ammonium, and Sodium Salts
    • 5.1.3 Cellulose Acetate Propionate
    • 5.1.4 Herbicides
    • 5.1.5 Plasticizers
    • 5.1.6 Other Applications
  • 5.2 End-user Industry
    • 5.2.1 Agriculture
    • 5.2.2 Food and Beverage
    • 5.2.3 Personal Care
    • 5.2.4 Pharmaceutical
    • 5.2.5 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Argentina
    • 5.3.4.2 Brazil
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 BASF SE
    • 6.4.2 Celanese Corporation
    • 6.4.3 Daicel Corporation
    • 6.4.4 Dow
    • 6.4.5 Eastman Chemical Company
    • 6.4.6 Hawkins
    • 6.4.7 Merck KGaA
    • 6.4.8 OQ Chemicals GmbH
    • 6.4.9 Perstorp
    • 6.4.10 Shanghai Jianbei Organic Chemical Co., Ltd
    • 6.4.11 Yancheng Hongtai Bioengineering Co., Ltd
    • 6.4.12 Yancheng Huade (Dancheng) Biological Engineering Co.,Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Novel Process Development for the Production of Propionic Acid
  • 7.2 Other Opportunities
**Subject to Availability
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Propionic Acid Industry Segmentation

Propionic acid is a colorless liquid with a strong odor, which is miscible with water and a few organic solvents. The other names of propionic liquids include carboxylic acid, ethane-carboxylic acid, carboxy ethane, and ethyl formic acid. Propionic acid is a naturally occurring substance that can be used in essential oils as esters. The propionic acid market is segmented based on application, end-user industry, and geography. The market is segmented by application into animal feed and food preservatives, calcium, ammonium, sodium salts, cellulose acetate propionate, herbicides, plasticizers, and other applications. The end-user industry segments the market into agriculture, food and beverage, personal care, pharmaceutical, and other industries. The report also covers the market size and forecasts for the propionic acid market in 15 countries across major regions. The market sizing and forecasts for each segment are based on volume (Tons).

Application Animal Feed and Food Preservatives
Calcium, Ammonium, and Sodium Salts
Cellulose Acetate Propionate
Herbicides
Plasticizers
Other Applications
End-user Industry Agriculture
Food and Beverage
Personal Care
Pharmaceutical
Other End-user Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Argentina
Brazil
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Propionic Acid Market Research FAQs

How big is the Propionic Acid Market?

The Propionic Acid Market size is expected to reach 425.70 kilotons in 2025 and grow at a CAGR of 3.31% to reach 500.97 kilotons by 2030.

What is the current Propionic Acid Market size?

In 2025, the Propionic Acid Market size is expected to reach 425.70 kilotons.

Who are the key players in Propionic Acid Market?

BASF SE, Eastman Chemical Company, Dow, Perstorp and Daicel Corporation are the major companies operating in the Propionic Acid Market.

Which is the fastest growing region in Propionic Acid Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Propionic Acid Market?

In 2025, the Europe accounts for the largest market share in Propionic Acid Market.

What years does this Propionic Acid Market cover, and what was the market size in 2024?

In 2024, the Propionic Acid Market size was estimated at 411.61 kilotons. The report covers the Propionic Acid Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Propionic Acid Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Propionic Acid Industry Report

Statistics for the 2025 Propionic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Propionic Acid analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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