Propionic Acid Market was valued at USD 2965.8 million in 2020 and is expected to grow at a CAGR of 3% between 2021 and 2027. Propionic acid is a short-chain saturated fatty acid consisting of ethane attached to the carbon of the carboxy group. Know the structure and chemical formula of propionic acid. Propionic acid is a colorless oily liquid that can be miscible in water. It may be used to produce numerous esters, salts and other derivatives for use in the food and flavor industries.
In addition, it is an important ingredient in food preservatives, propionic acid has experienced a reduced limit in terms of demand, pharmaceutical growth in the market. On the other hand, the cosmetics industry also suffered a major crisis during the pandemic, and sales in the cosmetics industry fell by about 20-30% in 2020. Widespread storage closure very refuse to sell cosmetic creams, which is the production of creams and other cosmetics experienced high decline. In addition, the closure of cosmetic production facilities due to social distancing policies also became another reason in terms of reduced production.
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Top Major Key Players Industries
● Eastman Chemical
● Daicel
● Biomin Holding
● Addcon Group
● BASF
● Impextraco
● MACCO Organiques
● Perstorp Holding
● A.M. Food Chemicals
● Dow Chemical
By Application
Animal Feed and Food Preservatives
Calcium, Ammonium, and Sodium Salts
Cellulose Acetate Propionate
Herbicides
Plasticizers
Rubber Products
Other Applications
By End-user Industry
Agriculture
Food and Beverage
Personal Care
Pharmaceutical
Other End-user Industries
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Scope of the Report
The research study analyzes the global Warehousing Logistics Robots industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Warehousing Logistics Robots Market Report
What was the Warehousing Logistics Robots Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of Warehousing Logistics Robots Market during the forecast period (2021-2027)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2021-2027).
Which manufacturer vendor or players in the Warehousing Logistics Robots Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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