Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Propionic Acid Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Propionic Acid Market?
The market size for propionic acid has seen consistent growth over the recent years. It increased from $1.5 billion in 2024 to $1.55 billion in 2025, showing a compound annual growth rate (CAGR) of 3.2%.
What Are the Expected Market Growth Trends for the Propionic Acid Market Through 2029?
In 2029, the market size for propionic acid is predicted to reach $1.78 billion, growing at a compound annual growth rate of 3.6%.
Download the Free Sample Now:
What Are the Key Business Drivers in the Propionic Acid Market Landscape?
The key Drivers in the propionic acid market are:
• The propagation in the agricultural industry
• The use of propionic acid as an antimicrobial agent
• The use of propionic acid as an antifungal agent in agriculture
• Increased production values in agriculture driving demand for propionic acid
How Is the Propionic Acid Market Divided Across Key Categories?
The propionic acidmarket covered in this report is segmented –
1) By Product: Oxo Process, Reppe Process, By-product Process
2) By Application: Herbicides, Rubber Products, Plasticizers, Food Preservatives, Other Applications
3) By End-User Industry: Pharmaceuticals, Personal Care, Food And Beverage, Agriculture, Other End-User Industries
Explore the Complete Market Report:
What Are the Ongoing Trends in the Propionic Acid Market?
The key trends in the propionic acid market are:
• Increasing focus on the development of novel production processes, such as biomimetic fermentation, is a notable trend in the propionic acid market.
• Rising use of bio-sourced organic acids in the production of propionic acid is becoming prevalent.
• Companies are adopting GMO-free methods for producing propionic acid.
• Launching industrial-scale production facilities for bio-sourced acids, including propionic acid, is a growing trend.
Which Companies are Expanding in the Propionic Acid Industry?
The key players in the propionic acid market are:
• BASF SE
• Merck KGaA
• Dow Chemical Company
• Thermo Fisher Scientific Inc.
• Honeywell International Inc.
• INEOS Group Holdings S.A.
• Evonik Industries AG
• Solvay S.A.
• Arkema SA
• Eastman Chemical Company
• Celanese Corporation
• Clariant AG
• Sigma-Aldrich Corporation
• Daicel Corporation
• Novozymes A/S
• OQ Chemicals GmbH
• Corbion N.V.
• Hawkins Inc.
• Nacalai Tesque Inc.
• Kishida Chemical Co. Ltd.
• Macco Organiques Inc.
• Niacet Corporation
• Gelest Inc.
• Vigon International Inc.
• Kanto Chemical Co. Inc.
• Impextraco N.V.
• Otto Chemie Pvt. Ltd.
• Perstorp Holding AB
• Jarchem Industries Inc.
• TRInternational Inc.
Which is the Largest Region the Global Propionic Acid Market?
Europewas the largest region in the propionic acid market in 2024
