Global Propionic Acid Market Size & Outlook, 2025-2030
The global propionic acid market size was estimated at USD 1,906.8 million in 2024 and is projected to reach USD 2,469.8 million by 2030, growing at a CAGR of 4.3% from 2025 to 2030.
Revenue, 2024 (US$M)
$1,906.8
Forecast, 2030 (US$M)
$2,469.8
CAGR, 2025 - 2030
4.3%
Report Coverage
Worldwide
Global propionic acid market, 2018-2030 (US$M)
Global propionic acid market highlights
- The global propionic acid market generated a revenue of USD 1,113.4 million in 2023 and is expected to reach USD 1,402.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 3.4% by 2030.
- In terms of segment, animal feed accounted for a revenue of USD 1,113.4 million in 2023.
- Animal feed is the most lucrative form segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,113.4 million |
| Market revenue in 2030 | USD 1,402.3 million |
| Growth rate | 3.4% (CAGR from 2023 to 2030) |
| Largest segment | Animal feed |
| Fastest growing segment | Animal feed |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Animal feed |
Other key industry trends
- In terms of revenue, the North America accounted for 28.9% of the global propionic acid market in 2023.
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Propionic Acid Market Scope
Propionic acid market segmentation & scope
Countries
U.S.
Mexico
Canada
UK
Germany
France
China
India
Japan
Brazil
Argentina
Saudi Arabia
South Africa
Propionic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sontara Organo Industries | View profile | 11-50 | Ambarnath, Maharashtra, India, Asia | https://sontaraorgano.com |
| Perstorp AB | View profile | 1001-5000 | Malmö, Skane Lan, Sweden, Europe | https://www.perstorp.com/ |
| Eastman Chemical Company | View profile | 10001+ | Kingsport, Tennessee, United States, North America | http://eastman.com |
| OQ Chemicals | View profile | 1001-5000 | Oberhausen, Nordrhein-Westfalen, Germany, Europe | https://chemicals.oq.com/ |
| Daicel Corp | View profile | 12480 | Grand Front Osaka Tower-B, 3-1, Ofuka-cho, Kita-ku, Osaka, Japan | http://www.daicel.com |
| Celanese Corp Class A | View profile | 12410 | 222 West Las Colinas Boulevard, Suite 900N, Irving, TX, United States, 75039-5421 | https://www.celanese.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Merck KGaA | View profile | 62345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | https://www.emdgroup.com |
Global propionic acid market size, by regions, 2018-2030 (US$M)
Top 10 countries: Propionic acid market size, 2024 (US$M)
Global propionic acid market share, by application, 2024 & 2030 (%, US$M)
Propionic acid market: Opportunity assessment by country
Global propionic acid market, by region, 2024 (US$M)
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