Propionic
acid, also known as CH3CH2COOH,
is a 3-carbon carboxylic acid. It is a dull and plain liquid and has a strong
smell. It is made on a commercial basis by thehydrocarboxylation of
ethylene when nickel carbonyl catalyst is present. Propionic acid and
its subsidiaries are widely used as food additives and feed. It prevents the
spread of bacteria and other microorganisms. Other sectors where propionic acid
is used are pharmaceuticals, herbicides and solvents.
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Propionic acid
can lead to irritation of the human body in case people come in touch with it.
So, different health establishments are constantly involved in observing its
contact effects. The worldwide propionic acid market has developed considerably
in the last few years. It is estimated to expand more rapidly in the coming
five years. The market is predicted to be propelled ahead by augmented
requirement from grain, feed and food additives.
Europe was the
biggest propionic acid market in recent times. It is majorly propelled by the
ban enforced on antibiotics in certain applications ever since 2006. The demand
in Europe is anticipated to grow healthily owing to large demand for the grain
and feed additive sectors. The United States of America is the biggest solitary
propionic acid market in the world. The propionic acid market was estimated to
generate revenue worth USD 908 million in 2012.
It was predicted to
increase during the projected phase, at about 8 percent CAGR. This phase lasts
from 2013 to 2019. The market is expected to garner revenue worth about USD 1,
540 million by 2019. The growing use of subsidiaries of propionic acid also
drives the propionic acid market ahead. Moreover, the accentuating demand for
food additives owing to fast development of this industry on a worldwide level
also adds to the revenue of the propionic acid market.
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