South Korea Propionic Acid and Derivatives Market to 2032
Overview
The South Korea Propionic Acid and Derivatives Market is expected to reach a 88.37 USD Billion by 2032 and is projected to grow at a CAGR of 9.73% from 2025 to 2032.
Revenue, 2024 (USD Billion)
49.57
Forecast, 2032 (USD Billion)
88.37
CAGR, 2024 - 2032
9.73%
Report Coverage
South Korea
South Korea Propionic Acid and Derivatives Market 2018-2032 USD Billion
South Korea Propionic Acid and Derivatives Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 49.57 USD Billion
- Projected Market Size (2032): 88.37 USD Billion
- CAGR (2025-2032): 9.73%
Key Findings of South Korea Propionic Acid and Derivatives Market
- The South Korea Propionic Acid and Derivatives Market was valued at 49.57 USD Billion in 2024.
- The South Korea Propionic Acid and Derivatives Market is likely to grow at a CAGR of 9.73% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Non-Encapsulated in Type Segment accounted for the largest share of the market with a revenue of 45.99 USD Billion
- The fastest growing segment Pharmaceuticals in Application Segment grew Fastest with a CAGR of 11.00% during the forecast period from 2024 to 2032.
South Korea Propionic Acid and Derivatives Market Scope
South Korea Propionic Acid and Derivatives Market Segmentation & Scope
Application
- Others
- Industrial
- Cosmetics
- Home & Personal Care
- Agriculture
- Pharmaceuticals
- Food & Beverages
- Feed
Grade
- Industrial Grade/Technical Grade
- Pharma Grade
- Food Grade
- Feed Grade
Product
- Derivatives
- Propionic Acid
Source
- Synthetic
- Natural
Type
- Encapsulated
- Non-Encapsulated
Form
- Dry
- Liquid
South Korea Propionic Acid and Derivatives Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 49.57 USD Billion |
| Market Value in 2032 | 88.37 USD Billion |
| CAGR (2025-2032) | 9.73% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Grade,Product,Source,Type,Form |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 49.57 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 49.57 USD Billion in 2024.
Segments and Scope
-
South Korea Propionic Acid and Derivatives Market to 2032, By Application
- Feed is the largest segment in South Korea Propionic Acid and Derivatives Market to 2032 with a revenue of 16.64 USD Billion in the year 2024.
- Pharmaceuticals is the Fastest growing segment in South Korea Propionic Acid and Derivatives Market to 2032 with a Growth rate of 9.30 % in forecast period 2025-2032.
-
South Korea Propionic Acid and Derivatives Market to 2032, By Grade
- Feed Grade is the largest segment in South Korea Propionic Acid and Derivatives Market to 2032 with a revenue of 19.44 USD Billion in the year 2024.
- Pharma Grade is the Fastest growing segment in South Korea Propionic Acid and Derivatives Market to 2032 with a Growth rate of 9.96 % in forecast period 2025-2032.
-
South Korea Propionic Acid and Derivatives Market to 2032, By Product
- Propionic Acid is the largest segment in South Korea Propionic Acid and Derivatives Market to 2032 with a revenue of 41.30 USD Billion in the year 2024.
- Propionic Acid is the Fastest growing segment in South Korea Propionic Acid and Derivatives Market to 2032 with a Growth rate of 9.92 % in forecast period 2025-2032.
-
South Korea Propionic Acid and Derivatives Market to 2032, By Source
- Natural is the largest segment in South Korea Propionic Acid and Derivatives Market to 2032 with a revenue of 40.71 USD Billion in the year 2024.
- Natural is the Fastest growing segment in South Korea Propionic Acid and Derivatives Market to 2032 with a Growth rate of 9.85 % in forecast period 2025-2032.
-
South Korea Propionic Acid and Derivatives Market to 2032, By Type
- Non-Encapsulated is the largest segment in South Korea Propionic Acid and Derivatives Market to 2032 with a revenue of 45.99 USD Billion in the year 2024.
- Non-Encapsulated is the Fastest growing segment in South Korea Propionic Acid and Derivatives Market to 2032 with a Growth rate of 9.82 % in forecast period 2025-2032.
-
South Korea Propionic Acid and Derivatives Market to 2032, By Form
- Liquid is the largest segment in South Korea Propionic Acid and Derivatives Market to 2032 with a revenue of 35.98 USD Billion in the year 2024.
- Liquid is the Fastest growing segment in South Korea Propionic Acid and Derivatives Market to 2032 with a Growth rate of 9.99 % in forecast period 2025-2032.
South Korea Propionic Acid and Derivatives Market Company Share Analysis
| Company Name |
|
||
| Kemin Industries Inc. | |||
| BASF SE | |||
| Eastman Chemical Company or its subsidiaries | |||
| Dow | |||
| Daicel Corporation | |||
South Korea Propionic Acid and Derivatives Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Propionic Acid and Derivatives Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Propionic Acid and Derivatives Market is segmented based on Segmentation Application,Grade,Product,Source,Type,Form.
South Korea Propionic Acid and Derivatives Market was valued at USD 49.57(Revenue in USD Billion) in 2022.
South Korea Propionic Acid and Derivatives Market is projected to grow at a CAGR of 9.73% during the forecast period of 2024 to 2032.
The Non-Encapsulated segment is expected to dominate the South Korea Propionic Acid and Derivatives Market, holding a largest market share of 45.99 USD Billion in 2024
South Korea Propionic Acid and Derivatives Market Scope
South Korea Propionic Acid and Derivatives Market Segmentation & Scope
Application
- Others
- Industrial
- Cosmetics
- Home & Personal Care
- Agriculture
- Pharmaceuticals
- Food & Beverages
- Feed
Grade
- Industrial Grade/Technical Grade
- Pharma Grade
- Food Grade
- Feed Grade
Product
- Derivatives
- Propionic Acid
Source
- Synthetic
- Natural
Type
- Encapsulated
- Non-Encapsulated
Form
- Dry
- Liquid
Frequently Asked Questions
The South Korea Propionic Acid and Derivatives Market is segmented based on Segmentation Application,Grade,Product,Source,Type,Form.
South Korea Propionic Acid and Derivatives Market was valued at USD 49.57(Revenue in USD Billion) in 2022.
South Korea Propionic Acid and Derivatives Market is projected to grow at a CAGR of 9.73% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Propionic Acid and Derivatives Market for final year is USD 88.37 (USD Billion).
South Korea Propionic Acid and Derivatives Market Company Profiling
Frequently Asked Questions
The South Korea Propionic Acid and Derivatives Market is segmented based on Segmentation Application,Grade,Product,Source,Type,Form.
South Korea Propionic Acid and Derivatives Market was valued at USD 49.57(Revenue in USD Billion) in 2022.
South Korea Propionic Acid and Derivatives Market is projected to grow at a CAGR of 9.73% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Propionic Acid and Derivatives Market for final year is USD 88.37 (USD Billion).
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