Thailand Propionic Acid and Derivatives Market to 2032

Overview

The Thailand Propionic Acid and Derivatives Market is expected to reach a 57.59 USD Billion by 2032 and is projected to grow at a CAGR of 8.88% from 2025 to 2032.

Revenue, 2024 (USD Billion)

33.91

Forecast, 2032 (USD Billion)

57.59

CAGR, 2024 - 2032

8.88%

Report Coverage

Thailand

Thailand Propionic Acid and Derivatives Market 2018-2032 USD Billion

Thailand Propionic Acid and Derivatives Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 33.91 USD Billion
Projected Market Size (2032): 57.59 USD Billion
CAGR (2025-2032): 8.88%

Key Findings of Thailand Propionic Acid and Derivatives Market

The Thailand Propionic Acid and Derivatives Market was valued at 33.91 USD Billion in 2024.
The Thailand Propionic Acid and Derivatives Market is likely to grow at a CAGR of 8.88% 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 31.58 USD Billion
The fastest growing segment Pharmaceuticals in Application Segment grew Fastest with a CAGR of 10.14% during the forecast period from 2024 to 2032.

Thailand Propionic Acid and Derivatives Market Scope

Thailand Propionic Acid and Derivatives Market Segmentation & Scope

Application

Others
Industrial
Cosmetics
Home & Personal Care
Agriculture
Pharmaceuticals
Food & Beverages
Feed

Type

Encapsulated
Non-Encapsulated

Form

Dry
Liquid

Grade

Industrial Grade/Technical Grade
Pharma Grade
Food Grade
Feed Grade

Product

Derivatives
Propionic Acid

Source

Synthetic
Natural

Thailand Propionic Acid and Derivatives Market Data Coverage Insights

Study Period	2024-2032
Base Year	2022
Unit	Revenue in USD Billion
Market Value in 2024	33.91 USD Billion
Market Value in 2032	57.59 USD Billion
CAGR (2025-2032)	8.88%
Historic Data	2016-2023
Market Segments Covered	Application,Type,Form,Grade,Product,Source

Regional Insights:

Leading Market (2024-2032): Thailand, leading in terms of revenue 33.91 USD Billion in 2024
- Key Country: Thailand, leading in terms of revenue with value of 33.91 USD Billion in 2024.

Segments and Scope

Thailand Propionic Acid and Derivatives Market to 2032, By Application
- Feed is the largest segment in Thailand Propionic Acid and Derivatives Market to 2032 with a revenue of 11.84 USD Billion in the year 2024.
- Pharmaceuticals is the Fastest growing segment in Thailand Propionic Acid and Derivatives Market to 2032 with a Growth rate of 8.45 % in forecast period 2025-2032.
Thailand Propionic Acid and Derivatives Market to 2032, By Type
- Non-Encapsulated is the largest segment in Thailand Propionic Acid and Derivatives Market to 2032 with a revenue of 31.58 USD Billion in the year 2024.
- Non-Encapsulated is the Fastest growing segment in Thailand Propionic Acid and Derivatives Market to 2032 with a Growth rate of 8.97 % in forecast period 2025-2032.
Thailand Propionic Acid and Derivatives Market to 2032, By Form
- Liquid is the largest segment in Thailand Propionic Acid and Derivatives Market to 2032 with a revenue of 24.74 USD Billion in the year 2024.
- Liquid is the Fastest growing segment in Thailand Propionic Acid and Derivatives Market to 2032 with a Growth rate of 9.14 % in forecast period 2025-2032.
Thailand Propionic Acid and Derivatives Market to 2032, By Grade
- Feed Grade is the largest segment in Thailand Propionic Acid and Derivatives Market to 2032 with a revenue of 13.90 USD Billion in the year 2024.
- Pharma Grade is the Fastest growing segment in Thailand Propionic Acid and Derivatives Market to 2032 with a Growth rate of 9.09 % in forecast period 2025-2032.
Thailand Propionic Acid and Derivatives Market to 2032, By Product
- Propionic Acid is the largest segment in Thailand Propionic Acid and Derivatives Market to 2032 with a revenue of 28.38 USD Billion in the year 2024.
- Propionic Acid is the Fastest growing segment in Thailand Propionic Acid and Derivatives Market to 2032 with a Growth rate of 9.07 % in forecast period 2025-2032.
Thailand Propionic Acid and Derivatives Market to 2032, By Source
- Natural is the largest segment in Thailand Propionic Acid and Derivatives Market to 2032 with a revenue of 27.98 USD Billion in the year 2024.
- Natural is the Fastest growing segment in Thailand Propionic Acid and Derivatives Market to 2032 with a Growth rate of 8.99 % in forecast period 2025-2032.

Thailand Propionic Acid and Derivatives Market Company Share Analysis

Company Name
Kemin Industries Inc.
BASF SE
Eastman Chemical Company or its subsidiaries
Dow
Daicel Corporation

Thailand Propionic Acid and Derivatives Market Geographical Sales Distribution, 2018-2032 USD Billion

Thailand Propionic Acid and Derivatives Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Thailand Propionic Acid and Derivatives Market?

The Thailand Propionic Acid and Derivatives Market is segmented based on Segmentation Application,Type,Form,Grade,Product,Source.

What is the current market size of the Thailand Propionic Acid and Derivatives Market?

Thailand Propionic Acid and Derivatives Market was valued at USD 33.91(Revenue in USD Billion) in 2022.

What is the expected growth rate of the Thailand Propionic Acid and Derivatives Market?

Thailand Propionic Acid and Derivatives Market is projected to grow at a CAGR of 8.88% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Thailand Propionic Acid and Derivatives Market?

The Non-Encapsulated segment is expected to dominate the Thailand Propionic Acid and Derivatives Market, holding a largest market share of 31.58 USD Billion in 2024