BASF SE, Dow and Eastman Chemical Company are Dominating in the Global Propionic Acid and Derivatives Market in 2019

Global Propionic Acid and Derivatives Market is expected to grow with the CAGR of 6.1% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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Global propionic acid & derivatives market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global propionic acid & derivatives market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in July 2020, Kemin Industries, Inc. has acquired the U.S. patent application for a method to control African swine fever virus (ASFv) in feed ingredients and feed using Sal CURB Liquid Antimicrobial. Sal CURB liquid antimicrobial is a global pathogen control product manufactured by Kemin Industries, Inc.

BASF SE is dominating in the global propionic acid & derivatives market. The other players included in the global propionic acid & derivatives market report are Kemin Industries, Inc., A.M FOOD CHEMICAL CO., LIMITED, Perstorp, Biomin, Dow, Impextraco NV, Palital Feed Additives B.V., Macco Organiques Inc., Finoric LLC, Spectrum Chemical Manufacturing Corp., Niacet, Monarch Chemicals Ltd, Eastman Chemical Company, Celanese Corporation, Cayman Chemical, NOVUS INTERNATIONAL, Trouw Nutrition USA, LLC., Daicel Corporation and Krishna Chemicals among others.

PROPIONIC ACID and DERIVATIVES MARKETBASF SE:

BASF SE is headquartered in Ludwigshafen, Germany and was founded in 1865. The company mainly focuses on aligning their businesses according to the customers need by their ability to combine in-depth expertise with the wide range of resources to meet specific demands. The company deals in various business segments such as chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions and others among which the market focused segment is nutrition & care. The company is engaged in providing products under several categories such as agriculture, automotive & transportation, chemicals, construction, construction, energy & resources, furniture & wood, home care and industrial & institutional cleaning solutions, nutrition, packaging & print, paints & coatings, personal care & hygiene, pharmaceuticals, plastics & rubber, pulp & paper, textile and leather & footwear among which nutrition is the market focused category.

For instance,

  • In May 2019, BASF SE and SINOPEC have created a joint venture in Nanjing, China. This was the company’s second propionic acid production plant at the Verbund site, BASF-YPC Co., Ltd. The new plant has an annual production capacity of 30,000 metric tons of propionic acid. The total capacity of the two plants has thus been increased to 69,000 metric tons per year.

The company has presence across the globe in Americas, Europe, Asia-Pacific and Middle East & Africa. The company has various subsidiaries such as BASF Business Services GmbH (Germany), BASF Catalysts Germany GmbH (Germany), BASF Coatings GmbH (Germany), BASF Coatings GmbH (Germany), BASF Polyurethanes GmbH (Germany) and others.

Dow:

Dow is headquartered in Michigan, U.S. and was founded in 1897. The company focused on solving the problems of the present and future which are driven by the commitments to innovation, customer-centricity, inclusion, and sustainability. The company deals in various business segments such as packaging & specialty plastics, industrial intermediates & infrastructure and performance materials & coatings among which the market focused segment is industrial intermediates & infrastructure. The company is engaged in providing products under several categories such as agriculture, feed and animal care, automotive and transportation, beauty and personal care, building, construction and infrastructure, chemical manufacturing and industrial, consumer goods and appliances, electronics, films, tapes and release liners, food and beverage, healthcare and hygiene, home care, industrial and institutional cleaning, oil, gas and mining, packaging, paints, inks and coatings, power, water and telecommunications, pulp and paper, textiles, leather and nonwovens among which agriculture, feed and animal care is the market focused category.

For instance,

  • In December 2017, Dow Industrial Solutions which is a business unit of The Dow Chemical Company has expanded its propionic acid facility in Texas, U.S. to meet rising global demand of propionic acid. Increased propionic acid capacity has been a strategic investment in Dow’s long-term growth, this was aimed for the expansion in the company.

The company has wide global presence across Americas, Europe, Asia-Pacific and Middle East & Africa. The company has various subsidiaries such as AM Robin LLC (Delaware), American Mortell Corporation (Texas), Arabian Chemical Company (Polystyrene) Limited (Saudi Arabia), BASF DOW HPPO B.V. (Netherlands) and Battleground Water Company (Texas) among others.

Eastman Chemical Company:

Eastman Chemical Company is headquartered in Tennessee, U.S. and was founded in 1920. The company focuses to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company deals in various business segments such as additives & functional products, advanced materials, chemical intermediates and fibers among which the market focused segment is chemical intermediates. The company is engaged in providing services under several categories such as solvent comparison tool, resin calculation, solvent reformulation tool, solvent reformulation request, TPE resin selector, reach, technologies, SDS finder among which technologies is the market focused category.

For instance,

  • In November 2018, Eastman Chemical Company has completed a new isobutyric acid manufacturing facility at Kingsport, Tennessee site. This new manufacturing facility site for isobutyric acid has doubled the Eastman’s production capacity. Eastman isobutyric acid can be found in several applications in various markets which include agriculture intermediates, food flavours and fragrance, and protective coatings.

The company has wide global presence across the world in Americas, Europe, Asia-Pacific and Middle East & Africa. The company has various subsidiaries such as Eastman Chemical (Nanjing) Co.,Ltd. (China), Flexsys Chemicals (M) Sdn Bhd (Malaysia), Solutia Inc. (USA), Southwall Technologies Inc. (USA) and Taminco Germany GmbH (Germany) among others.