North America Propionic Acid And Derivatives Market is expected to grow with the CAGR of 6.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
North America propionic acid and 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 North America propionic acid and 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 has acquired a 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 North America pathogen control product manufactured by Kemin.
BASF SE is dominating player in North America propionic acid and derivatives market. The other players covered in the report are EASTMAN CHEMICAL COMPANY, Kemin Industries, Inc., Perstorp, Biomin, Dow, Impextraco Nv, Macco Organiques Inc., Finoric Llc, Spectrum Chemical Manufacturing Corp., Niacet, Celanese Corporation, Cayman Chemical, NOVUS INTERNATIONAL, Trouw Nutrition USA, LLC., and Daicel Corporation among others.
BASF SE is headquartered in Ludwigshafen, Germany and was founded in 1865. The company has business segments such as chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others among which nutrition & care is the market focused segment. The company is engaged in providing products 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, leather & footwear among which nutrition is the market focused category.
- In May 2019, BASF 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 North and Americas, Europe, Asia-Pacific, Middle East & Africa. The company has 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 is headquartered in Michigan, USA was founded in 1897. The company has business segments such as packaging & specialty plastics, industrial intermediates & infrastructure, and performance materials & coatings. The company is engaged in providing the products 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 products among which agriculture, feed and animal care are the market focussed category.
- In December 2017, Dow Industrial Solutions which is a business unit of The Dow Chemical Company has expanded its propionic acid facility in Texas City, Texas to meet rising North America demand of propionic acid. Increased propionic acid capacity is a strategic investment in Dow’s long-term growth this was the aim for this expansion
The company has wide presence across Americas, Europe, Asia-Pacific, and Middle East & Africa. The company has 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 are the subsidiaries of Dow.
Eastman Chemical Company
Eastman Chemical Company is headquartered in Tennessee, U.S. and was founded in 1920. The Company engaged in manufacturing and commercializing of wide range of products across the world. The company has business segments such as additives & functional products, advanced materials, chemical intermediates, fibers. The company operates in request, type resin selector, solvent comparison tool, resin calculation, solvent reformulation tool, solvent reformulation reach, technologies, and SDS finder among which technologies is the market focussed segment.
- 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 flavors and fragrance, and protective coatings.
The company has wide presence across the world such as Americas, Europe, Asia-Pacific, and Middle East & Africa. The company has 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 is the subsidiaries of company.