Propionic Anhydride (CAS 123-62-6) Market Analysis: Global Industry Size, Growth and Forecast

Report ID : 1356014 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel

The market size of the Propionic Anhydride (CAS 123-62-6) Market is categorized based on Application (Agriculture, Food & Beverage, Pharmaceuticals, Plastics, Cosmetics) and End User (Manufacturers, Distributors, Retailers, Research Institutions, Others) and Type (Industrial Grade, Pharmaceutical Grade, Food Grade, Technical Grade, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Valued at $150 million in 2023, the Propionic Anhydride (CAS 123-62-6) Market size is expected to grow to $250 million by 2033, with a CAGR of 5.3% from 2024 to 2033. The report comprises various segments and analyzes the trends and factors playing a substantial role in the market.

The Propionic Anhydride market (CAS 123 – 62 – 6) has captured a lot of attention lately due to its commodious use in a number of industries. This interest is primarily vekomen through its varies utilization. Propionic anhydride is a key structural component in chemical anhydrigation which is essential in the manufacturing of herbicides, pharmaceuticals, and food preservatives. Propionic anhydride’s attributes such as its polymorphism and usefulness as a raw material for propionic acid derivatives renders it extremely valuable in various growing markets. Such demand is clearly a symptom of more general phenomenon of the chemical industry which grows with alarming persistence year after year.

Different variables affect the market dynamics of anhydride propionate for the products of propionic acid monomer, including production technology developments, market regulations, and even the demands of the consumers themselves. As businesses shift their focus upon sustainability and developing green organizations, novel approaches to making and developing this compound become more feasible thus increasing market potential. First of all, however, action must be taken in novel emerging markets such as agriculture propping up alongside the traditional one, and the rapidly evolving pharma industry. This makes it all the more important to properly analyze the propionate anhydride markets for better understanding advancing changes.

 

ATTRIBUTES	DETAILS
STUDY PERIOD	2023-2033
BASE YEAR	2023
FORECAST PERIOD	2024-2033
HISTORICAL PERIOD	2023-2024
UNIT	VALUE (USD BILLION)
KEY COMPANIES PROFILED	BASF SE, Eastman Chemical Company, Perstorp Holding AB, Kraton Corporation, Oxea GmbH, Huntsman Corporation, Celanese Corporation, Daicel Corporation, SABIC, Solvay SA, Mitsubishi Chemical Corporation
SEGMENTS COVERED	By Application - Agriculture, Food & Beverage, Pharmaceuticals, Plastics, Cosmetics By End User - Manufacturers, Distributors, Retailers, Research Institutions, Others By Type - Industrial Grade, Pharmaceutical Grade, Food Grade, Technical Grade, Others By Geography - North America, Europe, APAC, Middle East Asia & Rest of World.

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Propionic Anhydride (CAS 123-62-6) Market Dynamics

The Propionic Anhydride (CAS 123-62-6) Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.

Market Drivers

1. Technological Advancements
2. Increasing Consumer Demand
3. Regulatory Support
4. Globalization

Market Restraints

1. High Operational Costs
2. Regulatory Challenges
3. Market Saturation

Market Opportunities

1. Emerging Markets
2. Product Innovation
3. Strategic Partnerships

Market Challenges

1. Technological Disruptions
2. Supply Chain Issues
3. Changing Consumer Preferences

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Key Players in the Propionic Anhydride (CAS 123-62-6) Market

This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.

• BASF SE
• Eastman Chemical Company
• Perstorp Holding AB
• Kraton Corporation
• Oxea GmbH
• Huntsman Corporation
• Celanese Corporation
• Daicel Corporation
• SABIC
• Solvay SA
• Mitsubishi Chemical Corporation

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