Growing Demand for Propionic Acid from Grain Preservation and Animal Feed: Market Opportunity Assessment Study by 2019, TMR

The propionic acid market has been growing at a progressive rate with the rising number of applications across the globe. The increasing research and development activities in this field is likely to accelerate the growth of the overall market in the next few years. The rising applications of propionic acid in the pharmaceutical industry is anticipated to generate promising opportunities in the near future. Key players in the market are focusing on the expansion of product portfolio and innovations, which will supplement the market’s growth in the next few years.

According to the research study, in 2012, the global propionic acid market was worth US$908.0 mn and is likely to reach a value of US$1,540.5 mn by the end of 2019. The market is predicted to register a healthy 7.70% CAGR between 2013 and 2019.

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Expansion of Application Base to Encourage Growth of Global Market

The growing demand for propionic acid from grain preservation and animal feed is one of the primary factors predicted to encourage the growth of the global market throughout the forecast period. In addition, the untapped opportunities in emerging economies are expected to accelerate the growth of the overall market in the coming few years. On the other hand, environmental impact of propionic acid and the health hazards related to the use of propionic acid are anticipated to restrict the growth of the overall market in the next few years. Nonetheless, the rising number of players in the global propionic acid market is anticipated to contribute extensively towards the development in the forecast period.

In terms of application, in 2012, the animal feed and grain preservatives segment led the global propionic acid market and accounted for a share of 52.5%. This segment is expected to remain in the leading position throughout the forecast period, thanks to the significant rise in the livestock farming. The calcium and sodium propionates segment is expected to hold the second position in the market, further followed by cellulose acetate propionate. The rising number of application of propionic acid, including food and beverages and pharmaceutical industries are anticipated to fuel the growth of the market in the next few years.

Browse Full Market Research Report TOC: http://www.transparencymarketresearch.com/propionic-acid-market.html

Rising Demand for Food to Augment Propionic Acid Market in Asia Pacific

From a geographical viewpoint, the global propionic acid market can be categorized into Asia Pacific, North America, Europe, and the Rest of the World. In 2012, Europe led and accounted for a share of 39.9% of the global propionic acid market. This region is expected to register a steady 2.10% CAGR between 2013 and 2019. The high growth of this region can be attributed to the ban imposed on antibiotic which has further likely to drive the demand for propionic acid in the next few years. Europe is expected to be followed by North America in the coming years.

Furthermore, Asia Pacific is expected to witness robust growth throughout the forecast period. The rising population and the growing demand for food and feed are some of the primary factors expected to augment propionic acid market in the coming years. In addition, the high contribution from India and China is estimated to accelerate the growth of the overall market. As per the research study, the rest of the world segment is expected to grow at a steady pace throughout the forecast period.

The global propionic acid market is extremely concentrated in nature with a few players holding a key share of the market. Some of the prominent players operating in the global market are Celanese Corporation, The Dow Chemical Company, Biomin Holdings GmbH, A.M Food Chemical Co. Ltd., Daicel Corporation, Prathista Industries Ltd., BASF SE, and Perstorp Holdings GmbH.

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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