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. View Exclusive Global Strategic Business Report: http://bit.ly/2iDDnDs Expansion of Application Base to Encourage Growth of Global Market The growing demand for propioni...