Propionic Acid Market Share

APAC Market Statistics

The propionic acid market in the Asia Pacific region is projected to hold the largest revenue share of 41% by the end of 2037. The APAC region will encounter this huge expansion in the market because of the rising agriculture industry in countries like China, India, Japan, etc. For instance, China consistently provides farmers with subsidies to purchase machinery, and three types of grains have seen agricultural mechanization realized, with 95% of wheat being mechanized by 2020.

These countries in the Asia Pacific region use propionic acid such as herbicides to reduce the production of weeds in crop cultivation. The propionic acid is beneficial for crop protection. Weed control is the aim of contemporary industrial herbicides. The weed species that currently wreak havoc on crops are a holdover from earlier times, having roots in the development of agricultural techniques and crops over time. Inorganic compounds were first used in chemical weed control more than a century ago and then came the era of organic herbicides.

European Market Analysis

The propionic acid market in the European region is projected to hold the second-largest share during the foreseen period. The enlargement of this region’s market will be propelled by the increasing cosmetic care in this region and propionic acid is used in the cosmetics as well. Propionic acid helps regulate the pH of cosmetic products and shields them against deterioration by inhibiting the growth of bacteria. As a result, the personal care industry uses it extensively.

Since cosmetics have been used for thousands of years, the great majority of Europe's 500 million customers utilize them daily to maintain their health, improve their quality of life, and increase their self-esteem. Certain cosmetic and personal care items are predicted to have a near-100% market penetration rate in the EU. In France, 98% of adult women and 94% of adult men use liquid shampoo, whereas deodorant usage is nearly universal in the UK, where 94% of women and 87% of men use deodorants.