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NEW YORK, July 13, 2021 /PRNewswire/ —

The propionic acid market is expected to grow by 86.21 thousand MT during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the propionic acid market in optimistic, probable, and pessimistic forecast scenarios.

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The propionic acid market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

Adjust their strategic planning to move ahead once business stability kicks in. Build Resilience by making effective resource and investment choices  for individual business units, products, and service lines. Conceptualize scenario-based planning to mitigate future crisis situations. Download the Post-Pandemic Business Planning Structure

Key Considerations for Market Forecast:

Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds Pre- as well as post-COVID-19 market estimates Quarterly impact analysis and updates on market estimates Gain instant access to 17,000+ market research reports by using Technavio’s SUBSCRIPTION platform

Related Reports on Materials Include:

Global Tartaric Acid Market – Global tartaric acid market is segmented by Application (Wine, Food and beverages, Pharmaceuticals, and Others) and Geography ( Europe, APAC, North America, South America, and MEA). Download Exclusive Free Sample Report

Global Nitric Acid Market – Global nitric acid market is segmented by application (fertilizers and others) and geography (APAC, Europe, MEA, North America, and South America). Download Exclusive Free Sample Report

Major Three Propionic Acid Market Participants:

BASF SEThe company offers propionic acid in a wide range of grades and concentrations.

Corbion NVThe company offers propionic acid in a wide range of grades and concentrations.

Daicel Corp.The company offers propionic acid in a wide range of grades and concentrations.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get the report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/propionic-acid-market-industry-analysis

Propionic Acid Market 2021-2025: Segmentation

Propionic acid market is segmented as below:

Application Animal Feed and Grain Preservatives Sodium And Calcium Propionate CAP Others Geography Europe North America APAC South America MEA The propionic acid market is driven by the use of propionic acid in food preservation. In addition, the increased use of propionic acid in the agricultural sector is expected to trigger the propionic acid market toward witnessing a CAGR of over 3% during the forecast period.

Get more insights about the global trends impacting the future of the propionic acid market, Request Free Sample @  https://www.technavio.com/talk-to-us?report=IRTNTR70688

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio Research Jesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.com Website: www.technavio.com/ Report:  www.technavio.com/report/propionic-acid-market-industry-analysis Newsroom: newsroom.technavio.com/news/propionic-acidmarket

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SOURCE Technavio