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Propionic Anhydride-Global Market Insights and Sales Trends 2025
Synopsis
Propionic Anhydride (CAS 123-62-6) is an organic compound with the formula (CH3CH2CO)2O. This simple acid anhydride is a colourless liquid. It is a widely used reagent in organic synthesis.
Propionic Anhydride is a colorless liquid having a pungent odor and high boiling point. It is soluble in alcohol, ether, chloroform, and alkalies, but decomposes in water.
Propionic anhydride is used chiefly as an acylating agent, e.g. as a raw material for dyes, pharmaceuticals, agrochemicals and fragrance chemicals. Propionic anhydride is also used for the production of cellulose acetate propionate.
The global Propionic Anhydride market size is expected to reach US$ 110.9 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Propionic Anhydride in various end use industries. The expanding demands from the Pharmaceuticals, Spices and Chemical Industry,, are propelling Propionic Anhydride market. Industrial Grade, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Food Grade segment is estimated at % CAGR for the next seven-year period.
The market for Propionic Anhydride is highly concentrated. Key market players include Eastman, Celanese, UPI Chemical and Daicel, with about 73% market shares. The global Propionic Anhydride market is led by Europe and USA. USA is the largest regional market accounting for over 50% of global Propionic Anhydride market demand. In the world, the consumption areas of Propionic Anhydride are mainly Spices and Chemical Industry.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Propionic Anhydride, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Propionic Anhydride market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Propionic Anhydride market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Propionic Anhydride sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Propionic Anhydride covered in this report include Eastman, Celanese, UPI Chemical, Daicel, Zengrui, Zhonggang and Jinon, etc.
The global Propionic Anhydride market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Eastman
Celanese
UPI Chemical
Daicel
Zengrui
Zhonggang
Jinon
Global Propionic Anhydride market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Propionic Anhydride market, Segment by Type:
Industrial Grade
Food Grade
Pharmaceutical Grade
Global Propionic Anhydride market, by Application
Pharmaceuticals
Spices
Chemical Industry
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Propionic Anhydride manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Propionic Anhydride in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Propionic Anhydride (CAS 123-62-6) is an organic compound with the formula (CH3CH2CO)2O. This simple acid anhydride is a colourless liquid. It is a widely used reagent in organic synthesis.
Propionic Anhydride is a colorless liquid having a pungent odor and high boiling point. It is soluble in alcohol, ether, chloroform, and alkalies, but decomposes in water.
Propionic anhydride is used chiefly as an acylating agent, e.g. as a raw material for dyes, pharmaceuticals, agrochemicals and fragrance chemicals. Propionic anhydride is also used for the production of cellulose acetate propionate.
The global Propionic Anhydride market size is expected to reach US$ 110.9 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Propionic Anhydride in various end use industries. The expanding demands from the Pharmaceuticals, Spices and Chemical Industry,, are propelling Propionic Anhydride market. Industrial Grade, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Food Grade segment is estimated at % CAGR for the next seven-year period.
The market for Propionic Anhydride is highly concentrated. Key market players include Eastman, Celanese, UPI Chemical and Daicel, with about 73% market shares. The global Propionic Anhydride market is led by Europe and USA. USA is the largest regional market accounting for over 50% of global Propionic Anhydride market demand. In the world, the consumption areas of Propionic Anhydride are mainly Spices and Chemical Industry.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Propionic Anhydride, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Propionic Anhydride market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Propionic Anhydride market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Propionic Anhydride sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Propionic Anhydride covered in this report include Eastman, Celanese, UPI Chemical, Daicel, Zengrui, Zhonggang and Jinon, etc.
The global Propionic Anhydride market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Eastman
Celanese
UPI Chemical
Daicel
Zengrui
Zhonggang
Jinon
Global Propionic Anhydride market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Propionic Anhydride market, Segment by Type:
Industrial Grade
Food Grade
Pharmaceutical Grade
Global Propionic Anhydride market, by Application
Pharmaceuticals
Spices
Chemical Industry
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Propionic Anhydride manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Propionic Anhydride in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Propionic Anhydride Market Overview
1.1 Propionic Anhydride Product Overview
1.2 Propionic Anhydride Market Segment by Type
1.2.1 Industrial Grade
1.2.2 Food Grade
1.2.3 Pharmaceutical Grade
1.3 Global Propionic Anhydride Market Size by Type
1.3.1 Global Propionic Anhydride Market Size Overview by Type (2018-2029)
1.3.2 Global Propionic Anhydride Historic Market Size Review by Type (2018-2023)
1.3.3 Global Propionic Anhydride Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Propionic Anhydride Sales Breakdown by Type (2018-2023)
1.4.2 Europe Propionic Anhydride Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Propionic Anhydride Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Propionic Anhydride Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Propionic Anhydride Sales Breakdown by Type (2018-2023)
2 Global Propionic Anhydride Market Competition by Company
2.1 Global Top Players by Propionic Anhydride Sales (2018-2023)
2.2 Global Top Players by Propionic Anhydride Revenue (2018-2023)
2.3 Global Top Players by Propionic Anhydride Price (2018-2023)
2.4 Global Top Manufacturers Propionic Anhydride Manufacturing Base Distribution, Sales Area, Product Type
2.5 Propionic Anhydride Market Competitive Situation and Trends
2.5.1 Propionic Anhydride Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Propionic Anhydride Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Propionic Anhydride as of 2022)
2.7 Date of Key Manufacturers Enter into Propionic Anhydride Market
2.8 Key Manufacturers Propionic Anhydride Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Propionic Anhydride Status and Outlook by Region
3.1 Global Propionic Anhydride Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Propionic Anhydride Historic Market Size by Region
3.2.1 Global Propionic Anhydride Sales in Volume by Region (2018-2023)
3.2.2 Global Propionic Anhydride Sales in Value by Region (2018-2023)
3.2.3 Global Propionic Anhydride Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Propionic Anhydride Forecasted Market Size by Region
3.3.1 Global Propionic Anhydride Sales in Volume by Region (2024-2029)
3.3.2 Global Propionic Anhydride Sales in Value by Region (2024-2029)
3.3.3 Global Propionic Anhydride Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Propionic Anhydride by Application
4.1 Propionic Anhydride Market Segment by Application
4.1.1 Pharmaceuticals
4.1.2 Spices
4.1.3 Chemical Industry
4.2 Global Propionic Anhydride Market Size by Application
4.2.1 Global Propionic Anhydride Market Size Overview by Application (2018-2029)
4.2.2 Global Propionic Anhydride Historic Market Size Review by Application (2018-2023)
4.2.3 Global Propionic Anhydride Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Propionic Anhydride Sales Breakdown by Application (2018-2023)
4.3.2 Europe Propionic Anhydride Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Propionic Anhydride Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Propionic Anhydride Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Propionic Anhydride Sales Breakdown by Application (2018-2023)
5 North America Propionic Anhydride by Country
5.1 North America Propionic Anhydride Historic Market Size by Country
5.1.1 North America Propionic Anhydride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Propionic Anhydride Sales in Volume by Country (2018-2023)
5.1.3 North America Propionic Anhydride Sales in Value by Country (2018-2023)
5.2 North America Propionic Anhydride Forecasted Market Size by Country
5.2.1 North America Propionic Anhydride Sales in Volume by Country (2024-2029)
5.2.2 North America Propionic Anhydride Sales in Value by Country (2024-2029)
6 Europe Propionic Anhydride by Country
6.1 Europe Propionic Anhydride Historic Market Size by Country
6.1.1 Europe Propionic Anhydride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Propionic Anhydride Sales in Volume by Country (2018-2023)
6.1.3 Europe Propionic Anhydride Sales in Value by Country (2018-2023)
6.2 Europe Propionic Anhydride Forecasted Market Size by Country
6.2.1 Europe Propionic Anhydride Sales in Volume by Country (2024-2029)
6.2.2 Europe Propionic Anhydride Sales in Value by Country (2024-2029)
7 Asia-Pacific Propionic Anhydride by Region
7.1 Asia-Pacific Propionic Anhydride Historic Market Size by Region
7.1.1 Asia-Pacific Propionic Anhydride Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Propionic Anhydride Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Propionic Anhydride Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Propionic Anhydride Forecasted Market Size by Region
7.2.1 Asia-Pacific Propionic Anhydride Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Propionic Anhydride Sales in Value by Region (2024-2029)
8 Latin America Propionic Anhydride by Country
8.1 Latin America Propionic Anhydride Historic Market Size by Country
8.1.1 Latin America Propionic Anhydride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Propionic Anhydride Sales in Volume by Country (2018-2023)
8.1.3 Latin America Propionic Anhydride Sales in Value by Country (2018-2023)
8.2 Latin America Propionic Anhydride Forecasted Market Size by Country
8.2.1 Latin America Propionic Anhydride Sales in Volume by Country (2024-2029)
8.2.2 Latin America Propionic Anhydride Sales in Value by Country (2024-2029)
9 Middle East and Africa Propionic Anhydride by Country
9.1 Middle East and Africa Propionic Anhydride Historic Market Size by Country
9.1.1 Middle East and Africa Propionic Anhydride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Propionic Anhydride Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Propionic Anhydride Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Propionic Anhydride Forecasted Market Size by Country
9.2.1 Middle East and Africa Propionic Anhydride Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Propionic Anhydride Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Eastman
10.1.1 Eastman Company Information
10.1.2 Eastman Introduction and Business Overview
10.1.3 Eastman Propionic Anhydride Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Eastman Propionic Anhydride Products Offered
10.1.5 Eastman Recent Development
10.2 Celanese
10.2.1 Celanese Company Information
10.2.2 Celanese Introduction and Business Overview
10.2.3 Celanese Propionic Anhydride Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Celanese Propionic Anhydride Products Offered
10.2.5 Celanese Recent Development
10.3 UPI Chemical
10.3.1 UPI Chemical Company Information
10.3.2 UPI Chemical Introduction and Business Overview
10.3.3 UPI Chemical Propionic Anhydride Sales, Revenue and Gross Margin (2018-2023)
10.3.4 UPI Chemical Propionic Anhydride Products Offered
10.3.5 UPI Chemical Recent Development
10.4 Daicel
10.4.1 Daicel Company Information
10.4.2 Daicel Introduction and Business Overview
10.4.3 Daicel Propionic Anhydride Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Daicel Propionic Anhydride Products Offered
10.4.5 Daicel Recent Development
10.5 Zengrui
10.5.1 Zengrui Company Information
10.5.2 Zengrui Introduction and Business Overview
10.5.3 Zengrui Propionic Anhydride Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Zengrui Propionic Anhydride Products Offered
10.5.5 Zengrui Recent Development
10.6 Zhonggang
10.6.1 Zhonggang Company Information
10.6.2 Zhonggang Introduction and Business Overview
10.6.3 Zhonggang Propionic Anhydride Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Zhonggang Propionic Anhydride Products Offered
10.6.5 Zhonggang Recent Development
10.7 Jinon
10.7.1 Jinon Company Information
10.7.2 Jinon Introduction and Business Overview
10.7.3 Jinon Propionic Anhydride Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Jinon Propionic Anhydride Products Offered
10.7.5 Jinon Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Propionic Anhydride Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Propionic Anhydride Industrial Chain Analysis
11.4 Propionic Anhydride Market Dynamics
11.4.1 Propionic Anhydride Industry Trends
11.4.2 Propionic Anhydride Market Drivers
11.4.3 Propionic Anhydride Market Challenges
11.4.4 Propionic Anhydride Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Propionic Anhydride Distributors
12.3 Propionic Anhydride Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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