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Propionic Acid   Market Synopsis Market Research Future postulates that the global propionic acid market is predicted to demonstrate a stellar CAGR during the appraisal period (2017-2023). Application in food preservatives is highly favoring the market growth. Propionic acid or PA is termed as a naturally occurring carboxylic acid which is a colorless liquid and possesses rancid odor. It occurs naturally in essential oils in the form of esters and can also be commercially obtained by the hydrocarboxylation of ethylene where nickel carbonyl as a catalyst acts as a catalyst. Propionic acid is miscible with a few organic solvents and with water and is also known as carboxyethane, carboxylic acid, ethyl formic acid, ethane carboxylic acid, and others. Propionic Acid   Market Potential and Pitfalls Propionic acid is majorly driven by its application in the food preservatives and animal feed. While 50% of the global propionic acid is consumed by the food preservative and ani...