The Global Propionic Anhydride Market was valued at USD 83.3 Million in 2024 and is projected to reach USD 106 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period (2025–2032). This growth is being driven by expanding pharmaceutical manufacturing, increasing demand for food preservatives, and the crucial role of propionic anhydride in producing cellulose acetate propionate and other specialty chemicals.

As the chemical industry evolves toward more specialized and high-purity intermediates, the focus shifts to the key manufacturers who are driving production efficiency, quality standards, and innovative applications. In this blog, we profile the Top 10 Companies in the Propionic Anhydride Industry—a mix of global chemical giants and specialized producers shaping the future of this essential chemical intermediate.

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🔟 1. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Industrial Grade, Pharmaceutical Grade Propionic Anhydride

Eastman Chemical Company is a global leader in specialty materials and chemicals, with a significant presence in the propionic anhydride market. The company leverages its extensive acetyl chain integration to produce high-purity propionic anhydride, serving diverse industries from pharmaceuticals to plastics. Their robust R&D focus ensures consistent product quality and development of application-specific grades.

Innovation Initiatives:

• Advanced catalytic processes for higher yield and purity

• Strategic partnerships with major pharmaceutical companies

• Commitment to sustainable manufacturing practices

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9️⃣ 2. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Acetyl Derivatives including Propionic Anhydride

Celanese Corporation is a global chemical and specialty materials company with a strong acetyl chain business. Their propionic anhydride production is integrated with acetic acid and other derivative manufacturing, providing cost advantages and supply chain reliability. The company serves global markets with a focus on quality and technical support.

Innovation Initiatives:

• Vertical integration across acetyl value chain

• Focus on high-value pharmaceutical applications

• Global distribution network optimization

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8️⃣ 3. Daicel Corporation

Headquarters: Osaka, Japan
Key Offering: High-Purity Propionic Anhydride for Electronics and Pharmaceuticals

Daicel Corporation is a leading Japanese chemical company with substantial expertise in organic chemicals and plastics. Their propionic anhydride operations focus on high-purity grades for demanding applications in pharmaceuticals and electronics. The company’s strong presence in Asian markets positions it well for regional growth opportunities.

Innovation Initiatives:

• Expansion of pharmaceutical-grade capacity

• Development of specialty esters for emerging applications

• Quality systems meeting international standards

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7️⃣ 4. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Propionic Anhydride and Derivative Chemicals

BASF SE, the world’s largest chemical producer, maintains a significant position in the propionic anhydride market through its extensive petrochemical operations. The company’s global scale and technical expertise enable it to serve diverse industrial applications while maintaining consistent quality standards across markets.

Innovation Initiatives:

• Integration with propylene oxide production

• Focus on sustainable chemical processes

• Global customer technical support network

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Propionic Anhydride Market – View in Detailed Research Report

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6️⃣ 5. UPI Chemical

Headquarters: Zhejiang, China
Key Offering: Cost-Competitive Propionic Anhydride for Industrial Applications

UPI Chemical is a major Chinese producer of propionic anhydride, leveraging local raw material advantages and competitive manufacturing costs. The company has significantly expanded its production capacity in recent years to meet growing domestic and international demand, particularly for industrial-grade applications.

Innovation Initiatives:

• Continuous process optimization for cost efficiency

• Expansion into export markets

• Quality improvement initiatives

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5️⃣ 6. Zengrui Chemical

Headquarters: Shandong, China
Key Offering: Industrial Grade Propionic Anhydride and Derivatives

Zengrui Chemical has emerged as a significant player in the Asian propionic anhydride market, with growing production capacity and competitive pricing. The company serves primarily industrial customers in the region, with increasing focus on quality upgrades to access higher-value market segments.

Innovation Initiatives:

• Capacity expansion projects

• Process technology upgrades

• Market diversification strategies

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4️⃣ 7. Zhonggang Group

Headquarters: Jiangsu, China
Key Offering: Propionic Anhydride for Chemical Intermediates

Zhonggang Group is another key Chinese manufacturer with substantial propionic anhydride production capabilities. The company benefits from integration with upstream propylene production and serves both domestic Chinese markets and international customers through its export operations.

Innovation Initiatives:

• Backward integration strategies

• Export market development

• Product quality enhancement programs

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3️⃣ 8. Jinon Pharma

Headquarters: Shanghai, China
Key Offering: Pharmaceutical Grade Propionic Anhydride

Jinon Pharma specializes in high-purity chemical intermediates for pharmaceutical applications, including propionic anhydride. The company’s focus on meeting stringent pharmaceutical quality standards positions it well in the growing API manufacturing sector, particularly serving the Asian pharmaceutical industry.

Innovation Initiatives:

• Pharmaceutical compliance and certification

• Specialized purification technologies

• Customer-specific product development

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2️⃣ 9. Mitsubishi Gas Chemical Company

Headquarters: Tokyo, Japan
Key Offering: High-Purity Chemicals including Propionic Anhydride

Mitsubishi Gas Chemical Company brings Japanese technological excellence to the propionic anhydride market, with a focus on high-quality products for sophisticated applications. The company’s strong technical capabilities and quality control systems make it a preferred supplier for demanding industrial and electronic applications.

Innovation Initiatives:

• Advanced purification technologies

• Electronic chemicals development

• International quality standard compliance

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1️⃣ 10. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Propionic Anhydride for Industrial Applications

Dow Chemical Company, while not a primary producer, maintains a significant presence in the propionic anhydride market through its extensive chemical operations and distribution networks. The company’s global reach and technical expertise support its position as a reliable supplier to various industrial sectors.

Innovation Initiatives:

• Supply chain optimization

• Application development support

• Sustainability-focused production practices

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Propionic Anhydride Market – View in Detailed Research Report

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🌍 Outlook: The Future of Propionic Anhydride Focuses on Purity and Sustainability

The propionic anhydride market is undergoing significant transformation. While industrial-grade products still dominate volume, the industry is increasingly investing in high-purity alternatives, advanced production technologies, and sustainable manufacturing processes.

📈 Key Trends Shaping the Market:

• Rising demand for pharmaceutical-grade propionic anhydride in API manufacturing

• Increasing regulatory requirements driving quality upgrades

• Technological advancements in production efficiency and yield improvement

• Growing Asian production capacity challenging established suppliers

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Propionic Anhydride Market – View in Detailed Research Report

The companies listed above are not only supplying essential chemical intermediates—they’re driving the technological advancement of chemical synthesis processes worldwide.