Gallic Acid Market Current Situation And Growth

Gallic Acid Market: Introduction

The organic chemical compound, gallic acid is a well-known naturally occurring antioxidant that are a secondary type of polyphenolic metabolite. Besides, the natural origin of gallic acid, a large number of synthesized gallic acid are also available. Gallic acid is the most popular trihydroxybenzoic acid, and a type of phenolic acid and has found in several plants such as gallnuts, witch hazel, tea leaves, oak bark, sumac, and other plants. Gallic acid is a colorless crystalline powder occurs as a free molecule or as a part of tannin molecule. Gallic acid is used as a synthetic intermediate in the manufacturing of pyrogallols and gallic acid esters. Furthermore, gallic acid has diverse range of industrial uses across the various end-use industries such as pharmaceutical, cosmetics, food and feed, ink and dye, and paper industry among others.

In the pharmaceutical industry, gallic acid is used to prepare trimethoprim sulfamethoxazole (TMP), synthesis of trimethoprim, sleep disordered breathing (SDB), and other sulfonamides. Moreover, the various other application of the gallic acid is to manufacture dyes for hair and leather products, and increasing use of gallic acid in the food industry because of its anti-carcinogenic, anti-microbial, and anti-mutagenic properties. In the food industry, gallic acid is used as an additive to formulate preservative propyl gallate.

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The chemicals and materials vertical is slated to witness emphasis shifting towards new-fangled value streams as well as applications driving it. One amongst them would be feedstock volatility, which is bound to influence the export competitiveness throughout. Plus, decarbonisation is making inroads, wherein renewable and recycled feedstock-based polymers are inevitable with regards to product offerings.

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Gallic Acid Market: Dynamics

The gallic acid market is expected to register a healthy growth rate during the forecast period. The key drivers for future market growth of gallic acid are going to be increasing demand from various end-use industries such as pharmaceutical, food, cosmetic, and inks & dyes industry. The growing levels of health-consciousness in humans across the globe for a healthy life and a healthy diet are enhancing healthy eating habits across the globe.

Owing to the several natural properties in the gallic acid such as anti-microbial, and antifungal & antibacterial, among others are increasing the demand for gallic acid containing food. Moreover, application of the gallic acid to prevent and treating cardiovascular diseases and cancer, and it is also used to computing the phenol content in the various industries especially in the food and pharmaceutical industry.

Such factors are projected to lay a strong base for gallic acid market growth in the upcoming years. However, the presence of alternatives of the gallic acid is expected to hampering the market growth during the forecast period.

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Gallic Acid Market: Segmentation

Grade
Food Grade
Pharma Grade
Industrial Grade
Others
Application
Medical Application
Biological Activity
Antioxidants
Food Additive
Reagent
Others
End Use Industry
Cosmetics and Personal Care
Pharmaceutical
Ink and Dye
Food and Feed Industry
Electronic Industry
Paper Industry
Others
Region
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Gallic Acid Market: Regional Outlook

By the regional perspective, North America is projected to register healthy growth and estimated to hold a dominant share in the global gallic acid market during the forecast period, owing to increasing consumption across the various end-use industries such as pharmaceutical industries for cancer and cardiovascular prevention and treatment.

The Asia Pacific is estimated to hold significant share and witness prominent growth in the global gallic acid market during the forecast period. China is prominent producer of the gallic acid across the globe. Growing gallic acid consumption in the food and pharmaceutical industry across the Asia Pacific are projected to making them one of the most lucrative region in the global gallic acid market in the near future.

Europe is expected to witness steady growth in the global gallic acid market owing to rising demand for packaging food and advanced and innovative pharmaceutical development for various diseases because of its several natural properties likely anti-fungal, anti-microbial, etc. Moreover, the Middle East & Latin America are estimated to witness moderate growth in the global gallic acid market during the forecast period, owing to growing food and ink & dye industry across those regions.

Gallic Acid Market: Key Player

Some of the key market players involved in the Gallic Acid market are:

Hubei Tianxin Biotech Co., Ltd
Gallochem Co., Ltd.
Zunyi City Bei Yuan Chemical Co.,Ltd.
Xiangxi Gaoyuan Biotechnology Co., Ltd.
JPN Pharma Pvt Ltd.
Wego chemical Group
CDH Fine Chemicals
TCI Chemicals
Merck KGaA
Haihang Industry Co., Ltd.
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