What is Gallic Acid?
Gallic acid is white to off-white amorphous solid. It is hygroscopic in nature and soluble in water. It is a naturally occurring anti-oxidant and can be found in a number of natural products such as: tea leaves, oak bark, sumac, red fruits, bear berry, hazelnut and many more plants too. It is found in the form of ester and hydrolysable tannins as well. It is a photosensitive material and must be stored in a dark and cold room.
What are the applications of Gallic Acid?
Application of Gallic Acid include its use as an intermediate for the production of pyrogallal and Gallic acid esters that are used in food products and pharmaceutical industry. It is also said to have application in the prevention and treatment of cardio-vascular diseases and Cancer. It is also used to quantify the phenol content in various analytes especially used by the food industry and other pharmaceutical industries as well. It can also be used as the starting chemical for the production of hallucinogenic alkaloid Mescaline. It is also used in the manufacture of dyes, inks adhesives and other chemicals.
Market Research and Market Trends of Gallic Acid Market
With increase in the consciousness of humans for a healthy life and healthy diet the trend for healthy eating is increasing, with the natural properties of Gallic acid being anti-microbial, anti-carcinogenic, and anti-mutagenic and antioxidant, the fad for foods containing Gallic acid is also increasing. As the market gets more knowledgeable about Gallic acid its demand in the general food industry will also see a growth as a food additive, in food products, in which it doesn’t occur naturally. This will push the demand for Gallic Acid upwards.
Its important use in pharmacology to impart medicinal properties that are hepatoprotective and neuroprotective and its anti-carcinogenic and anti-microbial property make it an important intermediary. Continuous research shows a promising future for the Gallic acid market in the pharmaceutical and therapeutic industry.
Its use in cosmetics and fashion, especially to make dyes for leather and hair products, is an immense advantage as hair fashion is in the now, within our society. The market for good leather products has always been there and the demand increases with the increase in income. So the market for Gallic acid for use in dyes and tanning could also see a positive shift.
Who are the Major Players Gallic Acid Market?
For the purpose of this report the following companies were referenced: Sigma Aldrich, Cayman chemicals, Parchem, JIURIU Biology and Chemistry, Wenzhou Ouhai Fine Chemicals Corporation, Gallochem, Zhushan County Tianxin Medical and Chemical Industry Co,.Ltd , BOC Sciences, Central Drug House and many more.
What is our report scope?
The report incorporates an in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2020-2025.
Key Takeaways from this Report
- Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end-use applications and by different industry verticals.
- Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
- Get in-depth insights into your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more. Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
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