The global propyl gallate market was valued at $277.0 million in 2021, and is projected to reach $533.3 million by 2031, growing at a CAGR of 6.8% from 2022 to 2031.
Propyl gallate is an organic chemical compound that belongs to ester family. It is formed from the condensation process of gallic acid and propanol. It is crystalline, white, odorless, and highly soluble in water. It has a wide range of applications in various end-use industries, such as pharmaceutical, medical, food and beverages, cosmetics, and others.
Key elements such as improvement in the standard of living, positive effect of beauty and personal care products on self-esteem, and rapid shift of consumers towards luxurious and premium cosmetic brands have spurred the personal care and cosmetic industry. For instance, according to an article published by Cosmetics Europe in 2021, the personal care industry was valued at €80 billion at retail sales price in 2021. The propyl gallate acts as an excellent source of antioxidant and preservative, due to which it is extensively used in various cosmetics and skin care products, such as lipstick, foundations, cream, and others and it is also used to stabilize vitamins, essential oils, and perfumes. According to data reveled by National Library of Medicine, it states that propyl gallate currently is used as an antioxidant in a reported 167 cosmetic products at maximum concentrations of 0.1%. Propyl gallate is a Generally Recognized As Safe (GRAS) antioxidant. These factors together act as one of the key drivers responsible for the growth of the propyl gallate market.
In addition, pharmaceutical sector is growing at a rapid pace owing to rise in population, increase in R&D activities, and government initiation and investment in this sector. Furthermore, there are several key manufacturers actively engaged in the production of propyl gallate due to its widespread functionalities and application in various end-use industries. For instance, Leshan Sanjiang Biotechnology Co., Ltd. and other key players are manufacturing propyl gallate for the pharmaceutical industry. The pharmaceutical grade propyl gallate act as an antioxidant and preservative agent, owing to which it is predominantly used in the formulation of pharmaceutical products and enhances the bioavailability of active ingredients. In response to this, it is also used as an antioxidant in the formulations of fat, emulsion, and essential oils. Therefore, the demand for propyl gallate is expected to increase in the pharmaceutical industry.
However, high-cost production of propyl gallate has disturbed the overall growth of the propyl gallate market. In addition, rapid shift of consumers’ preference for natural antioxidant over synthetic propyl gallate is expected to detriment the market. In addition, several manufacturers are actively engaged in the manufacture of natural food additive over propyl gallate. Moreover, habitual use of propyl gallate may have side effects on human health, such as irritation to skin, dermal sensitizer, and irritation on eyes. For instance, according to an article published by National library of Medicine, it states that propyl gallate is a slightly toxic when it is ingested. These factors are restraining the growth of the propyl gallate in the market.
On the contrary, propyl gallate is an organic compound and antioxidant that reduces the bacterial growth in packaged food. Factors such as rise in population, increase in disposable income, advancement in food processing industry, and hectic schedule of people made them more linear towards purchasing ready to eat packaged food which in turn leads to rise in demand for propyl gallate where it is extensively used for packaging and act as a preservative for food thus, increasing the shelf life of food. Low-cost production of propyl gallate in developed and developing economies, such as China, India, and Thailand, has enhanced the demand for propyl gallate in food processing industries. This is expected to boost the demand for propyl gallate in the food packaging industry; thus, offering new avenues for the market.
The propyl gallate market is segmented on the basis of grade, end-use industry, and region. On the basis of grade, the market is categorized into industrial grade and pharmaceutical grade. On the basis of end-use industry, it is divided into food industry, personal care and cosmetics, adhesive, lubricants, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global propyl gallate market profiles leading players that include, Alfa Aesar, Thermo Fisher Scientific, BASF SE, Gallochem Co., Ltd., Haihang Industry, HALOGENS, Impextraco, Kemin Industries, Leshan Sanjiang Bio-tech Co. Ltd., Merck KGaA, Minakem, Rexler, Sarex, TCI Ameirca, Veeprho Group, and Wufeng Chicheng Biotech Co., Ltd. The global propyl gallate market report provides in-depth competitive analysis as well as profiles of these major players.
Propyl gallate is an organic chemical compound that belongs to ester family. It is formed from the condensation process of gallic acid and propanol. It is crystalline, white, odorless, and highly soluble in water. It has a wide range of applications in various end-use industries, such as pharmaceutical, medical, food and beverages, cosmetics, and others.
Key elements such as improvement in the standard of living, positive effect of beauty and personal care products on self-esteem, and rapid shift of consumers towards luxurious and premium cosmetic brands have spurred the personal care and cosmetic industry. For instance, according to an article published by Cosmetics Europe in 2021, the personal care industry was valued at €80 billion at retail sales price in 2021. The propyl gallate acts as an excellent source of antioxidant and preservative, due to which it is extensively used in various cosmetics and skin care products, such as lipstick, foundations, cream, and others and it is also used to stabilize vitamins, essential oils, and perfumes. According to data reveled by National Library of Medicine, it states that propyl gallate currently is used as an antioxidant in a reported 167 cosmetic products at maximum concentrations of 0.1%. Propyl gallate is a Generally Recognized As Safe (GRAS) antioxidant. These factors together act as one of the key drivers responsible for the growth of the propyl gallate market.
In addition, pharmaceutical sector is growing at a rapid pace owing to rise in population, increase in R&D activities, and government initiation and investment in this sector. Furthermore, there are several key manufacturers actively engaged in the production of propyl gallate due to its widespread functionalities and application in various end-use industries. For instance, Leshan Sanjiang Biotechnology Co., Ltd. and other key players are manufacturing propyl gallate for the pharmaceutical industry. The pharmaceutical grade propyl gallate act as an antioxidant and preservative agent, owing to which it is predominantly used in the formulation of pharmaceutical products and enhances the bioavailability of active ingredients. In response to this, it is also used as an antioxidant in the formulations of fat, emulsion, and essential oils. Therefore, the demand for propyl gallate is expected to increase in the pharmaceutical industry.
However, high-cost production of propyl gallate has disturbed the overall growth of the propyl gallate market. In addition, rapid shift of consumers’ preference for natural antioxidant over synthetic propyl gallate is expected to detriment the market. In addition, several manufacturers are actively engaged in the manufacture of natural food additive over propyl gallate. Moreover, habitual use of propyl gallate may have side effects on human health, such as irritation to skin, dermal sensitizer, and irritation on eyes. For instance, according to an article published by National library of Medicine, it states that propyl gallate is a slightly toxic when it is ingested. These factors are restraining the growth of the propyl gallate in the market.
On the contrary, propyl gallate is an organic compound and antioxidant that reduces the bacterial growth in packaged food. Factors such as rise in population, increase in disposable income, advancement in food processing industry, and hectic schedule of people made them more linear towards purchasing ready to eat packaged food which in turn leads to rise in demand for propyl gallate where it is extensively used for packaging and act as a preservative for food thus, increasing the shelf life of food. Low-cost production of propyl gallate in developed and developing economies, such as China, India, and Thailand, has enhanced the demand for propyl gallate in food processing industries. This is expected to boost the demand for propyl gallate in the food packaging industry; thus, offering new avenues for the market.
The propyl gallate market is segmented on the basis of grade, end-use industry, and region. On the basis of grade, the market is categorized into industrial grade and pharmaceutical grade. On the basis of end-use industry, it is divided into food industry, personal care and cosmetics, adhesive, lubricants, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global propyl gallate market profiles leading players that include, Alfa Aesar, Thermo Fisher Scientific, BASF SE, Gallochem Co., Ltd., Haihang Industry, HALOGENS, Impextraco, Kemin Industries, Leshan Sanjiang Bio-tech Co. Ltd., Merck KGaA, Minakem, Rexler, Sarex, TCI Ameirca, Veeprho Group, and Wufeng Chicheng Biotech Co., Ltd. The global propyl gallate market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the propyl gallate market analysis from 2021 to 2031 to identify the prevailing propyl gallate market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the propyl gallate market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global propyl gallate market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Grade
- Industrial grade
- Pharmaceutical grade
By End-Use Industry
- Food Industry
- Personal Care and Cosmetics
- Adhesives
- Lubricants
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Spain
- Italy
- Germany
- UK
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Alfa Aesar
- Thermo Fisher Scientific
- BASF SE
- Gallochem Co. Ltd.
- Haihang Industry
- HALOGENS
- Impextraco
- Kemin Industries
- Leshan Sanjiang Bio-tech Co. Ltd.
- Merck KGaA
- Minakem
- Rexler
- Sarex
- TCI America
- Veeprho Group
- Wufeng Chicheng Biotech Co. Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Regulatory Guidelines
3.9. Value Chain Analysis
3.10. Key Regulation Analysis
3.11. Patent Landscape
CHAPTER 4: PROPYL GALLATE MARKET, BY GRADE
4.1 Overview
4.1.1 Market size and forecast
4.2 Industrial grade
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Pharmaceutical grade
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
CHAPTER 5: PROPYL GALLATE MARKET, BY END-USE INDUSTRY
5.1 Overview
5.1.1 Market size and forecast
5.2 Food Industry
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Personal Care and Cosmetics
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Adhesives
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Lubricants
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
CHAPTER 6: PROPYL GALLATE MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Grade
6.2.3 North America Market size and forecast, by End-Use Industry
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Grade
6.2.4.1.3 Market size and forecast, by End-Use Industry
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Grade
6.2.4.2.3 Market size and forecast, by End-Use Industry
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Grade
6.2.4.3.3 Market size and forecast, by End-Use Industry
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Grade
6.3.3 Europe Market size and forecast, by End-Use Industry
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Grade
6.3.4.1.3 Market size and forecast, by End-Use Industry
6.3.4.2 UK
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Grade
6.3.4.2.3 Market size and forecast, by End-Use Industry
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Grade
6.3.4.3.3 Market size and forecast, by End-Use Industry
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Grade
6.3.4.4.3 Market size and forecast, by End-Use Industry
6.3.4.5 Italy
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Grade
6.3.4.5.3 Market size and forecast, by End-Use Industry
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Grade
6.3.4.6.3 Market size and forecast, by End-Use Industry
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Grade
6.4.3 Asia-Pacific Market size and forecast, by End-Use Industry
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Grade
6.4.4.1.3 Market size and forecast, by End-Use Industry
6.4.4.2 India
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Grade
6.4.4.2.3 Market size and forecast, by End-Use Industry
6.4.4.3 Japan
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Grade
6.4.4.3.3 Market size and forecast, by End-Use Industry
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Grade
6.4.4.4.3 Market size and forecast, by End-Use Industry
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Grade
6.4.4.5.3 Market size and forecast, by End-Use Industry
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Grade
6.4.4.6.3 Market size and forecast, by End-Use Industry
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Grade
6.5.3 LAMEA Market size and forecast, by End-Use Industry
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Grade
6.5.4.1.3 Market size and forecast, by End-Use Industry
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Grade
6.5.4.2.3 Market size and forecast, by End-Use Industry
6.5.4.3 South Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Grade
6.5.4.3.3 Market size and forecast, by End-Use Industry
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Grade
6.5.4.4.3 Market size and forecast, by End-Use Industry
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Alfa Aesar
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Thermo Fisher Scientific
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 BASF SE
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Gallochem Co. Ltd.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Haihang Industry
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 HALOGENS
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Impextraco
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Kemin Industries
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Leshan Sanjiang Bio-tech Co. Ltd.
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Merck KGaA
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Minakem
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 Rexler
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
8.13 Sarex
8.13.1 Company overview
8.13.2 Company snapshot
8.13.3 Operating business segments
8.13.4 Product portfolio
8.13.5 Business performance
8.13.6 Key strategic moves and developments
8.14 TCI America
8.14.1 Company overview
8.14.2 Company snapshot
8.14.3 Operating business segments
8.14.4 Product portfolio
8.14.5 Business performance
8.14.6 Key strategic moves and developments
8.15 Veeprho Group
8.15.1 Company overview
8.15.2 Company snapshot
8.15.3 Operating business segments
8.15.4 Product portfolio
8.15.5 Business performance
8.15.6 Key strategic moves and developments
8.16 Wufeng Chicheng Biotech Co. Ltd.
8.16.1 Company overview
8.16.2 Company snapshot
8.16.3 Operating business segments
8.16.4 Product portfolio
8.16.5 Business performance
8.16.6 Key strategic moves and developments
List of Tables
Table 1. Global Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 2. Global Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 3. Propyl Gallate Market, for Industrial Grade, by Region, 2021-2031 (Revenue, $Million)
Table 4. Propyl Gallate Market, for Industrial Grade, by Region, 2021-2031 (Volume, Tons)
Table 5. Propyl Gallate Market, for Industrial Grade, by Country, 2021-2031 (Revenue, $Million)
Table 6. Propyl Gallate Market, for Industrial Grade, by Country, 2021-2031 (Volume, Tons)
Table 7. Propyl Gallate Market, for Pharmaceutical Grade, by Region, 2021-2031 (Revenue, $Million)
Table 8. Propyl Gallate Market, for Pharmaceutical Grade, by Region, 2021-2031 (Volume, Tons)
Table 9. Propyl Gallate Market, for Pharmaceutical Grade, by Country, 2021-2031 (Revenue, $Million)
Table 10. Propyl Gallate Market, for Pharmaceutical Grade, by Country, 2021-2031 (Volume, Tons)
Table 11. Global Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 12. Global Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 13. Propyl Gallate Market, for Food Industry, by Region, 2021-2031 (Revenue, $Million)
Table 14. Propyl Gallate Market, for Food Industry, by Region, 2021-2031 (Volume, Tons)
Table 15. Propyl Gallate Market, for Food Industry, by Country, 2021-2031 (Revenue, $Million)
Table 16. Propyl Gallate Market, for Food Industry, by Country, 2021-2031 (Volume, Tons)
Table 17. Propyl Gallate Market, for Personal Care and Cosmetics, by Region, 2021-2031 (Revenue, $Million)
Table 18. Propyl Gallate Market, for Personal Care and Cosmetics, by Region, 2021-2031 (Volume, Tons)
Table 19. Propyl Gallate Market, for Personal Care and Cosmetics, by Country, 2021-2031 (Revenue, $Million)
Table 20. Propyl Gallate Market, for Personal Care and Cosmetics, by Country, 2021-2031 (Volume, Tons)
Table 21. Propyl Gallate Market, for Adhesives, by Region, 2021-2031 (Revenue, $Million)
Table 22. Propyl Gallate Market, for Adhesives, by Region, 2021-2031 (Volume, Tons)
Table 23. Propyl Gallate Market, for Adhesives, by Country, 2021-2031 (Revenue, $Million)
Table 24. Propyl Gallate Market, for Adhesives, by Country, 2021-2031 (Volume, Tons)
Table 25. Propyl Gallate Market, for Lubricants, by Region, 2021-2031 (Revenue, $Million)
Table 26. Propyl Gallate Market, for Lubricants, by Region, 2021-2031 (Volume, Tons)
Table 27. Propyl Gallate Market, for Lubricants, by Country, 2021-2031 (Revenue, $Million)
Table 28. Propyl Gallate Market, for Lubricants, by Country, 2021-2031 (Volume, Tons)
Table 29. Propyl Gallate Market, for Others, by Region, 2021-2031 (Revenue, $Million)
Table 30. Propyl Gallate Market, for Others, by Region, 2021-2031 (Volume, Tons)
Table 31. Propyl Gallate Market, for Others, by Country, 2021-2031 (Revenue, $Million)
Table 32. Propyl Gallate Market, for Others, by Country, 2021-2031 (Volume, Tons)
Table 33. Propyl Gallate Market, by Region, 2021-2031 (Revenue, $Million)
Table 34. Propyl Gallate Market, by Region, 2021-2031 (Volume, Tons)
Table 35. North America Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 36. North America Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 37. North America Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 38. North America Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 39. North America Propyl Gallate Market, by Country, 2021-2031 (Revenue, $Million)
Table 40. North America Propyl Gallate Market, by Country, 2021-2031 (Volume, Tons)
Table 41. U.S. Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 42. U.S. Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 43. U.S. Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 44. U.S. Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 45. Canada Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 46. Canada Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 47. Canada Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 48. Canada Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 49. Mexico Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 50. Mexico Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 51. Mexico Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 52. Mexico Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 53. Europe Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 54. Europe Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 55. Europe Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 56. Europe Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 57. Europe Propyl Gallate Market, by Country, 2021-2031 (Revenue, $Million)
Table 58. Europe Propyl Gallate Market, by Country, 2021-2031 (Volume, Tons)
Table 59. Germany Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 60. Germany Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 61. Germany Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 62. Germany Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 63. UK Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 64. UK Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 65. UK Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 66. UK Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 67. France Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 68. France Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 69. France Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 70. France Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 71. Spain Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 72. Spain Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 73. Spain Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 74. Spain Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 75. Italy Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 76. Italy Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 77. Italy Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 78. Italy Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 79. Rest of Europe Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 80. Rest of Europe Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 81. Rest of Europe Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 82. Rest of Europe Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 83. Asia-Pacific Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 84. Asia-Pacific Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 85. Asia-Pacific Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 86. Asia-Pacific Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 87. Asia-Pacific Propyl Gallate Market, by Country, 2021-2031 (Revenue, $Million)
Table 88. Asia-Pacific Propyl Gallate Market, by Country, 2021-2031 (Volume, Tons)
Table 89. China Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 90. China Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 91. China Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 92. China Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 93. India Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 94. India Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 95. India Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 96. India Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 97. Japan Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 98. Japan Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 99. Japan Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 100. Japan Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 101. South Korea Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 102. South Korea Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 103. South Korea Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 104. South Korea Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 105. Australia Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 106. Australia Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 107. Australia Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 108. Australia Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 109. Rest of Asia-Pacific Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 110. Rest of Asia-Pacific Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 111. Rest of Asia-Pacific Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 112. Rest of Asia-Pacific Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 113. LAMEA Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 114. LAMEA Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 115. LAMEA Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 116. LAMEA Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 117. LAMEA Propyl Gallate Market, by Country, 2021-2031 (Revenue, $Million)
Table 118. LAMEA Propyl Gallate Market, by Country, 2021-2031 (Volume, Tons)
Table 119. Brazil Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 120. Brazil Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 121. Brazil Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 122. Brazil Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 123. Saudi Arabia Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 124. Saudi Arabia Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 125. Saudi Arabia Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 126. Saudi Arabia Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 127. South Africa Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 128. South Africa Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 129. South Africa Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 130. South Africa Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 131. Rest of LAMEA Propyl Gallate Market, by Grade, 2021-2031 (Revenue, $Million)
Table 132. Rest of LAMEA Propyl Gallate Market, by Grade, 2021-2031 (Volume, Tons)
Table 133. Rest of LAMEA Propyl Gallate Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 134. Rest of LAMEA Propyl Gallate Market, by End-use Industry, 2021-2031 (Volume, Tons)
Table 135. Alfa Aesar: Company Snapshot
Table 136. Alfa Aesar: Operating Segments
Table 137. Alfa Aesar: Product Portfolio
Table 138. Alfa Aesar: Net Sales
Table 139. Alfa Aesar: Key Strategies
Table 140. Thermo Fisher Scientific: Company Snapshot
Table 141. Thermo Fisher Scientific: Operating Segments
Table 142. Thermo Fisher Scientific: Product Portfolio
Table 143. Thermo Fisher Scientific: Net Sales
Table 144. Thermo Fisher Scientific: Key Strategies
Table 145. BASF SE: Company Snapshot
Table 146. BASF SE: Operating Segments
Table 147. BASF SE: Product Portfolio
Table 148. BASF SE: Net Sales
Table 149. BASF SE: Key Strategies
Table 150. Gallochem Co. Ltd.: Company Snapshot
Table 151. Gallochem Co. Ltd.: Operating Segments
Table 152. Gallochem Co. Ltd.: Product Portfolio
Table 153. Gallochem Co. Ltd.: Net Sales
Table 154. Gallochem Co. Ltd.: Key Strategies
Table 155. Haihang Industry: Company Snapshot
Table 156. Haihang Industry: Operating Segments
Table 157. Haihang Industry: Product Portfolio
Table 158. Haihang Industry: Net Sales
Table 159. Haihang Industry: Key Strategies
Table 160. Halogens: Company Snapshot
Table 161. Halogens: Operating Segments
Table 162. Halogens: Product Portfolio
Table 163. Halogens: Net Sales
Table 164. Halogens: Key Strategies
Table 165. Impextraco: Company Snapshot
Table 166. Impextraco: Operating Segments
Table 167. Impextraco: Product Portfolio
Table 168. Impextraco: Net Sales
Table 169. Impextraco: Key Strategies
Table 170. Kemin Industries: Company Snapshot
Table 171. Kemin Industries: Operating Segments
Table 172. Kemin Industries: Product Portfolio
Table 173. Kemin Industries: Net Sales
Table 174. Kemin Industries: Key Strategies
Table 175. Leshan Sanjiang Bio-Tech Co. Ltd.: Company Snapshot
Table 176. Leshan Sanjiang Bio-Tech Co. Ltd.: Operating Segments
Table 177. Leshan Sanjiang Bio-Tech Co. Ltd.: Product Portfolio
Table 178. Leshan Sanjiang Bio-Tech Co. Ltd.: Net Sales
Table 179. Leshan Sanjiang Bio-Tech Co. Ltd.: Key Strategies
Table 180. Merck KGaA: Company Snapshot
Table 181. Merck KGaA: Operating Segments
Table 182. Merck KGaA: Product Portfolio
Table 183. Merck KGaA: Net Sales
Table 184. Merck KGaA: Key Strategies
Table 185. Minakem: Company Snapshot
Table 186. Minakem: Operating Segments
Table 187. Minakem: Product Portfolio
Table 188. Minakem: Net Sales
Table 189. Minakem: Key Strategies
Table 190. Rexler: Company Snapshot
Table 191. Rexler: Operating Segments
Table 192. Rexler: Product Portfolio
Table 193. Rexler: Net Sales
Table 194. Rexler: Key Strategies
Table 195. Sarex: Company Snapshot
Table 196. Sarex: Operating Segments
Table 197. Sarex: Product Portfolio
Table 198. Sarex: Net Sales
Table 199. Sarex: Key Strategies
Table 200. TCI America: Company Snapshot
Table 201. TCI America: Operating Segments
Table 202. TCI America: Product Portfolio
Table 203. TCI America: Net Sales
Table 204. TCI America: Key Strategies
Table 205. Veeprho Group: Company Snapshot
Table 206. Veeprho Group: Operating Segments
Table 207. Veeprho Group: Product Portfolio
Table 208. Veeprho Group: Net Sales
Table 209. Veeprho Group: Key Strategies
Table 210. Wufeng Chicheng Biotech Co. Ltd.: Company Snapshot
Table 211. Wufeng Chicheng Biotech Co. Ltd.: Operating Segments
Table 212. Wufeng Chicheng Biotech Co. Ltd.: Product Portfolio
Table 213. Wufeng Chicheng Biotech Co. Ltd.: Net Sales
Table 214. Wufeng Chicheng Biotech Co. Ltd.: Key Strategies
List of Figures
Figure 1. Propyl Gallate Market Segmentation
Figure 2. Propyl Gallate Market, 2021-2031
Figure 3. Propyl Gallate Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Propyl Gallate Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Regulatory Guidelines
Figure 14. Value Chain Analysis
Figure 15. Key Regulation Analysis
Figure 16. Patent Analysis by Company
Figure 17. Patent Analysis by Country
Figure 18. Propyl Gallate Market, By Grade, 2021(%)
Figure 19. Comparative Share Analysis of Industrial Grade Propyl Gallate Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Pharmaceutical Grade Propyl Gallate Market, 2021-2031(%)
Figure 21. Propyl Gallate Market, By End-Use Industry, 2021(%)
Figure 22. Comparative Share Analysis of Food Industry Propyl Gallate Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Personal Care and Cosmetics Propyl Gallate Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Adhesives Propyl Gallate Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Lubricants Propyl Gallate Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Others Propyl Gallate Market, 2021-2031(%)
Figure 27. Propyl Gallate Market by Region, 2021
Figure 28. U.S. Propyl Gallate Market, 2021-2031($Million)
Figure 29. Canada Propyl Gallate Market, 2021-2031($Million)
Figure 30. Mexico Propyl Gallate Market, 2021-2031($Million)
Figure 31. Germany Propyl Gallate Market, 2021-2031($Million)
Figure 32. Uk Propyl Gallate Market, 2021-2031($Million)
Figure 33. France Propyl Gallate Market, 2021-2031($Million)
Figure 34. Spain Propyl Gallate Market, 2021-2031($Million)
Figure 35. Italy Propyl Gallate Market, 2021-2031($Million)
Figure 36. Rest of Europe Propyl Gallate Market, 2021-2031($Million)
Figure 37. China Propyl Gallate Market, 2021-2031($Million)
Figure 38. India Propyl Gallate Market, 2021-2031($Million)
Figure 39. Japan Propyl Gallate Market, 2021-2031($Million)
Figure 40. South Korea Propyl Gallate Market, 2021-2031($Million)
Figure 41. Australia Propyl Gallate Market, 2021-2031($Million)
Figure 42. Rest of Asia-Pacific Propyl Gallate Market, 2021-2031($Million)
Figure 43. Brazil Propyl Gallate Market, 2021-2031($Million)
Figure 44. Saudi Arabia Propyl Gallate Market, 2021-2031($Million)
Figure 45. South Africa Propyl Gallate Market, 2021-2031($Million)
Figure 46. Rest of LAMEA Propyl Gallate Market, 2021-2031($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Alfa Aesa.: Net Sales ($Million)
Figure 54. Thermo Fisher Scientifi.: Net Sales ($Million)
Figure 55. Basf S.: Net Sales ($Million)
Figure 56. Gallochem Co. Ltd.: Net Sales ($Million)
Figure 57. Haihang Industr.: Net Sales ($Million)
Figure 58. Halogen.: Net Sales ($Million)
Figure 59. Impextrac.: Net Sales ($Million)
Figure 60. Kemin Industrie.: Net Sales ($Million)
Figure 61. Leshan Sanjiang Bio-Tech Co. Ltd.: Net Sales ($Million)
Figure 62. Merck Kga.: Net Sales ($Million)
Figure 63. Minake.: Net Sales ($Million)
Figure 64. Rexle.: Net Sales ($Million)
Figure 65. Sare.: Net Sales ($Million)
Figure 66. Tci Americ.: Net Sales ($Million)
Figure 67. Veeprho Grou.: Net Sales ($Million)
Figure 68. Wufeng Chicheng Biotech Co. Ltd.: Net Sales ($Million)
Executive Summary
According to the report, “Propyl Gallate Market," the propyl gallate market was valued at $277.0 million in 2021, and is estimated to reach $533.3 million by 2031, growing at a CAGR of 6.8% from 2022 to 2031.Propyl gallate is n-propyl ester of 3,4,5-trihydroxybenzoic acid and it is commercially prepared by condensation and esterification process, which includes propanol and gallic acid. It is an excellent source of antioxidant, preservative, stabilizer, and lubricant, due to which it finds application in various end-use industries, such as pharmaceutical, cosmetics, oil and gas, food, packaging, and others. It is also identified as ant quenching agent in fluorescence microscopy and food additive in food industry.
The wide range applications of propyl gallate in the food processing industry, chemical, laboratories, cosmetics, and many others are key market trends in the growth of propyl gallate market. In response to this, propyl gallate are generally used in the food processing industry as food additive and preservative. Gallate helps in preventing the oxidation reaction of oil and fats. These factors are expected to contribute to the growth of the propyl gallate market during the forecast period. However, rising concern regarding organic and healthy food in the food processing industry and growing consumer demand for natural additives containing packaged food are expected to affect the market growth for propyl gallate during the forecast period. These may negatively impact the growth of the global propyl gallate market.
The growing demand for industrial lubricants and adhesive is expected to boost the market in near future. In addition, extensive use of propyl gallate product in the research and development filed and formulation of various pharmaceutical drug, vitamins, essential oil, and others are expected to boost the market.
These factors together are projected to create remunerative opportunities for the expansion of the propyl gallate market during the forecast period. The propyl gallate market is segmented on the basis of type, end-use industry, and region. By grade, the market is segregated into industrial grade and pharmaceutical grade. The industrial grade dominated the global market in terms of revenue in 2021, with 64% of the total share. Industrial grade comprises various products and equipment that are being used for industrial applications where propyl gallate is incorporated into items, such as conveyor belts as it prevents microbial growth while carrying material and goods.
In addition, it is widely used in the ice-making equipment and applied directly to HVAC (Heating, ventilation, and air conditioning) coils as an antimicrobial pesticide to prevent the growth of microorganism. This is anticipated to increase the demand for propyl gallate in industrial applications. Furthermore, propyl gallate is used as a material preservative in residential and public access premises and is used for delaying, retarding, or preventing the development of oxidative deterioration on industrial equipment. This is expected to act as one of the key drivers responsible for the growth of propyl gallate in the industrial grade segment.
By end-use industry, the global propyl gallate market is segmented into food industry, personal care and cosmetics, adhesives, lubricants, and others. The food end-use industry dominated the global market in terms of revenue in 2021, with 39% of the total share. The rising population across the globe, increase in the disposable income among people, and rapid shift in the consumer preference for packaged food have enhanced the performance of the propyl gallate market. This is projected to drive the growth of the propyl gallate market during the forecast period. Moreover, increase in the food processing activity has escalated the food packaging industry.
For instance, according to a report published by Ministry of Food Processing industry in August 2022, the contribution of the food processing sector increased continuously with Gross Value Added (GVA) in food processing sector from Rs.1.34 lakh crore in 2014-15 to Rs. 2.37 lakh crore in 2020-21 at a Compound Annual Growth Rate (CAGR) of 9.97%. Propyl gallate acts as an antioxidant, which prevents food containing oils and fats from spoiling. Additionally, it is also identified as a triplet state quencher due to its antioxidant’s property. In addition, growing demand for packaged food has driven the propyl gallate market. In response to this, FDA has approved that propyl gallate is non-toxic for human consumption, owing to which, it is used as food additive in the packaging foods. These factors are expected to enhance the propyl gallate market.
Region-wise, the propyl gallate market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific propyl gallate market is projected to grow at the highest CAGR during the forecast period. The region is showcasing high potential growth for propyl gallate, owing to increase in the pharmaceutical sector where propyl gallate has been used predominantly.
It is mainly used as an antioxidant in the formulation of various drugs, vitamin A, essential oil, and others. This may act as a one of the key drivers responsible for the growth of the propyl gallate in the region. In addition, the increasing demand for processed foods has surged the growth of the food industry in Malaysia and China where propyl gallate is used as food additive and antioxidant agent. For instance, data revealed by Wufeng Chicheng Biotech Co., Ltd., oil-soluble antioxidant containing propyl gallate products are allowed in China. China stipulates that the product can be used for edible fats, fried foods, biscuits, instant noodles, instant cooked rice, canned nuts, dried fish products, and cured bacon products. This factor is expected to enhance the overall demand for propyl gallate in the Asia-Pacific region.
Countries such as India and Japan have witnessed significant growth for propyl gallate in the food packaging, cosmetics, research, and laboratories. Propyl gallate is mainly used as triplet state quencher and anti-fade reagent in fluorescence microscopy to reduce photo bleaching of fluorescent probes, such as rhodamine and fluorescein. In addition, it is extensively used as an antioxidant in the growing cosmetics industry where it reduces the oxidation of oil containing skin care and personal care products.
Key players operating in the global propyl gallate market include, Alfa Aesar, Thermo Fisher Scientific, BASF SE, Gallochem Co., Ltd., Haihang Industry, HALOGENS, Impextraco, Kemin Industries, Leshan Sanjiang Bio-tech Co. Ltd., Merck KGaA, Minakem, Rexler, Sarex, TCI Ameirca, Veeprho Group, and Wufeng Chicheng Biotech Co., Ltd.
Key Findings of the Study:
- By grade, the industrial grade is anticipated to grow at highest CAGR of 6.9% in the forecast period and accounted for 64% of market share in 2021.
- By end-use industry, the food end user industry segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.2% from 2022 to 2031.
- By region, Asia-Pacific garnered the highest share of 40% in 2021, in terms of revenue, growing at a CAGR of 7.3%.
Companies Mentioned
- Alfa Aesar
- Thermo Fisher Scientific
- BASF SE
- Gallochem Co. Ltd.
- Haihang Industry
- HALOGENS
- Impextraco
- Kemin Industries
- Leshan Sanjiang Bio-tech Co. Ltd.
- Merck KGaA
- Minakem
- Rexler
- Sarex
- TCI America
- Veeprho Group
- Wufeng Chicheng Biotech Co. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 242 |
| Published | September 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 277 million |
| Forecasted Market Value ( USD | $ 533.3 million |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
