According to BlueWeave Consulting, The Global Gallic Acid Market is expected to grow with a significant rate during the forecast period 2018-2025 owing to a wide range of industrial uses of Gallic acid including its role as standard for determing phenolic content of analytes in pharmaceutical industry and uses of Gallic acid as source material for ink, paints and colour developer.
Pharma Grade type of Gallic Acid market is projected to be the leading segment of the overall market during the forecast period
On the basis of product type, the Gallic Acid market has been segmented into Pharma grade, food Grade, Industrial Grade, and Electronic Grade. Pharma grade dominates the global Gallic Acid owing to applications of Gallic acid as used to examine the phenol content in various analytes especially used by pharmaceutical industries.
Antioxidant is projected to leading applications purpose for use of the Gallic acid during forecast period
On the basis of application, the global silicon carbide market has been segmental into Antioxidants, Biological Activity, Medical Applications and Other. By application type, Antioxidant will lead the market owing to use of Gallic acid as antioxidant in tea, nuts, wine, and fruit and also as plasticizing effect on the zein‐based film.
North America accounts for lion’s share of the global Gallic Acid market during the anticipated period.
On the basis of region, the Gallic Acid market has been segmental into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the world Gallic Acid market over the forecast period owing to major demand of Gallic Acid from Pharmaceuticals and food Industry. Asia Pacific is projected to be the fastest growing market throughout the forecast period due to major demand of Gallic Acid in food industry from China.
Global Gallic Acid Market Competitive Landscape
Companies, such as Jiurui Biology, Bei Yuan Chemical, Hunan Linong , Tianxin Biotech ,GALLOCHEM, Xiangxi Gaoyuan, Chicheng Biotech, JPN Pharma, Hunan Shineway, WENZHOU OUHAI, Leshan Sanjiang, Liupanshui Shenchi, NanJing JingZhu, Guangxi Wuming are the key players in manufacturing Gallic Acid.