In the pharmaceutical industry, gallic acid is used to prepare trimethoprim sulfamethoxazole (TMP), synthesis of trimethoprim, sleep disordered breathing (SDB), and other sulfonamides.
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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.
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.
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.
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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: Market participants
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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