propyl gallate market report The Pearl Dream Inc

Propyl Gallate Market Share, Growth, Demand, Key Players, Grade, End-Use Industry, Key Players, Geography, Forecast 2031

Propyl Gallate Market

The propyl gallate market profiles key players that include, Alfa Aesar, Thermo Fisher Scientific, BASF, Gallochem, Haihang, HALOGENS, Impextraco, Kemin ,etc.

OREGON, PORTLAND, USA, May 16, 2023 / — Global propyl gallate market is set to exceed $533.3 million by 2031, and to grow at a CAGR of 6.8% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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By region, Asia-Pacific held the major share in 2021, generating nearly two-fifths of the global propyl gallate market. The same region would also garner the fastest CAGR of 7.3% by 2031. The other provinces analyzed in the report include Europe, North America, and LAMEA.

By end-use industry, the food industry segment generated the major share in 2021, holding nearly two-fifths of the global market, and is projected to dominate throughout the forecast period. The same segment would also cite the fastes CAGR of 7.2% by 2031. The other segments assessed through the report include lubricants, adhesives, and personal care & cosmetics.

Based on grade, the industrial grade segment held nearly two-thirds of the global propyl gallate market revenue in 2021, and is expected to lead the trail by 2031. The same segment would also manifest the fastest CAGR of 6.9% from 2022 to 2031. The pharmaceutical grade segment is also analyzed through the report.

The global propyl gallate market is analyzed across grade, end-use industry, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

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Covid-19 Scenario-

Increase in demand for medical-grade products and processed food enhanced the demand for propyl gallate as an antioxidant and food additive during the Covid-19 pandemic.
This trend is still likely to continue even after the pandemic is almost gone

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