Propyl Gallate Market Research, 2031
Asia-Pacific held the major share in 2021, generating nearly two-fifths of the global propyl gallate market, The report include Europe, North America, & LAMEA.
WILMINGTON, DELAWARE, UNITED STATES, December 11, 2023 /EINPresswire.com/ — According to Allied Market Research, Global propyl gallate market size 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. 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 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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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.
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.
By Grade
Industrial grade
Pharmaceutical grade
By End-Use Industry
Food Industry
Personal Care and Cosmetics
Adhesives
Lubricants
Others
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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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