The global market for propyl gallate is expected to achieve remarkable growth, reaching 534.8 million USD by 2031.
The global propyl gallate market has experienced robust growth in recent years, underscoring its importance across various industries. In 2022, the market recorded revenues of $295.8 million and is expected to reach approximately $534.8 million by 2031. This remarkable expansion reflects a significant compound annual growth rate (CAGR) of 6.8% during the forecast period from 2023 to 2031. Propyl gallate, a powerful antioxidant and preservative, is widely used in the food, pharmaceutical, and cosmetic sectors. Its ability to extend product shelf life, inhibit oxidation, and maintain product quality has greatly contributed to the growing demand. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global propyl gallate market is classified based on grade, end-user industry, and region. By Grade Industrial Grade Pharmaceutical Grade By End-User Industry Food Industry Personal Care and Cosmetics Adhesives Lubricants Others Key Companies: HALOGENS Impextraco Veeprho Group Haihang Industry Merck KGaA Thermo Fisher Scientific Kemin Industries BASF SE Leshan Sanjiang Bio-tech Co. Ltd. Alfa Aesar Rexler Wufeng Chicheng Biotech Co. Ltd. Minakem TCI America Sarex Gallochem Co. Ltd.
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