Gallic Acid (CAS 149-91-7) is a trihydroxybenzoic acid, a type of phenolic acid, a type of organic acid, also known as 3, 4, 5-trihydroxybenzoic acid, founded in gallnuts, sumac, witch hazel, tea leaves, oak bark, and other plants. The chemical formula is C6H2 (OH)3COOH.
Market Analysis and Insights: Global Gallic Acid Market
Due to the COVID-19 pandemic, the global Gallic Acid market size is estimated to be worth US$ 77 million in 2021 and is forecast to a readjusted size of US$ 131.1 million by 2028 with a CAGR of 7.8% during the forecast period 2022-2028.
China is the largest Gallic Acid market with about 86% market share. India is follower, accounting for about 9% market share.
The key players are Jiurui Biology, Bei Yuan Chemical, Hunan Linong, Tianxin Biotech, GALLOCHEM, Xiangxi Gaoyuan, Chicheng Biotech, JPN Pharma, Hunan Shineway, WENZHOU OUHAI etc. Top 3 companies occupied about 55% market share.
Global Gallic Acid Scope and Market Size
The global Gallic Acid market is segmented by region (country), company, by Type and by Application. Players, stakeholders, and other participants in the global Gallic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Industrial Grade
Pharmaceutical Grade
Food Grade
Segment by Application
Gardening Equipment
Construction Equipment
Agricultural Equipment
Others
By Company
Jiurui Biology
Bei Yuan Chemical
Hunan Linong
Tianxin Biotech
GALLOCHEM
Xiangxi Gaoyuan
Chicheng Biotech
JPN Pharma
Hunan Shineway
WENZHOU OUHAI
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E