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The market growth of propyl gallate is driven by the rising consumption of packaged food in the forthcoming period. The market is further aided by the rising disposable income across the globe. Moreover, the rising focus of the youth towards grooming, better self-presentation, and self-hygiene and styling for better looks has led to an increasing demand for cosmetics and personal care products, consequently enhancing the market growth of propyl gallate. Amazon.com, Inc. (NASDAQ: AMZN), an e-commerce site, is a platform which offers various grooming products at occasional discounts and offers. The rising penetration of the company is aiding the growth of the propyl gallate industry.
The market is propelled by the rising demand for effective lubricants and adhesives from several industrial applications. It is used as an additive in transforming oil, pressure-sensitive adhesives, lubricating oil, and special rubbers, among others. The growing demand for the product from the food industry to be used as an additive in edible oils, baked food products, fats, milk powder, mayonnaise, meat and meat products, and candies, is propelling the market growth of propyl gallate. Propyl gallate, in conjunction with ascorbic palmitate and citric acid, shows high functionality as an antioxidant utilised in the food and feed industry. All these factors are leading to an upsurge in the market growth of propyl gallate.
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Impextraco NV, Leshan Sanjiang Bio-tech Co., Ltd., Rexler, and Gallochem Co., Ltd., among others, are the key players in the global propyl gallate market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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