Dodecyl Gallate Market Size, Share, Growth, and Industry Analysis, By Type (Purity above 98%, Others), By Application (Food, Pharmaceutical, Personal Care, Others), and Regional Forecast From 2024 To 2032

Dodecyl Gallate Market Report Overview

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The global dodecyl gallate market size was US$ 54730 million in 2022 and is expected to generate US$ 95390.91 million by 2032, exhibiting a high CAGR of 5.7% during the forecast period. In the market study, our analysts have considered dodecyl gallate players such as Anmol Chemicals Group, Polynt SpA, Muby Chemicals, Nanjing Longyuan Natural Polyphenol Synthesis Factory, Tokyo Chemical Industry, etc.

Dodecyl gallate is a component utilized in meals, cosmetic, hair care products, adhesive, and lubricants to prevent oils and fats from oxidizing. In fluorescence microscopy, it serves as an antioxidant and a triplet state quencher.

The ester family of organic chemicals include dodecyl gallate. It results from the condensation of propanol and gallic acid. It is very soluble in water, white, crystalline, and odorless. It is often used as a food ingredient since it is a great source of antioxidants.

COVID-19 Impact: National Lockdown to Advance Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the dodecyl gallate market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

During the COVID-19 pandemic, the need for processed foods and medical-grade products has increased, which has increased demand for dodecyl gallate as an antioxidants and foods additive. The dodecyl gallate market grew more than expected in the first quarter of 2021 as a result of increased demand from the pharmaceuticals, food, cosmetics, and personal care industries.

Latest Trends

"Industrial Grade Market to Intensify Market Magnification"

The industrial grade market, which generated the most revenue in 2021, is expected to expand at a CAGR of 6.9% over the course of the forecast period. The advanced material is utilized in a variety of products and pieces of machinery that are employed in industrial settings, including as conveyor belts, where it suppresses microbial development while transporting commodities and materials. Moreover, it is frequently applied straight toHVACcoils as an antibacterial pesticide to stop the growth of microorganisms and is widely used in ice-making equipment. The demand for the advanced materialin industrial applications is predicted to rise as a result.

Dodecyl Gallate Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into purity above 98%, others

Purity above 98% is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into food, pharmaceutical, personal care, others

Food is the leading part of the application segment

Driving Factors

"Rapid Population Growth to Boost Market Share"

The demand for dodecyl gallate has expanded as a result of the rapid population growth in both established and developing economies, the rise in the import and export of different cosmetic and skincare, and increasing attention to the cosmetic industry. It is incorporated into the composition of numerous personal care and cosmetics items as an inhibitor and preservative. Throughout the projected period, these aspects are anticipated to present lucrative prospects fordodecyl gallate market share.

"Rising Disposable Income to Expand Market Forwarding "

The dodecyl gallate market growth is expanding as a result of rising urbanization, rising disposable income, and expanding petrochemical and chemical industries. Due to its antioxidants, lubricating, and stabilizing qualities, gallate is becoming more and more popular in the chemical industry. Due to its great antioxidant content, gallate is used to stop food's fats and oils from oxidizing. The chemical industry's demand for the advanced material is anticipated to rise as a result.

Restraining Factors

"Adverse Effect of the Chemical to Deplete Market Advancement"

Erythema and pruritis are adverse effects of dodecyl gallate. If taken beyond a certain point, dodecyl gallate was claimed that this excipient promotes cancer and hyperactive reactions. Individuals skin may react to this material if one has a contact allergy, though it can take a few days before one notice any symptoms. Rashes, swelling, itching, and blisters filled with fluid are typical symptoms. The chemical, however, can have adverse effects on human health, including skin irritation, dermal sensitizer, and eye irritation. This advanced material, for instance, is mildly hazardous when consumed, according to a (NLM)National Library of Medicine publication. The dodecyl gallate market is being constrained by these factors from expanding.

Dodecyl Gallate Market Regional Insights

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"Expansion of Pharmaceutical Industry to Uplift Market Growth in Asia Pacific"

With a 40% market share in the global industry in 2021,market in the Asia Pacific regionis expected to develop at the greatest rate of growth over the projection period. Due to the expansion of the pharmaceutical industry, where the advanced materialhas been employed mostly, the region is showing strong prospective growth for the substance. It primarily functions as a preservative in the production of essential oils, vitamin A, and other medications. This is one of the main factors influencing the increaseof the advanced materialin the area.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. Themarket report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market areexpected to benefit from substantial growth opportunities in the near future.

LIST OF TOP DODECYL GALLATE COMPANIES

• Anmol Chemicals Group (India)
• Polynt SpA (Italy)
• Muby Chemicals (India)
• Nanjing Longyuan Natural Polyphenol Synthesis Factory (China)
• Tokyo Chemical Industry (Japan)
• Jiurui Biology (China)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.