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Major Players in Business Travel Market are:
Short Description About Business Travel Market:
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 USD 77 million in 2021 and is forecast to a readjusted size of USD 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.
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