Coherent Market Insights

Tannin Market : To See Incredible Growth by 2026 Examined in New Market Research Report

 

Seattle, WA -- (SBWIRE) -- 02/19/2020 -- Tannin is a biomolecule extracted from fruits and plants. It can be found in the seeds, stem tissues, roots, leaves, and bark of plants. Tannin is most commonly found in gymnosperm and angiosperm plants. It is known to protect plants from predation and aids in the synthesis of plant hormones. Fruits, such as oranges, grapes, walnuts, pecans, hazelnuts, strawberries, blueberries, and cranberries, are found to be rich in tannin.

The global tannin market is expected to grow significantly during the forecast period. The increasing demand from the various end-use industries such as leather, wine, and wood adhesives is the major driving factor for the growth of the global tannin market. The anti-oxidation and decomposition properties of tannins are significant aspects fuelling the demand of tannin, mainly in the leather manufacturing and wine fermenting industries. The increasing consumption of alcohol is expected to boost the growth of tannin market. Moreover, the demand for tannin in the manufacturing of wood adhesives and medicines is expected to drive the global market growth in the near future.

Request to Get the PDF Sample of the Report: https://www.coherentmarketinsights.com/insight/request-pdf/916

Global Tannin Market Taxonomy

Based on source:
- Brown algae
- Plants

On the basis product type:
- Phlorotannins
- Hydrolysable
- Non-hydrolysable

In terms of application:
- Anti-corrosive Primers
- Leather tanning
- Wine production
- Wood adhesives
- Others

Brown algae procurement, handling, and treatment are difficult and quite expensive as compared to those of plants. Hence, the plants segment is expected to grow significantly over the forecast period. Leather tanning is the leading application segment in the global tannin market, and is expected to sustain its dominance throughout the forecast period. Tannin is required in all the stages of leather manufacturing, including crusting, preparation stage, and tanning. Furthermore, tannin contains coagulate proteins and mucosal tissues, which are beneficial for soothing scars, wounds, minor hemorrhages, and burns, and owing to such properties, medicinal tannin is in high demand all across the globe.

Global Tannin Market – Geographical Analysis

Europe holds a dominant position in the global tannin market and is expected to retain its position over the forecast period. The major demand for tannin is accounted for the growing wine industry in Europe, particularly in France. Due to the changing scenario of drinking amongst the youth, the demand for wine and beer has increased substantially thereby, increasing the demand for tannin in the region. According to the European Union, Europe produced 165,600 hectoliters of wine between 2016 and 2017. With the increasing demand for alcoholic beverages and the growing pharmaceutical industry, the need for tannin is expected to grow substantially over the forecast period.

North America, after Europe, holds the second largest market share in the global tannin market. The demand for tannin from the leather industry is a major reason for positively driving the growth of tannin market in North America. According to the U.S Hide Skin and Leather Association (USHSLA), the U.S exports 90% of total production of leather and the total industry revenue is around US$ 3 billion annually.  Moreover, the growing demand for beer and wine in the Polar Regions to keep up with the temperature is another factor boosting the growth of tannins market in this region.

Asia Pacific is anticipated to be the fastest-growing region in the global tannin market over the forecast period, owing to the increasing economy of the region and increasing personal disposable income in emerging economies has grown substantially, which in turn is increasing the need for tannin market in the region. The major demand for tannin comes from the growing need of leather and wood adhesives industries in Asia Pacific. Renovation and remodeling, increased construction, urbanization, and increased attention towards decorations has boosted the growth of wood adhesives market in the Asia Pacific region and is expected to further surge the need for tannin in the market.

Buy This Complete A Business Report: https://www.coherentmarketinsights.com/insight/buy-now/916

Competitive Scenario

Tannin Corporation, S.AAjinomoto OmniChem N.V., Polson Ltd, Tanac S.A, Forestal Mimosa Ltd, Ever s.r.l, UCL Company (Pty) Ltd, LaffortSA, Zhushan County Tianxin Medical & Chemical Co, WUlrich GmbH, and Jyoti Dye Chem Agency are some of the major companies operating in the global tannin market.

About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Raj Shah
Coherent Market Insights 1001 4th Ave,
#3200 Seattle, WA 98154,U.S.
Phone: US +1-206-701-6702/UK +44-020 8133 4027
Email: sales@coherentmarketinsights.com