Tannin Market Positive long-term growth outlook 2018-2025
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 common in gymnosperm and angiosperm plants. It protects the plants from predation and helps in the synthesis of plant hormones. Fruits such as oranges, grapes, walnuts, pecans, hazelnuts, strawberries, blueberries, and cranberries have rich content of 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 tannins market. The anti-oxidation and decomposition properties of tannins are a major factor for the demand of tannins 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 growth of tannin market positively over the forecast period.
Request Sample Copy of this Report: https://www.coherentmarketinsights.com/insight/request-sample/916
Tannin market outlook:
Europe holds a dominant position in 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 region has the second largest market of tannin after Europe. 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 tannins 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 market.
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 players in the global tannin market.
Tannin market Taxonomy:
On the basis of source, the global tannin market is segmented into:Brown algaePlants
On the basis product type, the global tannin market is segmented into:PhlorotanninsHydrolysableNon-hydrolysable
On the basis application, the global tannin market is segmented into:Anti-corrosive PrimersLeather tanningWine productionWood adhesivesOthers
View More Information @ https://www.coherentmarketinsights.com/ongoing-insight/tannin-market-916
Brown algae procurement, handling, and treatment are difficult and expensive as compared to plants, hence plant segment of tannins market is expected to grow over the forecast period. Leather tannin is the dominant application segment and is expected to continue its dominance over the forecast period. Tannin is required in all the stages of manufacturing of leather including crusting, preparation stage, and tanning. Tannin contains coagulate proteins and mucosal tissues, which are useful in soothing scars, wounds, minor hemorrhages, and burns, in turn increasing the demand for medicinal tannin is over the forecast period.
You may be interested
Gamma Probe Device Market Report Study, Synthesis and Summation 2018-2026Albert R - November 19, 2018
Gamma Probe Device Market research report 2018, is mostly driven by the improved taking on of Gamma Probe Device across small- and medium-sized enterprises. worldwide Gamma Probe…
Gouty Arthritis Market Size, Share And Top CompaniesAlbert R - November 19, 2018
Gouty Arthritis Market research report 2018, is mostly driven by the improved taking on of Gouty Arthritis across small- and medium-sized enterprises. worldwide Gouty Arthritis Market quantifying…
Non-vascular Stents Market to Register Steady Expansion During 2018-2026Albert R - November 19, 2018
Non-vascular Stents Market research report 2018, is mostly driven by the improved taking on of Non-vascular Stents across small- and medium-sized enterprises. worldwide Non-vascular Stents Market quantifying…