Tannin Market Forecast and Segments, 2017 – 2025

0
22

The tannin market can be segmented based on source, type, application, and region. In terms of source, the tannin market can be bifurcated into plant and brown algae. Based on type, the tannin market can be divided into hydrolysable and non-hydrolysable. Non-hydrolysable tannin is also called condensed tannin. The hydrolysable segment can be further sub-divided into ellagitannin and gallotannin. These sub-segments differ in terms of their chemical composition and structure. In terms of application, the tannin market can be segregated into medical, leather processing, wine production, wood adhesives, and others. In leather processing, collagen in animal hide or skin and tannin cross link with each other to form leather. The others segment includes ink and dyes, water purification, and gallic acid. Tannin is used in the manufacture of inks due to its ability to form dark blue or green solutions with iron salts. Based on region, the tannin market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Rise in demand for leather and wine is anticipated to drive the tannin market during the forecast period. Demand for tannin is increasing in leather processing due to the growth in demand for leather bags, footwear, and other goods. Tannin is used for clarification in wine and beer production. Furthermore, tannin is naturally present in skin, seed, and stem of grapes, from which wine is prepared. Increase in demand for leather in the automotive industry is expected to boost the tannin market in the next few years. Demand for tannin is rising in the medical sector owing to its astringent and other healthy properties.

The plant source segment is estimated to account for large share of the tannin market throughout forecast period. Wine production and leather processing application segments are expected to hold significant share of the tannin market in the next few years. Demand for non-hydrolysable tannin is high in the leather industry. Hydrolysable tannin is employed in the production of gallic acid.

Request a PDF Brochure with Research Report Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=38612

North America is projected to hold higher share of the tannin market, followed by Asia Pacific and Europe, during the forecast period. Demand for tannin in North America is rising due to the increase in wine and leather consumption in the region. Demand for tannin in the medical industry is expected to be high in Asia Pacific. China and India are estimated to constitute prominent share of the tannin market in the region in the near future. In India, tannin is used in Ayurveda, an ancient Indian medicinal system, in formulations such as churna and bhasma (powdered medicinal herbs), and other traditional medicines. The tannin market in Latin America and Middle East & Africa is likely to expand at a moderate pace in the near future.

Key players operating in the tannin market include Ajinomoto OmniChem, Laffort, and Tannin Corporation.

Leave a Reply