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Tannin Market Revenue Opportunities and Analysis By Worldwide Top Manufacturers - 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 & C

10-16-2018 11:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: coherenet market insights

Tannin

Tannin

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.

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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.

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.

-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.

-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.

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 algae
Plants

On the basis product type, the global tannin market is segmented into:

Phlorotannins
Hydrolysable
Non-hydrolysable

On the basis application, the global tannin market is segmented into:

Anti-corrosive Primers
Leather tanning
Wine production
Wood adhesives
Others

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