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Industry Dynamics: Tannin Market by Key Vendors: Forestal Mimosa Ltd., Tannin Corporation, Laffort SA, Tanac S.A., Tanin Sevnica d.d., Zhushan County Tianxin Medical & Chemical Co., Ltd.

Tannin Market

Tannin Market

According to a new study published by Polaris Market Research the worldwide Tannin Market is anticipated to reach around USD 3,755 million by 2026. In 2017, the leather tanning application dominated the global market, in terms of revenue.

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The rapid increase in the demand of tannin from leather industry majorly drives the growth of this market. Growing demand from wine industry, and increasing disposable income especially in developing regions support the market growth. The consumers are increasingly consuming alcohol owing to rising living standards, rising disposable income, and improving lifestyles.

The rising demand of luxury goods, automobiles with luxurious leather interiors, clothes, and shoes is expected to drive the market during the forecast period. The growing use of tannin in applications such as healthcare, and wood adhesives would further supplement the market growth. New emerging markets, and emerging consumer demographics would provide growth opportunities for tannin market in the coming years.

Europe accounted for the majority of the market share in 2017. The highly established wine industry majorly drives the market growth in the region. The increasing demand from the leather and automotive segment further augments the adoption of tannin. Leather is used in the automotive segment to design luxurious interiors for cars. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing population, rising disposable incomes, and improving lifestyles in developing countries of this region. A significant increase in the demand for luxury leather goods, and food manufacturing industry has been registered in the region, thereby boosting the tannin market. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

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Tannin is used in various applications such as leather tanning, wine production, and wood adhesives among others. The leather tanning segment is expected to lead the market during the forecast period owing to increasing demand of leather from textiles and automotive industries. Leather tanning involves treating of animal skins and hides for the production of leather. Rising disposable income, high standards of living, and growing demand for leather goods drive the growth of the Tannin Market.

The well-known companies profiled in Tannin Market report include Forestal Mimosa Ltd., Tannin Corporation, Laffort SA, Tanac S.A., Tanin Sevnica d.d., Zhushan County Tianxin Medical & Chemical Co., Ltd., S.A. Ajinomoto OmniChem N.V., Polson Ltd., W. Ulrich GmbH, and Ever s.r.l. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Table of Content of Tannin Market:

Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Tannin Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!

About Us:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact Us:
Mr. Neel
Corporate Sales, USA
Polaris Market Research and Consulting
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

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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
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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