Global Tannin Market Overview and Regional Outlook Study 2023 - 2032

The global tannin market size was valued at $2.3 billion in 2023, and is projected to reach $4.0 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

Tannin is a sophisticated chemical compound made from phenolic acids (also known as tannic acid). Tannins are phenolic chemicals, which are present in a wide variety of plant species. Commercial tannins can be found as a powder, flakes, or spongy bulk and range in colour from pale yellow to light brown. They are mostly utilised in the tanning of leather, fabric dyeing, ink production, and numerous medical applications.

The expansion of the tannin market is anticipated to be hampered during the forecast period by tannins' carcinogenic properties. The tannin market, on the other hand, is anticipated to benefit from lucrative growth prospects due to the rise in the number of start-ups offering cutting-edge goods and technologies throughout the projection period.

The size of the global tannin market is divided into sources, products, applications, and geographic regions. The market is divided into plants and brown algae according to the source. It is divided into hydrolysable, non-hydrolysable, and phlorotannin categories based on the product. It is broken down by application into wood adhesives, anticorrosive primers, leather tanning, wine making, and other uses. It is researched in North America, Europe, Asia-Pacific, and LAMEA, among other regions.

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The increase in demand from the leather tannery, wine, paints & coatings, and adhesive manufacturing industries is the main factor fueling the growth of the worldwide tannin market. Moreover, a growth in alcohol consumption brought on by higher disposable income and rising consumer living standards around the world is anticipated to drive up tannin demand. The primary drivers of the worldwide tannin market include also the rise in demand for luxury items, including clothing, shoes, and automobiles with plush leather interiors, as well as the increased usage of tannins in industries like wood adhesives and healthcare.

Tannin market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Tannin market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Tannin manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Tannin market covering all its essential aspects.

Global Tannin Market: Segmentations

Global Tannin Market: Major Players
Ever s.r.l
Zhushan County Tianxin Medical & Chemical
W. Ulrich GmbH
Tanac S.A
Tannin Corporation
S.A.Ajinomoto OmniChem N.V.
Laffort S.A.
UCL Company (Pty) Ltd
UNITAN
Polson Ltd
Forestal Mimosa Ltd

Global Tannin Market: By Types
Phlorotannins
Hydrolysable
Non-hydrolysable

Global Tannin Market: By Applications
Anti-corrosive Primers
Leather tanning
Wine production
Wood adhesives
Others

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Global Tannin Market: Regional Analysis
The countries covered in the regional analysis of the Global Tannin market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Tannin market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Tannin would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Tannin Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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