The global tanninmarket is expected to reach USD 3.39 billion by 2025,
according to a new report by Grand View Research, Inc. Globally increasing
demand from the leather industry has been a major factor driving market growth.
The utilization of tannin extracts in pharmaceuticals has increased owing to
the growing consciousness regarding the medical advantages of tannin-based
products.
Tannins are extensively utilized for the
production of wine owing to their high anti-oxidation properties. These are
used to provide color stabilization of wine and also to provide structural
stability. All these factors are expected to benefit the demand for wine
applications over the forecast period.
Tannins have mucosal tissues and coagulate
proteins, which is useful for soothing skin irritation and pain. Medical tannin
based products are utilized for soothing scars on the skin, wounds, sore mouth,
minor hemorrhages, burns, and bronchitis.
Tannin extracts are used in all three
stages of leather manufacturing including, preparation stage, tanning, and
crusting. Owing to this scenario, leather tanning was the largest application
category in 2015 and is expected to maintain its dominance over the next nine
years. The leather tanning segment had a market share of 62% in 2015.
Hydrolysable tannin is expected to be the
fastest growing segment in the product category over the forecast period with
an estimated CAGR of 7.0% from 2016 to 2025. Hydrolysable tannins are often
utilized in the manufacturing of pharmaceuticals owing to their antibacterial
benefits. Recent studies have suggested that these tannins have beneficial
effects against cancer.
Full research report on tannin market analysis:
http://www.grandviewresearch.com/industry-analysis/tannin-market
http://www.grandviewresearch.com/industry-analysis/tannin-market
Further key findings from the report suggest:
·
The global tannin demand was 1,076.3
kilotons in 2015 and is expected to grow at a CAGR of 5.8% from 2016 to 2025
·
Plants emerged as the largest source
segment in 2015 and is estimated to generate revenue over USD 3.22 billion by
2025
·
Global tannin demand in wine making was USD
0.23 billion in 2015 and is anticipated to witness steady growth over the next
nine years
·
The U.S. non-hydrolysable tannin market in
product category was 242.9 kilotons in 2015 and is estimated to reach a total
volume of 424.8 kilotons by 2025
·
The industry in Asia Pacific is projected
to witness substantial growth over the forecast period owing to various
developments across major economies, especially in the leather manufacturing
and wooden products market. The regional market is expected to grow at a CAGR
of 6.8% from 2016 to 2025.
·
Key players of the industry include, Tannin
Corporation, S.A. Ajinomoto OmniChem, W. Ulrich GmbH, and Laffort S.A. These
major players are often indulged in joint ventures, mergers & acquisitions,
in order to gain market, share and expand their product portfolio
View
more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the global tannin market on the basis
of source, product, application, and region:
Source Outlook (Volume, Kilotons; Revenue,
USD Million, 2014 - 2025)
·
Plants
·
Brown Algae
Product Outlook (Volume, Kilotons; Revenue,
USD Million, 2014 - 2025)
·
Hydrolysable
·
Non-hydrolysable
·
Phlorotannins
Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
Leather Tanning
·
Wine Production
·
Wood Adhesives
·
Anti-corrosive Primers
·
Others
Regional Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East & Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-tannin-market
https://www.grandviewresearch.com/press-release/global-tannin-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
