Tannin Market: Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2017 – 2026

According to the new market research "Tannin Market [By Product Type (Hydrolysable, Non Hydrolysable, Phlorotannins); By Application (Leather Tanning, Wood Adhesives, Wine Production, Others); By Region]: Market Size & Forecast, 2017 – 2026", The Tannin market is expected to reach USD 3,755 million by 2026 from USD 2,040 million in 2017, at a CAGR of 7.1%.

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. In 2017, Europe accounted for the majority share in the global tannin market.

Don’t miss out on business opportunities in Tannin Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.polarismarketresearch.com/industry-analysis/tannin-market/speak-to-analyst

Top Key Player:-

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

Ever s.r.l.

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.

PDF Brochure For Future Advancements @ https://www.polarismarketresearch.com/industry-analysis/tannin-market/request-for-free-sample

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.

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 market.

About Polaris Market Research

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

Phone: 1-646-568-9980

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.