TANNIN MARKET ANALYSIS

Market Challenges And Opportunities

The global tannin market is expected to grow significantly during the forecast period. The increasing demand from the various end-use industries such as leather, wine, and wood adhesives is the major driving factor for the growth of tannins market. The anti-oxidation and decomposition properties of tannins are a major factor for the demand of tannins in the leather manufacturing and wine fermenting industries. The increasing consumption of alcohol is expected to boost the growth of tannin market. Moreover, the demand for tannin in the manufacturing of wood adhesives and medicines is expected to drive the growth of tannin market positively over the forecast period.

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.