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Tannin Market

The growth of the global tannin market is primarily driven by surge in demand from leather tannery, wine, paints & coatings, and adhesive manufacturing industry. In addition, rise in alcohol consumption due to increase in disposable income and improvement in living standards of consumers across the globe are expected to surge the demand for tannin.

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Tannin Market

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  1. Download Report Sample

  2. According to a new report published by Allied Market Research, titled, “Global Tannin Market: Opportunity Analysis and Industry Forecast, 2021–2030,” the global tannin market was valued at $2.3 billion in 2020, and is projected to reach $4.0 billion by 2030, growing at a CAGR of 5.7% from 2021 to 2030. Tannin refers to astringent biomolecule extracted from plants and fruits. It is found in various parts of plants, including barks, stem tissues, roots, seeds, and leaves. Moreover, plants have a large amount of tannin, which protects them from predators and helps with their growth regulation. The growth of the global tannin market is primarily driven by surge in demand from leather tannery, wine, paints & coatings, and adhesive manufacturing industry. In addition, rise in alcohol consumption due to increase in disposable income and improvement in living standards of consumers across the globe are expected to surge the demand for tannin. Moreover, increase in demand for luxury goods, automobiles with luxurious leather interiors, clothes, and shoes as well as rise in use of tannins in applications such as healthcare and wood adhesives serve as the foremost drivers of the global tannin market. • Tannin Market Download Report Sample

  3. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/9331 • Frontrunners in the industry- • TANNIN CORPORATION • S.A. AJINOMOTO OMNICHEM N.V • .POLSON PTY. LTD. • FORESTAL MIMOSA LTD. • EVER S.R.L • .UCL COMPANY (PTY) LTD. • Laffort SA • .ZHUSHAN COUNTY TIANXIN MEDICAL & CHEMICAL CO., LTD. • W. ULRICH GMBH • TANIN SEVNICA D.D. • Tannin Market Download Report Sample

  4. Tannin Market The global tannin market is expected to witness significant growth in the coming years, owing to rise in demand for leather goods and wine. Furthermore, the need for tannin is increasing in leather processing, due to increase in demand for leather bags and footwear. Tannin is used for clarification in wine and beer production. Furthermore, tannin is naturally present in skin, seed, and stem of grapes, from which wine is prepared. Increase in demand for leather in the automotive industry is expected to boost the growth of the tannin market in the next few years. Demand for tannin is rising in the medical sector, owing to its astringent and other healthy properties. Thus, all these factors are anticipated to drive the growth of tannin market during the forecast period. The global tannin market size is segmented into source, product, application, and region. By source, the market is categorized into plants and brown algae. On the basis of product, it is fragmented into hydrolysable, non-hydrolysable, and phlorotannin. By application, it is divided into leather tanning, wine production, wood adhesives, anticorrosive primers, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA. Download Report Sample

  5. Purchase this Report (Price 6,169 USD for single user license): https://www.alliedmarketresearch.com/checkout-final/7a2bfe739bc42745cc1e428bdff181f2 • Key findings of the study • In 2020, Europe dominated the global tannin market with around 39.0% share, in terms of revenue, and is projected to grow at the highest CAGR of 4.5% in terms of value. • The North America is projected to grow at the highest CAGR of 6.3% in terms of revenue. • The plants segment dominated the global tannin market with around 52.7% of the share in terms of revenue, and is estimated to register the highest CAGR of 6.2%. • The hydrolysable segment dominated the global tannin market with around 43.6% of the share in terms of revenue. • The phlorotannin segment is projected to grow at the highest CAGR of 6.3% in terms of revenue. • The leather tanning segment dominated the global tannin market with 61.7% of the share in terms of revenue. • The wood adhesive segment is projected to grow at the highest CAGR of 6.6% in terms of revenue. • Tannin Market Download Report Sample

  6. Covid-19 scenario- • The outbreak of Covid-19 led to the enforcement of lockdown in almost all the countries across the world. It caused significant hardship to several industrial verticals along with the Tannin Market. There were huge disruptions in the supply chain as well. • Nevertheless, the government bodies are now coming up with relaxations on the existing regulations to help different sectors get back on their feet yet again. • Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/9331 • Tannin Market Download Report Sample

  7. About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Tannin Market Download Report Sample

  8. Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research Tannin Market Download Report Sample

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