0
2021
Tannin Market

Tannin Market

by Source (Plants and Brown Algae), Product (Hydrolysable, Non-Hydrolysable, and Phlorotannin) and Application (Leather Tanning, Wine Production, Wood Adhesives, Anticorrosive Primers, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A08966
Pages: 350
Oct 2021 | 3784 Views
Author(s) : Anil C , Eswara P
Tables: 213
Charts: 79
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Tannin Market

Request Now !

Tannin Market Outlook - 2021-2030

The global tannin market size 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.

COVID-19 pandemic outbreak across the globe has halted the production of leather goods and wine, and wood adhesive across the globe amid government imposed lock down measures owing to which the demand for tannin has been declined globally.

Tannin is a complex chemical substance derived from phenolic acids (also known as tannic acid). Tannins are classified as phenolic compounds, which are found in many species of plants. Commercial tannins are pale yellow to light brown amorphous substances in the form of powder, flakes, or a spongy mass. They are used chiefly in tanning leather, dyeing fabric, and making ink, and in various medical applications.

Tannin-Market-2021-2030

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. 

However, carcinogenic effects of tannins are expected to hamper the tannin market growth during the forecast period. On the contrary, rise in number of start-ups offering innovative products and technologies are expected to provide lucrative growth opportunities for the 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.

The major key players operating in the global tannin industry include Tannin Corporation, S.A. Ajinomoto Omnichem N.V., Polson Pty. Ltd., Forestal Mimosa Ltd., Ever S.R.L., and UCL Company (Pty) Ltd., Laffort SA, Zhushan County Tianxin Medical & Chemical Co., Ltd., W. Ulrich GmbH, and Tanin Sevnica D.D.

Global Tannin Market, By Region

Europe accounted for a major share in tannin market in 2020. European countries have been extensively manufacturing wines from ages, as drinks have been a regular part of the traditional meals across the region. Moreover, innovation in terms of flavor, color, and packaging customizations has led to increased sales of wines. Therefore, owing to high demand, considerable land areas were converted into vineyards, especially in the countries of Spain, Italy, France, and Turkey, as their local wines gained popularity across the globe. Manufacturers, thus, procure grapes in bulk from these vineyards to produce wine at lower prices. Tannins are widely used in wineries across Europe to protect wine from oxidation during barrel aging. Rapid development of the wine industry across the region is likely to drive the demand for tannins, thereby augmenting the growth of tannin market across the region.

Tannin Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

North America would exhibit an CAGR of 6.3% during 2021-2030

Get more information on this report : Request Sample Pages

Global Tannin Market, By Source

The plants segment accounted for a major share in the tannin market in 2020. Plants containing tannin include wattle, trefoil, sainfoin, quebracho, mangroves, eucalyptus, and canaigre. These plants are easy to procure, and the processes of manufacturing tannins from these plants are easy. These factors are anticipated to accelerate the growth of the segment during the forecast period.

Tannin Market
By Source

Your browser does not support the canvas element.

Plants is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Global Tannin Market, By Product

The hydrolysable segment accounted for a major tannin market share in 2020. Hydrolysable tannins when heated form gallic acids. These products have beneficial antibacterial effects, and thus are used in the manufacturing of pharmaceuticals. In addition, recent studies have suggested that hydrolysable are effective against cancer. Thus, rise in number of cancer patients across the globe is likely to drive the demand for hydrolysable tannins in coming years, which eventually will foster the growth of the tannin market.

Tannin Market
By Product

Your browser does not support the canvas element.

Hydrolysable is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Global Tannin Market, By Application

The leather tanning segment was the major share contributor in 2020. This is attributed to the fact that leather tanning involves treating the skin and hides of skin to produce leather. The process produces soft, durable, and flexible material. Leather is one of the mostly traded materials in the world. The consumption of luxury leather products has increased globally with increasing population and changing lifestyle trends, thus driving the demand for tannin across the globe. In addition, leather tanned products are widely used in various end-user industries, such as footwear and packing industries. More than 65.0% of the world’s demand for leather is being met by developing economies. Surge in need to maintain and improve the aesthetic and functional aspects of leather is further anticipated to drive the demand for tannin across the world.

Tannin Market
By Application

Your browser does not support the canvas element.

Leather Tanning is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

COVID-19 impact analysis

  • According to the International Monetary Fund (IMF), owing to the outbreak of novel coronavirus (COVID-19), the global economy shrunk by 3.0% in 2020. Many countries are under stringent lockdown, which have forced several sectors to shut down their operations. This has halted manufacturing activities and reduced the demand and production of tannin.
  • The COVID-19 pandemic has had a negative impact on the overall leather industry, including the footwear, apparel, and accessories. Retailers faced severe losses during the first two quarters of 2020. According to a report by the World Footwear, the sales of footwear declined by close to 32.0% in the U.S. at the end of the first two quarters of 2020. Low demand for footwear, in general, is subsequently expected to decrease the sales of leather shoes.  Many manufacturers in the market have historically relied on China for finished products as well as raw materials used in the manufacturing of various leather goods. The pandemic has, however, disrupted the supply chain, causing severe losses in terms of product shipment and on-time delivery. Due to this, the demand for tannin from leather manufacturers and tanners has declined significantly in 2020, and is likely to be to affected in 2021. However, the demand for tannin from leather industry is anticipated to recover in the first half of 2022, as various leather goods manufacturing players are about to restart their manufacturing activities.
  • The COVID-19 pandemic has disrupted the global wine distribution channel due to the extensive closure of and restrictions on hotels and restaurants across the world. The sudden outbreak of pandemic has affected around 77.0% of hotels, with turnover falling by 60.0% across the sector, while restaurants witnessed decline by 91.0% by the end of 2020 across the globe. Owing to decline in sales of wine across the globe, the production of wine has reduced, which, in turn, affected the consumption of tannin from wineries, thereby negatively impacting the growth of the market. 
  • Tannin is widely used in production of wood adhesive. Attributed to the outbreak of COVID-19 pandemic, the construction of various residential, commercial, and industrial projects has been halted amid lockdown. As a result, the demand for wood adhesives to be used in glue laminated beams, windows, and doors has been declined. In addition, amid lockdown, various wood adhesive manufacturing plants have shut down their production activities, which resulted in decline in demand for tannin.

Key benefits for stakeholders

  • The global tannin market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides in-depth analysis of the global tannin market forecast for the period 2021–2030.
  • The report outlines the current global tannin market trends and future scenario of the global tannin market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets. 
  • Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global tannin market study.

Tannin Market Report Highlights

Aspects Details
BY SOURCE
  • Plants
  • Brown algae
BY PRODUCT
  • Hydrolysable
  • Non-hydrolysable
  • Phlorotannin
BY APPLICATION
  • Leather tanning
  • Wine production
  • Wood adhesives
  • Anti-corrosive primers
  • Others
BY REGION
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players 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.
 

Loading Table Of Content...


 
 

According to the analyst, the global tannin market is anticipated to witness growth during the forecast period, driven by surge in demand from leather tannery, wine, paints & coatings, and adhesive manufacturing industries. Tannins are insoluble proteins and do not decompose. Owing to this property, they are utilized for the manufacturing of leather. In leather tanning processes, the skins of animals are treated. The demand for leather is increasing, owing to its varied applications in furniture, automotive seats, and clothing. In addition, rise in disposable income of people and surge in demand for leather products are expected to fuel the growth of the industry. Tannins have high anti-oxidation properties, which are required for the production of wines. It provides color stabilization in wines and gives it the desired structure. These extracts help the wines to age better, ferment properly, and gain a distinct aroma. Increase in alcohol production and its simultaneous consumption are factors anticipated to fuel the market growth during the forecast period. Moreover, rise in demand for manufacturing of wooden products has propelled the sale of wood adhesives. They are utilized in the manufacturing of wood adhesives. Non-hydrolysable tannins are preferred for this purpose. Wood adhesives are utilized for various applications, including furniture, construction, and musical instruments. Tannin is extensively utilized in the manufacturing of anti-corrosive primers, which withstand harsh weather conditions. Primers manufactured with tannins as additives help to smoothen rusted steel surfaces. These factors combined are expected to positively drive the growth of the industry.

However, carcinogenic effects of tannin are expected to hamper the growth of the tannin market during the forecast period. Conversely, rise in number of start-ups offering innovative products and technologies is expected to provide growth opportunities for the tannin market during the forecast period.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. High anti-oxidation properties of tannin, Increasing demand from the leather industry, and rise in number of startups offering innovative products and technologies are the driving factors and opportunities in the tannin market.

A. Business expansion, and joint venture are the key growth strategies of tannin market players.

A. North America region will provide more business opportunities for tannin in future.

A. Tannin Corporation, S.A. Ajinomoto Omnichem N.V., Polson Pty. Ltd., Forestal Mimosa Ltd., Ever S.R.L., and UCL Company (Pty) Ltd., Laffort SA, Zhushan County Tianxin Medical & Chemical Co., Ltd., W. Ulrich GmbH, and Tanin Sevnica D.D. are the leading global players in the tannin market.

A. Leather tanning segment holds the maximum share of the tannin market.

A. Leather, wine, paints & coatings, and adhesive manufacturing companies across the globe are the potential customers of tannin industry.

A. 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.

A. The global tannin market analysis covers in-depth information of major industry participants, Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building, major countries have been mapped according to their individual revenue contribution to the regional market, the report provides in-depth analysis of the global tannin market forecast for the period 2021–2030, the report outlines the current global tannin market trends and future scenario of the global tannin market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets, and key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global tannin market study.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Tannin Market

Start reading instantly.
This Report and over 19,272+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Oct 2022 - Oct 2023)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Oct 2022 - Oct 2023)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Oct 2022 - Oct 2023)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Oct 2022 - Oct 2023)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Oct 2022 - Oct 2023)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers