PUBLISHER: Lucintel | PRODUCT CODE: 1455978
PUBLISHER: Lucintel | PRODUCT CODE: 1455978
Tannin Trends and Forecast
The future of the global tannin market looks promising with opportunities in the leather training, wine production, wood adhesive, and anti-corrosive primer markets. The global tannin market is expected to grow with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are rising consumer preference for leather-based products and increasing demand for plant-based tannin.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Tannin by Segment
The study includes a forecast for the global tannin by source, product type, application, and region.
List of Tannin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies tannin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the tannin companies profiled in this report include-
Tannin Market Insights
Lucintel forecasts that plant will remain the larger segment over the forecast period as its simple to obtain, and producing tannins from these plants is a simple process.
Within this market, leather training will remain the largest segment due to increase in the demand for tannin to preserve and enhance leather's functional and aesthetic qualities.
Europe will remain the largest region over the forecast period due to existence of well-established wine industry and availability of major leather producers in the region.
Features of the Global Tannin Market
Market Size Estimates: Tannin market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Tannin market size by source, product type, application, and region in terms of value ($B).
Regional Analysis: Tannin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different sources, product types, applications, and regions for the tannin market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the tannin market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the tannin market size?
Answer: The global tannin market is expected to reach an estimated $3.2 billion by 2030.
Q2. What is the growth forecast for tannin market?
Answer: The global tannin market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the tannin market?
Answer: The major drivers for this market are rising consumer preference for leather-based products and increasing demand for plant-based tannin.
Q4. What are the major segments for tannin market?
Answer: The future of the tannin market looks promising with opportunities in the leather training, wine production, wood adhesive, and anti-corrosive primer markets.
Q5. Who are the key tannin market companies?
Answer: Some of the key tannin companies are as follows:
Q6. Which tannin market segment will be the largest in future?
Answer: Lucintel forecasts that plant will remain the larger segment over the forecast period as its simple to obtain, and producing tannins from these plants is a simple process.
Q7. In tannin market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to existence of well-established wine industry and availability of major leather producers in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.