Asia Pacific Tannin market Overview:
The Asia Pacific Tannin market was estimated at USD xx million in 2019 and is expected to reach over USD xx million by the end of the assessment period, experiencing moderate growth to record a CAGR of xx% throughout the forecast period (2021 -2026). Tannin is a natural water soluble polyphenolic compound found in many plants. It is found in different plant organs such as bark, fruits, seeds, leaves, stem, and roots. Tannin is abundant in the bark of an oak and in the berries. Other foods rich in tannin include nuts, herbs and spices, and legumes. It is also plentiful in chocolates and black tea and a natural astringent. It is extracted with water or alcoholic solvents. Also called tannic acid, it is in the form of a pale yellow to light brown amorphous compound. The molecular weight of tannin ranges from 500 to 3,000 Da. They can bind to proteins and various other polymers.
In May 2018, Rehap collaborated with the Bio Base Europe (BBEPP) pilot plant in Belgium to develop and expand the extraction of hot water from tannin.
Market Drivers and Restraints:
As the market includes extracts of plant-based tannins and fruits (such as blueberries, cranberries, strawberries, hazelnuts, walnuts, walnuts, grapes, and oranges), it dominates the global business due to the functional properties that protect them from depredation and also helps in its growth regulation. Growing demand for leather and wine is expected to stimulate the APAC tannin market during the forecast period. The demand for tannin is increasing in leather processing due to the increasing demand for leather handbags, shoes and other products. Tannin is used to clarify the production of wine and beer. In addition, tannin is naturally present in the skin, seeds and stem of the grapes from which the wine is made, an astringent biomolecule. It is found in various parts of plants, such as the bark, seeds, stem tissue, roots, and leaves. Plants have an abundant gratified of tannins, which guards them from predation and also contributes to their growth directive. Fruits rich in tannins include blueberries, blueberries, strawberries, hazelnuts, walnuts, walnuts, grapes, and oranges. The increased demand for leather in the automotive industry should stimulate the Asia Pacific tannin market in the coming years. The demand for tannin is increasing in the medical sector due to its astringent and other healthy properties. Furthermore, its wide use in the manufacture of adhesives for leather and wood fuels the tannin market. Tannin-containing plants include acacia, clover, sainfoin, quebracho, mangrove, eucalyptus, and canola. These plants are readily available, and the processes for making tannins from these plants are also easy, thus accelerating market growth. Condensed tannins are often found organic compounds in almost all plant families.
The Asia Pacific tannin market can be segmented by source, type, and application.
In terms of source, the APAC tannin market can be forked as vegetable algae and brown algae.
Depending on the type, the regional market can be divided into hydrolyzable and non-hydrolyzable. Non-hydrolyzable tannin is also called condensed tannin. The hydrolyzable segment can be subdivided into elagitanine and gallotanin. These subsegments differ in their chemical composition and structure.
In terms of application, the Asia Pacific tannin market can be separated into medicine, leather processing, wine production, wood adhesives and others. In leather treatment, collagen in animal skin and tannin crosslink are used to form the leather. The other segments include ink and dyes, water purification, and gallic acid. Tannin is used in the production of inks owing to its ability to form dark blue or green solutions with iron salts.
The market for the Asia Pacific Tannin has been categorized on the basis of geography to offer a proper insight about the local market. The Asia Pacific Tannin market has been mainly divided into the areas of China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. With the increasing development of infrastructure in Asia-Pacific, especially in nations like India, Indonesia and China, the process of manufacturing wood adhesives involves adding tannin as an essential raw material. Increased consumer spending on building renovations, renovation and construction of new homes and offices translates into increased demand for tannin adhesives. China, India and Japan are foreseen to account for the bulk due to higher manufacturing costs, living standards, rising external demand and domestic demand driven by rising demographic demand. The exponential growth in automotive industry is also impacting the sales of this local market positively.
Tannin Corporation had the largest share of the Asia Pacific Tannin Market in terms of sales revenue in 2019.
This industry is highly competitive and fairly concentrated. The main players in the APAC tannin market are Tannin Corporation, Forestal Mimosa Ltd, S.A. Ajinomoto OmniChem W. Ulrich GmbH, Tanac S.A, Ever s.r.l., Silvateam SpA, Polson Ltd, and Laffort S.A.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Tannin Market, By Source
6.1.2 Brown Algae
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Tannin Market, By Application
6.2.1 Leather Tanning
6.2.2 Wine Production
6.2.3 Wood Adhesives
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Tannin Market, By Product
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 Asia Pacific
7.2.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.2.2 By Source
7.2.3 By Application
7.2.4 By Product
8. Key Player Analysis
8.1 Tannin Corporation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 S.A. Ajinomoto OmniChem W. Ulrich GmbH
8.3 Forestal Mimosa Ltd
8.4 Tanac S.A
8.5 Ever s.r.l.
8.6 Silvateam SpA
8.7 Polson Ltd
8.8 Laffort S.A
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures