Market Trends of Tannin Industry
This section covers the major market trends shaping the Tannin Market according to our research experts:
Rising Demand For Plant-based Tannin Extracts
As plant-based tannin, which includes fruits and vegetable origin tannin extracts (such as cranberries, blueberries, strawberries, hazelnuts, pecans, walnuts, grapes, and oranges) dominates the segmentation market owing to the functional properties that protect them from predation and also helps for their growth regulation. 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 also easy, thus accelerating the growth of the market. Condensed tannins are the most abundant organic compounds, which are found in almost all families of plants.
Asia Pacific To Drive The Global Tannin Market
With the increase of the infrastructure development in Asia-Pacific, particularly India, Indonesia, and China, the manufacturing process of wood adhesives involves the addition of tannin as an essential feedstock. The increasing consumer spending on building refurbishment, renovation and construction of new homes and office spaces is resulting in an increased demand for wood tannins adhesives.
