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This Tannin Market report is an exhaustive research on company’s active in Tannin Market sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years.
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Tannin Market size is anticipated to see significant growth prospects from 2017 to 2024
Global Market Scenario of Tannin Industry • Tannin Market size is mainly driven by wine making and leather manufacturing industries It is extracted from bark of hemlock, chestnuts, mangrove and oak tree. The cranberries, strawberries, walnut, grapes and oranges are also rich source. • Increasing foot-ware, purses and bags demand owing to rise in economic standards may have positive influence on tannin market size in leather industry. Global leather industry may witness gains at over 5% by 2024. Growing leather upholsteries demand in automobile sector due to consumer inclination towards better vehicle aesthetics may act as another contributing factor towards product demand. • Growing wood adhesives demand due to compatibility with wide range of substrates along with low production cost and faster curing time is likely to drive industry growth.
Continue… • Tannin also finds application in wine production owing to anti-oxidant property. It provides colour stabilization in wine a smooth texture to wine. It helps in wine fermentation and proper aging. Global wine industry may witness steady growth at over 3%. • Reasons to Buy This Report: • 1. Tannin Market size & share forecast by product & application, 2017-2024 • 2. Growth drivers, pitfalls & industry challenges • 3. Key Printed Cartons Market growth opportunities & emerging business models • 4. Competitive benchmarking with market share analysis and company profiles • Plant containing tannin include eucalyptus, sainfoin, mangroves, and canaigre which are easily processed and procured. Brown algae are usually found in waterbodies including near shore waters, rock pools, and tidal splash zone. It is difficult to procure, handle and costly. • North America led by Canada and the U.S. tannin market size may witness an uptrend owing to increase in leather products demand and wine consumption. has indicated growing trend in consumption of alcohol & usage of leather products. Increase in construction spending along with building refurbishment and renovation may drive wood adhesives market in the region.
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