Synthetic Tannin Market size was over USD 3 Billion in 2023 and is likely to cross USD 6 Billion by the end of 2036, growing at more than 7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of synthetic tannin is evaluated at USD 3.45 Billion.
The increased demand for chemicals globally may augment the need for synthetic tannin accordingly in several end-use industries. One of the biggest industries in the world, the chemicals sector saw significant expansion in several areas as it plays a significant role in the expansion of the world economy, trade, and employment.
According to the International Energy Agency, demand for high-value chemicals has increased over the last ten years by 3.0% per year.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
7% |
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Base Year Market Size (2023) |
USD 3 Billion |
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Forecast Year Market Size (2036) |
USD 6 Billion |
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Regional Scope |
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Type (Hydrolysable, Condensed)
Hydrolysable segment is anticipated to dominate synthetic tannin Market share of over 65% by 2036, owing to the growing agriculture industry. One type of tannin known as hydrolysable tannin, or pyrogallol-type tannin, is made up of molecules, usually glucose, whose hydroxyl groups are partly or completely esterified by phenolic acids such as gallic or ellagic acid.
As per the Food and Agriculture Organization of the United Nations, global primary crop production increased by 54% between 2000 and 2021, reaching 9.5 billion metric tons in 2021.
They serve as chemical barriers against insects, microorganisms, and herbivorous vertebrates, affect the dynamics of soil nutrients, and have antioxidant, anticancer, and cardioprotective properties that improve the nutritional value of plant-based diets. Moreover, gallic and ellagic tannins are other classifications for hydrolyzable tannins, which have been employed as feed additives owing to their biological characteristics as antimicrobials.
In addition, proanthocyanidins, another name for condensed tannins, are useful additives that are applied to acrylic-based transparent coatings to prolong the life of the polymer coating and are ubiquitous polyphenols that serve a variety of ecological roles, including protecting plants from microbial infections and herbivores.
End-Use (Textile, Food & Beverages, Sealants & Adhesives, Leather, Pulp & Paper, Pharmaceuticals)
The leather segment is likely to garner a notable revenue share. The growing footwear industry is the primary driver of the segment's growth. Globally, the footwear market is expected to expand by over 3% between 2024 and 2028. The synthetic tanning procedure is typically used in conjunction with either chrome tanning or another tanning process, in chrome leather manufacture to ensure retaining since they give the leather the essential "fullness."
All shoe manufacturing firms employ this synthetic tannin since it has the biggest profit margin and demand. In addition, synthetic tannin are employed as dispersing agents for vegetable tannins and dyestuffs and can impart these peculiar qualities to tanned leather, making it so distinctive and easy to identify.
Our in-depth analysis of the synthetic tannin Market includes the following segments:
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Type |
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Form |
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End-Use |
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European Market Forecast
Europe region in synthetic tannin Market is anticipated to dominate revenue share of over 35% by 2036 impelled by the burgeoning textile industry. Over the past ten years, the sector has seen sustained expansion in terms of output value and trade exchange and has significantly contributed to European income. The demand for luxury footwear and high-quality European textiles is rising, which may create a huge demand for synthetic tannin in the coming years.
Furthermore, the EU tanning sector is the biggest global provider of leather to the global market, which catalyzes the downstream value-generating process.
In Europe, Germany is third in terms of leather production and is the third-biggest leather bag import market. Besides this, Germany is the fourth-largest exporter of leather footwear in the world, having exported around USD 3 billion worth of leather footwear.
For instance, with more than 1 billion square feet of leather produced annually, Italy is without a doubt the top producer of leather in Europe.
North American Market Statistics
The North American synthetic tannin Market is estimated to be the second largest, during the forecast timeframe, led by growing personal disposable income. As a result, more and more individuals in the region are spending on construction projects, which have increased the demand for sealants and adhesives, leading to a significant rise in the demand for synthetic tannin owing to their exceptional moisture resistance and superior adhesive performance.
The strict environmental laws and the food and beverage industry's consistent need for packaging products are expected to continue to be major factors in the adhesives and sealants market's expansion in the United States.
One of the main drivers of the Canadian economy is the leather products sector, where a range of intricate tanning and finishing techniques are used to transform raw hides and skins into premium leather of all kinds.
The synthetic tannin Market consists of several key players. These key players are launching various strategic initiatives to expand their market position in the synthetic tannin industry.
Author Credits: Rajrani Baghel
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