Tannic Acid Market by Product (Technical Grade Tannic Acid, Pharmaceutical Grade Tannic Acid, Food Grade Tannic Acid), by Application (Chemical Intermediates, Food & Beverages, Industrial Auxiliaries, Oil & Gas, Pharmaceuticals, Textile & Leather) and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity 2019-2024

Tannic acid is a specific form of tannin that formally contains 10 galloyl (3,4,5-trihydroxyphenyl) units surrounding a glucose center. Tannic acid is used in chemicals, tanning, textile mordants and fixatives, and electroplating. It has also been used in pharmaceuticals, and oil & gas industry. The analysts forecast the global tannic acid market to exhibit a CAGR of 4.4% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global tannic acid for 2019-2024. To calculate the market size, the report considers the tannic acid sales volume and revenue.

The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product, and application.

Geographically, the global tannic acid market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2024.

- North America (U.S., Canada, Mexico, etc.)

- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)

- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)

- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)

- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)

On the basis of product, the global tannic acid market is segmented into:

- Technical Grade Tannic Acid

- Pharmaceutical Grade Tannic Acid

- Food Grade Tannic Acid

Based on application, the tannic acid market is segmented into:

- Chemical Intermediates

- Food & Beverages

- Industrial Auxiliaries

- Oil & Gas

- Pharmaceuticals

- Textile & Leather

The report also includes a discussion of the key vendors operating in this market. Some of the leading players in the global tannic acid market are:

- Baojing Keling Biotechnology Co., Ltd.

- Guiyang Gallochem Co., Ltd.

- Hubei Tianxin Biotech Co., Ltd.

- Jiurui Biology & Chemistry Co., Ltd .

- Leshan Sanjiang Bio-tech Co., Ltd.

- Nanjing Longyuan Natural Polyphenol Synthesis Factory

- Silvateam S.p.A.

- Wufeng Chicheng Biotech Co., Ltd.

- Zunyi Beiyuan Chemical Co., Ltd.

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Objective of the study:

- To analyze and forecast the market size of global tannic acid market.

- To classify and forecast global tannic acid market based on region, product, and application.

- To identify drivers and challenges for global tannic acid market.

- To examine competitive developments such as expansions, mergers & acquisitions, etc., in global tannic acid market.

- To conduct pricing analysis for global tannic acid market.

- To identify and analyze the profile of leading players operating in global tannic acid market.

The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:

- Manufacturers of tannic acid

- Raw material suppliers

- Market research and consulting firms

- Government bodies such as regulating authorities and policy makers

- Organizations, forums and alliances related to tannic acid

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with tannic acid suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.