Canada Tannin Market to 2032
Overview
The Canada Tannin Market is expected to reach a 55.73 USD Million by 2032 and is projected to grow at a CAGR of 5.51% from 2025 to 2032.
Revenue, 2024 (USD Million)
36.97
Forecast, 2032 (USD Million)
55.73
CAGR, 2024 - 2032
5.51%
Report Coverage
Canada
Canada Tannin Market 2018-2032 USD Million
Canada Tannin Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 36.97 USD Million
- Projected Market Size (2032): 55.73 USD Million
- CAGR (2025-2032): 5.51%
Key Findings of Canada Tannin Market
- The Canada Tannin Market was valued at 36.97 USD Million in 2024.
- The Canada Tannin Market is likely to grow at a CAGR of 5.51% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Natural Tannin Extract in Source Segment accounted for the largest share of the market with a revenue of 30.61 USD Million
- The fastest growing segment Binding Agent in Function Segment grew Fastest with a CAGR of 6.65% during the forecast period from 2024 to 2032.
Canada Tannin Market Scope
Canada Tannin Market Segmentation & Scope
Type
- Complex Tannins
- Ellagitannins (ETS)
- Gallotannins (GTS)
- Proanthocyanidins (PAS) Or Condensed Tannins (CTS)
Product Type
- Phlorotannin
- Lignosulphonates / Sulfonated Lignin
- Hydrolysable (Pyrogallol-Type Tannin)
- Non-Hydrolysable (Condensed)
Technology/Innovation
- Green Chemistry in Synthetic Tannin Production
- Circular Economy and Carbon Footprint Reduction Via Lignin Valorization
- Biorefinery Processes
Function
- Others
- Emulsifier
- Sequestering Agent
- Flocculant
- Dispersing Agent
- Binding Agent
Source
- Synthetic Tannin Extract
- Natural Tannin Extract
Application
- Construction Chemicals & Water Treatment
- Oil & Gas
- Others
- Juices
- Coffee
- Tea
- Animal Food
- Medical/Pharmaceutical
- Wood Adhesives
- Wine Production
- Leather Processing
End Use Format
- Pellets
- Liquid
- Powder
Canada Tannin Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 36.97 USD Million |
| Market Value in 2032 | 55.73 USD Million |
| CAGR (2025-2032) | 5.51% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Product Type,Technology/Innovation,Function,Source,Application,End Use Format |
Regional Insights:
-
Leading Market (2024-2032): Canada, leading in terms of revenue 36.97 USD Million in 2024
- Key Country: Canada, leading in terms of revenue with value of 36.97 USD Million in 2024.
Segments and Scope
-
Canada Tannin Market to 2032, By Type
- Proanthocyanidins (PAS) Or Condensed Tannins (CTS) is the largest segment in Canada Tannin Market to 2032 with a revenue of 24.71 USD Million in the year 2024.
- Proanthocyanidins (PAS) Or Condensed Tannins (CTS) is the Fastest growing segment in Canada Tannin Market to 2032 with a Growth rate of 5.64 % in forecast period 2025-2032.
-
Canada Tannin Market to 2032, By Product Type
- Non-Hydrolysable (Condensed) is the largest segment in Canada Tannin Market to 2032 with a revenue of 19.54 USD Million in the year 2024.
- Non-Hydrolysable (Condensed) is the Fastest growing segment in Canada Tannin Market to 2032 with a Growth rate of 5.78 % in forecast period 2025-2032.
-
Canada Tannin Market to 2032, By Technology/Innovation
- Biorefinery Processes is the largest segment in Canada Tannin Market to 2032 with a revenue of 19.76 USD Million in the year 2024.
- Biorefinery Processes is the Fastest growing segment in Canada Tannin Market to 2032 with a Growth rate of 5.75 % in forecast period 2025-2032.
-
Canada Tannin Market to 2032, By Function
- Binding Agent is the largest segment in Canada Tannin Market to 2032 with a revenue of 13.24 USD Million in the year 2024.
- Binding Agent is the Fastest growing segment in Canada Tannin Market to 2032 with a Growth rate of 6.65 % in forecast period 2025-2032.
-
Canada Tannin Market to 2032, By Source
- Natural Tannin Extract is the largest segment in Canada Tannin Market to 2032 with a revenue of 30.61 USD Million in the year 2024.
- Natural Tannin Extract is the Fastest growing segment in Canada Tannin Market to 2032 with a Growth rate of 5.62 % in forecast period 2025-2032.
-
Canada Tannin Market to 2032, By Application
- Leather Processing is the largest segment in Canada Tannin Market to 2032 with a revenue of 21.52 USD Million in the year 2024.
- Leather Processing is the Fastest growing segment in Canada Tannin Market to 2032 with a Growth rate of 6.06 % in forecast period 2025-2032.
-
Canada Tannin Market to 2032, By End Use Format
- Powder is the largest segment in Canada Tannin Market to 2032 with a revenue of 28.05 USD Million in the year 2024.
- Powder is the Fastest growing segment in Canada Tannin Market to 2032 with a Growth rate of 5.57 % in forecast period 2025-2032.
Canada Tannin Market Company Share Analysis
| Company Name |
|
||
| LANXESS | |||
| BASF SE | |||
| Balchem Corp. | |||
| Borregaard AS | |||
| Ajinomoto Omnichem | |||
Canada Tannin Market Geographical Sales Distribution, 2018-2032 USD Million
Canada Tannin Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Canada Tannin Market is segmented based on Segmentation Type,Product Type,Technology/Innovation,Function,Source,Application,End Use Format.
Canada Tannin Market was valued at USD 36.97(Revenue in USD Million) in 2024.
Canada Tannin Market is projected to grow at a CAGR of 5.51% during the forecast period of 2024 to 2032.
The Natural Tannin Extract segment is expected to dominate the Canada Tannin Market, holding a largest market share of 30.61 USD Million in 2024
Canada Tannin Market Scope
Canada Tannin Market Segmentation & Scope
Type
- Complex Tannins
- Ellagitannins (ETS)
- Gallotannins (GTS)
- Proanthocyanidins (PAS) Or Condensed Tannins (CTS)
Product Type
- Phlorotannin
- Lignosulphonates / Sulfonated Lignin
- Hydrolysable (Pyrogallol-Type Tannin)
- Non-Hydrolysable (Condensed)
Technology/Innovation
- Green Chemistry in Synthetic Tannin Production
- Circular Economy and Carbon Footprint Reduction Via Lignin Valorization
- Biorefinery Processes
Function
- Others
- Emulsifier
- Sequestering Agent
- Flocculant
- Dispersing Agent
- Binding Agent
Source
- Synthetic Tannin Extract
- Natural Tannin Extract
Application
- Construction Chemicals & Water Treatment
- Oil & Gas
- Others
- Juices
- Coffee
- Tea
- Animal Food
- Medical/Pharmaceutical
- Wood Adhesives
- Wine Production
- Leather Processing
End Use Format
- Pellets
- Liquid
- Powder
Frequently Asked Questions
The Canada Tannin Market is segmented based on Segmentation Type,Product Type,Technology/Innovation,Function,Source,Application,End Use Format.
Canada Tannin Market was valued at USD 36.97(Revenue in USD Million) in 2024.
Canada Tannin Market is projected to grow at a CAGR of 5.51% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Tannin Market for final year is USD 55.73 (USD Million).
Canada Tannin Market Company Profiling
Frequently Asked Questions
The Canada Tannin Market is segmented based on Segmentation Type,Product Type,Technology/Innovation,Function,Source,Application,End Use Format.
Canada Tannin Market was valued at USD 36.97(Revenue in USD Million) in 2024.
Canada Tannin Market is projected to grow at a CAGR of 5.51% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Tannin Market for final year is USD 55.73 (USD Million).
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