Mexico Tannin Market to 2032
Overview
The Mexico Tannin Market is expected to reach a 116.70 USD Million by 2032 and is projected to grow at a CAGR of 6.19% from 2025 to 2032.
Revenue, 2024 (USD Million)
73.17
Forecast, 2032 (USD Million)
116.70
CAGR, 2024 - 2032
6.19%
Report Coverage
Mexico
Mexico Tannin Market 2018-2032 USD Million
Mexico Tannin Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 73.17 USD Million
- Projected Market Size (2032): 116.70 USD Million
- CAGR (2025-2032): 6.19%
Key Findings of Mexico Tannin Market
- The Mexico Tannin Market was valued at 73.17 USD Million in 2024.
- The Mexico Tannin Market is likely to grow at a CAGR of 6.19% 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 60.54 USD Million
- The fastest growing segment Binding Agent in Function Segment grew Fastest with a CAGR of 7.35% during the forecast period from 2024 to 2032.
Mexico Tannin Market Scope
Mexico Tannin Market Segmentation & Scope
Application
- Construction Chemicals & Water Treatment
- Oil & Gas
- Others
- Juices
- Coffee
- Tea
- Animal Food
- Medical/Pharmaceutical
- Wood Adhesives
- Wine Production
- Leather Processing
Type
- Complex Tannins
- Ellagitannins (ETS)
- Gallotannins (GTS)
- Proanthocyanidins (PAS) Or Condensed Tannins (CTS)
Source
- Synthetic Tannin Extract
- Natural Tannin Extract
Technology/Innovation
- Green Chemistry in Synthetic Tannin Production
- Circular Economy and Carbon Footprint Reduction Via Lignin Valorization
- Biorefinery Processes
End Use Format
- Pellets
- Liquid
- Powder
Function
- Others
- Emulsifier
- Sequestering Agent
- Flocculant
- Dispersing Agent
- Binding Agent
Product Type
- Phlorotannin
- Lignosulphonates / Sulfonated Lignin
- Hydrolysable (Pyrogallol-Type Tannin)
- Non-Hydrolysable (Condensed)
Mexico Tannin Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 73.17 USD Million |
| Market Value in 2032 | 116.70 USD Million |
| CAGR (2025-2032) | 6.19% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Type,Source,Technology/Innovation,End Use Format,Function,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Mexico, leading in terms of revenue 73.17 USD Million in 2024
- Key Country: Mexico, leading in terms of revenue with value of 73.17 USD Million in 2024.
Segments and Scope
-
Mexico Tannin Market to 2032, By Application
- Leather Processing is the largest segment in Mexico Tannin Market to 2032 with a revenue of 42.51 USD Million in the year 2024.
- Leather Processing is the Fastest growing segment in Mexico Tannin Market to 2032 with a Growth rate of 6.75 % in forecast period 2025-2032.
-
Mexico Tannin Market to 2032, By Type
- Proanthocyanidins (PAS) Or Condensed Tannins (CTS) is the largest segment in Mexico Tannin Market to 2032 with a revenue of 48.85 USD Million in the year 2024.
- Proanthocyanidins (PAS) Or Condensed Tannins (CTS) is the Fastest growing segment in Mexico Tannin Market to 2032 with a Growth rate of 6.33 % in forecast period 2025-2032.
-
Mexico Tannin Market to 2032, By Source
- Natural Tannin Extract is the largest segment in Mexico Tannin Market to 2032 with a revenue of 60.54 USD Million in the year 2024.
- Natural Tannin Extract is the Fastest growing segment in Mexico Tannin Market to 2032 with a Growth rate of 6.31 % in forecast period 2025-2032.
-
Mexico Tannin Market to 2032, By Technology/Innovation
- Biorefinery Processes is the largest segment in Mexico Tannin Market to 2032 with a revenue of 39.02 USD Million in the year 2024.
- Biorefinery Processes is the Fastest growing segment in Mexico Tannin Market to 2032 with a Growth rate of 6.43 % in forecast period 2025-2032.
-
Mexico Tannin Market to 2032, By End Use Format
- Powder is the largest segment in Mexico Tannin Market to 2032 with a revenue of 55.48 USD Million in the year 2024.
- Powder is the Fastest growing segment in Mexico Tannin Market to 2032 with a Growth rate of 6.25 % in forecast period 2025-2032.
-
Mexico Tannin Market to 2032, By Function
- Binding Agent is the largest segment in Mexico Tannin Market to 2032 with a revenue of 26.09 USD Million in the year 2024.
- Binding Agent is the Fastest growing segment in Mexico Tannin Market to 2032 with a Growth rate of 7.35 % in forecast period 2025-2032.
-
Mexico Tannin Market to 2032, By Product Type
- Non-Hydrolysable (Condensed) is the largest segment in Mexico Tannin Market to 2032 with a revenue of 38.60 USD Million in the year 2024.
- Non-Hydrolysable (Condensed) is the Fastest growing segment in Mexico Tannin Market to 2032 with a Growth rate of 6.47 % in forecast period 2025-2032.
Mexico Tannin Market Company Share Analysis
| Company Name |
|
||
| LANXESS | |||
| BASF SE | |||
| Balchem Corp. | |||
| Borregaard AS | |||
| Ajinomoto Omnichem | |||
Mexico Tannin Market Geographical Sales Distribution, 2018-2032 USD Million
Mexico Tannin Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Mexico Tannin Market is segmented based on Segmentation Application,Type,Source,Technology/Innovation,End Use Format,Function,Product Type.
Mexico Tannin Market was valued at USD 73.17(Revenue in USD Million) in 2024.
Mexico Tannin Market is projected to grow at a CAGR of 6.19% during the forecast period of 2024 to 2032.
The Natural Tannin Extract segment is expected to dominate the Mexico Tannin Market, holding a largest market share of 60.54 USD Million in 2024
Mexico Tannin Market Scope
Mexico Tannin Market Segmentation & Scope
Application
- Construction Chemicals & Water Treatment
- Oil & Gas
- Others
- Juices
- Coffee
- Tea
- Animal Food
- Medical/Pharmaceutical
- Wood Adhesives
- Wine Production
- Leather Processing
Type
- Complex Tannins
- Ellagitannins (ETS)
- Gallotannins (GTS)
- Proanthocyanidins (PAS) Or Condensed Tannins (CTS)
Source
- Synthetic Tannin Extract
- Natural Tannin Extract
Technology/Innovation
- Green Chemistry in Synthetic Tannin Production
- Circular Economy and Carbon Footprint Reduction Via Lignin Valorization
- Biorefinery Processes
End Use Format
- Pellets
- Liquid
- Powder
Function
- Others
- Emulsifier
- Sequestering Agent
- Flocculant
- Dispersing Agent
- Binding Agent
Product Type
- Phlorotannin
- Lignosulphonates / Sulfonated Lignin
- Hydrolysable (Pyrogallol-Type Tannin)
- Non-Hydrolysable (Condensed)
Frequently Asked Questions
The Mexico Tannin Market is segmented based on Segmentation Application,Type,Source,Technology/Innovation,End Use Format,Function,Product Type.
Mexico Tannin Market was valued at USD 73.17(Revenue in USD Million) in 2024.
Mexico Tannin Market is projected to grow at a CAGR of 6.19% during the forecast period of 2024 to 2032.
The estimated market value of the Mexico Tannin Market for final year is USD 116.70 (USD Million).
Mexico Tannin Market Company Profiling
Frequently Asked Questions
The Mexico Tannin Market is segmented based on Segmentation Application,Type,Source,Technology/Innovation,End Use Format,Function,Product Type.
Mexico Tannin Market was valued at USD 73.17(Revenue in USD Million) in 2024.
Mexico Tannin Market is projected to grow at a CAGR of 6.19% during the forecast period of 2024 to 2032.
The estimated market value of the Mexico Tannin Market for final year is USD 116.70 (USD Million).
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