Two Sides of One Process
Decanting serves two completely different practical purposes. The first is separating clear wine from solid sediment that naturally forms during long bottle ageing. This mostly applies to old red wines, where the sediment consists of tannins and coloring matter. If these particles get into the glass, they make the wine cloudy and impart an unpleasant bitterness.
The second goal is aeration, or controlled oxygenation. Contact with air triggers chemical reactions: excess sulfur compounds dissipate, aggressive tannins soften, and complex aromatic compounds are released. For young, tannic wines, this accelerates a maturation process that would otherwise take years in a closed bottle.