The Leather chemicals market is estimated to be worth USD 11.95 billion by the end of the forecast period in 2028
Leather Chemicals Industry find application across most stages of leather manufacturing, in some cases, they are even used post-manufacturing. These chemicals are used to develop the best-quality leather and to for cleansing purposes. Growing leather demand is the major driver. The footwear industry accounts for a significant percentage of global leather consumption. Leather is a product that goes out of fashion, its excellent durability and aesthetics are extremely appealing to consumers. Over the years, the production of leather-based products such as garments, shoes and upholstery has increased substantially. Consumption has continued to grow in emerging markets such as China and India. In addition, there growing market for luxury leather products in these countries.
Evolving consumer preference is influencing the demand for luxury and aesthetically appealing for products. Demand for lather-based biker jackets, rain jackets, casual wear jackets continues to grow. The factors have a cumulative impact of the global leather chemicals market.
Automotive accounts for a significant percentage of global leather consumption. Leather is used in seat covers, steering wheels, armrests, dashboards, and doors among others. Leather interiors usually boasts the premium class of a luxury car. Chemicals are used to determine the shape, color, and texture of the leather components used in vehicles.
Regulatory compliances, however, remain a significant aspect, strict laws are imposed on the use of leather chemicals owing to implications on the environment. The chemical waste released from leather factories populate waterway and cause environmental degradation. Furthermore, use of chemicals also leads to high consumption of water for clearing the chemical off the leather.
Get a Free Sample PDF Brochure — https://www.marketresearchfuture.com/sample_request/7856
Competitive Landscape
Lanxess (Germany), Stahl Holdings B.V. (The Netherlands), Sisecam Group (Turkey), Silvateam S.p.a (Italy), Pidilite Industries Limited (India), Pon Pure Chemicals(India), Pulcra Chemicals GmbH (Germany), DyStar Singapore Pte Ltd (Singapore), Balmer Lawrie (India), Buckman (US), SCHILL+SEILACHER GMBH (Germany), QUIMSER, S.A. (Spain), and TFL Ledertechnik GmbH (Germany) are among key players operating in the global leather chemicals market.
Segmental Overview
MRFR’s report includes a detailed segmental analysis of the leather tanning chemicals market based on end use, product type and region.
On the basis of end use, the market has been segmented into automotive, upholstery, footwear, textile and others. On the basis of product type, the market has been segmented into tanning & retanning chemicals, dyeing products, beam-house chemicals, finishing chemicals, fatliquors, and others.
Global Leather Chemicals Market: Regional Segmentation
Based on regions, the market has been segmented into the Middle East & Africa (MEA), Latin America, North America, Europe, and Asia-Pacific (APAC). Among these, the market in Asia-Pacific (APAC) is expected to witness strong growth during the forecast period. the leather industry continues to flourish in the region, this is attributed to the increasing use of leather in manufacturing products such as footwear, jackets, gloves, shoes, and industrial protective clothing. Several other factors include to the rapid economic growth in countries such as India, China, and the ASEAN group is supporting the market growth. Demand for luxury leather products is expected to grow at a sound pace during the review period.
APAC is followed by Europe, which is the second-most profitable market for leather chemicals. Europe has a leather industry, which caters to industrial protective manufacturing, the fashion industry, automobile, aerospace, luxury leather apparel, among others.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
0
As per the report, the global leather chemicals industry was pegged at $7.5 billion in 2019, and is estimated to hit $11.0 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027.Rise in use of leather chemicals in end-user industries and benefits of chrome-tanned leather have boosted the growth of the global leather chemicals market.
On the contrary, advancements in the tanning industry to reduce the production of chromium content in wastewater would open new opportunities for the market players in the coming years.Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/8057Covid-19 scenario:The pandemic severely affected the global GDP, which drastically changed consumer spending patterns.Governments of various countries have imposed travel restriction to curb the spread of coronavirus, which affected the supply of raw materials for the manufacturing of leather chemicals.
Moreover, the lack of labor, disruption of the supply chain, and delayed shipment negatively affected the production of leather.Since the Covid-19 pandemic, export of leather has reduced and the use of leather chemicals for production has decreased.The tanning and dyeing chemicals segment held the lion's shareBy type, the tanning and dyeing chemicals segment dominated the global leather chemicals market in 2019, contributing to more than two-fifths of the market.
However, the footwear segment held the lion's share in 2019, accounting for more than two-fifths of the global leather chemicals market, due to rise in population and consumer demand for leather footwear.Asia-Pacific, followed by Europe and North America, dominated the marketBy region, the market across Asia-Pacific, followed by Europe and North America, held the largest share in 2019, contributing to nearly half of the market, owing to rising demand for leather footwear and presence of large number of tanneries.
However, the global leather chemicals market across Europe is projected to portray the highest CAGR of 7.0% during the forecast period, due to various business models set up by key players such as entering into international business alliances and formation of boutique units that help to enhance creativity and quality leather products.Major Market PlayersLanxess AGSolvayClariant AGArkema SAEvonik Industries AGEastman Chemical CompanyStahl Holdings B.V.Saudi Basic Industries CorporationElementis PLCIndofil Industries LimitedInterested in Procuring This Report?
Visit Here: https://www.alliedmarketresearch.com/leather-chemical-market/purchase-optionsAbout Us:Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon.
