According to Our latest research report on “Leather Chemicals Market” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
The global leather chemicals market was valued at $7.5 billion in 2019, and is projected to reach $11.0 billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027. Leather chemicals are used in various stages of leather processing such as tanning, retaining, and dyeing. These chemicals are majorly used to impart softness, enhance dryness, increase abrasion resistance, and improve physical properties of leather substitutes. Leather chemicals are majorly categorized into tanning & dyeing chemicals, retaining & filling chemicals, dyeing chemicals, and beerhouse chemicals. Leather tanning chemicals are used to convert raw hide into leather, and these chemicals include vegetable tannins, mineral salts, and animal oil.
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In order to be able to fulfill rising demand, the chemical industry invests billions of dollars each year in new and sustaining capital. Chemicals and materials are omnipresent in contemporary life, therefore major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively. Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability. Retanning & filling chemicals include acrylic dispersions that are used to enhance softness and improve flexibility of leather. Dyeing chemicals include surfactants, degreasers, sodium format, and neutralizing syntans that are used for wetting of dyes and removinggrease or fats from hides or leather. Beam house chemicals includesoaking auxiliaries, liming auxiliaries, and different enzymes, which are used to improve skin cleaning capability and for soaking process.
Presently, the growth of the global leather chemicals market is driven by the expansion of the footwear and textile industries. In addition, rise in preference among people about aesthetically pleasing leather footwear has increased the use of leather chemicals for various chemicals process such as dyeing and fatliquoring process. Leather finishing chemicals are gaining more importance owing to their properties such as improved resistance, smoothness, and adhesive property. Other uses of leather chemicals such as dyes, polymers, resins, and syntans to impart color, disperse dyes evenly, and impart softness have surged their demand, globally.
However, environmental impact such as dumping of solid waste and threat to workerson direct contact withharmful chemicals during the tanning process leads to health issues, which are expected to restrain the growth of the market. Tanned leather produces wastewater that includes sulfides and chromium, which impartnegative impact on the environment and workers. On the contrary, the development of tanning process is expected to reduce formation of chromium and sulfides in water, which is likely to uncover new revenue opportunities during the forecast period.
The global leather chemicals market is segmented into chemical type, end user, and region. Depending on chemicals type, the market is fragmented into tanning & dyeing chemicals, beam house chemicals, and finishing chemicals. On the basis of end user, it is segregated into footwear, furniture, automotive, textile & fashion, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
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The global leather chemicals market report provides in-depth competitive analysis as well as profiles of these major players.
1.1. Key benefits for stakeholders
– Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
– It outlines the current trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
– The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
– The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
– The profiles of key players and their key strategic developments are enlisted in the report.
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Key players in the global leather chemicals market are:
1. Lanxess AG
2. Clariant AG
3. Solvay
4. Arkema SA
5. Eastman Chemical Company
6. Evonik Industries AG
7. Evonik Industries AG
8. Stahl Holdings B.V.
9. Elementis PLC
10. Indofil Industries Limited
1.2. KEY MARKET SEGMENTS
– ByChemicalsType
– Tanning &Dyeing Chemicals
– Beam House Chemicals
– Finishing Chemicals
– By EndUser
– Footwear
– Furniture
– Automotive
– Textile & Fashion
– Other
– By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o France
o Germany
o UK
o Spain
o Italy
o Rest of Europe
– Asia-Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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