Leather Chemicals - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Leather Chemicals Market is accounted for $8,074.01 million in 2019 and is expected to reach $16,206.4 million by 2027 growing at a CAGR of 9.1% during the forecast period. Abundance of raw materials and increasing demand for premium quality leather are the major factors propelling the market growth. However, strict environmental regulatory policies and growing operational costs are hampering the market growth.
Leather chemicals form a significant component in leather industry and are necessary to process raw animal hides to gain finished products. These are used in the process range from beamhouse, dyeing, and finishing. It includes various chemicals acting as essential modifiers responsible for providing colour, smoothness, texture, and pattern to the final products that are additionally used in manufacturing of footwear, furniture, upholstery, and clothing.
Based on the end user, the garments segment is going to have a lucrative growth during the forecast period due to a raise in adoption of leather attires as insulating and safety apparels. The leather garments have emerged as primary cold-weather outer-wear in regions experiencing extreme cold conditions. This is rising and falling the clothing production and export across the globe.
By geography, Asia Pacific is estimated to have a lucrative growth due to presence of multiple leather processing units and tanneries. The region is witnessing nonstop shift of handing out units with the accessibility of cost-competitive labour, and raw material. Considerable leather production in India and China coupled with growing customer base for leather products is propelling the demand for this market.
Some of the key players profiled in the Leather Chemicals Market include BASF SE, Schill+Seilacher Gmbh, Zschimmer & Schwarz & Co KG Chemische Fabriken, Bayer AG, Lanxess AG, Elementis PLC, TFL Ledertechnik Gmbh, Clariant International Ltd, Dystar Singapore Pte Ltd., Stahl Holdings B.V., Pidilite Industries Ltd., Corbion, ANGUS Chemical Company, Evonik Industries AG and Arkema.
• Inorganic Chemicals
• Organic Chemicals
Process Types Covered:
• Finishing Chemicals
• Beamhouse Chemicals
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
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