Global Leather Chemicals Market Is Expected To Exhibit A Growth Rate Of Over USD 13.7 Billion by 2026

23-Apr-2020 | Facts and Factors

Findings from Facts and Factors report “Leather Chemicals Market By Product (Chromium Sulfate, Biocides, Surfactants, Polyurethane Resins, Sodium Bicarbonate, and Others), By Process (Tanning & Dyeing Chemicals, Beamhouse Chemicals, and Finishing Chemicals), By End-Use (Upholstery, Textile & Fashion, Automotive, Furniture, and Leather Goods), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026?” states that the global Leather Chemicals market in 2019 was approximately USD 8.5 Billion. The market is expected to grow at a CAGR of 7% and is anticipated to reach around USD 13.7 Billion by 2026.

Global Leather Chemicals Market Size

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Leather chemicals are applied to the hides and skins to eliminate the chances of microorganism-related deteriorations and also to improve the texture of leather, thereby augmenting the growth of the global Leather Chemicals market. These chemicals are used to give leather a rich appeal and to make it long lasting. The leather chemicals are used at different stages of leather production. The processing starts with beamhouse operations tailed by tanning operations. The leather chemicals along with some nanoparticles or microparticles help improve color, texture, water & abrasion resistance, and aesthetic value of the leather.

Browse the full “Leather Chemicals Market By Product (Chromium Sulfate, Biocides, Surfactants, Polyurethane Resins, Sodium Bicarbonate, and Others), By Process (Tanning & Dyeing Chemicals, Beamhouse Chemicals, and Finishing Chemicals), By End-Use (Upholstery, Textile & Fashion, Automotive, Furniture, and Leather Goods), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-leather-chemicals-market-by-product-chromium-sulfate-1022

Market Drivers:

The increasing use of leather in the automotive upholstery and furnishing industry is anticipated to propel the global Leather Chemicals market during the forecast period. Additionally, the ongoing research and R&D activities for the development of eco-friendly or bio-based products help offer new avenues for the Leather Chemicals market. Furthermore, the high demand for prevention of microorganism-based deterioration prevention and texture improvement are likely to promulgate the market growth. Growing demand for leather in the textile, footwear, furnishing, and other end-user industries coupled with the consumer preferences for fashion-oriented generation will further surge the market growth. However, the stringent government regulations, environmental problems associated with hazardous chemicals, Registration, Evaluation, Authorization and Restriction of Chemical substances (REACH) set regulatory policies, health issues, and surging operational charges may hinder the market growth.

Market Segment Dominance:

·Chromium sulfate category is expected to dominate the growth of the global Leather Chemicals market

The low cost and supreme functionality of chromium sulfate are the key factors propelling the use of the chemical in tanneries. Thus, the chromium sulfate is expected to hold the majority of the market share in the global Leather Chemicals market.

·Tanning & dyeing chemicals category is projected to dominate the global Leather Chemicals market during the forecast period

The growing demand for tanning & dyeing chemicals in leather making process is basically due to the softness and climate resistance properties provided to the leather product through this process. This factor is projected to help the tanning & dyeing chemicals lead the Leather Chemicals market.

·Footwear application exhibits the highest market share

The increasing demand for fashion-oriented footwear among the fashion dependent people across the world. Furthermore, the changing fashion trends among the growing population is escalating the requirement for quality footwear, which, in turn, fuels the growth of the market. Moreover, the high demand footwear in Asian countries including China, Vietnam, and India contributes to the growth of the footwear category.

Regional Dominance:

·Asia Pacific dominates the global Leather Chemicals market

The growing automotive industry and interior designing trends is augmenting the demand for leather chemicals in the region. Thus, the Asia Pacific Leather Chemicals market exhibits the dominance in the market share. Furthermore, the increasing disposable income, high standard of living, and growing young population encourages the use of leather chemicals in the textile, automotive, and footwear industry.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 8.5 Billion

Projected Market Size in 2026

USD 13.7 Billion

Growth Rate

CAGR 7%

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Elementis PLC, Dystar Singapore Pte Ltd, Stahl International BV, Schill & Seilacher Gmbh & Co.KG, TEXAPEL, Tytan, Clariant International Ltd., ATC Chemicals, Lanxess, Bayer AG, Chemtan Company, Lanxess AG, TFL Ledertechnik Gmbh & Co.KG, BASF SE and Others

Key Segment

By Product, By Process, By End-Use and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Key Market Players:

Some of the key players of the global Leather Chemicals market are Elementis PLC, Dystar Singapore Pte Ltd, Stahl International BV, Schill & Seilacher Gmbh & Co.KG, TEXAPEL, Tytan, Clariant International Ltd., ATC Chemicals, Lanxess, Bayer AG, Chemtan Company, Lanxess AG, TFL Ledertechnik Gmbh & Co.KG, and BASF SE, among others.

This report segments the global Leather Chemicals market as follows:

Global Leather Chemicals Market: Product Segmentation Analysis

  • Biocides

  • Surfactants

  • Chromium Sulfate

  • Polyurethane Resins

  • Sodium Bicarbonate

  • Others

Global Leather Chemicals Market: Process Segmentation Analysis

  • Tanning & Dyeing

  • Beamhouse

    • Biocides

    • Surfactant

    • Sodium Sulfide

    • Formic Acid

    • Others

  • Finishing

Global Leather Chemicals Market: End-Use Segmentation Analysis

  • Footwear

  • Upholstery

  • Textile & Fashion

  • Automotive

  • Furniture

  • Leather Goods

Global Leather Chemicals Market: Regional Segmentation Analysis

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The UK

    • France

    • Spain

    • Italy

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Southeast Asia

    • Rest of Asia Pacific

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Middle East & Africa

    • GCC

    • South Africa

    • Rest of Middle East & Africa

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