Leather Chemicals Market 2022-2027 : Size, Industry Share, Trends, Report, Growth, Region, Scope, Analysis, Top Key Players
According to the latest report by IMARC Group, titled “Global Leather Chemicals Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global leather chemicals market reached a value of US$ 8.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.89 Billion by 2027 exhibiting a CAGR of 6.20% during 2022-2027.
Leather chemicals represent several specialty chemicals that are used for tanning, dyeing, and finishing purposes during various stages of leather production. They include mineral salts, vegetable tannin, animal oils, surfactants, degreasers, formic acid, aldehydes, chromium sulfates, biocides, resins, dyes, etc. Furthermore, these chemicals are extensively utilized to impart the desired properties, such as texture, color, softness, toughness, water resistance, fullness, etc., to the leather. Consequently, leather chemicals find wide-ranging applications across numerous sectors, including automotive, textile, footwear, etc.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Leather Chemicals Market Trends and Drivers:
The escalating demand for high-end vehicles is primarily driving the leather chemicals market. In addition to this, the increasing adoption of leather in the automotive industry for manufacturing automobile upholstery and interiors is further catalyzing the market growth.
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Moreover, the growing inclination towards product aesthetics, particularly among the Millennial population, is propelling the sales of high-quality luxury leather items, such as wallets, bags, apparel, home furnishings, and other accessories. This is acting as another significant growth-inducing factor.
Additionally, leather chemicals, such as polymers, syntans, fatliquor, dyeing auxiliaries, etc., help in improving adhesiveness, resistance to molds, and smoothness of leather while preventing the deterioration caused by microorganisms, which is also augmenting the global market.
Apart from this, the introduction of bio-based product variants, on account of the rising consumer environmental concerns towards the harmful effects of synthetic chemicals, is anticipated to fuel the leather chemicals market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Leather Chemicals Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abhilash Chemicals and Pharmaceuticals Pvt Ltd, BASF SE, DuPont de Nemours Inc., DyStar Singapore Pte Ltd (Zhejiang Longsheng Group and Kiri Industries Limited (KIL)), Eastman Chemical Company, Indofil Industries Limited, Lanxess AG, Pidilite Industries Limited, Schill + Seilacher GmbH, Stahl Holdings B.V., TFL Ledertechnik GmbH and Zschimmer & Schwarz Chemie GmbH.
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The report has segmented the market on the basis of region, chemicals type, product and end user.
Breakup by Chemicals Type:
- Tanning and Dyeing Chemicals
- Beam House Chemicals
- Finishing Chemicals
Breakup by Product:
- Chromium Sulfate
- Polyurethane Resins
- Sodium Bicarbonate
Breakup by End User:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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