Leather Chemical Market to Showcase Significant Growth of 6.5% CAGR during 2018-2024
Posted On September 14, 2018
A new market research report by Value Market Research compiled with all-inclusive and in-depth analysis of Global Leather Chemicals Market elaborately covers the key market trends along with key market data. The global leather chemicals market in terms of revenue was valued USD 6,832.7 Million in 2017 and is anticipated to reach USD 10,509.0 Million by 2024 with a CAGR of 6.5%. Rising demand for leather for the production of footwear, apparels, handbags and other leather products is expected to shape the market growth positively over the forecast period. The leather chemical is basically used in the leather processing for the production of finished goods. Also, these chemical offers protective coatings to enhance the aesthetic appearance of leather. It is also used to cover natural and unwanted defects from leather and provide other value-added features such as a smooth surface, weather resistant, prolonged durability, and wear & tear resistance.
Automotive is one of the largest consumption sectors where leather chemicals are in high demand, they are basically used in the seat covers of the vehicles. Therefore, the growth of the market directly depends on the production of vehicles and growing automotive industry. Further, footwear is considered to be one of the largest end-user industry, therefore rising production of consumer footwear owing to the growing population base is another major factor driving the global leather chemical market. Additionally, rising demand for premium leather products across major end-use industries such as furniture, footwear, garments and automotive interiors from emerging markets is further expected to propel the market growth. Also, the demand for leather from a textile is further expected to augment the growth of the market over the forecast period.
The new findings are available in the recently released "Global Leather Chemicals Market Report By Product (Tanning & Dyeing Chemicals, Beamhouse Chemicals, and Finishing Chemicals) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2017-2024".The report has been segmented on the basis of product and region.
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By product, the market is bifurcated into tanning & dyeing chemicals, beamhouse chemicals, and finishing chemicals. Among which, finishing chemicals have the maximum share owing to its ability to offer protective coating which enhances the quality of leather. Also, it prevents foam formation, pigment floating and cover the natural scratches thus improves the leather quality. By geography, the market is studied across the region of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Geographically, Asia Pacific is dominating the global leather chemical market owing to growing demand for leather footwear coupled with the expanding textile and automobile sector are driving the regional market growth.
The Report Segments Global Leather Chemical Market -
- Tanning & Dyeing Chemicals
- Beamhouse Chemicals
- Finishing Chemicals
- North America
- Latin America
- Middle East & Africa
ATC Chemicals, Balmer Lawrie & Co. Ltd., BASF SE, Bayer AG, Chemtan Company, Inc., Elementis Plc, Indofil Industries Ltd., Lanxess AG, Pidilite Industries Ltd., Schill& Seilacher Gmbh& Co., Stahl Holdings B.V., Texapel, TflLedertechnik Gmbh& Co KG, Tytan and Zschimmer& Schwarz & Co KG.
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