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Leather Chemicals Market Current and Future Industry Growth Analysis On Lanxess, Bayer AG, Clariant, Elementis PLC, Balmer Lawrie Co. Ltd., Schill Seilacher GmbH Co, Zschimmer Schwarz Co KG & More
Leather Chemicals Market, Leather Chemicals Market trends, Leather Chemicals Market forecast, Leather Chemicals Market analysis
Historical data from 2013 is provided for Leather Chemicals market along with estimates and forecasts to 2024 based on segmentation of Leather Chemicals industry By Product (Tanning & Dyeing, Beamhouse Chemicals, Finishing Chemicals), By End-user (Footwear, Furniture, Automobile, Garments, Gloves) companies and regions. Previous years’ data offers fact-based information on trends and growth graph while the forecasts aim to show an outlook of Leather Chemicals market for the next few years keeping in mind the advancements happening in the sector.
Coming back to the premium report on structural steel market for 2017-2024, companies profiled in this research include BASF SE, Lanxess, Bayer AG, Clariant, Elementis PLC, Balmer Lawrie Co. Ltd., Schill Seilacher GmbH Co, Zschimmer Schwarz Co KG, DyStar, Stahl International BV, Chemtan Company, TEXAPEL, TASA Group International
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Improving consumer lifestyle dynamics and spending pattern has been stimulating the leather chemicals market size for its widespread applications in products such as belts, jackets and shoes. For instance, the overall shoes production in 2007 was roughly more than 15 billion pairs.
Elevation construction spending, particularly in the BRIC countries will boost the global leathers chemicals market size by 2024. Leather chemical usage is prominent for the construction business owing to superior leather quality (fine finish, smoothness and gloss) demand. In addition, leather is an essential equipment used in personal protective equipment (PPE) including gloves and shoes. Thus, elevating PPE demand across the globe due to government initiate in order to ensure worker safety will complement the overall leather chemicals market size by 2024.
Highly polluting chemicals in the form of wastewater, sludge, unused chemicals, leached proteins and skin byproducts and high capital involved in leather processing across different stages (tanning, crusting and surface coating) may obstruct the leather chemicals market size by 2024.
Finishing leather chemicals market size will experience growth over 5% over the forecast timeframe. It plays a crucial in the industry by enhancing the features (smoothness, durability, weather resistant, wear & tear resistance) of leather products.
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Leather chemicals market by product
• Tanning & dyeing
• Beamhouse chemicals
• Finishing chemicals
Leather chemicals market by end-user
• Footwear
• Furniture
• Auto
• Garments
• Gloves
• Others
Global leather chemicals market share for footwear accounted for more than half of the industry volume in 2016. Escalating global footwear sales primarily due to upgrading consumer lifestyle along with increasing customer spending power over the past few years is analyzed to be the major factor propelling business growth. Leather chemical market size for automotive shall observe growth close to 5% by 2024. The growth in the segment will be particularly due to rising leather demand for interiors (dashboard, seat covers, etc.) in personal cars.
In 2016, North America leather chemicals market size was more than USD 1 billion. The regional growth was mainly due to favoring regulations towards PPE use in manufacturing industries. Furthermore, massive customer base for leather shoes and gloves in the region will complement business growth by 2024.
In 2016, Asia Pacific leather chemicals market share accounted for a major industry chunk. This massive regional industry size is mainly due to robust leather production in China and India. For instance, India and China holds over 40% of the global leather export.
Complete report at: https://www.marketstudyreport.com/reports/leather-chemicals-market
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