Leather Chemicals Market Analysis - Industry Forecast 2024 | Top Key Players: BASF, Bayer, Clariant, Lanxess, Elementis Global, Stahl, DyStar, Balmer Lawrie & Co. Ltd., Zschimmer & Schwarz
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The upgradation of color fastness standards of dyes has led to an increased demand for the product. The product offers high coloring quality which will fuel the product market growth. Finishing chemicals segment is estimated to experience gains of over 5% during the forecast timespan. Strict emission & environmental norms and organic leather has spurred the demand for leather chemicals. The application of leather chemicals in automotive sector is anticipated to grow at a decent growth rate of approximately 5% between 2017 and 2024.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
5. Elementis Global
6. Balmer Lawrie & Co. Ltd.
7. Indofil Industries Limited
8. Schill + Seilacher "Struktol" GmbH
9. Zschimmer & Schwarz
11. Lawrence International
13. Chemtan company Inc.
15. The TASA Group, Inc.
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Finishing 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.
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.
o Tanning & dyeing
o Beamhouse chemicals
o Finishing chemicals
Browse key industry insights spread across 102 pages with 146 market data tables & 10 figures & charts from the report, “Leather Chemicals Market” in detail along with the table of contents:
Asia Pacific region is expected to grow at a robust pace owing to the massive production of leather in India and China. The market growth in North America is attributed to the rising demand for leather apparels and shoes. Finishing chemicals are consumed at a large scale in Europe, owing to the rise in demand of leather apparels, which is expected to boost the market growth.
Global leather chemicals market size was competitive in 2016, as the major industry competitors had presence across multiple stages of the industry ecosystem and are involved in strategic mergers & acquisitions in order to achieve competitive edge in the business. Major industry contributors are BASF, Bayer, Clariant, Lanxess, Schill & Seilacher, Lawrence International and Zschimmer & Schwarz.
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