Press release
Leather Chemicals Market Size 2024 Evolution Opportunities, Demands and Growth Revenue | BASF, Bayer, Clariant, Lanxess, Elementis Global, Stahl, DyStar, Balmer Lawrie & Co. Ltd., Zschimmer & Schwarz
Leather Chemicals Market
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.
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.
Organic finishing which is free from solvents will lead to a sprouting product market demand. Luxury goods are on the rise which will accelerate the growth of the product industry.
Asia Pacific region is expected to grow at a robust pace owing to the massive production of leather in India and China. The Leather Chemicals 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.
The product market is highly fragmented with several small scale and large scale manufacturers. The key companies operating in the business are Lanxess, Clariant, BASF SE, Bayer AG, Elementis PLC, Indofil Industries Ltd., Balmer Lawrie Co. Ltd., Zschimmer Schwarz Co KG, Schill Seilacher GmbH Co., Lawrence International, Chemtan Company, DyStar, Stahl International BV, TASA Group International, TEXAPEL, etc.
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