Newly Published Visiongain Report: Leather Chemicals Market Report 2019-2029
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The global leather chemicals market is valued at $7.5 billion 2018 and is expected to register a growth of 6.1% over the forecast period from 2019-2029. Market growth can be attributed by rising demand from end-use industries such as footwear, automotive, apparel, and upholstery for premium leather products. Increasing middle class, rising disposable income, and changing standard of living is expected to increase the demand of leather products including jacket, wallet, upholstery, shoes, and belt which will further enhance the overall market for leather chemicals.
Footwear segment is expected to offer huge potential for leather chemicals in forecast period. During the forecast period, rapidly changing trends in fashion, rising population, and rising demand for quality footwear are projected to drive the market. Increasing demand for luxury footwear is also anticipated to increase demand for chemical finishing in the years ahead. The booming footwear industry is probable to contribute to the development of the footwear segment in Asian nations such as China, Vietnam, and India.
APAC region is estimated to dominate the leather chemicals market due to rising demand for leather footwear along with booming textile and automotive industries. Increasing population base along with increasing leather demand from China and India is boosting the growth further. China is the largest footwear producer also has leadership in automotive industry which resulted in highest demand of leather chemicals. China is expected to be the largest consumer in coming years also due to huge population base and improved lifestyle.
Leading companies featured in the Leather Chemicals Market Report 2019-2029 report include BAYER AG, Chemtan Company, Inc., Elementis plc, Indofil Industries Limited, Lanxess AG, Lawrence Industries Limited, Schill+Seilacher GmbH, Stahl International B.V., Texapel, Zschimmer & Schwarz GmbH & Co KG among others. Mergers & acquisitions and joint ventures constitute some of the industry players’ common strategies for reducing product price overall and maintaining extremely competitive conditions. In order to guarantee continued raw material supplies and ease of installation services, many actors in the sector create alliances with raw material providers and third-party installers.
The comprehensive report provides market estimates and forecasts for leading domestic markets across the world for the period from 2019 to 2029. In addition, the report includes dedicated leading companies covering 10 leading leather chemicals industry producers.
The report on the Leather Chemicals Market Report 2019-2029 will appreciate anyone who wants to better understand the market in various end use industries. It will be useful for companies that want to better understand the part of the market in which they are already involved or those that want to enter or expand into another regional or technical part of the leather chemicals industry.
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Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
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