Leather Chemicals Market projected to Reach USD 13.7 Billion by 2026

According to the Facts and Factors, Research Report, the global Leather Chemicals market in 2019 was approximately USD 8.5 Billion. The market is expected to grow at a CAGR of 7% and is anticipated to reach around USD 13.7 Billion by 2026.

Leather chemicals are applied to the hides and skins to eliminate the chances of microorganism-related deteriorations and also to improve the texture of leather, thereby augmenting the growth of the global Leather Chemicals market. These chemicals are used to give leather a rich appeal and to make it long lasting. The leather chemicals are used at different stages of leather production. The processing starts with beamhouse operations tailed by tanning operations. The leather chemicals along with some nanoparticles or microparticles help improve color, texture, water & abrasion resistance, and aesthetic value of the leather.

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Market Drivers:

The increasing use of leather in the automotive upholstery and furnishing industry is anticipated to propel the global Leather Chemicals market during the forecast period. Additionally, the ongoing research and R&D activities for the development of eco-friendly or bio-based products help offer new avenues for the Leather Chemicals market. Furthermore, the high demand for prevention of microorganism-based deterioration prevention and texture improvement are likely to promulgate the market growth. Growing demand for leather in the textile, footwear, furnishing, and other end-user industries coupled with the consumer preferences for fashion-oriented generation will further surge the market growth. However, the stringent government regulations, environmental problems associated with hazardous chemicals, Registration, Evaluation, Authorization and Restriction of Chemical substances (REACH) set regulatory policies, health issues, and surging operational charges may hinder the market growth.

Market Segment Dominance:

·Chromium sulfate category is expected to dominate the growth of the global Leather Chemicals market

Top Market Players:

Some of the key players of the global Leather Chemicals market are Elementis PLC, Dystar Singapore Pte Ltd, Stahl International BV, Schill & Seilacher Gmbh & Co.KG, TEXAPEL, Tytan, Clariant International Ltd., ATC Chemicals, Lanxess, Bayer AG, Chemtan Company, Lanxess AG, TFL Ledertechnik Gmbh & Co.KG, and BASF SE, among others.

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The low cost and supreme functionality of chromium sulfate are the key factors propelling the use of the chemical in tanneries. Thus, the chromium sulfate is expected to hold the majority of the market share in the global Leather Chemicals market.

·Tanning & dyeing chemicals category is projected to dominate the global Leather Chemicals market during the forecast period

The growing demand for tanning & dyeing chemicals in leather making process is basically due to the softness and climate resistance properties provided to the leather product through this process. This factor is projected to help the tanning & dyeing chemicals lead the Leather Chemicals market.

·Footwear application exhibits the highest market share

The increasing demand for fashion-oriented footwear among the fashion dependent people across the world. Furthermore, the changing fashion trends among the growing population is escalating the requirement for quality footwear, which, in turn, fuels the growth of the market. Moreover, the high demand footwear in Asian countries including China, Vietnam, and India contributes to the growth of the footwear category.

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Regional Dominance:

·Asia Pacific dominates the global Leather Chemicals market

The growing automotive industry and interior designing trends is augmenting the demand for leather chemicals in the region. Thus, the Asia Pacific Leather Chemicals market exhibits the dominance in the market share. Furthermore, the increasing disposable income, high standard of living, and growing young population encourages the use of leather chemicals in the textile, automotive, and footwear industry.

This report segments the global Leather Chemicals market as follows:

Global Leather Chemicals Market: Product Segmentation Analysis

Biocides
Surfactants
Chromium Sulfate
Polyurethane Resins
Sodium Bicarbonate
Others

Global Leather Chemicals Market: Process Segmentation Analysis

Tanning & Dyeing
Beamhouse
Biocides
Surfactant
Sodium Sulfide
Formic Acid
Others
Finishing

Global Leather Chemicals Market: End-Use Segmentation Analysis

Footwear
Upholstery
Textile & Fashion
Automotive
Furniture
Leather Goods

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