Press release
Leather Glue Market Demand Witness A CAGR Of 5% , latest research by Fact.MR
What is Driving Demand for Leather Glue?Evolving demand for quick dry adhesive and soak less adhesive for sticking and fixing leather products continue to drive the demand for leather glue. In past few years, the leather industry has grown significantly.
Leather manufacturing companies are using leather glue to replace traditional adhesives which soaks in leather after use, as this adhesive sometime damages the leather and increase the loss for manufacturers.
Apart from this, wheel and wheel tube manufacturing companies also consume leather glue to fix leakages in tires and wheels.
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Covid-19 Affected the Global Leather Glue Sales
Footwear industry has been badly affected globally amid pandemic, as production in the footwear industry was put on hold to avoid the spread of covid 19 virus.
For instance, Adidas (shoe manufacturing company) has faced the loss of more than US$ 1 Billion in China, Taiwan & Hong Kong markets, as most of their outlets were shut down in these countries due to the pandemic.
Lockdowns further led consumers stay at home, thus procrastinating their shoe purchasing decisions.
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Who are the Key Manufacturers and Suppliers of Leather Glue?
Some of the leading leather glue manufacturers includes Benson Polymers Limited,
FAC GB SRL
RENIA GESELLSCHAFT MBH
3M Company
Gorilla Glue Company
Masterbond
Henkel
Megabond (Huangshan) Adhesive Co. Ltd.
Foshan Madoff Chemical Co. Ltd.
Shandong Pinguan New Material Co. Ltd.
CHEMMER ENTERPRISE CO. LTD.
Changzhou Melic Decoration Material Co. Ltd.
E.Sadoshima & Co. Ltd
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North America Demand Outlook for Leather Glue
North America holds the second largest share of leather glue market followed by Europe.
United States dominates the North American market of leather glue, as most of the big players of footwear industry come from these countries including Nike, Inc., Under Armour, Inc., Skechers USA, Inc., Kenneth Cole Productions, Inc. and Crocs, Inc., as most of the giant companies of footwear belong to North America the consumption of leather glue is huge, which supports the growth of leather glue products.
Apart, from this owing to a high number of purchasing power and growing expenses in personal appearance product driving the footwear industry.
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Key Segments
By Resin Type
Epoxy
Acrylic
Cyanoacrylate
Anaerobic
Polyurethane
By Application
Shoes
Cars
Buses
Garments
Tires
Others
By End User
Footwear Industry
Garment Industry
Leather Industry
Others
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Leather glue Market Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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