Leather Chemicals Market Analysis of Major Segments and Future Opportunity Assessment 2019-2029 | Stahl International B.V., Bayer AG, Chemtan Company, Inc., Elementis plc

India’s textile and apparel exports stood at USD 39.20 billion in 2018 and is anticipated to increase to USD 82.00 billion by 2021 from USD 31.65 billion in 2019.

Leather refers to the material that is produced by the hide of animal skin. To make the leather more durable and suitable for the production of various leather products, different leather chemicals are used. Leather chemicals are the chemicals that are used in the manufacturing of leather by tanning animal rawhide or skin to obtain commercial leather.

The growing demand for various leather made products such as apparels, footwear, garments, furniture, accessories, and automotive upholstery is positively influencing the demand for leather chemicals, therefore, driving the growth of the leather chemical market. Furthermore, innovation in technology such as the use of micro and nano particulates for abrasion resistance and improved innovation in the chemical compound offering the improved color, texture, look and feel of the leather; superior water resistance along with improved finish adhesion is anticipated to drive the leather chemical market. However, increasing operational costs and strict environmental regulatory policies may restrict the growth of the leather chemicals market.

Leather chemicals are applied on the skin of animals, to prevent the deterioration caused by microorganisms, as well as for improving the texture of leather, by making leather suitable for further applications. One of such applications is in the clothing and fashion in the textile industry which has currently been on the rise, owing to the changing trends in fashion and consumer preferences.

According to the United States International Trade Commission, U.S. total exports of footwear were increased by USD 127 million (8.8%) to USD 1.6 billion in 2018, which is predicted to increase further in the coming years. In addition to this, the continuously changing consumer preferences for aesthetic and luxury footwear is expected to boost the demand for leather in the footwear industry and, therefore, will augment the demand for leather chemicals during the forecast period.

Leather is obtained through the hides of animals and is considered harmful to the environment as it has severe effects such as water contamination that is caused by leather chemicals. For instance, chrome-tanned leather production results in the generation of waste with chromium content and is, therefore, considered hazardous by the Environmental Protection Agency (EPA).

Get a Sample Copy of this report with the latest Industry trends and COVID-19 Impact: 
https://straitsresearch.com/report/leather-chemicals-market/request-sample

The Major Players Covered in this Report:
Stahl International B.V.
Bayer AG
Chemtan Company, Inc.
Elementis plc
Indofil Industries Limited
Lanxess AG
Lawrence Industries Limited
Rock Chemie Co.
Schill and Seilacher GmbH
Texapel S.L.

By Product Type
Biocides
Surfactants
Chromium Sulfate
Sodium Bicarbonate
Others

By Process
Tanning and Dyeing Chemicals
Beam House Chemicals
Finishing Chemicals

By End-User Industry
Footwear
Furniture
Automotive
Textile & Fashion
Others

View this report with a detailed description and TOC @ https://straitsresearch.com/report/leather-chemicals-market/toc

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Leather Chemicals in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Leather Chemicals market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Leather Chemicals and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Leather Chemicals. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

View Full Report @ 
https://straitsresearch.com/report/leather-chemicals-market/

Council for Leather Exports - 
1.) The figure shows the leather footwear segment accounted for the largest share in the leather industry with 38.58%, followed by the leather goods segment with 25.20% in 2019, which is projected to increase further. Moreover, as per the All-China Leather Exhibition, the exports of the leather and footwear industry in China were 78.7 USD billion in 2017, increasing by 3.11% year-on-year. Similarly, a surge in demand from other countries like Indonesia, Bangladesh, Pakistan, etc. for leather products is further anticipated to boost the growth of leather chemicals in this region.

2.) Europe is expected to hold the second-largest share in the global leather chemicals market due to the increase in exports of leather products in this region. As per the statistics shared by the French Leather Council, one-third of the footwear and 40% of leather goods exported worldwide were from Europe. Additionally, it also reported that countries like Italy and France are the major contributors to the growth of this industry.

3.) According to it, French exports accounted for 5% of global exports in 2018, allowing France to maintain its ranking as the global leather sector’s fourth-largest exporter, following China (33.2%), Italy (11.9%), and Vietnam (11.5%). France holds the fifth position in the world rankings for exports of leather clothing and accessories (5.6% of global exports), behind China, Italy, India, and Pakistan. The European sales of leathers and rawhides represented 45% of global exports: with domestic sales in Europe accounting for 38%.

4.) Furthermore, the booming fashion and apparel industry in this region is also boosting the demand for leather chemicals as the demand for luxurious leather is increasing among the population. As per the data shared by the National Investment Promotion and Facilitation Agency (INVEST INDIA), the world's textile and apparel trade stood at USD 823 billion in 2018 and has grown at a CAGR of 4%. Also, the current market size of the global apparel market is estimated at USD 1.9 trillion, which is forecasted to grow to USD 2.6 trillion at a CAGR of 5%. Europe is anticipated to dominate other regions by having the largest market share of 23% in 2018 with USD 427 trillion market value, which is expected to grow to 458 USD trillion by 2025.

Key Developments
Lanxess, a German-based specialty chemical company, displayed its wide range of leather chemicals at the India International Leather Fair (IILF) in Chennai in the year 2020. The extensive portfolio for manufacturing leather for shoes, clothing, furniture, and the automotive industry comprised mineral and synthetic tanning agents, preservatives, retaining agents, and fatliquoring agents. This is expected to enhance the customer base and increase the profit ratio.

Lanxess expanded its portfolio for the leather industry with the addition of HYDRHOLAC CL-20 Emulsion and OPTI-MATT AD-20 Duller in May 2017.

Buy Full Report with Detail Analysis with COVID-19 Impact – https://straitsresearch.com/buy-now/leather-chemicals-market/global/

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs.

This release was published on openPR.