Leather Chemicals Market Size is Expected to Hit US$ 11.89 Billion at a CAGR of 6.20% by 2027 - Report by IMARC Group

Leather Chemicals Market Overview :

The latest research study "Leather Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global leather chemicals market reached a value of US$ 8.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.89 Billion by 2027 exhibiting a CAGR of 6.20% during 2022-2027.

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Leather chemicals refer to specialty chemicals used in various stages of leather manufacturing for tanning, dyeing, and finishing. Some commonly used leather chemicals include chromium sulfates, mineral salts, animal oils, surfactants, degreasers, biocides, vegetable tannin, formic acid, aldehydes, salts, resins, and dyes. They provide the leather with desired properties, such as color, texture, softness, toughness, water resistance, and fullness. As a result, leather chemicals find extensive applications in the leather industry across the globe as they help in processing raw animal hides into finished products.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Leather Chemicals Market Trends and Drivers:

The global leather chemicals market is primarily driven by the rapid expansion in the leather industry. Moreover, the surging adoption of leather chemicals, including polymers, fat liquors, and dyeing auxiliaries, for producing automobile interiors and upholstery is positively influencing the market growth. Apart from this, the rising demand for premium leather clothing and footwear is propelling market growth.

Additionally, the shifting consumer preferences toward product aesthetics, especially among the younger generation, has augmented product demand. Besides this, the rising sales of luxury leather goods, including wallets, handbags, and other accessories, have catalyzed market growth. Furthermore, several key players are introducing green and bio-based leather chemicals manufactured using renewable and eco-friendly materials that help reduce the carbon footprint and provide excellent leather performance.

In line with this, the increasing awareness about the harmful effects of synthetic chemicals on the environment is contributing to market growth. Other factors, including easy availability of raw materials, the surging popularity of fast fashion, inflating consumer disposable incomes, and rapid urbanization, are also anticipated to drive the market further.

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Global Leather Chemicals Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Leather Chemicals Companies:

Abhilash Chemicals and Pharmaceuticals Pvt Ltd, BASF SE, DuPont de Nemours Inc., DyStar Singapore Pte Ltd (Zhejiang Longsheng Group and Kiri Industries Limited (KIL)), Eastman Chemical Company, Indofil Industries Limited, Lanxess AG, Pidilite Industries Limited, Schill + Seilacher GmbH, Stahl Holdings B.V., TFL Ledertechnik GmbH and Zschimmer & Schwarz Chemie GmbH.

The report has segmented the market on the basis of region, chemicals type, product and end user.

Breakup by Chemicals Type:
• Tanning and Dyeing Chemicals
• Beam House Chemicals
• Finishing Chemicals

Breakup by Product:
• Biocides
• Surfactants
• Chromium Sulfate
• Polyurethane Resins
• Sodium Bicarbonate
• Others

Breakup by End User:
• Footwear
• Furniture
• Automotive
• Textile
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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