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Leather Chemicals Market Size will witness tremendous growth over the forecast timeframe

Author : Ronak Bora | Published Date : 2019-08-09 

The rising demand of leather products is likely to propel the demand of the leather chemicals market over the forecast period. The increase in per capita income of the people has stimulated the growth of the product market. Changing consumer patterns have led to an increase in demand of leather products such as belts, apparels, footwear, etc., which will accelerate the market growth. Leather chemicals are used in several end-use industries such as furniture, automobiles, garments, which will lead to a rising curve in its demand.

Rapidly changing fashion trends are also expected to trigger the demand for the product. The consumer awareness about the luxury products has led to a sprouting demand for the product. The wide use of the product for treating animal hides to produce leather is one of the key drivers for the market growth. Focus on premium quality leather textures is likely to drive the market demand.

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Leather processing industry is evolving as a major growth avenue for the overall leather market. The rising demand for high quality leather products has led to companies striving to innovate myriad chemicals to enhance finished goods. This will stimulate leather chemicals industry, which was worth USD 6 billion in 2016, is set to cross USD 10 billion, growing at a CAGR of 6% over 2017-2024. The government has also mandated certain norms for the Personal Protective Equipment Market with regards to worker safety. Since this market comprises safety equipment such as leather gloves and footwear, its development will subsequently transform the dynamics of global leather chemicals market.

Speaking of shoes, footwear applications dominated the overall leather chemicals market in 2016 with a contribution of more than 50%, and is expected to grow significantly over the years ahead, owing to enhanced consumer lifestyles, high demand for worker safety in manufacturing industries, and the rising purchasing parity of consumers. The subsequent growth of the industrial safety footwear market will also accelerate leather chemicals industry over the next few years.

Leather chemicals market size from automotive applications will witness a CAGR of 5% over 2017-2024, subject to the rising automotive sector and the high demand for fashionable, aesthetic car interiors. With the rise in the sales of personal cars across the world, the requirement for stylish seat covers and other accessories will witness an incline, which will propel leather chemicals industry from automotive applications.

The automotive sector is currently experiencing a stupendous growth across the APAC region, subject to which leather chemicals market in the Asia Pacific leather chemicals market will witness significant surge over 2017-2024. With a combined contribution of more than 40% toward APAC leather chemicals industry share, China and India are touted to be the major revenue pockets.

Browse key industry insights spread across 102 pages with 146 market data tables & 10  figures & charts from the report, “Leather Chemicals Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/leather-chemicals-market

Asia Pacific region is expected to grow at a robust pace owing to the massive production of leather in India and China. The market growth in North America is attributed to the rising demand for leather apparels and shoes. Finishing chemicals are consumed at a large scale in Europe, owing to the rise in demand of leather apparels, which is expected to boost the leather chemicals market growth.

The leather chemicals market is highly fragmented with several small scale and large scale manufacturers. The key companies operating in the business are Lanxess, Clariant, BASF SE, Bayer AG, Elementis PLC, Indofil Industries Ltd., Balmer Lawrie Co. Ltd., Zschimmer Schwarz Co KG, Schill Seilacher GmbH Co., Lawrence International, Chemtan Company, DyStar, Stahl International BV, TASA Group International, TEXAPEL, etc.

Glimpse of Table of Content (ToC)

Chapter 3.  Leather Chemicals Industry Insights

3.1.  Industry segmentation

3.2.  Industry growth landscape, 2013 - 2024

3.3.  Industry ecosystem analysis

3.3.1.    Vendor matrix

3.3.2.    Distributor channel analysis

3.4.  Industry impact forces

3.4.1.    Growth drivers

3.4.1.1.    Strong leather demand for production footwear, garments, gloves, etc.

3.4.1.2.    Robust leather demand in Asia Pacific

3.4.2.    Industry pitfalls challenges

3.4.2.1.    High operational cost

3.4.2.2.    Strict government regulations

3.5.  Growth potential analysis

3.6.  Regulatory trends

3.6.1.    U.S.

3.6.2.    Europe

3.6.3.    China

3.7.  Porter’s analysis

3.8.  Competitive landscape, 2015

3.8.1.    Strategy dashboard

3.9.  PESTEL analysis

3.10.  Regional price trends

3.10.1.   Cost structure analysis

3.10.2.   Raw material trends

Chapter 4.  Leather Chemicals Market, By Product

4.1.  Leather chemicals market share by product, 2016 2024

4.2.  Tanning dyeing

4.2.1.    Market estimates and forecasts, 2013 - 2024

4.2.2.    Market estimates and forecasts by region, 2013 – 2024

4.3.  Beamhouse chemicals

4.3.1.    Market estimates and forecasts, 2013 - 2024

4.3.2.    Market estimates and forecasts by region, 2013 – 2024

4.4.  Finishing chemicals

4.4.1.    Market estimates and forecasts, 2013 - 2024

4.4.2.    Market estimates and forecasts by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/leather-chemicals-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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