Global Leather Chemicals Market Size To Worth USD 17.37 Billion by 2033 | CAGR of 6.23%
Category: Chemicals & MaterialsGlobal Leather Chemicals Market Size To Worth USD 17.37 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Leather Chemicals Market Size is to Grow from USD 9.49 Billion in 2023 to USD 17.37 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.23% during the projected period.
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Browse key industry insights spread across 240 pages with 160 Market data tables and figures & charts from the report on the "Global Leather Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Type (Tanning and Dyeing Chemicals, Beam House Chemicals, and Finishing Chemicals), By Product (Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, and Sodium Bicarbonate), By End-User (Footwear, Furniture, Automotive, and Textile), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/leather-chemicals-market
Leather chemicals are chemical compounds used to improve the quality of leather products, reduce water usage during manufacture, and create more efficient process formulations. They are classified into three types: pre-tanning, tanning, and finishing chemicals, which are widely employed at various stages of the leather manufacturing process and serve critical roles in improving the color, texture, and quality of leather products. The automobile industry is one of the largest users of leather chemicals, which might help drive market expansion. The car sector is expanding rapidly, particularly in emerging markets, creating a demand for high-quality leather interiors. However, the potential for harmful environmental consequences from leather chemicals, as well as health issues for workers, could restrict market expansion.
Tanning and dyeing chemicals are likely to dominate the market throughout the forecast time frame.
Based on the type, the global leather chemicals market is divided into tanning and dyeing chemicals, beam house chemicals, and finishing chemicals. Among these, tanning and dyeing chemicals are likely to dominate the market throughout the forecast time frame. Tanning chemicals including chromium, vegetable, and synthetic tanning agents strengthen leather and improve its physical properties. Dyeing chemicals give leather objects desirable hues and decorative finishes, making them appropriate for a wide range of applications, including automobile, footwear, fashion, and furniture. Furthermore, the growing demand for high-quality, durable leather is driving advancements in chemical compositions that provide more effective and sustainable growth, boosting the leather chemicals market share.
The polyurethane resins segment holds the largest market share during the projection period.
Based on the product, the global leather chemicals market is divided into biocides, surfactants, chromium sulfate, polyurethane resins, and sodium bicarbonate. Among these, the polyurethane resins segment holds the largest market share during the projection period. Polyurethane resins are the most commonly used plastics in leather manufacturing, acting as a bonding agent in the retention and finishing processes, as well as to develop coating layers. Because the unique group of polyurethane resin and the peptide chain in collagen are similar, polyurethane resin-retained leathers can maintain the feel of genuine leather.
The footwear sector dominated the market over the anticipated period.
Based on the end-user, the global leather chemicals market is categorized into footwear, furniture, automotive, and textile. Among these, the footwear sector dominated the market over the anticipated period. The increased need for leather footwear, driven by rising financial resources, established fashion trends, and an increasing number of outdoor and sporting events, is pushing up demand for leather chemicals. They improve the aesthetics and functional features of footwear, making it more resistant to wear and tear while maintaining a luxurious appearance and feel.
Asia-Pacific is having the biggest share of the global leather chemicals market over the forecast period.
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Asia-Pacific is having the biggest share of the global leather chemicals market over the forecast period. Asia Pacific had the largest consumer base for leather chemicals due to its significant leather-producing sectors. Furthermore, the presence of major producers and exporters of leather products, such as footwear, clothing, and devices that require the use of leather chemicals, is fuelling market growth. Aside from that, the region's expanding automobile and furniture industries are increasing demand for high-quality leather, boosting leather chemicals sales.
Europe is predicted to grow fastest pace throughout the forecast period. Strong global market ties, increased R&D efforts to manufacture low-cost leather chemicals, and an influx of raw resources have all contributed to Italy's substantial market for leather products.
Major vendors in the global leather chemicals market include Lanxess AG, Pidilite Industries Limited, Schill + Seilacher GmbH, Stahl Holdings B.V, TFL Ledertechnik GmbH, Zschimmer, Schwarz Chemie GmbH, Abhilash Chemicals and Pharmaceuticals Pvt Ltd, BASF SE, DuPont de Nemours Inc, DyStar Singapore Pte Ltd, Eastman Chemical Company, Indofil Industries Limited, HARYANA leather chemicals ltd, Clariant AG, and Others.
Recent Developments
- In January 2024, Pidilite Industries Ltd. signed a strategic partnership with Syn-Bios, an Italian leader in R&D and global marketing for the leather tanning industry. Their collaboration aims to drastically alter the leather chemical landscape in South Asia.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global leather chemicals market based on the below-mentioned segments:
Global Leather Chemicals Market, By Type
- Tanning and Dyeing Chemicals
- Beam House Chemicals
- Finishing Chemicals
Global Leather Chemicals Market, By Product
- Biocides
- Surfactants
- Chromium Sulfate
- Polyurethane Resins
- Sodium Bicarbonate
Global Leather Chemicals Market, By End-User
- Footwear
- Furniture
- Automotive
- Textile
Global Leather Chemicals Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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