Leather Chemicals Market Share, Size, Forecast & Trends 2024-2032
The latest report by IMARC Group, titled “Leather Chemicals Market Report by Chemicals Type (Tanning and Dyeing Chemicals, Beam House Chemicals, Finishing Chemicals), Product (Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, Sodium Bicarbonate, and Others), End User (Footwear, Furniture, Automotive, Textile, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the leather chemicals market share. The global market size reached US$ 9.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.
Factors Affecting the Growth of the Leather Chemicals Industry:
- Growing Demand for Leather Products:
The increasing demand for leather products, including footwear, apparel, handbags, and accessories, is propelling the growth of the market. The preference for the elegance, durability, and luxury associated with leather is catalyzing the demand for these products. Economic growth in various regions, particularly in emerging economies, is resulting in higher disposable incomes. As the purchasing power of people is increasing, they are more inclined to invest in leather goods. The fashion industry also plays a crucial role in propelling the demand for leather products. Designers often incorporate leather into their collections, and consumers frequently follow fashion trends, driving the need for quality leather and leather chemicals.
- Industrialization and Urbanization:
As industrialization and urbanization are rising, there is an increase in the disposable income of the urban population. With higher incomes, people are more likely to afford leather products, such as footwear, apparel, and accessories, leading to greater demand for leather and leather chemicals. Urban areas attract a large and concentrated population. This demographic shift results in a higher demand for leather products due to the fashion of urban lifestyle and comfort preferences. In addition, urban areas are hubs for retail and fashion establishments. The presence of malls, boutiques, and fashion retailers in cities is driving the sales of leather goods, catalyzing the demand for leather chemicals.
- Technological Advancements:
Ongoing research and development (R&D) activities are resulting in the creation of innovative leather chemical formulations. These formulations enhance various aspects of leather production, including softness, texture, color fastness, and durability, meeting evolving consumer demands. Innovations are leading to the development of environment-friendly leather chemicals. These sustainable solutions reduce the environmental impact of leather processing, aligning with global sustainability goals and regulatory requirements.
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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.
- 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
- Zschimmer & Schwarz Chemie GmbH.
Leather Chemicals Market Report Segmentation:
By Chemicals Type:
- Tanning and Dyeing Chemicals
- Beam House Chemicals
- Finishing Chemicals
Tanning and dyeing chemicals represent the largest segment due to their essential role in transforming raw hides and skins into leather, a fundamental step in the leather production process.
By Product:
- Biocides
- Surfactants
- Chromium Sulfate
- Polyurethane Resins
- Sodium Bicarbonate
- Others
Polyurethane resins account for the majority of the market share owing to their versatility and widespread use in various leather applications, including footwear, upholstery, and automotive interiors.
By End User:
- Footwear
- Furniture
- Automotive
- Textile
- Others
Footwear holds the biggest market share as it is one of the most significant segments of the leather industry, with consumers preferring leather shoes and boots.
Regional Insights:
- 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
Asia Pacific enjoys the leading position in the leather chemicals market on account of its robust manufacturing base, especially in countries like China and India, which are major producers and consumers of leather products.
Global Leather Chemicals Market Trends:
Digital technologies are used for precise design and printing on leather surfaces. This trend allows for customization, intricate patterns, and personalized branding on leather products.
Biotechnology and enzyme-based solutions are gaining traction in leather processing. These technologies enhance the biodegradability of leather chemicals, reducing the environmental footprint of the industry.
Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/leather-chemicals-market
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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