PRESS RELEASE
Published February 28, 2023
Leather Chemicals Market, By Type (Wet-End Leather and Leather Finishing), By Application (Footwear, Furniture, and Automotive) during the period 2020-2030.
Leather chemicals refer to a range of chemical compounds used in various stages of leather processing, including beam house, tanning, dyeing, and finishing. These chemicals are essential for achieving the desired properties of leather, such as softness, durability, and water resistance.
- FORMAT: PDF
- NO OF PAGES: 167
- BASE YEAR: 2021
Leather Chemicals Market Report provides in-depth analysis on the market status of the leading manufacturers of keywords with the best facts and figures, definitions, SWOT analyses, PESTAL analyses, expert opinions, and the most recent developments worldwide. The Electronic Article Surveillance Market Report also includes a full table of contents, charts with key analysis, and analyses of the pre- and post-COVID-19 market outbreak’s effects and the situation by regions.
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Pre-COVID-19 Market Outbreak’s Effects
- Prior to the COVID-19 pandemic, the global leather chemicals market was experiencing steady growth, driven by several factors. Firstly, the demand for leather products was increasing across various industries, including automotive, furniture, and footwear, which, in turn, was driving the demand for leather chemicals. Secondly, there was growing interest in developing sustainable and eco-friendly leather chemicals, which provided new growth opportunities for companies operating in the market.
- However, the market faced challenges related to the availability and cost of raw materials used in the production of leather chemicals, as well as increasing concerns over environmental and health issues associated with the use of certain chemicals in the industry.
Post COVID-19 Market Outbreak’s Effects
- The COVID-19 pandemic has had a significant impact on the global leather chemicals market, as it has on many other industries. The pandemic led to a decline in demand for leather products as many countries implemented lockdowns, travel restrictions, and social distancing measures, which resulted in a significant reduction in consumer spending.
- However, as vaccination campaigns continue to be rolled out globally, the market is expected to rebound gradually. The growing demand for leather products, particularly in emerging economies, is likely to boost the growth of the leather chemicals market in the post-COVID-19 period.
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Key analysis
The leather chemicals market is a significant industry, with a global market size of over $7 billion in 2020. The market is expected to grow at a CAGR of around 5% during the forecast period of 2021-2026. The market can be segmented into tanning agents, dyes and pigments, surfactants, preservatives, and finishing agents. Tanning agents are the largest segment, accounting for over 40% of the market share. Asia-Pacific is the largest market for leather chemicals, accounting for over 40% of the market share. China and India are the leading countries in the region, driven by the growing demand for leather products in various industries.
Trends and Drivers of Leather Chemicals Market
- The demand for leather products has been steadily increasing over the years, driven by rising disposable incomes, changing fashion trends, and growing awareness of the durability and versatility of leather.
- This has led to an increase in demand for leather chemicals for processing and finishing. The fashion industry is one of the largest consumers of leather products, and the increasing demand for luxury goods is driving the growth of the leather chemicals market.
- The fashion industry is also increasingly adopting sustainable and eco-friendly practices, which has led to the development of new leather chemicals that are less harmful to the environment.
Regional Analysis:
- North America– U.S., Canada
- Europe– UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific– Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America– Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa– South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
The Major Key Players Listed in Leather Chemicals Market:
- BASF SE
- TFL Ledertechnik GmbH & Co.KG
- Stahl International BV
- Lanxess AG
- Bayer AG
- Clariant International Ltd.
- Heim Leather Chem GmbH
- Dystar Singapore Pte Ltd
- Knox Lawrence International LLC
- Pidilite Industries Limited.
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