Global Leather Chemicals Market By Overview
Leather Chemicals Market accounted for USD 7.91 Billion in 2020 and is estimated to be USD 14.24 Billion by 2030 and is anticipated to register a CAGR of 6.1%.
Leather is mainly produced by three sub-processes such as preparatory, tanning, and crusting. These processes required several chemicals such as formic acid, chromium, mercury hydrogen sulfide, and aldehydes. Majority of leather is tanned with chromium. The leather tanning process maintains the physical properties of leather and assist to preserving its softness and weather resistance properties as well. Chemical processes help leather, to make heat and water resistant and insensitive to environmental wear and tear and also prevents pigmentation.
Global Leather Chemicals Market By Drivers & Restraints
Rising demand for leather products
Rising demand for leather products in footwear and apparels industries are creating demand for leather chemicals and in turn driving growth of the global leather chemicals market. In addition, rising demand for leather from automotive and aviation sectors to provide aesthetic value to interiors are major factor expected to propel growth of the global leather chemicals market in the near future.
Rising per capita income of individuals
Furthermore, rising per capita income of individuals and growth in tourism industry are leading to increase in the demand of leather goods items which is supporting growth of the target market. Moreover, continuous changing fashion trends and increasing the consumer awareness level about various luxury products is fuelling the leather goods market which is indirectly supporting growth of the global leather chemicals market. However, health hazards such as kidney and liver damage, respiratory disorders, weakened immune systems and lung cancer caused by exposure to chromium is a major factor hampering growth of the global leather chemicals market.
High investment
High investment focusing to develop substitute chemicals and eco-friendly leather production solutions is expected to create lucrative opportunities for the players in the global leather chemicals market over the forecast period
Global Leather Chemicals Market By Segmentations & Regional Insights
The leather chemicals market on the basis of type, application, and region. On the basis of type, the global leather chemicals market is segmented into wet-end leather and leather finishing. On the basis of application, the global market is segmented into footwear, furniture, and automotive. In application segment, the footwear segment is accounted for major revenue share in 2018 due to increasing trend, changing lifestyle, living standard, and increasing disposable income in the emerging economies.
Regional Insights:
For detailed understanding of market dynamics, the global leather chemicals market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. The market in Asia Pacific is expected to account for major revenue share in global leather chemicals market, in 2018, followed by markets in other region. Textile industry in the region has witnessed an increase in demand for leather, owing to the rapid population expansion. This is attributed to presence of well established leather chemicals industry in the country in the region. Rising demand for leather and growing automotive sector in the region, particularly in countries such as India and China are major factors expected to support growth of the Asia Pacific market over the forecast period. North America leather chemicals market accounted for second-highest market share in the global market followed by Europe, in 2018.
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2030 |
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
Market Segmentation |
By Type- Wet-End Leather and Leather Finishing By Application- Footwear, Furniture, and Automotive |
Regional scope |
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 |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Detailed Segmentation:
Leather Chemicals Market, By Type:
- Wet-End Leather
- Leather Finishing
Leather Chemicals Market, By Application:
- Footwear
- Automotive
- Furniture
Leather Chemicals Market, By Region:
- North America
- Africa
- Africa Leather Chemicals Market, By Type
- Africa Leather Chemicals Market, By Application
- Africa Leather Chemicals Market, By Country
- North Africa
- Central Africa
- South Africa
- Middle East
- Middle East Leather Chemicals Market, By Type
- Middle East Leather Chemicals Market, By Application
- Middle East Leather Chemicals Market, By Country
- GCC
- Israel
- Rest of Middle East
- Latin America
- Latin America Leather Chemicals Market, By Type
- Latin America Leather Chemicals Market, By Application
- Latin America Leather Chemicals Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia-Pacific
- Asia-Pacific Leather Chemicals Market, By Type
- Asia-Pacific Leather Chemicals Market, By Application
- Asia-Pacific Leather Chemicals Market, By Country
- China
- India
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Leather Chemicals Market, By Type
- Europe Leather Chemicals Market, By Application
- Europe Leather Chemicals Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Leather Chemicals Market, By Type
- North America Leather Chemicals Market, By Application
- North America Leather Chemicals Market, By Country
- U.S.
- Canada
- Africa
Global Leather Chemicals Market By Competitive Landscape & Key Players
Some of the prominent players operating in the leather chemicals market include 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, and Pidilite Industries Limited. Technological advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global leather chemicals market.
Global Leather Chemicals Market By Company Profile
- BASF SE.
- Pidilite Industries Limited
- Knox Lawrence International LLC
- Dystar Singapore Pte Ltd
- Heim Leather Chem GmbH
- Clariant International Ltd.
- Bayer AG
- Lanxess AG
- Stahl International BV
- TFL Ledertechnik GmbH & Co.KG
Global Leather Chemicals Market By Highlights
FAQs
Leather Chemicals Market is segmented on basis of by type, by application, and region.
The demand for finishing chemicals is expected to foster the growth of market.
Asia Pacific is expected to dominate the market, owing to several technological developments.
Some of the prominent players operating in the leather chemicals market include 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, and Pidilite Industries Limited.