IMARC Group, a leading market research company, has recently releases report titled “Leather Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global leather chemicals market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Leather Chemicals Market?
The global leather chemicals market size reached US$ 8.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.99% during 2023-2028.
What are Leather Chemicals?
Leather chemicals are a group of chemical compounds used in the manufacturing of different leather products. They help improve the quality, durability, and appearance of leather products and enhance the properties of the leather using softening agents, waterproofing agents, and colorants. They also ensure consistent results in the leather-making process by reducing the variation in the quality and appearance of leather products. They are widely used to treat animal hides and skins and transform them into finished leather products, which are durable, flexible, and visually appealing. At present, they find extensive applications in footwear, furniture, automotive, and textile industries across the globe.
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The growing working population and widespread adoption of formal leather shoes due to their appearance and comfort represent one of the key factors catalyzing the demand for leather chemicals across the globe. In addition, leather chemicals aid in improving the adhesiveness and smoothness of leather while preventing the deterioration caused by microorganisms.
This, in confluence with the widespread adoption of leather chemicals in the textile industries, is bolstering the market growth. Besides this, the growing influence of social media, inflating disposable incomes, and shifting consumer preferences toward premium leather footwear and clothing are offering lucrative growth opportunities for key market players operating worldwide.
Furthermore, the burgeoning e-commerce sector and rising standards of living are stimulating the growth of the market around the world.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Chemicals Type:
- Tanning and Dyeing Chemicals
- Beam House Chemicals
- Finishing Chemicals
Breakup by Product:
- Chromium Sulfate
- Polyurethane Resins
- Sodium Bicarbonate
Breakup by End User:
Breakup by Region:
- 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
Who are the key players operating in the industry?
The report covers the major market players including:
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 and Zschimmer & Schwarz Chemie GmbH.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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