Leather chemicals are certain chemicals used for treating animal hides involving a number of chemical reactions in order to produce leather. These chemicals are used at different stages of leather production, starting with beamhouse operations, followed by tanning operations. The tanning process can be done by using vegetable tanning or chrome tanning. The tanning process helps in retaining the physical properties of leathers and also maintains its softness and weather resistance. The final stage is leather finishing, which makes use of finishing chemicals to convert the crust of leather into final leather, along with imparting certain properties to it like water resistance and heat resistance.
Drivers and Restraints
The leather chemicals market is growing at a significant rate, mainly because of the following factors:
- Rising demand for premium-quality leather
- Easy availability of raw materials
- Rapidly growing footwear and automotive sectors
Moreover, the global market is experiencing high growth from developing nations. However, increasing operational costs and strict environmental regulations and policies are some of the factors that may hinder the market growth. Finding safer alternatives for hazardous chemicals stands as a major challenge faced by this market.
Market Predictions
Projected to grow at a CAGR of 7.64% during the forecast period, the worldwide leather chemicals market is estimated to reach $7,963 Million by the end of 2019. Among regions, the market is dominated by Asia-Pacific, and will continue to dominate the market with 8.46% growth rate over the forecast period. The market in countries such as China, India, Brazil, and Mexico is the key revenue-generating pockets, with India and China being the fastest-growing market for leather chemicals. The reason behind this considerable growth is the rapidly growing footwear, automotive leather apparel, and leather goods industries.
Based on type, tanning & dyeing chemicals segment took up the major share of the market in 2013, in terms of volume, and this trend is expected to be seen over the forecast period as well. In terms of value, the market for finishing chemicals is the largest, and it is also projected to grow with a high CAGR between 2014 and 2019.
BASF SE (Germany), TFL Ledertechnik Gmbh & Co.KG (Germany), Stahl International BV (The Netherlands), Lanxess AG (Germany), Bayer AG (Germany) and Clariant International Ltd. (Switzerland) are the major companies operating the global market for leather chemicals.
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Research Scope
The global market for leather chemicals has been studied and analyzed by breaking it down into following segments and sub-segments:
- Type: Tanning & Dyeing Chemicals, Beamhouse Chemicals, Finishing Chemicals
- Geography: Asia-Pacific, North America, Europe, RoW
