Report

Leather Chemicals Market Size, Share & Trends Analysis - Global Opportunity Analysis and Industry Forecast 2030

  • Publish Date: Jun,2022
  • Report ID: QI038
  • Page : 200
  • Report Type : PDF (Email)
The global leather chemicals market size was US$ 8.1 billion in 2021. The global leather chemicals market is forecast to grow to US$ 14.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2022 to 2030.
Leather chemicals are a type of product that is used to treat animal hides before they are turned into leather. Various stages of leather processing use chemicals, such as tearing, tanning, and finishing, grease and water repellants, and drum dyeing. When deformed, they are frequently defined as alloys that return to their original shape.

Factors Influencing the Market
Leather chemicals find a wide range of applications across various end-use industries, such as footwear, furniture, automotive, textile, etc. These industries will primarily drive the demand for leather chemicals during the forecast period.
The industry is expected to witness several growth opportunities due to the rapidly growing textiles industry. In addition, the increasing purchasing power of consumers, combined with the rising global population, will benefit the leather chemicals market during the forecast period.
Fast-changing fashion and regular innovation will also surge the demand for pleasing apparel and shoes. As a result, it will contribute to the growth of the global leather chemicals market. On the flip side, the negative impact of chrome-tanned leather on the environment will drive the leather chemicals market forward.

COVID-19 Impact Analysis
Due to the COVID-19 outbreak, the demand for leather chemicals decreased drastically. It is majorly attributed to the suspension of industrial activity and weak consumer purchasing power. In addition, the government imposed lockdowns and forced the retailers to close their doors. Thus, store closures and depletion of consumer incomes further hampered the growth of the market.

Regional Analysis
The Asia-Pacific leather chemicals market is forecast to hold the highest market share. India is expected to emerge as one of the prominent leaders in the automotive industry, which will drive the demand for leather chemicals in the coming years. Furthermore, China is the leading producer of pigskin, which is a substantial raw material for making leather products. As a result, it will drive the growth of the leather chemicals market. The growth of the market is also driven by the low labor costs and the presence of large numbers of medium and small tanneries. Further, the large population of the region will escalate the growth of the leather chemicals market during the study period.

Competitors in the Market
Lanxess AG
Clariant AG
Solvay
Arkema SA
Eastman Chemical Company
Evonik Industries AG
Evonik Industries AG
Stahl Holdings B.V.
Elementis PLC
Indofil Industries Limited
Other Prominent Players

Market Segmentation
The global leather chemicals market segmentation focuses on Chemicals, End-User, and region.
By Chemicals Type
Tanning & Dyeing Chemicals
Beam House Chemicals
Finishing Chemicals
By End-User
Footwear
Furniture
Automotive
Textile & Fashion
Others
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
Rest of South America