About Leather Specialty Chemical
To improve water resistance, look, flexibility, or heat resistance, leather chemicals are used at many phases of the leather manufacturing process, including beam house, tanning and finishing, and drum dyeing. Growing consumer wealth, rapidly changing fashion trends, expansion in the tourist sector, and increased consumer knowledge of luxury items are the major drivers driving up demand for different leather-made products such as apparel, footwear, garments, furniture, and vehicles. The Asia Pacific is the largest market for leather specialty chemicals followed by North America due to the large population of the regions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TFL Ledertechnik GmbH (Germany), Buckman (United States), Stahl Group (Germany), Lanxess AG (Germany), Stahl International BV (The Netherlands), Bayer AG (Germany), Clariant International Ltd. (Switzerland), Schill & Seilacher GmbH (Germany), DyStar Singapore Pte Ltd (Singapore) and Elementis plc (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Leather Specialty Chemical market by Type (Tanning & Dyeing, Beamhouse Chemicals and Finishing Chemicals), Application (Footwear, Furniture, Auto, Garments, Gloves and Others) and Region.
On the basis of geography, the market of Leather Specialty Chemical has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Leather Specialty Chemical market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Biocides will boost the Leather Specialty Chemical market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trend Of Various Fashions of Leather Garments
Market Growth Drivers:
Need Of Leather Specialty Chemicals at Various Stages of Leather Production, Growing Consumption of Leather Based Products and Need Of Leather Specialty Chemicals for Short Term Preservation of Leather
Challenges:
Some Of the Leather Specialty Chemical May Not Environmentally Friendly and Artificial Alternatives Are Available for The Leather Based Products
Restraints:
Stringent Government Regulations About Leather Specialty Chemical
Opportunities:
Rise Of Automotive Industry Will Increase the Demand of Leather Specialty Chemicals, Growing and Increasing Demand for Sustainable Leather Specialty Chemicals
Market Leaders and their expansionary development strategies
On 1st June 2021, Specialty chemicals company LANXESS completed the sale of its organic leather chemicals business to TFL Ledertechnik GmbH. TFL is a global supplier of leather chemicals and a portfolio company of US investment firm Black Diamond Capital Management, L.L.C. All relevant antitrust authorities have granted the necessary approvals for the transaction, which was announced in August 2020.
In October 2023, DyTan, the new process combines innovations from Archroma and Trumpler to offer an alternative to existing metal-free and chrome-tanned leather. It enables the reliable production of leather with impeccable shavability, excellent color depth and outstanding migration and abrasion resistance. Free from metal salts and reactive aldehydes, DyTan® is suitable for a wide range of leather applications, from garment and footwear to automotive and furniture upholstery, for today’s eco-conscious leather producers and consumers.
According to European REACH regulations, the European tanner who purchases a chemical from a European supplier will be expected to inform the chemical supplier of the chemical's intended use in order to develop a valid, risk-based exposure scenario for the specified application. The EU chemical maker or importer is responsible for the REACH registration of a chemical substance and the significant expenses connected with it. Tanners will only be actively involved in the registration procedure if they are importing chemicals into the EU.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Leather Specialty Chemical Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.