About Leather Chemicals
Leather chemicals refer to the type of chemicals used for dyeing, tanning, and retanning across various stages of the leather production process. It is a specially-formulated product, designed to impart a soft, dry feel on the leather substrate. Today sustainability and health impacts govern the types of chemicals used in leather processing and force the use of eco-friendly and highly-advanced chemicals. The surging demand for shoes and automotive will led to the growth in leather chemicals across the globe.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.9% |
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. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Leather Chemicals market throughout the forecasted period. 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.
BASF SE (Germany), Lanxess (Germany), Bayer AG (Germany), Clariant AG (Switzerland), Elementis PLC (United Kingdom), Balmer Lawrie & Co. Ltd. (India), Indofil Industries Ltd. (India), Schill & Seilacher GmbH & Co. (Germany), Zschimmer & Schwarz & Co KG (Germany) and DyStar (Singapore) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Lawrence International (United States), Stahl International BV (Netherlands), Chemtan Company (United States) and TEXAPEL (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Leather Chemicals market by Type (Tanning & Dyeing, Beam house Chemicals and Finishing Chemicals), Application (Footwear, Furniture, Automotive, Textile and Fashion and Others) and Region.
On the basis of geography, the market of Leather Chemicals 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Leather Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Customizable leather finishes
Market Growth Drivers:
Rapidly Growing Automotive and Shoes Industry Worldwide, Increase Spending Pattern Owing To Increased Disposable Income and The Rising Popularity of Trendy Jackets and Leather Wears among the Younger Population
Challenges:
Environmental impact
Restraints:
Stringent Regulations and Policies Set By REACH of Chemical Substances and The Negative Environmental and Social Impact of Leather
Opportunities:
The Emerging Demand from Developing Countries
Market Leaders and their expansionary development strategies
In September 2203, TFL and BASF announced a partnership to develop new leather finishing technologies. The partnership will focus on developing new technologies that improve the leather's durability, comfort, and sustainability.
In October 2023, Zschimmer & Schwarz,launched its new line of vegan leather finishing products. The new line, called Vegatan, is designed to provide the look and feel of real leather without using any animal products.
Key Target Audience
Leather Chemicals Manufacturers, Leather Chemicals Raw Material Suppliers, Leather Chemicals Traders/Distributors, Leather Chemicals Importer/Exporter, Regulatory & Government Bodies, End Users 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.