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Leather Chemicals Market (By Product Type: Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, Sodium Bicarbonate, Others; By Process: Tanning & Dyeing, Beamhouse [Biocides, Surfactant, Sodium Sulfide, Formic Acid, Others], Finishing; By End Use: Footwear, Upholstery, Garments, Leather Goods) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Published : May 2020

Report ID: ARC1868

Pages : 190

Format : Leather Chemicals Market (By Product Type: Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, Sodium Bicarbonate, Others; By Process: Tanning & Dyeing, Beamhouse [Biocides, Surfactant, Sodium Sulfide, Formic Acid, Others], Finishing; By End Use: Footwear, Upholstery, Garments, Leather Goods) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global leather chemicals market is anticipated to grow at a CAGR of around 7.8% during the forecast period 2020 to 2027 and to reach around US$ 13.2 Bn by 2027.

Market Dynamics

Changing lifestyle pattern, rising demand for premium leather products such as jacket, wallet, upholstery, etc., and increasing demand for better quality foot wares among sport persons are major factors expected to drive the growth of the global leather chemicals market. Consumer are spending high on the luxury products their demand for shoes, jackets and wallets with premium leather that has better texture and color is increasing. Leather chemicals are widely used during the manufacturing in order to make the product long lasting and look rich.

Major players are focused on business expansion activities in the developing countries in order to increase the customer base which is expected to support growth of target market. Players are inclining towards developing countries in order to increase the customer base. Innovative product offerings in various shows and exhibitions will aid in attracting customer.

  • In 2020, Lanxess a German based specialty chemical company is expected to display its wide range of leather chemicals at the India International Leather Fair (IILF) in Chennai. The extensive portfolio for manufacturing leather for shoes, clothing, furniture, and the automotive industry comprises mineral and synthetic tanning agents, preservatives, retaining agents, and fat liquoring agents. This is expected to enhance the customer base and increase the profit ratio.

In addition, inclination towards merger and acquisitions in order to strengthen its position overseas and increase the profit ration is expected to augment the growth of target market.

  • In 2017, Stahl acquired BASF’s Leather Chemicals business that is spread all over Spain with 210 positions and a production. The company is taking over all activities of BASF Leather Chemicals business, which is expected to help the company to enhance its product portfolio and strengthen its position in chemical leather market.

However, factors such as stringent government regulations related to product approval and high operational cost are expected to hamper the growth of global market. Government of developing countries has imposed various rules related to environment protection and animal killing. Also consumers demand for products that are cruelty-free is challenging the adoption of leather products. In addition, availability of alternate chemicals is expected to challenge the growth of global market.

High investment for R&D activities and innovative product offerings is expected to create new opportunities for players over the forecast period.

Leather Chemicals Market Segment Analysis, 2019

The global market is segmented into product, process, and end use. The product segment is bifurcated into biocides, surfactants, chromium sulfate, polyurethane resins, sodium bicarbonate, and others. Among end use the footwear segment is expected to account for major revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share owing to high demand for premium quality shoes. In addition, presence of major players operating in the country and approach towards business development are factors expected to further support the growth of the target market in this region.

Asia Pacific is expected to witness faster growth in the near future owing to high spending capacity and demand for better quality leather products. In addition, major player’s inclination towards developing economies due to low cost labor and easy availability of raw materials is expected to support the growth of target market in this region.

Competitive Landscape

Presence of large number of players operating on regional and international level is increasing the competition. In addition, business development activities and introduction of new apps and payment system are factors further augmenting the market competition.

Report coverage

Market

 Global Leather Chemicals Market

Analysis Period

2016 – 2027

Base Year

2019

Forecast Data

2020 – 2027

Market Stratification

Product Type, Process, and End Use and Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 

The market research study on “Leather Chemicals Market (Product Type: Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, Sodium Bicarbonate, and Others; Process: Tanning & Dyeing, Beamhouse, and Finishing; End Use: Footwear, Upholstery

Garments, and Leather Goods) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global leather chemicals market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global leather chemicals market segment by product type, process, and end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global leather chemicals market size and segment markets by product type, process, and end use and geography along with the information on companies operating in the market. The leather chemicals market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report BASF SE, Schill+Seilacher Gmbh, TFL Ledertechnik Gmbh & Co.KG, Stahl International BV, Lanxess AG, Bayer AG, Clariant International Ltd. Dystar Singapore Pte Ltd., and Stahl Holdings B.V.

Market Segmentation

Market By Product Type

  • Biocides
  • Surfactants
  • Chromium Sulfate
  • Polyurethane Resins
  • Sodium Bicarbonate
  • Others

Market By Process

Tanning & Dyeing

Beamhouse

  • Biocides
  • Surfactant
  • Sodium Sulfide
  • Formic Acid
  • Others

Finishing

Market By End Use

  • Footwear
  • Upholstery
  • Garments
  • Leather Goods

Market By Region

North America

  • U.S.
  • Canada

Europe

  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Mexico
  • Brazil
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of MEA

Frequently Asked Questions

Why leather chemicals are?

Leather chemicals are widely used during the manufacturing in order to make the product long lasting and look rich.

Which major factors expected to drive the growth of the global leather chemicals market?

Changing lifestyle pattern, rising demand for premium leather products and increasing demand for better quality foot wares among sport persons are major factors expected to drive the growth of the global leather chemicals market.

How much is leather chemicals market worth?

The global leather chemicals market size is expected to reach around US$ 13.2 Bn by 2027.

How much is the CAGR of leather chemicals market ?

The global leather chemicals market is anticipated to grow at a CAGR of around 7.8% during the forecast period 2020 to 2027.

By end use which segment is expected to account for major revenue share for leather chemicals market?

Among end use the footwear segment is expected to account for major revenue share in the global market.

Which region is expected to account for major revenue share for leather chemicals market?

The market in North America is expected to account for major revenue share owing to high demand for premium quality shoes.

Which region is expected to witness faster growth for leather chemicals market?

Asia Pacific is expected to witness faster growth in the near future owing to high spending capacity and demand for better quality leather products.

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