Leather Chemicals Market
Growth Factors of Leather Chemicals Market
The leather chemicals market size was valued at USD 9.50 billion in 2023, and the market is now projected to grow from USD 10.14 billion in 2024 to USD 16.45 billion in 2032, exhibiting a CAGR of 6.2% during the forecast period of 2024-2032.
The emergence of COVID-19 affected many spheres of industrial production worldwide. Measures taken to avoid the transmission of the virus essentially affected production plants worldwide by either cutting down on the ability to produce or shutting down completely. The leather chemicals market growth and other industries connected to manufacturing were also heavily impacted due to the interruption in the supply chain.
Consumers' awareness of comfort, luxury and quality of automobile interiors is propelling leather auto interiors forward. Customers worldwide, but mostly in Asia, went for luxurious interiors, therefore, promoting leather-clad automobiles. This trend due to improvement in the purchasing power is therefore increasing the size of the automotive leather upholstery market. Therefore, it can be deduced that the leather chemicals market share will be fostered around the world.
At the same time, the increasing consumer interest in post-treatment and sustainable leather production processes is stimulating the advancement of new green technologies in the leather chemicals sector. Customers demand products with minimum or no toxicity and better biodegradable and sustainable products from manufacturers. Some experiments have been carried out as shown by those done in Ethiopia that have illustrated how trials can achieve lower environmental influence through applied ingenuity. As the government continues to establish strict rules and regulations on sustainable processed leather, many firms will embrace environmentally friendly leather processing methods.
Comprehensive Analysis of Leather Chemicals Market
The leather chemicals market and the chemicals & advanced materials industry are increasing at an exponential level due to their market segmentation. This market expansion can also be said to offer a comprehensive regional analysis based on the normal supply and demand forces that define the bulk chemicals market. These segmentations are systematically separated based on by product type and by end-user industry. The product types include, Beamhouse Chemicals, Tanning, Dyeing, and Finishing Chemicals and the end-user industry inlcude, Foot Wear, Garment, Automobile, Furniture, Glove, and Others.
Asia Pacific market for leather chemicals was USD 3.93 billion in 2023, China remains the largest consumer and exporter of electric cars in the global market. This is attributed to China's integrated industry and the increase in the per capita disposable income. From the Asia Pacific region, India, Japan, South Korea and countries from ASEAN all contribute to the market. The primary factors that are expected to fuel the growth include availability of local raw materials, low labour costs and increased demand for leather products by consumers.
The leading market participants secure industrial prospectus and set the market and chemicals & advanced materials industry standards. These players include, Chemtan Company, Inc. (U.S.), DyStar Singapore Pte Ltd (Singapore), SCHILL+SEILACHER GMBH (Germany), Stahl Holdings B.V. (Netherlands), Pidilite Industries Limited (India), TFL Ledertechnik GmbH (Germany), Eastman Chemical Company (U.S.), TEXAPEL (Spain), Indofil Industries Limited (India) and TANNINGOIL (Spain).
In January 2024, Pidilite Industries Limited associated with Italy’s Syn-Bios where the major products were chemicals for leather tanning. Syn-Bios’s products will be sold and distributed by Pidilite in India, Bangladesh, Nepal, Sri Lanka, and Vietnam. The partnership also aims to find technical outcomes for the leather sector.
Segmentation Table
Global Leather Chemicals Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 6.2% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Product Type, End-user Industry, and Region
By Product Type - Beamhouse Chemicals
- Tanning
- Dyeing
- Finishing Chemicals
By End-user Industry - Foot Wear
- Garment
- Automobile
- Furniture
- Glove
- Others
By Region - North America (By Product Type, End-use Industry, and Country)
- U.S. (By End-use Industry)
- Canada (By End-use Industry)
- Europe (By Product Type, End-use Industry, and Country)
- Germany (By End-use Industry)
- France (By End-use Industry)
- Italy (By End-use Industry)
- Spain (By End-use Industry)
- Russia (By End-use Industry)
- Rest of Europe (By End-use Industry)
- Asia Pacific (By Product Type, End-use Industry, and Country)
- China (By End-use Industry)
- Japan (By End-use Industry)
- India (By End-use Industry)
- South Korea (By End-use Industry)
- Rest of Asia Pacific (By End-use Industry)
- Latin America (By Product Type, End-use Industry, and Country)
- Brazil (By End-use Industry)
- Mexico (By End-use Industry)
- Rest of Latin America (By End-use Industry)
- Middle East and Africa (By Product Type, End-use Industry, and Country)
- Saudi Arabia (By End-use Industry)
- Turkey (By End-use Industry)
- Rest of the Middle East & Africa (By End-use Industry)
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