Market Insights
The Leather Chemicals Market compound annual growth rate is 7.11% during the forecast period of 2022-2028 to achieve US$ 12.79 Bn in 2028 from US$ 7.85 Bn in 2021.
Growing automobile industry, increasing penetration of luxury cars, changing fashion trends, and growing adoption of high-end upholstery leather in luxury cars are some of the key factors expected to drive the growth of the market during the forecast period.
Leather Chemicals Market – Snapshot
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Growth
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6.5% for the next five years
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Major Product Type
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Tanning
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Major End-User Industry Type
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Automobile
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Region with the highest demand
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Asia-Pacific
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Key Players
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Arkema, Asahi Kasei Corporation, Clariant AG, DuPont de Nemours, Inc., Eastman Chemical Company, Elementis PLC, Evonik Industries AG, Saudi Basic Industries Corporation, Solvay, and Stahl Holdings B.V.
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Segment Analysis
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Leather Chemicals Market Share: By Product Type
Based on the product type, the market is segmented as beamhouse chemicals, tanning, dyeing, and finishing chemicals. Tanning is further segmented as chrome and non-chrome, out of which, non-chrome is estimated to witness significant growth in the market during the forecast period on account of growing environmental awareness regarding metal-free tanning and increasing government regulations acting upon it.
Leather Chemicals Market Share: By End-User Industry Type
Based on the end-user industry type, the market is segmented as footwear, furniture, automobile, garments, gloves, and others. The garments industry is estimated to register high growth rate in the market on account of growing adoption of leather attires as insulating apparels, in order to increase the safety level of consumers. In addition, automobile is estimated to be the fastest-growing segment of the market on account of rising adoption of high-end upholstery in luxury cars, fueling the segment’s growth during the forecast period.
Leather Chemicals Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the leading region in the leather chemicals market during the forecast period on account of the presence of multiple leather processing units and tanneries coupled with easy availability of labor, land, and raw materials in the regional market. On the other hand, Europe is also estimated to account for a significant share of the market owing to the increase in exports. North America is also expected to offer substantial growth opportunities over the forecast period.
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Market Scope & Segmentation
Leather chemicals basically include various chemicals which act as a fundamental modifier, responsible for providing texture, color, and pattern to the final products which are further used in various end-user industries such as footwear, furniture, automobile, and garments.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Leather Chemicals Market Research Report - Features
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Market Segmentation
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3
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The leather chemicals market is segmented into the following categories.
Leather Chemicals Market Size, Share, & Forecast, by Product Type:
- Beamhouse Chemicals
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Soaking, Liming, and Deliming & Bating)
- Tanning
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Chrome and Non-Chrome)
- Dyeing
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Water-based and Non Water-based)
- Finishing Chemicals
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Polyurethane, Acrylic, Silicone, and Others)
Leather Chemicals Market Size, Share, & Forecast, by End-User Industry Type:
- Footwear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Furniture (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automobile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Garments (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Gloves (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Leather Chemicals Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.