The leather chemicals market size is anticipated to experience substantial growth during the forecast period. Leather chemicals are used for dyeing, tanning, and finishing at different stages of leather manufacturing. The most commonly used chemicals include animal oils, mineral salts, degreasers, vegetable tannins, formic acid, biocides, surfactants, chromium sulfates, resins, sales, and dyes. These chemicals are mainly utilized to give desired properties to leather, including texture, color, softness, water resistance, durability, and fullness. The surging use of leather chemicals in the leather industry as they process raw animal hides into the finished products is driving market growth.
Fortune Business Insights™ mentions this in a report titled, “Leather Chemicals Market, 2024-2032.”
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COVID-19 Impact
Decreased Demand for Leather Chemicals During Pandemic Hindered Market Growth
The market was negatively impacted by the COVID-19 pandemic. The decreased demand for leather chemicals during the pandemic hindered market expansion. The pandemic also decreased the use of chemicals for the production of leather, further impacting the market growth.
Segments
On the basis of type, the market is classified into tanning and dyeing chemicals, beam house chemicals, finishing chemicals, and others.
Based on end-user, the market is segmented into footwear, furniture, automotive, textile, and others.
Geographically, the market is analyzed across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Report Coverage
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of prominent market competitors.
- Key strategies adopted by the market players.
- The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints
Surging Demand from Different End-Use Industries to Drive Market Growth
The leather chemicals market growth is surging due to the increasing demand from the different end-use industries, including the automotive and footwear industries. The market is also propelled by the rising use of leather chemicals in the interiors of the automotive industry. The growing population in China and India is raising the demand for footwear, boosting the adoption of these chemicals. The increasing focus of key players on developing value-added products to maintain competitiveness also augments market expansion.
However, the growing use of tanned leathers that produce wastewater containing chromium and sulfides may restrain market expansion.
Regional Insights
Rising Demand for Leather Footwear to Boost Market Growth in Asia Pacific
Asia Pacific is anticipated to hold a substantial leather chemicals market share during the forecast period. The growth of the region is attributed to the increasing demand for leather footwear, belts, and jackets across Asia Pacific. The surging demand from the textile industries across the Asia Pacific is anticipated to drive market growth.
North America and Europe are anticipated to witness significant growth during the projected period. The presence of strong key players in North America and Europe is driving the region’s market growth.
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Competitive Landscape
Increasing Focus of Key Players on Product Portfolio Expansion Drive Market Expansion
In terms of the competitive landscape, the increasing focus of the major players in the leather chemicals market on expanding their product portfolio to maintain a competitive edge is further propelling the market growth.
Key Industry Development
August 2022 – Texapel received a ZDHC Level 3 certification from the ZDHC for Eurofins, a leather chemical from Chem-MAP.
February 2020 – Stahl International introduced a new sustainable Stahl BeTan beam house and tanning portfolio. The Stahl BeTan beam house and tanning portfolio helps tanners create high-quality leather.
List of Key Players Present in the Report:
- Stahl International B.V. (Netherlands)
- Chemtan Company Inc. (U.S.)
- ANGUS Chemical Company (U.S.)
- Buckman (U.S.)
- Tanning Oil, S.A. (Spain)
- Elementis plc (U.K.)
- Veco Srl (Italy)
- Texapel (Spain)
- Synthopharm Chemical (India)
- Lanxess AG (Germany)
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