Leather Chemicals Market Size Summary
The Global Leather Chemicals Market
Size is projected to be valued at over USD 9 billion by the end of 2024 at a
CAGR of over 6% during the forecast period. The global demand for leather
chemicals is primarily driven on account of the increasing use of these
chemicals in the production of leather footwear and garments (including
clothing and industrial clothing). Furthermore, the increasing popularity of
leather in the automotive industry is estimated to provide lucrative
opportunities for the key players operating in the market during the review
period.
Competitive Analysis
The prominent players in the global Leather Chemicals Market Size
are SCHILL+SEILACHER GMBH (Germany), Stahl Holdings B.V.(Netherlands), Sisecam
Group (Turkey), Pulcra Chemicals GmbH (Germany), Lanxess (Germany), Buckman
(US), Balmer Lawrie (India), Silvateam S.p.a (Italy), TFL Ledertechnik GmbH
(Germany), DyStar Singapore Pte Ltd (Singapore), QUIMSER, S.A. (Spain), Pon
Pure Chemicals(India), and Pidilite Industries Limited (India).
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Market Segmentation
The Global Leather Chemicals Market
Size has been segregated on the basis of product type, end use, and region.
By product type, the global Leather
Chemicals Market Size has been segmented into beam-house chemicals, tanning
& retanning chemicals, fatliquors, finishing chemicals, dyeing products,
and others. The tanning & retanning chemicals segment accounted for a
majority of the market share in 2018 and is projected to be the dominant
product type segment during the forecast period. Tannning is a major process in
the leather production, wherein various chemicals including tanning agents for
the white tannage of fur skins, neutralizing agents, mineral and synthetic
retanning agents, fillers and dispersing agents, retanning agents, and defect
levelling and grain-tightening agent are used. These chemicals offer high fiber
affinity, enhance the dyeing intensity, help improve chrome uptake and uniform
color and enhance softness and luster of the leather.
On the basis of end use, the global Leather
Chemicals Market Size has been categorized into footwear, automotive, textile,
upholstery, and others. The footwear segment accounted for the largest share of
the global market owing to the extensive use of leather in footwear
manufacturing. The automotive segment is projected to register the highest CAGR
owing to the rising consumer needs for aesthetic as well as increased safety.
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