Leather Chemicals Market Expand Their Geographical Reach In Various Regions, Forecast 2022- 2030 in Market Research Community

Leather Chemicals Market Insights

The Leather Chemicals Market was valued at USD 7.40 Billion in 2021, and it is expected to register a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period (2022-2030). By 2030, the market is projected to be worth USD 13.10 Billion.

The leather chemicals market is a vital component of the global leather industry, which includes the production of a wide range of products such as footwear, apparel, furniture, and automotive interiors. Leather chemicals are used at various stages of leather processing to enhance the quality, durability, and visual appeal of the leather.

Application:       

The market for leather chemicals consists of four key segments: beamhouse chemicals, tanning chemicals, dyeing and printing chemicals, and finishing chemicals. Beamhouse chemicals are applied in the initial stage of leather processing to eliminate impurities, hair, and flesh from raw hides and skins. Tanning chemicals are used to transform raw hides and skins into stable and long-lasting leather by substituting the natural proteins with synthetic tanning agents. Dyeing and printing chemicals are used to add color and patterns to the leather. Finally, finishing chemicals are applied to improve the aesthetic value, water resistance, and durability of the leather.

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Region:

The global leather chemicals market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific dominates the market due to the high demand for leather products in the region, the presence of major leather manufacturing countries such as China, India, and Bangladesh, and the availability of cheap labor and raw materials. Europe is the second-largest market, followed by North America, which is expected to witness significant growth during the forecast period due to the increasing demand for luxury leather products in the region.

Segment:

The leather chemicals market is categorized based on type into chrome tanning agents, synthetic tanning agents, fatliquors, dyes and pigments, and others. The chrome tanning agents segment holds a leading position in the market, primarily due to its superior quality, cost-effectiveness, and high efficiency compared to other tanning agents. However, during the forecast period, the synthetic tanning agents segment is anticipated to register substantial growth, attributed to its eco-friendliness and the rising awareness regarding sustainable leather production.

Based on the process, the leather chemicals market is segmented into wet-end and dry-end. The wet-end process involves the use of chemicals in the initial stages of leather processing, while the dry-end process involves the use of chemicals in the finishing stages of leather processing. The wet-end process dominates the market due to its high demand for beamhouse and tanning chemicals.

Market Segment

By Type:

Biocides and Surfactant

By Product:

Product (Tanning Agents (Vegetable tanning, Chrome tanning, and Others), Finishing Agents (Polyurethane Acrylic, and Silicone), Dyeing Agent ( Water-Based and Non-Water Based), and Others

By End User:

Footwear, Furniture, Automotive, Textile and Fashion, and Others

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

Market Value:

The chrome tanning agents category currently dominates the market, followed by synthetic tanning agents, fat liquors, dyes & pigments, and other products. The wet-end process holds a larger share of the market compared to the dry-end process. The Asia-Pacific region is currently the leading market, followed by Europe and North America.

In conclusion, the leather chemicals market size is a growing industry driven by the increasing demand for leather products, the need for high-quality, durable, and eco-friendly leather, and the availability of cheap labor and raw materials in Asia Pacific. The market is segmented based on application, region, segment, and market value. The dominance of the chrome tanning agents segment, the increasing demand for sustainable leather production, and the significant growth potential in North America are expected to drive the growth of the leather chemicals market.

The study provides answers to the following key questions:  

• What type of customers buying the products and services from companies operating in the Leather Chemicals Market?

• What will be the roadmap for the product manufacturers operating in the Leather Chemicals Market for the forecast period, 2022-2030?

• What are the recent developments in the competitive landscape to look out for during the estimated period?

• What are the major trends influencing customers’ lives and their buying behaviour?

• How can brands best communicate with the customers they intend to target?

• When, where and how the customers want to use or consume the products or services?

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