Leather chemicals are substances used in the tanning of leather to give it desired properties such as flexibility, water resistance, durability and color. Leather chemicals are used to produce a wide range of leather products, from apparel to furniture and luggage.
This growth is attributed to the rising demand for leather products, such as apparel and footwear, for sustainable and eco-friendly fashion. The increasing demand for leather products from the automotive and furniture industries is further driving the growth of the leather chemicals market.
In terms of type, the fatliquors segment is expected to account for the largest market share during the forecast period. Fatliquors are used in the tanning process to make leather more flexible, improve its feel and increase its water resistance. They also help in improving dyeing and finishing processes.
In terms of region, Asia-Pacific is expected to be the largest market for leather chemicals during the forecast period. The region’s large population and rising disposable incomes are driving the growth of the leather products market in the region, which, in turn, is driving the growth of the leather chemicals market.
The global Leather Chemicals market was valued at US$ 5303.4 million in 2022 and is anticipated to reach US$ 7001.7 million by 2029, witnessing a CAGR of 4.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Leather Chemicals Market available at: https://www.themarketreports.com/report/global-leather-chemicals-market-research-report
This report aims to provide a comprehensive presentation of the global market for Leather Chemicals, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Leather Chemicals.
The key players are BASF, Lanxess, TFL, Sisecam, Dow Chemical, Stahl, Trumpler, Elementis, DyStar, Schill+Seilacher, Zschimmer & Schwarz, Brother Enterprises, Sichuan Decision Chemical, Dowell Science&Technology etc. Top 3 companies occupied about 22% market share.
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