The Global Market for Leather Chemicals is Projected to Reach US$5.4 Billion by 2022

Strong Demand and Production of Leather Goods Drives Consumption of Leather Chemicals, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Leather Chemicals market. The global market for Leather Chemicals is projected to reach US$5.4 billion by 2022, driven by the consumer preference for leather based apparel and accessories, stable automobile production trends and growing demand for leather backed upholstery and car interior detailing.

Leather production and thereby demand for leather chemicals, is primarily reliant on availability of raw materials and demand for leather products. Leather is made from animal skin, primarily bovine, which is required to undergo intensive processing to create durable and appealing finished leather. A wide range of chemicals are employed throughout the manufacturing process of leather, primarily to impart characteristics such as better water and heat resistance, enhanced flexibility and superior appearance. Raw hides and skins, from which leather is made, are essentially byproducts of the meat industry, making leather raw material and leather production dependent on meat consumption. Largely stable availability of raw material for leather and increasing demand for leather products from end-use markets such as automotive upholstery, furniture and footwear are driving demand for leather, in turn fueling growth in demand for leather chemicals. While demand for leather footwear faces challenges due to the growing popularity of alternative materials, resurgence in automobile production is benefiting growth of leather car interiors.

The growth in the leather industry is influenced by GDP growth and personal income as leather is often associated with luxury and style. Rising standards of living and rise in tourism are other factors spurring demand for leather goods such as leather footwear, gloves, garments, sports goods, upholstery, furniture etc. Technological advances are critical to growth in the leather chemicals market, given their significant impact on the environment. Tightening environmental regulations worldwide is leading to the ouster of established chemicals, spurring the need for innovative eco-friendly alternatives. Several novel chemicals have been launched in recent years that minimize hazardous emissions, reduce the leather industry’s carbon footprint and contribute towards improved industry productivity and characteristics of leather. Development of nano and micro particulates that provide better abrasion resistance are making headway into the market, doubling the market’s revenue generating potential. Novel chemicals that provide improved colors and superlative aesthetics in leather alongside other characteristics such as improved water-resistance will witness strong growth.  

As stated by the new market research report on Leather Chemicals, Asia-Pacific represents the largest market worldwide, driven by the continued shift in leather products manufacturing and tanneries to low-cost Asian countries. China leads the region in terms of production of leather and leather goods. The region also ranks as the fastest growing market worldwide, with a CAGR of 2.8% through the analysis period led by favorable economic variables, technology developments, physical infrastructure, environmental conditions, and social aspects that influence consumption of leather. Tanning & Dyeing Chemicals represents the largest market segment comprising tanning agents, dyes and fatliquors. Finishing chemicals, which involves use of specialty chemicals whose purpose is to convert leather crust into final finished leather by imparting heat and water resistance alongside other aspects as needed by end-use sectors, represents the fastest growing segment. 

Major players in the market include DyStar Singapore Pte. Ltd., Elementis plc, LANXESS AG, Schill + Seilacher GmbH & Co., Stahl Holdings BV, TFL Ledertechnik GmbH, and Zschimmer & Schwarz GmbH & Co. KG among others.

The research report titled “Leather Chemicals: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Leather Chemicals in value terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Turkey and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Latin America (Argentina, Brazil, Mexico and Rest of Latin America) and Rest of World. Process segments analyzed in the report include Beam-house Chemicals, Tanning & Dyeing Chemicals and Finishing Chemicals.

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