The latest report by IMARC Group, titled “Leather Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global leather chemicals market share. The global leather chemicals market size reached US$ 9.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.

Factors Affecting the Growth of the Leather Chemicals Industry:

Growing Demand in Fashion and Automotive Industries:

Leather is synonymous with luxury and quality in the fashion industry. Its use in high-end products like jackets, shoes, bags, and accessories is a testament to its enduring appeal. Fashion trends greatly influence the demand for different types of leather and subsequently, the chemicals used in their processing. Seasonal variations and changing preferences lead to fluctuating demands in leather finishes, textures, and colors. In the automotive industry, leather is a key material for premium and luxury vehicle interiors. High-quality leather is used for seats, steering wheels, and dashboard coverings. The demand for durable, comfortable, and aesthetically pleasing leather in automobiles drives the need for specialized leather chemicals that can ensure longevity, ease of maintenance, and resistance to wear and tear.

Environmental Regulations and Sustainability:

Governments worldwide are implementing stricter environmental regulations for the leather industry. These regulations typically focus on reducing pollution, especially in tanning and dyeing processes, which are known for their high water consumption and pollution levels. Compliance with these regulations is essential for companies to avoid penalties and maintain market access. Regulations often target the reduction of harmful emissions, including volatile organic compounds (VOCs) and sulfur dioxide, which are byproducts of certain leather processing methods. This is leading to a shift towards more environment-friendly chemicals and processes.

Technological Advancements:

New technologies in tanning, such as chrome-free tanning and synthetic tanning agents, offer alternatives to traditional methods, reducing environmental impact and improving leather quality. Advanced tanning technologies also enhance the speed and efficiency of the leather processing, making it more cost-effective and environmentally friendly. The integration of automation and digital technologies in leather processing improves precision and consistency. Computer-controlled dosing systems and automated machinery ensure optimal use of chemicals, reduce waste, and enhance overall production efficiency. Technological advancements are also leading to the development of more sustainable leather chemicals. These include biodegradable and organic chemicals that minimize environmental impact.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/leather-chemicals-market/requestsample

Global Leather Chemicals Market Trends:

Leather processing produces significant amounts of solid and liquid waste. Environmental regulations are mandating the treatment of effluents to minimize the impact on water bodies. Advanced waste management technologies and effluent treatment methods are being adopted by companies to comply with these regulations. Companies in the leather chemicals market are increasingly focusing on research and development (R&D) to create advanced products that offer better quality and are compliant with environmental regulations. This focus on innovation is a key trend shaping the market landscape.

Leather Chemicals Market Report Segmentation:

By Chemicals Type:

Tanning and Dyeing Chemicals
Beam House Chemicals
Finishing Chemicals

Tanning and dyeing chemicals represent the largest segment due to their effectiveness and easy availability.

By Product:

Biocides
Surfactants
Chromium Sulfate
Polyurethane Resins
Sodium Bicarbonate
Others

Polyurethane resins accounted for the biggest market share as they impart enhanced durability to leather products.

By End User:

Footwear
Furniture
Automotive
Textile
Others

Footwear accounts for the majority of the total market share due to the rising utilization of leather for making a wide variety of shoes and boots.

Regional Insights:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Asia Pacific’s dominance in the leather chemicals market is attributed to substantial investment in research and development (R&D), leading to the production of environment friendly and efficient leather chemicals.

Competitors Landscape with Key Players:

Abhilash Chemicals and Pharmaceuticals Pvt Ltd,
BASF SE,
DuPont de Nemours Inc.,
DyStar Singapore Pte Ltd (Zhejiang Longsheng Group and Kiri Industries Limited (KIL)),
Eastman Chemical Company,
Indofil Industries Limited,
Lanxess AG,
Pidilite Industries Limited,
Schill + Seilacher GmbH,
Stahl Holdings B.V.,
TFL Ledertechnik GmbH and
Zschimmer & Schwarz Chemie GmbH.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com