Leather Chemicals Market Size By Product (Tanning & Dyeing, Beamhouse Chemicals, Finishing Chemicals), By End-user (Footwear, Furniture, Automobile, Garments, Gloves), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Published Date: April 2017 | 102 Pages | Report ID: GMI1526 Report Format: PDF
Leather Chemicals Market size was more than USD 6 billion in 2016 and is estimated to witness growth over 6% over the forecast timespan.
U.S. leather chemicals market size, by end-user, 2013 - 2024 (USD Million)
Escalating leather demand across the globe for manufacturing footwear, apparels, etc. will positively influence the leather chemicals market size over the projected timeframe. The product is majorly used in leather processing in order to produce fine finished products. For instance, tanning chemicals are used to convert raw hide or skin into a stable material by avoiding further decay and diminishing fetid odor.
Rapid industrialization along with possibilities of fatal injuries in the manufacturing company has gathered attention of regulatory authorities including ILO, OSHA and NIOSH towards worker safety, particularly in the U.S. and Europe. This is lead to formulation of strict regulations towards personal protective equipment (PPE) use. PPE commonly includes safety shoes and gloves made of leather. Thus, creating growth avenues for the leather chemicals market size.
Leather processing has harmful environmental impact particularly due to high polluting chemicals used in skin tanning. For instance, processing one ton of raw hide or skin leads to production of over 20 to 80 meter cubes of wastewater, which includes substantial chromium levels ranging from 100–400 mg/L and sulfide levels ranging from 200–800 mg/L along with other solid wastes which may lead to pathogen contamination. Furthermore, high operational cost involved in leather processing via various stages such as tanning, crusting, surface coating, etc. may hamper the globe leather chemicals market share over the forecast timeframe.
Leather chemicals Market, By Product
Tanning leather chemicals market share led the overall industry and accounted roughly around 40% of the overall business size in 2016. It includes product such as low sulphide unhairing agents, sodium formate, aldehyde tanning agents, formic acid, chromium sulphate, magnesium oxide and fungicides. These chemicals are mainly used in the initial stages of leather processing in order to provide a desirable and stable material. For instance, formic acid is used to lower the pH value of skin and fungicides are used to prevent fungal growth.
Finishing leather chemicals market share is likely to exhibit gains more than 5% CAGR from 2017 to 2024. These chemicals play an essential role in the business by producing protective coatings to leather along with improving its aesthetic appearance. It also helps in covering the natural and unremovable defects from leather and provides various value added features to the final product such as smooth surface, prolonged durability, weather resistant, wear & tear resistance, etc.
Leather chemicals Market, By End-user
The global leather chemicals market share for footwear led the overall business in 2016. Increasing footwear sales across the globe on account of improving consumer lifestyle dynamics accompanied with elevating customer spending capacity is the major factor triggering the global footwear demand in the recent. Customers owing to their high spending power trend to use multiple shoes, which in turn shall promote the overall market size by 2024.
Automobile is likely to expand at over 5% CAGR over the forecast timeframe. Automobile, particularly personal vehicles are one of the major end-user of leather products. For instance, leather is used in seat covers. Thus, rapidly increasing personal car sales across the globe is likely to drive leather chemicals market share for automobiles. For instance, the global passenger car sales were approximately 69 million units in 2016 and is likely to witness growth close to 5% over the forecast period.
Leather chemicals Market, By Region
North America leather chemicals market share accounted for more than 20% of the overall industry volume in 2016. The regional growth is mainly attributed to prevalence of massive consumer base for leather products such as footwear, gloves and jackets. Leather products mainly footwear and gloves are majorly used for industrial safety applications owing to their superior resistance against cut, abrasion and impact. Thus, due to strict regulations regarding PPE use across industries in the U.S. shall complement the market size in the region.
Asia Pacific led the global leather chemicals market share in 2016. Substantial leather production in China and India along with increasing customer base for leather products is analyzed to be the prime factor propelling industry growth in the region. For instance, China and India together accounts for more than 40% of the overall leather export. This signifies ample product demand in the region to enhance features of natural leather.
Competitive Market Share
Leather chemicals market share is competitive due to existence of large, medium and small scale manufacturing companies across the globe. Key industry share contributors include BASF SE, Lanxess, Bayer AG, Clariant, Elementis PLC, Balmer Lawrie & Co. Ltd., Indofil Industries Ltd., Schill & Seilacher GmbH & Co., Zschimmer & Schwarz & Co KG, DyStar, Lawrence International, Stahl International BV, Chemtan Company, TEXAPEL and TASA Group International. Major players in the business including BASF, Clariant and Lanxess are involved in strategic mergers and acquisitions in order to achieve competitive advantage in the industry ecosystem.
Leather Chemicals Industry Background
Leather chemicals in leather processing in order to provide a desirable finished product. These chemicals are used in enhancing the smoothness, resistance against harsh climate, aesthetic appearance, etc. Increasing sales of leather products such as footwear, belts, garments, etc. will positively impact on the leather chemicals market size by 2024. In 2016, tanning leather chemicals market share led the overall industry. in the same year, Asia Pacific accounted for the major chunk of business owing to massive leather production in China and India.
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