Leather Chemicals Market Analysis

Leather Chemicals Market Analysis

Non-chrome tanning chemicals and processes will witness strong growth in leather chemicals market, owing to increasing government regulations pertaining to potential releases to the environment. The manufacturers are embracing non-chrome metal tanning processes and are extending operations to support environmental cause. For instance, in September 2016, Kering, Yves Saint Laurent, Balenciaga and other luxury brands announced extension of metal-free tanning process to crocodilian skins. The chrome segment leads the leather chemicals industry size high degree of thermal resistance and superior appearance.
 

Silicon based leather chemicals is gaining traction owing to its compatibility with major class of organic and inorganic solvents. The silicon solution imparts durability, flexibility, abrasion resistance and water repellence. Leather finishing includes the utilization of series of coatings on the leather surface. These coatings are designed to protect leather, enhance aesthetics and comfort of the garments. Various mechanical operations are utilized to obtain the desired effect on the clothing. Hydraulic presses, vacuum driers, automatic spray applicators and embossing machines are some of the major machines used in the finishing process.
 

Garments segment will witness promising gains of 7.3% CAGR over the forecast timeframe, owing to an increase in adoption of leather attires as insulating and safety apparels. The leather garments have emerged as primary cold-weather outer-wear in regions experiencing extreme cold conditions. This is surging the clothing production and export across the globe. The demand for the products depends largely on consumers’ disposable income, urban population growth and willingness of consumer to spend money.
 

The automotive segment will witness highest growth over the leather chemicals market study during owing to rapid adoption of high-end upholstery leather in luxury cars. Rising penetration of luxury cars across the glove will positively influence the industry expansion. The automotive interior product suppliers are providing accessories with unique tan, texture and colors to attract consumers. Further, the introduction of corrected-grain leathers to match with other materials will enhance the segment penetration.
 

Asia Pacific leads the leather chemicals market share owing to presence of multiple leather processing units and tanneries. The region is witnessing continuous shift of processing units with the availability of cost-competitive labor, land, and raw material. For instance, in May 2018, Creative Performance Leather announced an investment of over USD 3.5 Million for production line in Samutprakarn Province, Bangkok. Substantial leather production in India and China coupled with increasing customer base for leather products is propelling the demand for leather chemicals.
 

In 2018, Europe accounted for around 25% share the in the leather chemicals market growth owing to increasing exports. Presence of small to medium scale tanneries are major contributor in boosting countries regional and international exports. Countries including Italy and France are amongst the largest producer of bovine leather and are popular for renowned and meticulous leather manufacturing and tanning techniques. Europe retains a considerable proportion of chemical manufacturers and has a sizeable automobile industry that further compliments the industry expansion.