Leather Chemicals Market Size

Leather Chemicals Market Size

Leather Chemicals Market size is estimated to exhibit over 6.6% CAGR by 2026, from USD 6.86 billion in 2018. Development in the automobile industry, rise in the adoption of high-end upholstery leather in luxury cars and rising penetration of luxury cars are expected to boost the growth of global market. 

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Leather chemicals form an important part in leather industry and are required to process raw animal hides to obtain finished products. These are used in the process ranging from tanning chemicals, dyeing, beamhouse, and finishing. It includes multiple chemicals acting as fundamental modifiers responsible for providing color, texture, smoothness, and pattern to the final products that are further used in manufacturing of footwear, apparels, furniture, auto upholstery, and garments.
 

Rapidly changing apparel trends owing to shift in consumer expectations and innovative production techniques is leading to fast fashion thereby driving the leather chemicals market expansion. Fast fashion comprises of trend replication, production and distribution at fast pace in response to the ongoing trends. This evolution in clothing and apparel manufacturing is providing the leather chemicals industry with opportunistic scenarios. The manufacturers are introducing more iterations for the consumers in less amount of time. It has dramatically increased demand for high quality and environmentally friendly processing chemicals.