Leather Chemicals Market Rising With Growth In New Technology Trends Research By 2025


The global leather chemicals market size is anticipated to reach USD 11.65 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.5% during the forecast period. Increasing disposable income along with growing population in developing economies is estimated to boost the demand for consumer leather products, which in turn, can drive the leather chemicals market.
Leather chemical manufacturers have integrated their production and distribution channels for improved market accessibility. These manufacturers have to comply with regulations, acts, and guidelines published by regulatory authorities such as European Commission (EC), Environment Protection Agency (EPA), and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH).
Business activities of end users influence the financial conditions and operations of raw material suppliers as well as manufacturers to a large extent. Leather chemicals have high penetration in tanning & dyeing processes, as they include numerous operations, which consume liberal amount of chemicals.
Companies are also focused on development of a hybrid chemical system for tanning. Government regulations against the use of harmful chemicals and effluent discharge into water bodies are pushing manufacturers to invest in sustainable production. Some of the prominent companies involved in the production of leather chemicals are Stahl Holdings B.V., Lanxess AG, Elementis Plc, and Bayer AG among others.
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https://www.grandviewresearch.com/industry-analysis/leather-chemicals-market/request/rs4
Leather undergoes various processes involving the use of leather chemicals in order to make it long lasting and give it a rich appeal. The demand for these chemicals is estimated to witness growth over the coming years on account of their increasing use to improve aesthetic value, texture, and color of leather along with the use of nanoparticles and microparticles for imparting greater water and abrasion resistance as well as better finish adhesion.
Further key findings from the report suggest:
  • In terms of revenue, the biocides product segment is expected to expand at a CAGR of 7.7% over the forecast period
  • Increasing consumption of polyurethane resins in solvent free finish formulations and manufacturing synthetic leather is likely to fuel product demand over the same period
  • The processed leather market in Europe is nearly 35.0% outside community and 65.0% intra-community, indicating that Europe is a significant market for leather chemicals
  • The U.S. leather chemicals market (in terms of revenue) is poised to exceed USD 490 million by 2025
  • Europe is projected to experience considerable growth during the forecast period owing to developed standards of living and higher consumer spending capacity
  • Countries in APAC, especially India, China, and Japan, are anticipated to register remarkable growth in the coming years
  • The leather chemicals market is majorly dominated by few market players such as Stahl international B.V., Lanxess A.G, Bayer AG, Elementis, and Zschimmer & Schwarz GmbH & Co KG
The market is dominated by a relatively small number of companies with large production capacities. Companies in China hold a prominent position in the global market owing to increased export across the globe. However, stringent regulations regarding chromium usage in the U.S. and Europe are expected to restrain the growth of the market over the forecast period.
Chromium sulfate is the most extensively used chemical in tanneries. It is a majorly used component in tanning process owing to its low cost and high functionality in leather processing. Biocides generally comprise of fungicides and bactericides and find applications in numerous tannery processes.
Biocides are added to liquid chemical formulations such as casein finishes, dyes, and fat liquors. They are usually toxic and are designed to kill certain life forms. Rising need for efficient preservation of leather along with ongoing global shift from salted to fresh hides is likely to stir up the demand for biocides over the coming years. Fungicides are also extensively utilized for preservation during storage or transportation over long distances.
Further, PU resins have excellent hydrophobicity, which enables market participants to reduce their production costs. Growing inclination of consumers towards artificial leather, owing to drawbacks of genuine leather, such as texture, stickiness, and high manufacturing cost, is poised to bolster the demand for PU resins over the forecast period.
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https://www.grandviewresearch.com/press-release/global-leather-chemicals-market
Based on process type, the global leather chemicals market has been segmented into tanning & dyeing, beamhouse, and finishing. Increasing consumption of tanning & dyeing chemicals in leather making process is projected to boost their demand over the forecast period.
The demand for finishing chemicals is anticipated to increase over the forecast period on account of extensive coating applications in the leather manufacturing process. One of the major factors contributing to the rise in the demand for these chemicals is increased use of consumer products such as belts, jackets, and footwear.
Grand View Research has segmented the global leather chemicals market on the basis of product, process, end use:
Leather Chemicals Product Outlook (Revenue, USD Million, 2014 - 2025)
  • Biocides
  • Surfactants
  • Chromium Sulfate
  • Polyurethane Resins
  • Sodium Bicarbonate
  • Others
Leather Chemicals Process Outlook (Revenue, USD Million, 2014 - 2025)
  • Tanning & Dyeing
  • Beamhouse
    • Biocides
    • Surfactant
    • Sodium Sulfide
    • Formic Acid
    • Others
  • Finishing
Leather Chemicals End-Use Outlook (Revenue, USD Million, 2014 - 2025)
  • Footwear
  • Upholstery
  • Garments
  • Leather Goods
Fast changing fashion trends, increasing population, and surging demand for quality footwear are estimated to drive the market during the forecast period. Also, rising demand for luxury footwear is expected to augment the demand for finishing chemicals in the forthcoming years. Booming footwear market in Asian countries such as China, Vietnam, and India is likely to contribute to the growth of the footwear segment.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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