What Does The Size and Growth Predictions for The Leather Chemicals Market Look Like?
The leather chemicals market has been showing strong growth over recent years. The market value is expected to climb from $9.38 billion in 2024 to $9.96 billion in 2025 with a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this growth include the expanding leather goods sector, rising demand for superior quality leather items, evolving fashion industry trends, urbanization, lifestyle changes, and an increase in both leather recycling and exports for sustainability.
Continuing on this growth trajectory, the leather chemicals market is predicted to reach $13.29 billion in 2029, growing at a CAGR of 7.5%. Innovations in leather types, increased investment in leather processing facilities, customization in leather finishes, and the explosive growth of e-commerce in the leather retail sector are among the factors driving this forecasted growth. Other notable influences are the globalization of leather supply chains and the adoption of bio-based leather chemicals.
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What are the Key Drivers Boosting the Leather Chemicals Market?
The rising demand for premium products is expected to influence the growth of the leather chemicals market significantly. Increasing economic strength and consumer purchasing power have led to heightened demand for high-end premium products, such as high-quality leather for footwear, apparel, and automotive products. These products require leather chemicals for tanning, dyeing, and retaining the leather throughout various stages of production.
The German media company ZipDo, for example, projects the luxury fashion sector to reach a market volume of $429,762 million by 2025. Additionally, the online portion of personal luxury goods may account for 30% of the global total by 2022. The luxury automotive sector also shows promising growth, as exemplified by BMW’s 8.4% sales growth in 2023. Such increased sales of premium goods is expected to drive market growth for leather chemicals.
Which are the Dominant Segments in the Leather Chemicals Market?
The report divides the market into various segments:
1) By Product: Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, Sodium Bicarbonate
2) By Process: Tanning And Dyeing, Beamhouse, Finishing Chemicals
3) By Application: Footwear, Upholstery, Leather Goods, Garments
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Who are the Major Players in the Leather Chemicals Market?
Stahl Holdings BV, Clariant AG, TFL Ledertechnik GmbH, Balmer Lawrie & Co. Ltd., Arkema SA, Eastman Chemical India Pvt. Ltd., Evonik Industries AG, Saudi Basic Industries Corporation, Dystar Singapore Pte Ltd., Elementis PLC, Chemtan Company Inc., Lawrence Industries Limited, Schill Seilacher GmbH, TASA Group International, Zschimmer & Schwarz Co. KG, Indofil Industries Ltd., Papertex Specialty Chemicals Pvt. Ltd., Smit & Zoon BV, BASF SE, Cargill Inc., Koninklijke DSM NV, AllChem Corporation, Chemours Company, Dow Chemical Company, Hebei Yida Chemical Industry Co. Ltd., Lanxess AG, Solvay SA, Sumitomo Chemical Co. Ltd., Wacker Chemie AG are among the key companies in the leather chemicals market.
What are the Current Trends in the Leather Chemicals Market?
The adoption of strategic partnerships is a prominent trend among major companies in the leather chemicals market. Various firms are leveraging each other’s strengths and resources to achieve mutual benefits and success. For example, in January 2024, Syn-Bios, an Italian chemical plant, partnered with Pidilite Industries Ltd., an Indian adhesive manufacturing company. This initiative broadens Pidilite’s product offerings in eco-friendly leather chemicals, meeting the growing demand in South Asia for sustainable leather products.
Which Region Is Leading the Leather Chemicals Market?
Asia-Pacific recorded the largest market share for leather chemicals in 2024 and is expected to be the fastest-growing region in the forecast period. The report also offers detailed analyses of other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Leather Chemicals Market Report 2025 Offer?
Leather chemicals enhance leather product quality, reduce water consumption during production, and create more efficient process formulations. They are used during various stages of the leather production process from tanning to dyeing and retaining. Leather chemicals come in different forms, including preservatives, cleansing and wetting agents, biocides, fat liquors, and dyes.
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