Leather Chemicals Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Leather chemicals are a class of chemical compounds that enhance leather product quality, reduce water consumption during production, and create more efficient process formulations. Leather chemicals are used in tanning, dyeing, and retaining leather during its multiple uses. These leather chemicals have different functions and come in preservatives, cleansing and wetting agents, biocides, fat liquors, and dyes.

Sizing and Forecast
The leather chemicals market size has grown strongly in recent years. It will grow from $8.87 billion in 2023 to $9.45 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growing leather goods industry, demand for high-quality leather products, fashion industry trends, urbanization and lifestyle changes, leather recycling and sustainability, increase in leather exports, quality control and consistency..

The leather chemicals market size is expected to see strong growth in the next few years. It will grow to $12.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to development of new leather types, investments in leather processing facilities, customization in leather finishes, e-commerce growth in leather retail, bio-based leather chemicals, globalization of leather supply chains.. Major trends in the forecast period include adoption of chromium-free tanning agents, leather recycling technologies, digitalization and smart manufacturing, customization and specialty chemicals, leather biotechnology:, traceability and transparency, anti-microbial leather chemicals..

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Segmentation & Regional Insights
The leather chemicals market covered in this report is segmented –

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

Asia-Pacific was the largest region in the leather chemical market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the leather chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increased demand for premium products is expected to propel the leather chemicals market. The growing economy and purchasing power of consumers have increased the demand for high-end premium products. Premium products include high-end leather for footwear, apparel, and automotive products, which use leather chemicals for tanning, dyeing, and retaining across various stages of the leather production process. This demand for high-end premium products led to an increase in demand for the production of leather chemicals. For instance, in July 2023, According to ZipDo, a Germany based media company, the luxury fashion sector is projected to achieve a market volume of $429,762 million by the year 2025. Furthermore, in 2022, the online portion of the personal luxury goods market may account for 30% of the global total. Furthermore, in the luxury automotive sector, a press release by BMW (Bayerische Motoren Werke AG), a luxury vehicle company, showed an increase in the sales of premium luxury cars with a growth of 8.4%, with sales of 2,213,795 units showing a rise of 9.1% from 2021. Therefore, the increase in sales of premium products will drive the leather chemical market.

Key Industry Players
Major companies operating in the leather chemicals market report are Stahl Holdings BV, Clariant AG, TFL Ledertechnik GmbH, Pidilite Industries Limited, 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, Lallemand Inc., Novus International Inc., A Schulman Inc., AllChem Corporation, Chemours Company, Dow Chemical Company, Hebei Yida Chemical Industry Co. Ltd., Lanxess AG, Solvay SA, Sumitomo Chemical Co. Ltd., Wacker Chemie AG

The leather chemicals market report table of contents includes:

1. Executive Summary

2. Leather Chemicals Market Characteristics

3. Leather Chemicals Market Trends And Strategies

4. Leather Chemicals Market – Macro Economic Scenario

5. Global Leather Chemicals Market Size and Growth

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31. Global Leather Chemicals Market Competitive Benchmarking

32. Global Leather Chemicals Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Leather Chemicals Market

34. Leather Chemicals Market Future Outlook and Potential Analysis

35. Appendix

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