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Leather Chemicals Market Share

Report ID: GMI1526
Published Date: Dec 2019
Report Format: PDF

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Leather Chemicals Market Share

Leather chemicals market players are engaged in gaining strategic long-term contracts and agreements to strengthen their market share. For instance, in August 2019, Brother’s enterprises of China announced acquisition of LANXESS’s Chrome chemical business. Further, in October 2017 Stahl group announced acquisition of BASF’s leather chemical business.

Some service providers are incorporating research to provide sustainability in leather tanning process. For instance, in 2014, Lanxess announced new line of water based pigment solution X-pigment for leather finishing. This chemical feature improved light fastness, migration resistance, and exact dosing properties.

Leading market players analyzed in the research include:

Elementis
Clariant
Dupont
Eastman Chemical Company
Solvay
Evonik Industries
Arkema
SABIC.

The report also analyzes key strategies adopted by them including mergers & acquisitions, partnerships, collaborations, and others to gain strong position in the leather chemicals market.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The global cleather chemicals industry is expected to achieve $11.42 billion by 2026 and is poised to record over 6.6% CAGR.

Changing fashion trends and dominating fast fashion industry, increasing domestic household income and demand for garments, increasing presence of major garment manufacturers and designers, lower manufacturing costs & huge potential leather industry along with improving economic conditions and political stability are the major factors expected to drive the market.

Based on end-use industry, garment segment held the largest share in 2018 and is anticipated to exhibit remarkable growth rate during the forecast period.

Elementis, Clariant, Dupont, Eastman Chemical Company, Solvay, Evonik Industries, Arkema, and SABIC are the top contributors in the industry.