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Leather Chemicals Market Size

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

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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.

Leather Chemicals Market Report Attributes
Report Attribute	Details
Base Year:	2018
Leather Chemicals Market Size in 2018:	6.86 Billion (USD)
Forecast Period:	2019 to 2026
Forecast Period 2019 to 2026 CAGR:	6.6%
2026 Value Projection:	11.42 Billion (USD)
Historical Data for:	2015 to 2018
No. of Pages:	170
Tables, Charts & Figures:	206
Segments covered:	Product, End-user Industry, Region
Growth Drivers:	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 Improving economic conditions and political stability Thriving luxury goods and leather industry
Pitfalls & Challenges:	High operational cost Strict government regulations

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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.

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.