Global Leather Chemicals Market - Segmented by Product Type, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Leather Chemicals Market - Segmented by Product Type, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The leather chemicals market is expected to register a robust growth rate between 2018 and 2023. These chemicals are generally applied to hides or skins to prevent the deterioration caused by the micro-organisms, as well as to improve the texture of leather, thus, making them fit for several applications. The market is driven by its increasing demand from the automotive industry, owing to its increasing usage in automotive upholstery.

Increasing Demand from Automotive Upholstery

Automotive is one of the major sectors, where demand for leather chemicals has been on the rise. This is particularly due to their requirement in the seat covers of vehicles, these chemicals are used to stabilize the raw hide and prevent further decay and foul odor. The increasing demand for automotive vehicles from the Asia-Pacific region has significantly contributed to the growing demand for coating agents from the automotive industries in the region. With the growing demand, the increased production of automotive vehicles is driving the market in the near future.

Footwear is One of the Largest End Users

The use of leather chemicals on leather for footwear application imparts dimensional stability and tolerance to heat and mechanical action; this leather is primarily used in shoe making. Increasing sports activities have significantly boosted the market for leather chemicals globally. Since 2007, sales of athletic wear has increased by 61%, globally. Further growth is expected in the end-user segment in the years to come. Furthermore, leading footwear brands are heavily investing in R&D in the recent years. Such factors are expected to help reinvent footwear manufacturing, which, in turn, is expected to boost the market for leather chemicals, which is expected to grow during the forecast period.

China to Lead the Leather Chemicals Market

China is the largest automotive market in the world. The automotive industry in China is mainly driven by domestic market demand. China is the largest automotive market in the world. The automotive industry in China is mainly driven by domestic market demand. The footwear industry in China is enjoying its perk of being, globally, the largest producer and consumer of footwear, partly due to the largest market size and rising standard of living in the country. Additionally, the textile industry in the country has witnessed an increase in demand for leather, owing to the rapid population expansion. The demand for leather from the textile industry is expected to grow. Therefore, considering the aforementioned factors, the demand for leather chemicals is expected to increase significantly in China during the forecast period.

Major Players: BASF SE (Stahl Holdings B.V.), Bayer AG, and Clariant, Lanxess, among others.

Notable Developments in the Market

September 2017: The Dow Chemical Company and E. I. du Pont de Nemours and Company successfully completed their planned USD 130 billion merger to form DowDuPont.

Reasons to Purchase the Report

Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The end user that is expected to dominate the market
The regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
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1. Introduction
1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Intensity of Competitive Rivalry
3.3 Regulatory Policy Analysis
4. Market Dynamics
4.1 Drivers
4.1.1 Growing Footwear and Textile Industries in Asia-Pacific
4.1.2 Increasing Demand from Automotive Upholstery
4.2 Restraints
4.2.1 High Operational Costs
4.2.2 Growing Environmental Concern and Stringent Regulations
4.3 Opportunity
4.3.1 Ongoing Research to Develop Eco-friendly Products
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Share and Forecast)
5.1 By Product Type
5.1.1 Tanning & Dyeing Chemicals
5.1.2 Beamhouse Chemicals
5.1.3 Finishing Chemicals
5.2 By End-user Industry
5.2.1 Footwear
5.2.2 Furniture
5.2.3 Automobile
5.2.4 Textiles
5.2.5 Others
6. Regional Market Analysis (Market Size, Share and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 France
6.3.4 Italy
6.3.5 Spain
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
9.1 BASF SE (Stahl Holdings B.V.)
9.2 Balmer Lawrie Co. Ltd
9.3 Bayer AG
9.4 Chemtan Company
9.5 Clariant
9.6 DyStar
9.7 Elementis PLC
9.8 Indofil Industries Ltd.
9.9 Lanxess
9.10 Lawrence International
9.11 Schill Seilacher GmbH Co.
9.12 Stahl International BV
9.13 TASA Group International
9.15 Zschimmer Schwarz Co. KG
*List not exhaustive
10. Disclaimer
** Subject to availability on public domain

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