The global Leather Chemicals Market size is anticipated to
reach USD 11.65 billion by 2025, according to a new report by Grand View
Research, Inc., progressing at a CAGR of 7.5% during the forecast period.
Increasing disposable income along with growing population in developing
economies is estimated to boost the demand for consumer leather products, which
in turn, can drive the leather chemicals market.
Leather chemical manufacturers have integrated their
production and distribution channels for improved market accessibility. These
manufacturers have to comply with regulations, acts, and guidelines published
by regulatory authorities such as European Commission (EC), Environment
Protection Agency (EPA), and Registration, Evaluation, Authorization, and
Restriction of Chemicals (REACH).
Business activities of end users influence the
financial conditions and operations of raw material suppliers as well as
manufacturers to a large extent. Leather chemicals have high penetration in
tanning & dyeing processes, as they include numerous operations, which
consume liberal amount of chemicals.
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Further key findings from the report suggest:
- In terms of revenue, the biocides product segment is expected to
expand at a CAGR of 7.7% over the forecast period
- Increasing consumption of polyurethane resins in solvent free finish
formulations and manufacturing synthetic leather is likely to fuel product
demand over the same period
- The processed leather market in Europe is nearly 35.0% outside
community and 65.0% intra-community, indicating that Europe is a
significant market for leather chemicals
- The U.S. leather chemicals market (in terms of revenue) is poised to
exceed USD 490 million by 2025
- Europe is projected to experience considerable growth during the
forecast period owing to developed standards of living and higher consumer
spending capacity
- Countries in APAC, especially India, China, and Japan, are
anticipated to register remarkable growth in the coming years
- The leather chemicals market is majorly dominated by few market
players such as Stahl international B.V., Lanxess A.G, Bayer AG,
Elementis, and Zschimmer & Schwarz GmbH & Co KG
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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