July 25, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Leather Chemicals Market.
It was estimated prior to this unanticipated outbreak that the Leather Chemicals Market is likely to witness an impressive CAGR of 6.5% during the forecast period. Growing automobile industry, increasing penetration of luxury cars, changing fashion trends, and growing adoption of high-end upholstery leather in luxury cars are some of the key factors expected to drive the growth of the market during the forecast period.
Market Scope & Segmentation
Leather chemicals basically include various chemicals which act as a fundamental modifier, responsible for providing texture, color, and pattern to the final products which are further used in various end-user industries such as footwear, furniture, automobile, and garments.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the product type, the market is segmented as beamhouse chemicals, tanning, dyeing, and finishing chemicals. Tanning is further segmented as chrome and non-chrome, out of which, non-chrome is estimated to witness significant growth in the market during the forecast period on account of growing environmental awareness regarding metal-free tanning and increasing government regulations acting upon it.
Based on the end-user industry type, the market is segmented as footwear, furniture, automobile, garments, gloves, and others. The garments industry is estimated to register high growth rate in the market on account of growing adoption of leather attires as insulating apparels, in order to increase the safety level of consumers. In addition, automobile is estimated to be the fastest-growing segment of the market on account of rising adoption of high-end upholstery in luxury cars, fueling the segment’s growth during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the leading region in the leather chemicals market during the forecast period on account of the presence of multiple leather processing units and tanneries coupled with easy availability of labor, land, and raw materials in the regional market. On the other hand, Europe is also estimated to account for a significant share of the market owing to the increase in exports. North America is also expected to offer substantial growth opportunities over the forecast period.
Key players operating in the global Leather Chemicals market are-
- Asahi Kasei Corporation
- Clariant AG
- DuPont de Nemours, Inc.
- Eastman Chemical Company
- Elementis PLC
- Evonik Industries AG
- Saudi Basic Industries Corporation
- Stahl Holdings B.V.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Leather Chemicals analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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