The growth of the leather chemicals market is directly proportionate
to the development of the automotive and footwear industries, states
Transparency Market Research in its latest report. The report, titled
“Leather Chemicals Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2014 - 2020”, indicates that recording
a 6.1% CAGR during the forecast period, the global leather chemicals
market is anticipated to rise from US$5.43 billion in 2013 to US$8.19
billion by 2020.Leather chemicals are used in different stages of
leather production and help enhance features such as water
resistance, appearance, flexibility, and heat resistance.
Get
PDF Brochure for more Professional and Technical insights :
The rapidly developing footwear and automotive markets around the
world are the primary forces driving the growth of the leather
chemicals market. The introduction of less harmful chemical
substitutes holds significant potential for growth, according to the
report. However, strict environmental regulations may restrain the
leather chemicals market over the course of the forecast period.
On the basis of product, the market for leather chemicals is divided
into beamhouse chemicals, tanning and dyeing chemicals, and finishing
chemicals. Tanning and dyeing chemicals held the largest share of the
leather chemicals market in 2013, accounting for a 40% share of the
overall market. Chemicals such as cyanides, calcium hydroxide, and
amines are used to protect leather from decomposing and it also
increases the durability of the material.
With surging demand for leather products such as garments and
handbags from the emerging economies of Brazil, India, and China, the
market for leather tanning and dyeing chemicals is bound to
grow.Beamhouse operation chemicals such as swell regulating agents,
biocides, chromium sulfate, soda ash, and formic acid are used in the
process of leather production. As the demand for leather from end-use
industries such as apparel, footwear, and automotive increases, so
does the demand for beamhouse chemicals.
Geographically, the leather chemicals market is segmented into North
America, Europe, Asia Pacific, and Rest of the World. In 2013, Asia
Pacific dominated the global leather chemicals market, followed by
Europe, with a 40% share in terms of volume. Growth in footwear and
automotive industries in APAC has been the primary factor boosting
the leather chemicals market in the region. In addition, leading
manufacturers of leather chemicals have been focused on expanding
production capacity in Asia Pacific owing to increased demand, rise
in disposable income, and recent economic growth. This is sure to
fuel the development of the leather chemicals market in this region.
Browse
Market Research Report with ToC & Analysis :
Europe has several tanneries that engage in the processing of raw
leather. This, coupled with the rise in demand for leather chemical
products is estimated to boost the European market by 2020.The
prominent players operating in the global leather chemicals market
include Wei Tai Leather Co. Ltd., Clariant International Ltd., BASF
SE, Rock Chemie Co., DyStar Singapore Pte Ltd., Bayer AG, Stahl
Holdings b.v., Elementis plc, Schill + Seilacher GmbH, TFL
Ledertechnik Gmbh & Co. KG, Heim Leather Chem. Gmbh, and Lanxess
AG.
Leather
Chemicals Market - Product Segment Analysis
- Tanning and dyeing chemicals
- Beamhouse chemicals
- Finishing chemicals
Leather
Chemicals Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment