Global Leather Chemicals Market by Product (Surfactants, Sodium Bicarbonate, Polyurethane Resins, Chromium Sulfate, Biocides) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global leather chemicals market was valued at USD 7.55 Billion in 2019. It is projected to grow at a compound annual rate (CAGR of 7.3%) between 2020 and 2027. The market's growth is largely due to the increasing leather consumption in the footwear, apparel and automotive industries. There are three types of chemicals used in leather production: pre-tanning (tan), tanning (finishing chemicals). The most commonly used chemicals are chromium sulfurates, PU resins and surfactants. This will lead to a rise in leather's texture, color and aesthetic value. There are several potential dangers associated with these chemicals.

Chromium is also considered carcinogenic by nature. It can cause irritation to the lungs and could be dangerous to human health. Market growth is expected to be slowed by the above-mentioned issues. A small number of large-capacity companies dominate the market. These companies are seeking expansion strategies to capitalize on the growing market penetration for leather chemicals in footwear, automotive upholstery and home furnishing. The market is expected to continue growing over the forecast period. Companies operating in the market will likely adopt integration as a strategy of expansion.

Product Insights

In 2019, the others segment held 46.5% of the market share and is expected to continue its lead in the future. The second-largest product category in 2019 was polyurethane resins. They are expected to experience the fastest growth over the forecast period. The raw material used to make a wide range of products such as lacquers or dry coatings is polyurethane resin. These resins are used to develop organic solvent-free finishes, binders and topcoat. Because of their excellent tensile strength and flexibility, as well as their solvent resistance, PU resins can be used to make synthetic leather. As PU-based leathers are more eco-friendly than vinyl-based leathers, there is a rising demand for them. Due to the lengthy manufacturing process, PU-based Leather is more expensive than either of the other options.

The dyeing process for leather is done on a large-scale using chromium sulfate. The use of chromium salts is used to tan a large proportion of leather products, which can range from 80% to 90%. These tanning agents are used to stabilize leather by crosslinking collagen fibers. In tanning and retanning, trivalent chromium agents are widely used. Manufacturers will need to be aware that the oxidation from trivalent chromium into hexavalent chromemium can occur under certain conditions.

Sodium bicarbonate is used mainly in tanning operations as a dyeing auxiliaries cleaner buffer pretreating agent and neutralizer. Its primary function during neutralization is to increase the pH level. It is also used to neutralize acid after chromium tanning. To prepare skin and hides for tanning, they are pickedled. To maintain the pH levels, skin and hides must first be de-pickled with sodium bicarbonate before being used in vegetable tanning.

Process Insights

In 2019, tanning and dyeing chemicals made up 48.06% of the total revenue. They are expected to continue their lead in the future. Trivalent chromium, vegetable tannins and other chemicals are the most common in tanning. Because dyeing and tanyard are the main stages of leather production, they require a greater amount of chemicals. These chemicals can be used for everything from post tanning to tanning. These factors will drive demand for tanning chemicals and dyeing chemicals during the forecast period.

In 2019, the beamhouse process was second in importance. The beamhouse is the primary and most important step in tanning. It uses a lot of leather chemicals to prepare hides and skins for preservation. Beamhouse processing also includes hide trimming, skin soaking, fleshing, unhairing, and other operations. These chemicals include surfactants and degreasers as well as biocides, biocides, biocides, enzymes, formic acid, sulfuric acids, and sodium sulfide.

End-use Insights

Footwear was the largest segment in end-use and accounted for nearly 50% of all sales in 2019. The most common component in footwear manufacturing is leather. This is why the footwear industry is very fond of it. To improve the product's aesthetic appearance, the footwear industry uses a lot of finishing chemicals. The long-term outlook is positive for the demand for finishing chemicals due to the growing demand for luxury footwear.

Leather products include leather wallets, belts and bags as well as other accessories. These products require a lesser amount of leather than other end-use segments. The leather goods market is expected to see a moderate increase in product demand. Leather goods are dominated by tanning and dyeing chemicals. Finishing chemicals are also used on a large basis. The forecast period will see a rise in consumer interest in product aesthetics and a rising demand for luxury leather products.

Regional Insights

Asia Pacific was responsible for 52.0% of the total revenue in 2019, Market growth is largely due to uninterrupted raw material supply and low-cost labor. The increase in disposable income in developing countries like India and China has fueled leather demand in many end-use industries. This has aided in driving product consumption in these countries. Manufacturers such as Lanxess AG or Seaton Chemicals Ltd. are well-established in the region and can therefore address any demand-supply gaps.

Europe will see significant growth in the coming years as it continues to dominate the automotive, footwear and consumer appliance industries. Region governments are now focusing on low-cost, bio-based products that have high durability. The region is likely to see a rise in demand for bio-based and sustainably sourced leather chemicals. Export and raw materials are crucial for the European tanning industry. The market will grow in the future due to rising demand for leather chemicals used in the manufacture of footwear, furniture and automotive interiors.

Market Share Insights & Key Companies

It is competitive and fragmented with a few long-term, established players holding a significant market share. To increase production capacity and reduce costs, industry players are forming partnerships with suppliers of raw materials. Due to increased awareness from consumers about the environmental dangers associated with the use of chemicals, players are slowly turning their attention towards green chemicals. The following are some of the major players in the leather chemicals industry:

• Bayer AG

• Lanxess AG

• Elmentis Plc

• Stahl International B.V.

• Texapel

• Chemtan Company, Inc.

• Lawrence Industries Limited

• Zschimmer & Schwarz GmbH & Co KG Chemische Fabriken

Up Market Research published a new report titled “Leather Chemicals Market research report which is segmented by Product (Surfactants, Sodium Bicarbonate, Polyurethane Resins, Chromium Sulfate, Biocides), By Players/Companies Lawrence Industries Limited, Chemtan Company Inc, Stahl International BV, Elmentis Plc, Bayer AG, Lanxess AG, Zschimmer & Schwarz GmbH & Co KG Chemische Fabriken, Texapel”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Leather Chemicals Market Report Segments:

The market is segmented by Product (Surfactants, Sodium Bicarbonate, Polyurethane Resins, Chromium Sulfate, Biocides).

Leather Chemicals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Leather Chemicals Market

Overview of the regional outlook of the Leather Chemicals Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Leather Chemicals Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Leather Chemicals Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Surfactants

                2. Sodium Bicarbonate

                3. Polyurethane Resins

                4. Chromium Sulfate

                5. Biocides

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Leather Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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• Product & Brand Management
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Leather Chemicals Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.