Leather Chemicals Market Overview:

The global leather chemicals market is valued at USD 7,888 million in 2021. It is anticipated to grow at a CAGR of 6.9% between 2023 and 2032.

The product industry will be driven by the increasing demand for premium products and the increase in disposable income. The increased demand for premium leather products is expected to drive the product’s demand. In the past, leather demand was driven by the fast-growing upholstery industry, which is used in automobiles, furniture, and airplanes. Upholstery is durable, easy to maintain, and luxurious. It’s already available in premium brand small vehicles.

Global Leather Chemicals Market Scope:

Product Type Analysis

In 2021, the polyurethane resins segment of leather chemicals dominated and represented 22.9% of the total revenue. This is due to the increase in leather processing using polyurethane. PU resins can be used in various formulations and processing, as well as to make PU-based synthetic goods due to their outstanding tensile strength and elasticity. They are also used to create organic solvent-free finish formulations.

Hybrid acrylic polyurethane polymers have greatly facilitated the development of solvent-free finish formulations. As PU-based leather is more eco-friendly than vinyl-based, there will be increased demand for PU resins. It is, however, more costly because of the long manufacturing process.

Surfactants are expected to grow at 7.0% during the forecast period. Its increased use as a leather-making surface-active agent is responsible for increasing demand. They can be used not only as main reaction agents or emulsifiers but also as anti-electrostatic and water repellent agents. These agents can also be used to reduce oil dispersion in water. This will drive growth in the leather chemicals market.

In terms of revenue, the Chromium Sulfate Segment was worth US$ 818.0 million in 2021. It is used as a tanning agent in the leather industry. This is expected to increase the demand. It can also be used to make chrome-based dyes used in the dying process.

A large percentage of leather is tanned using chrome salts, which can be used in 80% to 90%. These tanning chemicals are used to stabilize leather by crosslinking collagen fibers. Trivalent chromium compounds are used in tanning and retention. In certain situations, the oxidation from trivalent chromium into hexavalent chromium will continue to be a challenge for leather producers.

Process Analysis

In 2021, the tanning and dyeing segment was responsible for more than 48.0% of revenue. The various operations involved in tanning and dyeing include picking, degreasing., tanning, swimming., and dyeing. Fatliquoring, drying, and retaining will all contribute to a 6.7% CAGR over the forecast period. Other processes like neutralization or bleaching are dependent on the condition of the tanned hides. They are then implemented as appropriate.

The beam house segment will see the second-largest CAGR at 6.6% in the forecast period. Its application, which includes the preparation of hides and skins for preservation, is expected to drive growth. It involves operations like wetting and soaking, liming, unhairing, deliming, and bating. The hides and skins used for such operations vary depending on the animal. These products include enzymes and degreasers and lime, sulfuric, and formic acids.

The finishing process is the final stage after drying. This includes coatings and mechanical finishing operations. You can finish leather in various ways, including buffing, spray-coating, dye treatment, pigment, resins, or lacquering with urethane.

The base, intermediate, and topcoats are the finishing coats. Surfactants and polyurethane resins are the main components and additives in this process. The demand for leather chemicals is expected to rise due to the increasing demand for premium products and a growing preference of manufacturers for aesthetic parameters.

Application Analysis

In 2021, the footwear segment was responsible for a greater than 49.9% revenue share. This is due to an increase in leather demand used in the manufacture of footwear. The essential components of footwear are leather, rubber, plastic, and textile. It can be used for leather finishing, tanning, and dying. These chemicals can also be used to strengthen the crust or filling.

Over the forecast period, the upholstery segment will register the second-highest CAGR at 6.5%. Extensive coating applications are expected to drive this growth. The increase in soft leather use in the automotive and furniture industries is one of the main factors driving the growth of upholstery. Leather upholstery can be used in the automotive or furniture industries.

Automotive and furniture upholstery comprises aniline, semi-aniline, and protected leathers. This is because leather chemicals are required to tan, beam house, waterproof, retain, fatliquoring, and waterproof such leathers.

Leather items include wallets, belts, and other accessories. Compared to other end-use segments of the market, such products require a very small amount of leather. Accordingly, leather goods’ demand is expected to grow at a moderate pace. In the manufacture of goods, dyeing and tanning chemicals are extensively used. The forecast period will see a rise in consumer interest in product aesthetics and a rising demand for leather goods.

Кеу Маrkеt Ѕеgmеntѕ

Product Type:

•  Biocides
•  Surfactants
•  Chromium Sulfate
•  Polyurethane Resins
•  Sodium Bicarbonate
•  Other Product Types

Process Type:

•  Tanning & Dyeing
•  Beamhouse
•  Finishing Chemicals

Application

•  Footwear
•  Upholstery
•  Leather Goods
•  Garments

Market Dynamics

A new area of upholstery is the interiors of airplanes. High-performance leather is a good choice for engineers and designers, as well as cost control. The product’s performance is enhanced when it is combined with additives. These factors will increase the demand for the product in the automotive industry and drive the growth of the leather chemicals market over the forecast period.

As the world’s population increases and consumers spend more in developing countries, the demand for footwear will increase. The footwear industry is changing as people want to have a variety of styles and different types of footwear.

It is used to increase the durability of footwear by giving it dimensional strength, resistance to high temperatures, and mechanical action. As manufacturers seek to lower costs, integration across the value chain will be key to the market. This is why both forward and backward integration is necessary. Stronger relationships between suppliers and manufacturers are a result of solid tie-ups at various distribution levels. This is expected to be a major factor in businesses gaining a competitive edge over the next few years.

To make leather durable and attractive, there are many processes that go into making it. The increasing demand for this product will drive growth. This is due to the increased use of nanoparticles to enhance the aesthetic value, texture, and color of leather, as well as the addition of microparticles to impart greater water resistance and adhesion.

The market for leather chemicals is expected to grow because of the rising demand for many products, including footwear, apparel, and upholstery for cars and furniture.
Regional Analysis

The Asia Pacific was the dominant market for leather chemicals, accounting for a revenue share of over 50.0% in 2021. This is due to the abundance of raw materials and the high concentration of product makers.

Low-cost labor is one of the main factors driving market growth in the Asia Pacific. The product is not well-received in Japan’s product sector due to its large imports of luxury goods and footwear. Japan has a well-established vehicle industry and consumes a lot of the product. The country’s product market will be driven by rising demand from the automotive industry.

The European leather chemicals market will experience the second-largest CAGR at 6.9% during the forecast period. It is expected to drive the footwear, automotive, and consumer appliances industries. Europe’s tanning industry is heavily dependent on export and raw materials. Due to the increasing demand for leather chemicals in footwear, interiors, and apparel manufacturing, the market for leather chemicals will likely grow in the coming years.

Italy’s luxury market will drive market expansion. This is why the market for leather chemicals in Italy is very focused and robust. Vegetable tanning has become more popular in the region. It is expected to replicate some of the benefits of chromium which will increase the use of synthetic leather chemicals.

The growing Brazilian leather industry is expected to drive the Central and South American markets for leather chemicals. Brazil’s product industry is known for its extensive production of shoes & goods, including travel accessories, as well as strong connections with the U.S. market. These characteristics have created lucrative growth opportunities for the leather chemicals market in the region.

Кеу Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Companies & Market share Insights:

The leather chemicals market is very competitive, with major international brands focusing on long-term relationships and building trust with end-users. The future is expected to see increased competition in the garments, footwear, and upholstery sectors.

Elementis plc and Bayer AG are examples of companies that integrate across the value chain. They also produce caprolactam. These companies are key manufacturers, and they focus on research and development to find new uses for the product.

Кеу Маrkеt Рlауеrѕ іnсludеd іn thе rероrt:

•  Stahl International B.V
•  Lanxess AG
•  Bayer AG
•  Elementis plc
•  Texapel
•  Chemtan Company Inc.
•  Lawrence Industries Limited
•  Other Key Players

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For the Leather Chemicals Market research study, the following years have been considered to estimate the market size: