Leather Chemicals Market size to go past 10 billion-dollar mark by 2024

Asia Pacific Leather Chemicals Market is expected to grow at a robust pace owing to the massive production of leather in India and China.

Selbyville, United States – June 27, 2019 /MarketersMedia/ —

The size of Leather Chemicals Market was anticipated as 6 billion in the year 2019 and is predicted to touch 10 billion till 2024, rising with a CAGR of 6% between the years 2019 to 2024 as per the research done by Global Market Insights, Inc.

The rising demand of leather products is likely to propel the demand of the leather chemicals market over the forecast period. The increase in per capita income of the people has stimulated the growth of the product market. Changing consumer patterns have led to an increase in demand of leather products such as belts, apparels, footwear, etc., which will accelerate the market growth. Leather chemicals are used in several end-use industries such as furniture, automobiles, garments, which will lead to a rising curve in its demand.

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Rapidly changing fashion trends are also expected to trigger the demand for the product. The consumer awareness about the luxury products has led to a sprouting demand for the product. The wide use of the product for treating animal hides to produce leather is one of the key drivers for the market growth. Focus on premium quality leather textures is likely to drive the market demand.

The upgradation of color fastness standards of dyes has led to an increased demand for the product. The product offers high coloring quality which will fuel the product market growth. Finishing chemicals segment is estimated to experience gains of over 5% during the forecast timespan. Strict emission & environmental norms and organic leather has spurred the demand for leather chemicals. The application of leather chemicals in automotive sector is anticipated to grow at a decent growth rate of approximately 5% between 2017 and 2024.

Organic finishing which is free from solvents will lead to a sprouting product market demand. Luxury goods are on the rise which will accelerate the growth of the product industry.

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Asia Pacific region is expected to grow at a robust pace owing to the massive production of leather in India and China. The market growth in North America is attributed to the rising demand for leather apparels and shoes. Finishing chemicals are consumed at a large scale in Europe, owing to the rise in demand of leather apparels, which is expected to boost the market growth.

The leather chemicals market size is highly fragmented with several small scale and large scale manufacturers. The key companies operating in the business are Lanxess, Clariant, BASF SE, Bayer AG, Elementis PLC, Indofil Industries Ltd., Balmer Lawrie Co. Ltd., Zschimmer Schwarz Co KG, Schill Seilacher GmbH Co., Lawrence International, Chemtan Company, DyStar, Stahl International BV, TASA Group International, TEXAPEL, etc.

Browse key industry insights spread across 102 pages with 146 market data tables & 10 figures & charts from the report, “Leather Chemicals Market Size By Product (Tanning & Dyeing, Beamhouse Chemicals, Finishing Chemicals), By End-user (Footwear, Furniture, Automobile, Garments, Gloves), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/leather-chemicals-market

Glimpse of Table of Content (ToC)

Chapter 4. Leather Chemicals Market, By Product
4.1. Leather chemicals market share by product, 2016 2024
4.2. Tanning dyeing
4.2.1. Market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Beamhouse chemicals
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Finishing chemicals
4.4.1. Market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024

Browse Full TOC @ https://www.gminsights.com/toc/detail/leather-chemicals-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Website: https://www.gminsights.com/pressrelease/leather-chemicals-market

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