The global leather chemicals market size is expected to reach USD 14.56 billion by 2028 at a CAGR of 7.5% over the forecast period, according to a latest report by Reports and Data. Global leather goods market revenue growth rate has been increasing rapidly as a result of increasing disposable income and increased demand for leather goods globally. Leather as a raw material for various products lasts longer, is comfortable, and more aesthetically appealing than products made using synthetic materials. Introduction of newer technologies and machinery for deployment in leather goods manufacturing has enhanced efficiency of various hide curing and tanning processes. This is also providing major advantages in production and output and is expected to drive growth of the leather chemicals market. Implementation of more stringent environmental regulations is resulting in an increasing number of leather chemicals manufacturers investing in technologies that enable compliance and also  enable more efficient production. E-commerce distribution outlets have also opened up more opportunities for growth among players in the leather goods industry, as well as for the leather chemicals manufacturers.

However, usage of these chemicals require high volume of water for various processes, has high toxicity, releases carbon and waste, and high content of heavy metals and phthalates can pose a serious environmental hazard. These are some major factors expected to restrain market growth to some extent.

Get a sample copy of the leather chemicals Market report, visit: https://www.reportsanddata.com/sample-enquiry-form/3950

Some Key Highlights from the Report

• TFL Ledertechnik GmbH reportedly purchased Lanxess AG's organic leather chemicals company in August 2020. TFL is a global supplier of leather chemicals and a portfolio company of Black Diamond Capital Management, L.L.C., which is a US investment firm.
• Polyurethane resins segment accounted for majority revenue share in 2020, and is expected to register a rapidly inclining growth rate during the forecast period. Polyurethane resins are used as a base for a wide range of finishing products, such as lacquers and dry coatings.
• Chromium sulphate is commonly used in the leather industry for the dyeing process.
• Pre-treating agents, dyeing auxiliaries, buffers, cleaners, and neutralizers are popular uses for sodium bicarbonate in tanning operations.
• Tanning and dyeing chemicals segment accounted for largest revenue share in the market in 2020, and this trend is expected to continue during the forecast period.
• In 2020, the beamhouse segment among the process segments accounted for second-largest revenue share in the market. Biocides, surfactants, degreasers, lime, sodium sulphide, formic acid, sulfuric acid, and enzymes are among the chemicals used in leather production procedures.
• In 2020, the footwear segment among the end-use segments accounted for majority revenue share.
• In 2020, Asia Pacific registered fastest revenue CAGR, which can be attributed to major manufacturers deploying manufacturing facilities in countries in the region, as a result of more favorable regulations, availability of raw materials, and comparatively lower labor costs.
• Europe, which is dominant in clothing, automotive, and consumer appliances, is expected to account for a significantly high revenue growth rate in the near future.
• Some prominent players in the leather chemicals market include Bayer AG, Lanxess AG, Elmentis Plc, Stahl International B.V., Texapel, Chemtan Company, Inc., Lawrence Industries Limited, and Zschimmer & Schwarz GmbH & Co KG Chemische Fabriken.

To know more about the latest insights of the report, visit: https://www.reportsanddata.com/request-latest-insight/3950

Segments Covered in the Report
For the purpose of this study, Reports and Data has segmented the global leather chemicals market report on the basis of product, process, end-use, and region:

Product Outlook (Revenue, USD Million, 2018 - 2028)

• Biocides
• Surfactants
• Chromium Sulfate
• Polyurethane Resins
• Sodium Bicarbonate
• Others

Process Outlook (Revenue, USD Million, 2018 - 2028)

• Tanning & Dyeing
• Beamhouse
• Biocides
• Surfactant
• Sodium Sulfide
• Formic Acid
• Others
• Finishing

End-use Outlook (Revenue, USD Million, 2018 - 2028)

• Footwear
• Upholstery
• Garments
• Leather Goods

Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Italy
• Spain
• France
• Turkey
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of APAC
• Central & South America
• Brazil
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• Rest of MEA

Explore Trending Reports:

Energy-Efficient Windows Market-https://www.reportsanddata.com/report-detail/energy-efficient-windows-market

Epoxy Primer Market-https://www.reportsanddata.com/report-detail/epoxy-primer-market

Energy-efficient Glass Market-https://www.reportsanddata.com/report-detail/energy-efficient-glass-market

Glass Flake Coating Market-https://www.reportsanddata.com/report-detail/glass-flake-coatings-market

Precast Concrete Market-https://www.reportsanddata.com/report-detail/precast-concrete-market

Insulated Concrete Form (ICF) Market-https://www.reportsanddata.com/report-detail/insulated-concrete-form-icf-market

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/3950

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

About Reports and Data                                   

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse Latest Blogs: https://www.reportsanddata.com/blogs

Browse Latest Press Release: https://www.reportsanddata.com/press-release