Leather Chemicals Market will grow at 6.6% CAGR by 2026
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-19
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Leather Chemicals Market will grow at 6.6% CAGR by 2026

Leather Chemicals Market is expected to reach USD 11.42 billion by 2026. Rising use of leather in automobile and garment segment will induce significant growth potential in the industry landscape.

Rapid industrialization and rise in global trade along with incremental rise in fast fashion are going to be growth engines by 2026. Major brands are also promoting the demand for leather and subsequently for leather chemicals thereby increasing the overall leather chemicals market.

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Some major findings of the leather chemicals market report include:

  • Large and rising market in Asia set to be catalyst for international growth
  • Rising environmental concerns to drive demand for non-chrome tanning (vegetable tanning)
  • Rising international trade and rapidly increasing garment market
  • Strategic mergers and acquisition by industry participants to expand regional presence. Major players include Lanxess, Arkema, Evonik industries, Dupont Chemicals, Solvay, SABIC, Clariant, and Eastman Chemicals.

Leather Chemicals Market is set to witness phenomenal gains over the next few years, subject to the product’s extensive usage for belts, footwear, and garments. Leather chemicals possess characteristics such as weather resistance, smoothness, and an aesthetic appearance – in effect, they are used to provide a finesse to the final product and are used in the manufacturing process of numerous goods for furniture, personal care, etc., thereby impelling leather chemicals market size.

Finished leather chemicals are primarily used to improve the aesthetic appearance of the leather – these products cover the defects in natural leather, provide protective coatings, and enhances the features of the finished product in terms of smoothness, resistance, glossiness, durability, etc. Subject to this factor, finished leather chemicals market is projected to grow at a rate of 5% over 2017-2024.

The rapid and significant growth in upholstery leather for furniture, aero planes, and especially for automobiles has been one of the main developments in the business over past 15 years. European Union and the U.S. are prime producers of leather upholstery for automotive and aviation sector. Also, the sales of leather-upholstered automobiles in China is close to 100% in the premium segments.

 Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/leather-chemicals-market

European countries are also anticipated to gain substantial ground in value chain primary due to presence of major fashion and automobile brands. With major luxury apparel brands such as LVMH and Kering, market for leather is on the rise. European brands are also witnessed with high emphasis on quality and luxury, with higher per capita incomes and high standards of living, leather of different qualities and tans are being offered in luxury cars and accessories and are anticipated to be the key major player in demand for leather chemicals industry.

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Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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