Over the forecast period, from 2021 to 2031, the demand in the global biocides for leather market is likely to be driven by changing consumer lifestyles along with growing disposable income. Leather chemicals are projected to be in high demand in a wide range of applications, including belts, shoes, upholstery, wallets, and jackets due to changing consumer lifestyles and growing disposable income. The application's demand is likely to fluctuate based on seasonal variations. Leather is one of the most widely utilized materials for a wide variety of products, including belts, pouches, automobile seats, wallets, footwear, bags, coats, clothes, dog collars, and smartphone covers. The expansion of the leather industry is projected to augment demand for biocides, which are primarily employed as fungicides and bactericides to prevent the development of germs, fungus, and bacteria throughout many important manufacturing processes.
Transparency market research offers a comprehensive understanding of the global biocides for leather market through this report. It offers well-researched data on various facets of the market to offer valuable business input for profit generation.
Buckman and Lamirsa, for example, are leading market players who are investing in research and development activities to improve product quality and decrease negative consequences. In addition, manufacturers are also focusing more of their research and development efforts on developing biocides that have a low or no environmental effect.
The noted players that are operational in the global biocides for leather market are Buckman Laboratories International, Inc., DuPont de Nemours, Inc., Lanxess AG, Vink Chemicals GmbH & Co. KG, and Troy Corporation.
Below-mentioned market trends and opportunities mark the global biocides for leather market:
Biocides are frequently discovered in wastewater left over after the process of tanning, which is typically dumped down to adjacent water bodies by leather factories. This has resulted in a rise in levels of toxicity. As a result, the European Union's Biocidal Products Directive (BPD), which restricts the quantity of biocides used by the leather industry, has been enacted.
Several causes, including the advancement of technologies for product diversification, significant spending on research and development activities, innovation, improved performance, application extension, and increased automobile production, is likely to add to the growth of the global biocides for leather market in the years to come. In addition to that, as a consequence of rigorous laws and environmental standards in some of the developed countries, such as Europe, North America, and others, rising demand for bio-based alternative goods is projected to create profitable possibilities.
Biocides are closely scrutinised by government agencies such as the Evaluation, Authorization, and Restriction of Chemicals (REACH) of the US and Environmental Protection Agency (EPA) because they pose a serious threat to animals, humans, and the environment when used beyond the recommended limits.
In 2020, Asia Pacific led the global biocides for leather market, accounting for a significant share of the revenue. The large proportion can be attributed to the ample supply of raw materials as well as the region's high concentration of leather producers. Low-cost labour is one of the primary reasons boosting demand for leather items in the region. China is one of the world's major manufacturers and exporters of leather.
Because Japan is a major importer of footwear and high-end consumer products, the use of leather chemicals in the country's leather sector is limited. However, Japan's automotive sector is well-established and it also likely to account for a significant amount of leather consumption. The country's growing demand for leather items from the car sector is expected to be a significant driving force for leather chemicals like biocides.
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