Global Leather Chemicals Market: Snapshot

The global leather chemicals market has been growing at a phenomenal pace in the past few years. The soaring demand for leather in the footwear and apparel industry is the primary growth driver for the global market. Leather chemicals are used to process, protect, and polish the finish foods. The unprecedented demand for high-quality leather is projected to create a huge demand for leather chemicals in the near future. The report by TMR predicts that rising disposable income and growing fashion industry will also be responsible for the growth in opportunities for the leather chemicals market.

Growing demand for automotive upholstery has also been anticipated to be a key element fueling the growth of the global leather chemicals market in the coming years. Increasing sales of automobiles and expenditure on their beautification has drastically spurred the demand for leather chemicals in the automotive industry. According to Transparency Market Research, in 2013, the global market for leather chemicals was valued at US$5.43 bn. Analysts anticipate the market will register a CAGR of 6.10% during the forecast period to reach a valuation of US$8.19 bn by the end of year 2020.

Tanning and Dyeing to Remain the Leading Chemicals in the Global Leather Chemicals Market

The products available in the global leather chemicals market are finishing chemicals, tanning and dyeing chemicals, and beamhouse chemicals. The report predicts that the tanning and dyeing chemicals segment will hold a major share in the global market as it plays an essential role in defining the aesthetics of the product. A high demand for tanning and dyeing will be seen in countries such as Brazil, India, and China. Meanwhile, beamhouse operation chemicals will also be in high demand as they play an integral role in the production process. The key chemicals under this segment are well regulating agents, biocides, soda ash, chromium sulfate, and formic acid. The flourishing automotive industry, footwear and apparel industry are expected to raise the demand for beamhouse chemicals in the coming years.

Asia Pacific to Remain Key Regional Market as Footwear and Apparel Industry Flourishes in Developing Countries

From a geographic point of view, the global leather chemicals market has been segmented into Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa. Europe and Asia Pacific have held a significant share in the global market for leather chemicals in the past few decades. Analysts anticipate that Asia Pacific will continue to lead as the developing countries of India and China boast a proliferating leather processing market. The rise of footwear industry in developing parts of Asia Pacific, which is being supported by fashion-conscious youth and rising disposable income is expected to integral to the regional market. The Asia Pacific leather chemicals market will also be driven by the growing automotive industry, which uses leather to a large extent.

Competitive Landscape

In the coming years, players operating in the global leather chemicals market are expected to focus on development of new products to expand their product portfolio. The leading players operating in the global market for leather chemicals are Rock Chemie Co., Schill + Seilacher GmbH, Stahl Holdings b.v., BASF SE, Bayer AG, Elementis plc, TFL Ledertechnik GmbH & Co. KG, Heim Leather Chem GmbH, Clariant International Ltd., DyStar Singapore Pte Ltd., Wei Tai Leather Co., Ltd., and Lanxess AG.

 
Demand for leather chemicals is primarily led by growth in the automotive, apparel, and footwear industries across the globe. Asia Pacific dominates the global market for leather chemicals. This report by Transparency Market Research analyzes, estimates, and forecasts the demand for leather chemicals on a global and regional level for a six-year period from 2014 to 2020. The study also provides information on restraints, drivers, and opportunities along with their impact on the overall market during the forecast period. The report segments the market based on applications and regions and offers estimates and forecasts for each segment. 
 
The study analyzes the product value chain, from feedstock to end use. It also evaluates the market based on Porter’s five forces model, which analyzes the degree of competition by considering factors such as bargaining power of buyers and suppliers, and threat from substitute products and new entrants. The report includes a detailed competitive landscape of the leather chemicals market.
 
Prices of leather chemicals vary across regions. Pricing for each application varies according to region while estimating and forecasting market revenue on the global basis as different end-users use different types of products. Regional average price has been considered while breaking down the market by end application in each region. Size of the global leather chemicals market has been presented in terms of volume and revenue. Market volume is mentioned in Kilo Tons and market revenue is represented in US$ Mn. Market numbers are provided based on product types for the global as well as regional market. Both domestic and captive sales of leather chemicals have been considered. Market numbers are provided based on product types along with market size and forecast for each major product type in the context of the global as well as regional markets. Numbers provided in the report are derived based on demand for leather chemicals in various end-user industries across various regions. All prices have been considered as FOB prices. Market revenue has been calculated based on sales and consumption trends. All US$ exchange rates are as of 2013. Prices have been kept constant throughout the forecast period for calculating the market size.
 
Market estimates for this study are based on volumes, with revenues derived through regional pricing trends. Prices of commonly utilized grades of leather chemicals have been considered, and customized product pricing has not been included. Costs of the most commonly available leather chemicals have been considered. Market data for each segment is based on production volumes and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct-selling regional producers, based on manufacturer feedback and application requirement. We have used the bottom-up approach by considering individual application segments and integrating these to arrive at the global market. Product segments have been further bifurcated using the top-down approach to derive the regional product market consumption. The study covers manufacturers of leather chemicals. We have not included unorganized sectors of the market due to lack of secondary or primary data on this segment.
 
The report provides a decisive view on the leather chemicals market by segmenting it based on product types. Product segments analyzed in the report include tanning & dyeing chemicals, beamhouse chemicals, and finishing chemicals. Regional segmentation includes the current and forecast volumes and revenues for North America, Europe, Asia Pacific and Rest of the World (RoW). The segmentation includes volume and revenues for individual applications across these regions.
 
Leading manufacturers profiled in the report include BASF SE, Stahl Holdings b.v., Clariant International Ltd., Bayer AG, TFL Ledertechnik Gmbh & Co. KG, Lanxess AG, Elementis plc, Heim Leather Chem. Gmbh, Schill + Seilacher GmbH, DyStar Singapore Pte Ltd., Rock Chemie Co., and Wei Tai Leather Co. Ltd. These companies are profiled in detail with features such as company overview, financial overview, business strategies, and recent developments.
 
Leather Chemicals Market - Product Segment Analysis
  • Tanning & dyeing chemicals
  • Beamhouse chemicals
  • Finishing chemicals
Leather Chemicals Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)
.