Increasing leather application in footwear, furniture, automotive upholstery and garments is expected to positively impact the global leather chemicals market. Leather production process begins with beamhouse operations, followed by tanning and finishing, with each process requiring a different set of chemicals. Growing premium leather demand coupled with abundant raw material availability is presumed to augment the global market growth over the next six years. Stringent regulations and guidelines from agencies such as REACH and EPA is expected to pose challenges to the global market. Chemicals, such as chromium, which are used for the leather production process, have several derogatory health effects. Dependence on such harmful chemicals and lack of potential substitute chemicals in the market are other issues challenging the market growth. Increasing leather substitute acceptance across various industries coupled with rising raw material prices is projected to negatively influence the global market over the forecast period. R&D regarding eco-friendly solutions and less harmful leather chemicals promise ample opportunities to industry participants.
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Emerging economies in Asia Pacific are expected to witness brisk market growth owing to increasing premium leather application in garments, footwear, automotive upholstery and furniture. Rapid industrialization and rising disposable income levels in the region is slated to further augment the regional market growth. Economies such as Mexico and Brazil are expected to witness high leather products demand, which in turn is presumed to bolster the Latin American leather chemicals market. European market has been dominated by Italy for the last several years and is expected to continue to grow at a steady pace over the forecast period.
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Key leather chemicals market participants include TFL, Clariant Corporation, Chemtan, Elementis, Zschimmer & Schwarz, Schill+Seilacher Gmbh, Lanxess, BASF, TFL Ledertechnik Gmbh, Dystar Singapore Pte Ltd., Stahl Holdings B.V, and Kemia Tau.
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