Global Leather Chemicals Market is expected to reach USD 12289.3 million by 2025, from USD 6890.60 million in 2017, growing at a CAGR of 4.8% during the forecast period of 2018 to 2028. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Competitors/Players:
Some of the major players operating in the global leather chemicals market are emulsions BASF SE , The Dow Chemical Company , Eastman Chemical Company ,Arkema S.A, Ashland Inc, Celanese Corporation , evonik, INEOS , OMNOVA Solutions Inc, shell, Solvay, Permaset Aqua, Rishi Chemical. Rohan Organics Pvt. Ltd., LANXESS, Spectrum Chemical Manufacturing Corp. PBR, Sellam Chemicals Pvt Ltd, among others.
The global leather chemicals market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of leather chemicals market for global, Europe, North America, Asia Pacific and South America.
This market report defines the market trends and forecast the upcoming opportunities and threats of the leather chemicals market in the next 8 years. Leather chemicals are used in the treatment of animal hides for the production of leather. There is a growing demand of products made from leather such as footwear, gloves, garments, sportswear, others. Out of these footwear is the fastest growing market. According to the article published by the economic times, in the year 2017 India is currently largest market in footwear. It also estimated that there is 20.0% growth in leather market in upcoming five year. Due to this, the global leather chemicals market is anticipated to observe significant rise. Rise in automobile sector is also one of the important end use for the growth of leather chemicals market. According to the article published by Indian independent and professional investment information and credit rating agency (ICRA), there is increased in sales in automobile sector in the year 2016. It’s estimated that auto component industry is expected to grow 10% in the upcoming year. Due to the growth of auto component industry, this will directly affect the demand of leather chemical. According to the article published by Society of Indian Automobile Manufactures, in the year 2017 the total number of vehicles produced by the industry is 25,316,044 which include passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle. The increase use of automobile around the globe will push the demand for leather chemicals in the future.
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Major Market Drivers and Restraints:
Growing demand for premium quality leather
Abundance of raw materials.
Increasing operational costs
Stringent environmental regulatory policies
The global leather chemicals market is segmented based on product, end user, and geographical segments.
Based on product, the global leather chemicals market is segmented into tanning & dyeing, beamhouse chemicals, finishing chemicals, and others.
On the basis of end user, the global leather chemicals market segmented into footwear, furniture, automobile, garments, gloves, and others.
Based on geography, the global leather chemicals market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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Report Access: http://databridgemarketresearch.com/reports/global-polyurethane-sealants-market/
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