Leather Chemicals Market Expected to Reach $7,963 Million by 2019 - Report by MarketsandMarkets
(PRWEB) December 28, 2014 -- The research report, “Leather Chemicals Market by Type”, defines and segments the market with an analysis and forecast of types of leather chemicals.
Browse 70 Market Data Tables and 48 Figures spread through 145 Pages and in-depth TOC on “Leather Chemicals Market by Type and by Region - Trends & Forecasts to 2019”.
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Leather chemicals are mainly used to convert the hides and skins into leather. The major chemicals used in leather processing are classified into 3 types that are: tanning & dyeing chemicals, beamhouse chemicals and finishing chemicals.
This report defines and segments the leather chemicals market with an analysis and forecast of values for each type that are tanning & dyeing chemicals, beamhouse chemicals and finishing chemicals. It also identifies the driving and restraining factors for the leather chemicals market with an analysis of trends, opportunities, and challenges. The market is segmented on the basis of major regions such as Asia-Pacific, North America, Europe, and RoW with value and volume forecasts.
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Growing demand for premium quality leather globally – the major driving factor for the demand of leather chemicals
The Asia-Pacific and the RoW regions are projected to show a promising growth rate from 2014 to 2019 in the leather chemicals market. The applications for the premium quality leather are growing, especially from the leather apparels industry. The premium quality leather finds its applications in leather shoes, fashion accessories, leather jackets and leather gloves. All these factors drive the leather chemicals market globally.
In addition to this, the demand for leather from the automotive industry is also booming. The car manufacturers consume leather for the car upholstery. The leather chemicals market is growing in the Asia-Pacific region, mainly due to the shift of production facilities from other regions towards Asia-Pacific. Stringent environmental regulations concerning use of hazardous chemicals such as chromium VI are compelling industries to re-evaluate issues relating to the chemicals used for leather processing.
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Stringent environmental regulations – the major restraining factor for the leather chemicals market
Many hazardous chemicals such as Chromium sulphate, sulfuric acid and formic acid are used in leather production. Different chemicals are used for tanning, dyeing, re-tanning, and finishing of leather products, across various stages of the leather production process. The regulatory policies set by REACH (Registration, Evaluation, Authorization and Restriction of Chemical substances), on the use of certain chemicals in tanneries has hampered the consumption of leather chemcials. In Europe, REACH is applicable to almost all the participants of the value chain of leather chemicals.
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