Global Leather Chemicals Market to Reach $4.5 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a global report on Leather Chemicals market. The global leather chemicals market is projected to surpass $4.5 billion by the year 2015, driven by increased demand from end-use markets, particularly leather footwear, automotive and apparel markets.

Leather Chemicals: A Global Strategic Business Report

Leather Chemicals markets includes colorants and chemicals that are used for tanning, dyeing, re-tanning, and finishing of leather products, across various stages of the leather production process. Growth of leather chemicals industry is directly linked to developments in the leather goods and leather processing industry. The availability of raw materials, rather than the end-product sales, is the key determinant of growth patterns and trends in the leather chemicals market. Pace of growth in meat consumption and slaughter rates significantly influence the demand scenario in the leather chemicals market. In addition, the demand for specialty leather chemicals is largely dependent on the changing scenario in the fashion industry.

Asia-Pacific, Europe, and North America account for over 90% share of the global leather chemicals market, as stated by the new market research report on leather chemicals market. Despite the adverse impact of economic crisis, the market is expected to recover owing to resurgent demand for shoe and automotive industries. Over the years, developed countries have yielded ground to developing nations such as India, China, Indonesia, Pakistan, and Vietnam. Asia-Pacific market for leather chemicals is forecast to grow significantly, owing to advantages such as abundance of raw materials, and lower cost of operations.

A major issue facing the market relates to the adverse environmental impact caused by a large majority of the leather chemicals currently in use. Rising concerns over adverse environmental and health impacts have forced several governments to ban certain chemicals. Growing awareness about environmentally friendly products and processes, and the need to comply with regulatory specifications is contributing to the uptake of eco-friendly leather chemicals. Rising demand for high-quality leather, particularly from garments, furniture, and car upholstery, enhances the demand for eco-friendly and highly advanced leather chemical formulations.

BASF, Clariant, LANXESS, TFL and Stahl represent the leading players in the global leather chemicals market, with the rest of the market accounted for by players and suppliers with primarily local operations. Players profiled in the report include BASF Aktiengesellschaft, Clariant AG, LANXESS AG, Elementis plc, Milliken Chemical, Schill & Seilacher GmbH & Co., Stahl International BV, TFL Ledertechnik GmbH & Co. KG, among others.

The report titled “Leather Chemicals: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a review of latest market trends, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including North America, Europe, Asia-Pacific, and Rest of World.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Leather_Chemicals_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com/

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