Resurgence in Leather Goods and Upholstery Markets to Support Global Demand for Leather Chemicals, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Leather Chemicals markets. Driven by recovery in automobile production and consumer demand for leather goods such as apparel and footwear, global market for Leather Chemicals is projected to reach US$4.3 billion by 2020.

Leather Chemicals: A Global Strategic Business Report

Follow us on LinkedIn – Leather Chemicals are employed in the transformation of raw skin and hides, a by-product of the meat industry, into leather. Today, more than 85% of leather produced finds use in the manufacture of footwear, apparel, and upholstery. As a result, demand for leather chemicals is widely dictated by trends in the fashion industry. Over the years, improvements in leather processing techniques and chemicals used have contributed significantly to the aesthetics, look and feel of leather. Some of the latest innovations include use of nano and micro particulates for abrasion resistance, chemicals for improved color fastness, superior water resistance and improved finish adhesion. The need to lower component weights, especially in automobiles, is driving introduction of light-weight leather for upholstery. In order to enable sustainable leather manufacturing, leading players are also rolling out eco-friendly preservatives and finishing agents. Rising preference for metal-free leather tanning is promoting use of alternative tanning substances such as aldehyde.

High raw hide prices continue to challenge manufacturers, affecting their profitability in the market. Moreover, the rise in leather prices is difficult to pass on to consumers as they remain sensitive to price variations. Also, since raw materials make up the majority of leather costs, the focus is more on making the best possible use of available hide and eliminating wastages. With tanners increasingly transitioning to inferior quality leather grades to sustain margins, companies are focusing on developing finishing chemicals for upgrading leather quality. Another trend is the rise in vertical integration of tanneries by luxury brand manufacturers to ensure steady supply of high quality leather.

The market is also witnessing rise in eco-friendly chemicals with manufacturers increasingly turning towards green chemistry to improve the green quotient of chemicals. The development of novel solvent-free organic finishes as well as advanced tanning agents derived from grape pips and olive waste is expected to further bolster opportunities. The leather industry is also bracing for tighter regulations on types and amount of leather chemicals used. The need to comply with stricter regulations is expected to further drive a spate of innovations in leather chemicals market.

As stated by the new market research report on Leather Chemicals, Asia-Pacific represents the largest market worldwide. The region also ranks as the fastest growing market led by growing availability of raw materials, and rising demand for leather goods including automotive upholstery, footwear and accessories. Buoyed by an expanding base of middle class population with rising incomes and discretionary spends, China is anticipated to lead the leather chemicals market in the coming years. Driven by improving employment rates, rising consumer confidence, and a resurgent automotive industry, the United States is also expected to support demand for leather upholstery. Demand for leather chemicals is also expected to receive a boost from the growing leather industry in Latin America led by Brazil.

Tanning & Dyeing represents the largest segment of the global leather chemicals market, while
beam-house chemicals is projected to be the fastest growing segment.

Major players covered in the report include BASF, DyStar, Elementis plc, LANXESS AG, Schill & Seilacher GmbH & Co., Stahl International BV, TFL Ledertechnik GmbH & Co. KG, and Zschimmer & Schwarz GmbH & Co KG among others.

The research report titled “Leather Chemicals: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America and Rest of World. Market segments analyzed include Beam-house, Tanning & Dyeing as well as Finishing Agents.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
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