Leather chemicals are a class of products used in processing animal hides for the production of leather. Leather chemicals are needed at various stages of leather processing, including beam making, tanning and finishing, alcohols and water repellents, and drum dyeing.
Leather is an unrivaled material for the manufacture of products and accessory items. In order to make leather durable and create an attractive richness of leather, many leather chemicals are used. The increasing demand for various leather products such as clothing, footwear, garments, furniture and automotive upholstery positively influences the demand for chemicals for leather and contributes to the future growth of leather chemicals market. Technological innovation such as the use of micro and nano particles for abrasion resistance and improved innovation in chemical compounds that provide better color, look and feel of leather, improved water resistance and better adhesion of the finish are expected to boost the leather chemicals market around the world.
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The increase in the per capita income of individuals, the growing wealth of consumers, the growth of the tourism industry are among the main reasons leading to the increase in demand for luxury goods and leather goods in the market. Rapidly changing fashion trends and increasing level of consumer awareness of various luxury goods are further boosting the demand for leather goods in the market. The steady innovation and changing design pattern of various leather and luxury products lead to trigger the demand for leather products in the market. The increasing trends in the purchase of various leather products are helping to trigger the growth of the leather chemicals market.
Asia-Pacific is the largest market for leather chemicals. One of the main factors for the success of leather chemistry in the Indian market in the years to come would be its compliance with many international regulations such as ISO, REACH, etc. With large number of population in Asia-Pacific countries, the demand for various leather products is also on the rise. China produced 4.271 billion pairs of leather shoes in 2011 and the leather footwear market is growing with a CAGR of around 12.4% per year.
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The increasing rate of leather footwear products is helping to boost the leather chemicals market in China and the Asia-Pacific region. The increase in the level of disposable income of individuals in North America and Europe also tends to invest more in the purchase of luxury leather goods, including clothing, shoes and other products. Total UK specialty shoe and leather goods retail turnover was US $ 3,973 million in 2010 and increased to US $ 4,649 million in 2013. This growing investment in leather products and product innovation is helping to further stimulate the leather chemicals market. in the European region.
Some of the companies operating in the global leather chemicals market are
- BASF SE
- Lanxess AG
- Clariant Chemicals Ltd.
- Balmer Lawrie & Co. Ltd.
- Indofil Industries Ltd.
- Pidilite Industries Ltd.
- Schill & Seilacher GmbH & Co.
- ATC CHEMICALS
- Elementis plc
- Zschimmer & Schwarz & Co KG
- Elementis plc
- LANXESS SA
- laurence international
- TASA INTERNATIONAL GROUP
- Loving Group Ltd.
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