CAGR: 6.5%Current Market Size: USD 8.45 BillionFastest Growing Region: Europe
Largest Market: APACProjection Time: 2023-2030Base Year: 2022
The global Leather Tanning Chemicals market is expected to grow from USD 8.45 billion in 2022 to USD 14.06 billion thousand by 2030, at a CAGR of 6.5% during the Projection period 2023-2030. The growth of this market is mainly driven by the growing consumption of leather in the end-use sector.
Leather is regarded as a classic material that has been used for a variety of Tanning Types, including shoes, clothes, furniture, and car seats. Chemical tanning is a procedure used to stabilize the structure of leather so that the skin's inherent qualities may be preserved. Furthermore, by modifying certain collagen with complex ions of chromium during the tanning process, the open structure of the skin is maintained. After tanning, leather becomes more flexible than untreated dead skin and can endure boiling water at 100 degrees Celsius. Vegetable tannins (obtained from tree bark), syntans, alum, glutaraldehyde, formaldehyde, and heavy oils are some of the most often used compounds in leather tanning. The most popular tanning method used by manufacturers is chrome tanning using chemicals for leather tanning; this method is more effective and less hazardous than hexavalent chromium. Despite being a classic method, vegetable tanning doesn't use any dangerous chemicals. By utilizing the branches, leaves, barks, or even some fruits in certain procedures, vegetable tannin may be naturally found in various plants. During the preparation of leather, the chemical process of leather tanning is required to make leather smooth and flexible for usage. The demand for the chemicals used in leather tanning has increased due to the rising desire for technologically improved and effective methods of tanning leather.
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Market Dynamics:
Drivers:
Consumer desire for leather footwear has led to a rise in Tanning Type, which is driving the growth of the leather chemicals market. Additionally, improvements made by leather tanneries have improved the process of making leather shoes, which need different chemicals for tanning and coloring. In addition, imports of leather shoes have significantly grown in a number of nations, including the United States, Japan, Germany, France, and Italy.
Restraints:
However, the use of chemicals in several steps leading up to the Tanning Type of leather demands a large amount of water, and due to their high toxicity, waste emissions such as heavy metals and phthalates can have a substantial negative influence on the environment. A limited number of market participants are implementing growth plans to strengthen their position in the leather chemicals industry, which have an effect on big companies' profit margins recently.
Opportunities:
The demand for Leather Tanning Chemicals has remained strong in recent years, and the Projection period is likely to see continued growth along the same path. Chrome tanning is less expensive and time-consuming since it uses fewer chemicals, like acids and dyes, in the Tanning Type of leather that has been chrome tanned. The fact that leather can be mass-produced in a day and that its color may be maintained for a long time are two additional benefits of chrome-tanned leather that have a substantial impact on the expansion of the worldwide market.
Challenges:
Limiting the growth of the market for Leather Tanning Chemicals includes rigorous government controls on the use of chemicals and changing raw material prices. The price of raw materials directly affects the price of Leather Tanning Chemicals, namely polyacrylamide. Since these raw ingredients are made from crude oil, the cost of Leather Tanning Chemicals will also affect.
Segmentation Analysis:
The global Leather Tanning Chemicals market has been segmented based on Tanning Type, Application, and Region.
By Tanning Type
The Tanning Type segment is Vegetable Leather Tanning, Chromium Leather Tanning, Aldehyde Leather Tanning, and Others. The Vegetable Leather Tanning segment led the largest share of the Leather Tanning Chemicals market with a market share of around 25% in 2022. Over the course of the Projection period, the Vegetable Leather Tanning segment is anticipated to account for the highest revenue share in the worldwide market. Increasing consumers' awareness about the negative impact of chemicals on the environment has made an increase the demand for vegetable tanning leather. Despite being a classic method, vegetable tanning doesn't use any dangerous chemicals. By utilizing the branches, leaves, barks, or even some fruits in certain procedures, vegetable tannins may be naturally found in various plants. This method is less hazardous than others.
By Application
The application segment is Textile and Apparel Industry, Automotive Accessories, Furniture, and Others. Automotive Accessories led the largest share of the Leather Tanning Chemicals market with a market share of around 38% in 2022. A significant increase in coating applications in the automobile industry is anticipated rise in the market. The rising usage of soft leather in the automobile industries is one of the key causes behind the expansion of the Leather Tanning Chemicals Market. A significant amount of the leather chemicals needed for tanning, beam housing, retaining, waterproofing, and fatliquoring of such leathers are used on a large scale.
Global Leather Tanning Chemicals market- Sales Analysis.
The sale of Leather Tanning Chemicals Market Tanning Types and applications expanded at a CAGR of 3.5% from 2016 to 2022.
the process of tanning leather has transformed the current leather business. Over the projection period, it is anticipated that there will be a significant demand for leather tanning chemicals due to the increasing use of leather in the end-use sector, which includes furniture, footwear, clothing, and automobile interiors.
The situation of the market for leather tanning chemicals has significantly altered as a result of the rising demand for high-end leather goods and the creation of diverse colored leathers. Due to cheap labor costs, manufacturers have made significant investments in developing nations, where there is a huge need for leather tanning chemicals.
Thus, owing to the aforementioned factors, the global Leather Tanning Chemicals market is expected to grow at a CAGR of 6.5% during the Projection period from 2022 to 2030.
By Regional Analysis:
The regions analyzed for the Leather Tanning Chemicals market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific region dominated the Leather Tanning Chemicals market and held a 35% share of the market revenue in 2022.
Global Leather Tanning Chemicals Market- Country Analysis:
Germany's Leather Tanning Chemicals market size was valued at USD 0.8 billion in 2022 and is expected to reach USD 1.0 billion by 2030, at a CAGR of 3% from 2023 to 2030. In Germany due to the consistently expanding economy, it projected a sizable share in the worldwide market throughout the projection period. The most popular products in the fashion business are accessories are leather goods. Due to their positions in the market for luxury goods, Germany is the biggest exporter of leather products in Europe.
China’s Leather Tanning Chemicals market size was valued at USD 1.9 billion in 2022 and is expected to reach USD 2.3 billion by 2030, at a CAGR of 6.5% from 2023 to 2030.
The need for leather chemicals for finishing footwear items in China has increased as a result of the present market trend. Due to reasons including the rising need for cutting-edge leather technology, the expansion of the automotive industry, and the rise in the number of footwear industries, China is predicted to continue to rank among the top developing nations over the Projection period.
India's Leather Tanning Chemicals market size was valued at USD 0.7 billion in 2022 and is expected to reach USD 1.8 billion by 2030, at a CAGR of 2.5% from 2023 to 2030. India is anticipated to take the lead in the automobile sector. The market for leather chemicals for use in interior and exterior parts is anticipated to grow as the automobile sector expands. Also, the country is expanding in the textile sector, the Indian government is taking massive measures.
Key Industry Players Analysis:
To increase their market position in the global Leather Tanning Chemicals market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, Tanning Type developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
6.5% |
Market Size |
8.45 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Tanning Type, By Application, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
BASF SE, Bayer AG, Balmer Lawrie Co. Ltd, Clariant International Ltd, Chemtan Company, TASA Group International, Dystar Singapore Pte Ltd, Elementis PLC, Lanxess AG, Texapel, Stahl International B.V, Schill Seilacher GmbH Co, Lawrence Industries Limited, Papertex Specialty Chemicals Pvt Ltd, and Zschimmer Schwarz Co. KG. |
By Tanning Type |
|
By Application |
|
Regional scope |
|
Scope of the Report
Global Leather Tanning Chemicals Market By Tanning Type:
Global Leather Tanning Chemicals Market By Application:
Global Leather Tanning Chemicals Market By Region:
Global Leather Tanning Chemicals market is expected to reach USD 14.06 billion by 2030.
Leading market players active in the global Leather Tanning Chemicals market are BASF SE, Bayer AG, Balmer Lawrie Co. Ltd., Clariant International Ltd., Chemtan Company, TASA Group International, Dystar Singapore Pte Ltd., Elementis PLC, Lanxess AG, Texapel, Stahl International B.V, Schill Seilacher GmbH Co, Lawrence Industries Limited, Papertex Specialty Chemicals Pvt Ltd, Zschimmer Schwarz Co. KG, among others.
The Leather Tanning Chemicals market is projected to have a CAGR of 6.5%.
The growth of this market is mainly driven by the growing consumption of leather in the end-use sector.
Based on the application, the Leather Tanning Chemicals market is segmented into Textile and Apparel Industry, Automotive Accessories, Furniture, and Others.
Political Factors- The objections by pressure organisations, social and environmental activists, and labour unions should be closely examined by Leather tanning chemicals market since they have a significant impact on how policies are developed. Close cooperation with these organisations may improve Leather tanning chemicals market capacity for community engagement and the accomplishment of long-term business objectives. Additionally, a well-developed governance structure and a democratic political improve the business climate for markets like Leather tanning chemicals market.
Economical Factors- Organizational performance is directly impacted by a nation's economic development. Growing economies present the Leather tanning chemicals market with several prospects for expansion. In a similar vein, it's critical to comprehend the stage of the industrial lifecycle. Due to market saturation, entering mature sectors might be more difficult than entering businesses in the development stage. Additionally, the amount of money invested on essential infrastructure development by the government of the host nation has an impact on Leather tanning chemicals market financial success. The business climate is made easier by a well-developed infrastructure, which also boosts the gold industry's growth potential in the particular nation.
Social Factors- For global market like Leather tanning chemicals market, changes in demographic patterns including population ageing, migration trends, and socioeconomic factors are of the utmost importance. In order to select the market segment or market segments with the highest development potential, Leather tanning chemicals market might benefit from studying the demographic features. Migration has an impact on business and marketing strategy as well. Leather tanning chemicals market must comprehend how people generally feel about migration because this might affect businesses' capacity to hire foreign managers in the host nation.
Technological Factors- To stay ahead of the competition, Leather tanning chemicals market. should carefully consider the ongoing technological innovations. The potential for the 5G to improve business outcomes through improved user experience, better speed, and more access should be closely monitored. Such technological advancements have the power to fundamentally alter a sector and rewrite the guidelines for market participants' success. Additionally, it's crucial to take into account the technology's state of development and maturity in the relevant industry. By concentrating on newly developed technical advances, Leather tanning chemicals market can expand its market share by entering areas where technological development has not yet achieved maturity.
Environmental Factors- Businesses have been forced to implement cutting-edge recycling and waste management strategies due to the combination of rising environmental degradation and technological innovation. Recycling is nearly a corporate standard in several nations. Additionally, Leather tanning chemicals market must prioritise implementing effective waste management procedures in organisational divisions that are situated in or close to metropolitan regions. Many nations have established stringent regulations to safeguard their metropolitan regions via efficient garbage management.
Legal Factors- As some nations have strict regulations to ensure labour safety, Leather tanning chemicals market. must abide by the laws governing employee/labor health and safety. Leather tanning chemicals market has an ethical and moral duty to give its employees a safe working environment. In a similar vein, anti-discrimination laws (such as equal employment opportunity laws) also need to be carefully considered when developing human resource practises as discriminatory lawsuits against employers harm the organisational image and affect organisations' capacity to attract and retain talent.
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