Saturday, 29 April 2017

Growth Opportunities in the Global Leather Chemicals Market

DecisionDatabases.com latest’s report on “Leather Chemicals Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021” provides a complete analysis of leather chemicals market globally. Leather chemicals market products belong to the kind of products that are created by using animal rawhide and skin to facilitate leather production. Leather is a resistant and flexible material for making accessory products and items. To impoverish the quality of leather and make it available for long-term use, many types of leather chemicals are used. The different levels of leather processing are beamhouse, tanning and finishing, fat liquors and water repellents and drum dyeing. This industry depends upon the changing scenario in the fashion industry.

Season Change, Fashion Change, Leather Remains!!- Upswing In Demand For Leather Chemical Market

The demand for leather chemicals market is projected to increase over the next five years probably in the leather finishing segment.

The key factors which drive the market are rapidly changing fashion styles, increasing customer affluence, quality products with competitive pricing, upswing in demand for leather products like apparels, footwear, furniture, automotive upholstery and garments increases, tax exemption provided by the Indian government on export of finished leather products, changes made in chemical compound (excellent water resistance, color, look and feel better leather, and impoverish finish adhesion), increase in per capita income and growth in the tourism industry.
Leather Chemicals Market
Also, continuous changes in the technology and changing design trends of different leather and luxury product strikes the demand for leather chemicals product in the market.

What are the challenges in the leather chemicals industry?

As there are all categories of manufacturers- small, medium and large, cost and quality differs. Like for small industries, consistency in quality products is the main issue while for medium and large manufacturers, a cost is a major issue. Reduction of TDS, alternative to chrome tanning, economical way for the preservation of hides and skins and reduction of the usage of water in the process are the other necessities that the industry requires.

Among all the above geographical regions, Asia Pacific is the largest leather chemicals market. As Asia Pacific countries comprise of a larger population, the demand of leather chemicals products is also proliferating day by day. As the people belonging to North America and Europe spend more, they  are thus influencing and contributing more  towards the demand of luxury leather products  including footwear, garments,  and others product. This investment further leads to the growth of the leather chemical market. The major industry players are Clariant Chemicals Ltd, DyStar, Loving Group Ltd, lawrence international Indofil Industries Ltd., Chemtan Company, Inc., Elementis plc.  and Stahl International BV. BASF SE, LANXESS AG ,Lanxess  AG, Balmer Lawrie & Co. Ltd., Schill & Seilacher GmbH & Co., Zschimmer & Schwarz & Co KG, Pidilite Industries Ltd., TFL, TASA GROUP INTERNATIONAL.


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