Tanning chemicals market share ledoverall industry

Tanning chemicals market share led the overall industry

9:28 AM, 20th September 2017
The global leather chemicals market share for footwear led the overall business in 2016. (File photo)
The global leather chemicals market share for footwear led the overall business in 2016. (File photo)

Industry trends

Leather chemicals market size was more than $6 billion in 2016 and is estimated to witness growth over 6 percent over the forecast timespan, according to a report by Global Market Insights Inc.

Escalating leather demand across the globe for manufacturing footwear, apparels etc. will positively influence the leather chemicals market size over the projected timeframe. The product is majorly used in leather processing in order to produce fine finished products. For instance, tanning chemicals are used to convert raw hide or skin into a stable material by avoiding further decay and diminishing fetid odour.

Rapid industrialization along with possibilities of fatal injuries in the manufacturing company has gathered attention of regulatory authorities including ILO, OSHA and NIOSH towards worker safety, particularly in the US and Europe. This is lead to formulation of strict regulations towards personal protective equipment (PPE) use. PPE commonly includes safety shoes and gloves made of leather. Thus, creating growth avenues for the leather chemicals market size.

Leather processing has harmful environmental impact particularly due to high polluting chemicals used in skin tanning. For instance, processing one ton of raw hide or skin leads to production of over 20 to 80-meter cubes of wastewater, which includes substantial chromium levels ranging from 100–400 mg/L and sulphide levels ranging from 200–800 mg/L along with other solid wastes which may lead to pathogen contamination. Furthermore, high operational cost involved in leather processing via various stages such as tanning, crusting, surface coating etc. may hamper the globe leather chemicals market share over the forecast timeframe.

Market - by product

Tanning leather chemicals market share led the overall industry and accounted roughly around 40 percent of the overall business size in 2016. It includes product such as low sulphide unhairing agents, sodium formate, aldehyde tanning agents, formic acid, chromium sulphate, magnesium oxide and fungicides. These chemicals are mainly used in the initial stages of leather processing in order to provide a desirable and stable material. For instance, formic acid is used to lower the pH value of skin and fungicides are used to prevent fungal growth.

Finishing leather chemicals market share is likely to exhibit gains more than 5 percent CAGR from 2017 to 2024. These chemicals play an essential role in the business by producing protective coatings to leather along with improving its aesthetic appearance. It also helps in covering the natural and unremovable defects from leather and provides various value added features to the final product such as smooth surface, prolonged durability, weather resistant, wear & tear resistance etc.

Market - by end-user

The global leather chemicals market share for footwear led the overall business in 2016. Increasing footwear sales across the globe on account of improving consumer lifestyle dynamics accompanied with elevating customer spending capacity is the major factor triggering the global footwear demand in the recent. Customers owing to their high spending power trend to use multiple shoes, which in turn shall promote the overall market size by 2024.

The automobile is likely to expand at over 5 percent CAGR over the forecast timeframe. Automobile, particularly personal vehicles are one of the major end-user of leather products. For instance, leather is used in seat covers. Thus, rapidly increasing personal car sales across the globe is likely to drive leather chemicals market share for automobiles. For instance, the global passenger car sales were approximately 69 million units in 2016 and is likely to witness growth close to 5 percent over the forecast period.

Market - by region

North America leather chemicals market share accounted for more than 20 percent of the overall industry volume in 2016. The regional growth is mainly attributed to prevalence of massive consumer base for leather products such as footwear, gloves and jackets. Leather products mainly footwear and gloves are majorly used for industrial safety applications owing to their superior resistance against cut, abrasion and impact. Thus, due to strict regulations regarding PPE use across industries in the US shall complement the market size in the region.

Asia Pacific led the global leather chemicals market share in 2016. Substantial leather production in China and India along with increasing customer base for leather products is analyzed to be the prime factor propelling industry growth in the region. For instance, China and India together account for more than 40 percent of the overall leather export. This signifies ample product demand in the region to enhance features of natural leather.

Market share

Leather chemicals market share is competitive due to existence of large, medium and small scale manufacturing companies across the globe. Key industry share contributors include BASF SE, Lanxess, Bayer AG, Clariant, Elementis PLC, Balmer Lawrie & Co Ltd, Indofil Industries Ltd, Schill & Seilacher GmbH & Co, Zschimmer & Schwarz & Co KG, DyStar, Lawrence International, Stahl International BV, Chemtan Company, TEXAPEL and  TASA Group International. Major players in the business including BASF, Clariant and Lanxess are involved in strategic mergers and acquisitions in order to achieve competitive advantage in the industry ecosystem.

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