Business

Market Growth Insights Analysis of Global Leather Chemicals Market During the forecasted period 2020-2030 | BASF SE, TFL Ledertechnik GmbH & Co.KG, Stahl International BV, Lanxess AG, Bayer AG, etc.

The report Global Leather Chemicals Market, By Type (Wet-End Leather and Leather Finishing), By Application (Footwear, Furniture, and Automotive), and Region – Global Forecast to 2029″ Global leather chemicals market is projected to grow from US$ 8.0 billion in 2020 to US$ 15.4 billion by 2029. Rising demand for leather products in footwear and apparels industries are creating demand for leather chemicals and in turn driving growth of the global leather chemicals market. In addition, rising demand for leather from automotive and aviation sectors to provide aesthetic value to interiors are major factor expected to propel growth of the global leather chemicals market in the near future. Furthermore, rising per capita income of individuals and growth in tourism industry are leading to increase in the demand of leather goods items which is supporting growth of the target market.

Request Sample Copy: https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/501

Growing investments by key players operating in the market in order to develop eco-friendly leather   is expected to create lucrative growth opportunities in the global leather chemicals market. Also increasing number of mergers and acquisitions by the prominent players operating in the target market is creating growth opportunities in the target market.

Key Highlights:

  • In October 2017, for instance, Stahl International BV had acquired BASF SE and took over all activities of BASF Leather Chemicals business, including its 210 positions and a production site in Spain.

Key Market Insights from the report:    

The global leather chemicals market accounted for US$ 8.0 billion in 2020 and is projected to register a CAGR of 7.5 % over the forecast period. The market report has been segmented on the basis of type, application, and region.

  • By type, the leather finishing segment accounted for major revenue share in 2018, owing to its increasing use to improve aesthetic value, texture, and color of the leather.
  • By application, the footwear segment is accounted for major revenue share in 2018 due to changing fashion trend and living standard across the globe.
  • By region, Asia Pacific leather chemicals market accounted for major revenue share in the global leather chemicals market and is further anticipated to maintain its dominance over the forecast period. This is attributed to presence of well-established leather chemical industries in the countries in the region. The market in North America is expected to account for second-highest revenue share in 2018.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Leather Chemicals Market”, By Type (Wet-End Leather and Leather Finishing), By Application (Footwear, Furniture, and Automotive), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2029

To know the upcoming trends and insights prevalent in this market, click the link below:

Links

https://prophecymarketinsights.com/market_insight/Global-Leather-Chemicals-Market-By-501

The prominent player operating in the global leather chemicals market includes BASF SE, TFL Ledertechnik GmbH & Co.KG, Stahl International BV, Lanxess AG, Bayer AG, Clariant International Ltd., Heim Leather Chem GmbH, Dystar Singapore Pte Ltd, Knox Lawrence International LLC, and Pidilite Industries Limited.

About Prophecy Market Insights

Prophecy Market Insights is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.

Contact Us:

Sales

Prophecy Market Insights

Email- sales@prophecymarketinsights.com

Back to top button