The Global Leather Chemical Market was $6.50 Bn in 2020, and it is expected to reach $17.80 Bn by 2030. It is eventually growing at a commendable high compound of annual growth rate CAGR of 10.5% between 2020-2030. , as per the latest market research report titled Global Leather Chemical Market – Global industry analysis, size, share, growth, trends, and forecast, 2020-2030.
The leather chemical market is growing at a faster pace owing to the increasing demand of the leather material from apparel, footwear, furniture, aerospace, automotive, and other fashion accessories. The leather consumption used in the different stages like pre-tanning, tanning, and finishing. To manufacture a leather product, most widely chemicals like biocide, chromium sulfates, PU resins, and others are required. These chemicals are anticipated to witness an upsurge in demand for the amazing texture, the aesthetic value of leather, and color. Apart from that, the increasing demand of the developing countries, availability of the raw material, low-cost labor, and rising income of the country are the key factor for the growth of the global leather chemical market in the forecast period of 2020-2030.
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Moreover, the current pandemic of the COVID-19 effect on the Leather Chemical market. The growth rate graph changed slightly due to the pandemic situation. But it is expected that, after the pandemic of COVID-19, the market growth will reach a high position in the growth rate graph. Apart from that, the increasing leather industry across the world is anticipated to offer significant opportunities for market growth in the next forecast period of 2020 to 2030.
Geographically, The Leather Chemical Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include TFL Ledertechnik Gmbh& Co KG, Bayer AG, Lanxess AG, Elements Plc, Stahl International B.V., Texapel, Chemtan Company, Inc., Lawrence Industries Limited, Zschimmer & Schwarz GmbH & Co KG Chemische Fabriken, TC Chemicals, Balmer Lawrie & Co. Ltd., Indofil Industries Ltd., Pidilite Industries Ltd., Schill& Seilacher Gmbh& Co., and Stahl Holdings B.V. among others.
The Global Leather Chemical Market Has Been Segmented into:
- Chromium Sulfate
- Polyurethane Resins
- Sodium Bicarbonate
- Tanning & Dyeing
- Sodium Sulfide
- Formic Acid
- Leather Goods
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/leather-chemical-market-21