Leather Chemicals Market – Top 3 Application Segments by Technavio

August 28, 2017

LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global leather chemicals market is expected to grow at a CAGR of
more than 4% during the forecast period.

This research report titled ‘Global
Leather Chemicals Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This report
also includes an up to date analysis and forecasts for various market
segments and all geographical regions.

The global leather chemicals market is growing at a moderate pace
because of the increased demand for leather from regions such as the US,
Europe, MEA, and countries like China. Leather has high demand from the
footwear, apparels, and automotive industries.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

The market research analysis categorizes the global leather chemicals
market into three major application segments. They are:

Footwear
Furniture
Automotive sector

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Global leather chemicals market by footwear

The demand for leather chemicals from the footwear industry is rising at
a fast rate. In 2016, the segment dominated the market with 46% of the
market share. Fashion trends generally have a shorter life cycle, but
this is not the case for leather as leather-based products look
luxurious and have longer life cycles.

“Leather footwear is widely used by workers working in construction
sites and chemicals industries. Owing to its unique properties, leather
footwear provides protection. It also offers long product life and
better durability. The high durability and long-lasting finish on the
footwear is only possible with the application of leather chemicals.
Therefore, the growth of the leather chemicals market is directly
proportional to that of the leather market,” says Mohd Shakeel
Iqbal, a lead analyst at Technavio for specialty
chemicals research.

Global leather chemicals market by furniture

The leather chemicals used in the furniture segment have high demand.
Leather-based furniture is soft and comfortable and offers long-lasting
color and aesthetic appeal. Leather chemicals have a huge demand in this
segment, and they are easily available at fewer prices. The chemicals
make the leather more durable and increase the lifespan of the
leather-based furniture. In 2016, the furniture segment accounted for
the second-largest market share of 25.50% of the global leather
chemicals market.

“Aniline-dyed leather is preferred in the furniture industry as it is
environment-friendly due to the absence of chromium. This helps to
reduce the environment pollution by various leather-processing methods.
APAC is a major producer of leather furniture globally and has a large
consumer base,” says Shakeel.

Global leather chemicals market by automotive sector

The growing demand for automotive industries is driving the growth of
the leather market globally. This, in turn, is fueling the demand for
leather chemicals. Leather is generally used in the interiors of
vehicles for an aesthetic appearance. It is used on the steering wheel,
car seats, dashboard, and gear lever.

The increasing automotive sales across the globe is driving the market
for leather chemicals as they make it durable, improve the leather
quality, and provide a longer life with a luxurious look. The leather
seats in the automobile provide high comfortability at affordable prices.

The top vendors highlighted by Technavio’s market research analysts in
this report are:

BASF
LANXESS
Stahl Holdings
Schill+Seilacher
TFL

Browse Related Reports:

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com