Leather Chemicals Market - Trends & Forecasts to 2019 - New Study Released

Leather Chemicals Market by Type (Tanning & Dyeing Chemicals, Beamhouse Chemicals and Finishing Chemicals) and by Region - Trends & Forecasts to 2019

The leather chemicals market size in terms of value is projected to grow at a CAGR of 7.64% between 2014 and 2019 to reach $7,963.65 million by 2019. Asia-Pacific held the largest share in 2013 with China leading the region. The developing countries such as India, Brazil are expected to grow with high growth rates while the developed countries such as U.S. and Canada are predicted to show a moderate growth. Major growth in the Asia-Pacific region is projected to be from tanning & dyeing chemicals.
The leather chemicals market in Asia-Pacific region is growing fast, mainly due to the shift of leather production from Europe towards Asia-Pacific, which is ultimately driving the leather chemicals market in this region.
New product launch was the most preferred strategy among the major players in the leather chemicals market, globally. The major players are enhancing their technological base, product portfolio, and geographical reach by offering new products to the market. For example, TFL Ledertechnik GmbH (Germany) has introduced a new low sulphide technology, which can be an alternative for chrome-free tanning in the near future.
Many companies offering leather chemicals are actively trying to increase their product portfolio and regional presence to cater to different regional markets. Europe is the second fastest growing market, mainly due to the location of more than half of the leather research centers.
The major players in the leather chemicals market are BASF SE (Germany), TFL Ledertechnik Gmbh & Co.KG (Germany), Stahl International BV (The Netherlands), Lanxess AG (Germany), Bayer AG (Germany) and Clariant International Ltd. (Switzerland). These companies showed significant presence among other players in the global leather chemicals market.

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