Sellbyville, DE -- (SBWIRE) -- 04/29/2020 -- Asia Pacific dominated the regional hierarchy with the majority share in the global leather chemicals market size in the year 2016. The regional market growth is stemmed from the robust production of leather in India and China. For the record, China and India hold more than 40% of the global leather export in the world.

That being said, North America is also a potential growth ground for leather chemicals market. The growth can be accredited to favorable government regulations towards the use of PPE in the manufacturing industry. Also, the region has witnessed a heavy demand for leather shoes and gloves, which will proliferate the global leather chemicals industry share.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1526

Tanning and dyeing leather chemicals segment to see noticeable growth in the coming year. These chemicals play a vital role in the initial stages of leather processing. They consist of aldehyde tanning agents, low sulfide unhairing agents, chromium sulfate, formic acid, and fungicides. Fungicides are essential to avert fungal growth in skin/hide while formic acids are helpful in lowering the pH value of the skin. Such benefits provided by these chemicals are likely to push the growth of leather chemicals market.

Finishing leather chemicals are used to improve product features, such as durability, weather resistance, smoothness, and wear & tear resistance.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Elementis PLC
2. Clariant AG
3. DuPont de Nemours, Inc.
4. Eastman Chemical Company
5. Solvay
6. Asahi Kasei Corporation
7. Evonik Industries AG
8. Saudi Basic Industries Corporation (SABIC)
9. Arkema
10. LANXESS

Considering the end user backdrop of the market, the footwear segment held more than 50% of the global leather chemicals market volume in 2018. Consumer lifestyle is transforming along with rising disposable income, which has augmented footwear sales across the globe. For instance, in 2017, the overall shoe production reached over 15 billion pairs. Heightened sale of leather footwear is likely to offer an impetus to leather chemicals market growth in the near future.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/1526

Automotive industry is also anticipated to contribute significantly to leather chemicals market growth owing to the massive demand for leather in vehicle interior, such as seat covers, dashboards, etc. It is estimated that leather chemicals industry share from automotive industry will expand at a CAGR of 5% over the forecast period.

Furthermore, the construction industry is likely to boost leather chemical industry outlook owing to the increasing construction expenditure in BRIC countries. The construction industry exhibits a high demand for superior quality leather with great smoothness, high gloss, and fine finish. Leather is utilized in personal protective equipment (PPE), such as shoes and gloves.

Massive demand for high-quality leather and positive government regulations have prompted leather chemicals market participants to expand their production capacities. They are adopting various business strategies, such as mergers, collaborations, product launches to sustain in the stiff competition. Some of the major market players include Bayer, BASF, Zschimmer & Schwarz, Clariant, Schill & Seilacher, Lanxess, and Lawrence International.

You May Check Our Other Report –

Polyglycolic Acid Market Size: https://www.marketwatch.com/press-release/polyglycolic-acid-market-to-trace-exponential-gain-till-2024-boosted-by-the-packaging-industry-2020-04-27
LATAM Cosmetic Preservatives Market Size: https://www.globenewswire.com/news-release/2020/04/15/2016393/0/en/Latin-America-Cosmetic-Preservatives-Market-to-surpass-a-valuation-of-130-million-by-2026-says-Global-Market-Insights-Inc.html
Metallic Stearate Market Size: https://www.openpr.com/news/1956980/metallic-stearate-market-to-hit-usd-7-bn-by-2024-top-companies