The global Leather Chemicalsmarket was valued at USD 6.41billion in 2016 and is projected to reach USD 12.28billionby 2025, growing at a CAGR of 6.20% from 2017 to 2025.
Leather chemicals demand is highly dependent on demand for leather textiles. The growing demand for leather in cold countries is expected to boost demand for these products. The rising demand for premium quality leather is expected to drive demand for these products.
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1. Market Drivers
1.1 Growing demand for premium leather
1.2 Abundance of raw materials
2. Market Restraints
2.1 Increase in operational costs
2.2 Stringent regulatory policies
The global Leather Chemicalsmarket is segmented on the type, and region.
1. By Type:
1.1 Tanning and Dyeing Chemicals
1.2 Finishing Chemicals
1.3 Beamhouse Chemicals
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2. By Region:
2.1 North America (U.S., Canada, Mexico)
2.2 Europe (Germany, UK, France, Rest of Europe)
2.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
2.4 Latin America (Brazil, Argentina, Rest of Latin America)
2.5 Middle East & Africa
The major players in the market are as follows:
1. Zschimmer& Schwarz & Co KG ChemischeFabriken
2. BASF SE
3. Schill+Seilacher GmbH
4. Bayer AG
5. Stahl Holdings
6. Lanxess AG
7. Dystar Singapore
8. Elementis PLC
10. TFL Ledertechnik GmbH
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.