Report ID: SQMIG15E2634
Report ID: SQMIG15E2634
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Report ID:
SQMIG15E2634 |
Region:
Global |
Published Date: January, 2025
Pages:
187
|Tables:
94
|Figures:
66
Global Leather Chemicals Market size was valued at USD 9.83 Billion in 2024 and is poised to grow from USD 10.51 Billion in 2025 to USD 17.93 Billion by 2033, growing at a CAGR of 6.9% during the forecast period (2026–2033).
Rapidly increasing demand for leather products around the world is projected to primarily augment the sales of leather chemicals going forward. Surging demand for luxury vehicles and increasing automotive production is also expected to favor the global leather chemicals market growth owing to the high use of leather in automotive upholstery. Rising disposable income of people and increasing spending on premium leather products are also slated to create new opportunities for leather chemical suppliers around the world. Advancements in chemical formulations and increasing leather export and import activities are also estimated to provide a lucrative setting for market development in the future. On the contrary, volatility in raw material pricing, adoption of sustainable leather alternatives, and health hazards associated with chemical usage are the top restraints for market development across the study period and beyond.
Market snapshot - 2026-2033
Global Market Size
USD 9.2 billion
Largest Segment
Footwear
Fastest Growth
Upholstery
Growth Rate
6.9% CAGR
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Global Leather Chemicals Market is segmented by Product, Process, Application and region. Based on Product, the market is segmented into Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, Sodium Bicarbonate and Others. Based on Process, the market is segmented into Tanning & Dyeing, Beamhouse and Finishing Chemicals. Based on Application, the market is segmented into Footwear, Upholstery, Garments and Leather Goods. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Polyurethane resins are forecasted to account for a significant chunk of the global leather chemicals market share in the future. Extensive use of polyurethane resins in multiple aspects of leather processing is expected to cement the dominance of this segment going forward. Excellent elasticity, abrasion resistance, high tensile strength, and solvent resistance are some key characteristics of polyurethane resins that help them maintain their popularity in the global market landscape. Moreover, the eco-friendly nature of polyurethane resin-based leather as compared to vinyl-based leather is also expected to further cement the dominance of this segment in the long run.
Meanwhile, the demand for surfactants is expected to rise at a notable pace over the coming years. Surging use of surface-active agents in the leather production process is expected to help create new opportunities for leather chemicals providers to focus on this segment in the future. Use of surfactants anti-electrostatic, water repellent, and abrasion reduction agents owing to their high versatility is also expected to boost revenue generation for leather chemicals companies in the future. The ability of surfactants to enhance the color and finish of leather products is also expected to make this a preferred product in leather processing through 2031.
Footwear is forecasted to spearhead the global demand for leather chemicals over the coming years. High use of leather in footwear manufacturing around the world owing to its high comfort and durability makes this a highly attractive segment for leather chemical providers. Good water resistance and unique look are other factors that are promoting the demand for leather in footwear. High versatility of leather makes it suitable for a wide variety of footwear products ranging from sandals to shoes. Growing popularity of premium leather footwear among celebrities and increasing demand for the same among consumers are also estimated to benefit the demand for leather chemicals via this segment through 2031.
Meanwhile, the demand for leather chemicals in the upholstery application segment is estimated to hold the second-largest share of the global market. Rapidly increasing automotive production around the world and surging sales of luxury vehicles are expected to create new business scope for leather chemical suppliers focusing on this segment. Aniline, semi-aniline, and pigmented/protected leathers are projected to be highly popular for upholstery applications across the study period. Germany, France, Japan, Italy, South Korea, and India are slated to be highly opportune markets for leather chemical providers focusing on upholstery applications in the long run.
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The Asia-Pacific region is estimated to account for a prominent share of the global leather chemicals industry. High availability of raw materials and cheap labor are projected to help cement the dominance of this region going forward. The presence of leading automotive manufacturers and their subsequent increase in use of leather for upholstery and interior applications are also slated to bolster the demand for leather chemicals in this region. Japan, China, and India are estimated to emerge as the most rewarding markets for leather chemicals providers operating in this region. Rising disposable income of people in this region is also promoting sales of leather consumer goods.
On the other hand, the demand for leather chemicals in Europe is forecasted to account for the second-largest share of the global market. The presence of multiple tanning businesses, high spending on luxury leather products, and high sales of luxury vehicles with leather upholstery are key factors promoting the sales of leather chemicals in Europe. Germany, France, and the United Kingdom are forecasted to emerge as the leading markets for leather chemicals suppliers operating in this region. Growing emphasis on sustainability and imposition of stringent environmental regulations are helping create new business scope for leather chemicals providers operating in the European region.
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Rising Demand for Leather Products
Expansion of Automotive Industry
Volatile Raw Material Pricing
Rising Popularity of Synthetic Alternatives
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Leather chemical companies should invest in the research and development of sustainable and eco-friendly chemicals to maximize their business scope. Targeting Asia Pacific and Europe regions is slated to offer the best returns for leather chemical providers in the future. Launching new leather chemical formulations and products is also expected to help boost revenue generation across the global leather chemicals market forecast.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, surging demand for leather products and expansion of the automotive industry are projected to bolster leather chemicals market growth in the future. However, rising popularity of synthetic alternative chemicals and fluctuations in raw material pricing are slated to hamper leather chemical demand going forward. Evolving consumer preferences and high availability of raw materials help the Asia Pacific region to hold sway over the global leather chemicals industry through 2031. Digitization of leather processing is estimated to help boost revenue generation for leather chemicals providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 9.83 Billion |
| Market size value in 2033 | USD 17.93 Billion |
| Growth Rate | 6.9% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Leather Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Leather Chemicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Leather Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Leather Chemicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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