Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Leather Chemicals Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Leather Chemicals Industry in 2024 and 2025?
The market size of leather chemicals has been witnessing consistent growth over the years. In 2024, the market value stands at $9.38 billion, which is projected to rise to $9.83 billion in 2025. This acceleration is set to take place at a compound annual growth rate (CAGR) of 4.8%.
What Is the Projected Market Size of the Leather Chemicals Market in 2029?
The leather chemicals market is projected to reach $12.91 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.1%.
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What Are the Key Drivers of Leather Chemicals Market Growth?
The key Drivers in the leather chemicals market are:
• Rising consumer demand for premium, high-end products.
• Growth in consumer purchasing power due to a strengthening economy.
• Use of leather chemicals in various stages of production for premium leather goods.
• Increasing sales in the premium product sector, specifically luxury vehicles and fashion.
What Are the Primary Segmentation Categories in the Leather Chemicals Market?
The leather chemicalsmarket covered in this report is segmented –
1) By Product: Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, Sodium Bicarbonate
2) By Process: Tanning And Dyeing, Beamhouse, Finishing Chemicals
3) By Application: Footwear, Upholstery, Leather Goods, Garments
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What Are the Major Trends Shaping the Leather Chemicals Market in 2025 and Beyond?
The key trends in the leather chemicals market are:
• There is a growing trend of strategic partnerships amongst major companies in the leather chemicals market.
• These partnerships aim to leverage mutual strengths and resources for increased innovation and success.
• A rising demand for sustainable leather products is driving market changes.
• Alignment with global sustainability trends, especially in eco-friendly solutions, is significantly influencing market dynamics.
Who Are the Emerging Players in the Leather Chemicals Market?
The key players in the leather chemicals market are:
• Stahl Holdings BV
• Clariant AG
• TFL Ledertechnik GmbH
• Balmer Lawrie & Co. Ltd.
• Arkema SA
• Eastman Chemical India Pvt. Ltd.
• Evonik Industries AG
• Saudi Basic Industries Corporation
• Dystar Singapore Pte Ltd.
• Elementis PLC
• Chemtan Company Inc.
• Lawrence Industries Limited
• Schill Seilacher GmbH
• TASA Group International
• Zschimmer & Schwarz Co. KG
• Indofil Industries Ltd.
• Papertex Specialty Chemicals Pvt. Ltd.
• Smit & Zoon BV
• BASF SE
• Cargill Inc.
• Koninklijke DSM NV
• AllChem Corporation
• Chemours Company
• Dow Chemical Company
• Hebei Yida Chemical Industry Co. Ltd.
• Lanxess AG
• Solvay SA
• Sumitomo Chemical Co. Ltd.
• Wacker Chemie AG
Which Regions Are Leading the Growth in the Global Leather Chemicals Market?
Asia-Pacific was the largest region in the leather chemical market share in 2024
