Tuesday, 02 January 2024 12:17 GMT

Leather Chemicals Global Market In 2029


(MENAFN- EIN Presswire) EINPresswire/ -- Leather Chemicals Global Market to Surpass $13 billion in 2029. In comparison, the Speciality Chemicals market, which is considered as its parent market, is expected to be approximately $973 billion by 2029, with leather chemicals global to represent around 1% of the parent market. Within the broader Chemicals market, which is expected to be $7,043 billion by 2029, leather chemicals global market is estimated to account for nearly 0.2% of the total market value.

Which Will Be the Biggest Region in the Leather Chemicals Market in 2029?
Asia Pacific will be the largest region in the leather chemicals global market in 2029, valued at $5,385 million. The market is expected to grow from $3,783 million in 2024 at a compound annual growth rate (CAGR) of 7%. The exponential growth is supported by growing footwear industry and growing sports activities.

Which Will Be The Largest Country In The Global Leather Chemicals Global Market In 2029?
China will be the largest country in the leather chemicals global market in 2029, valued at $2,623 million. The market is expected to grow from $1,910.35 million in 2024 at a compound annual growth rate (CAGR) of 7%. The exponential growth can be attributed to growing footwear industry and growing sports activities.

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What will be Largest Segment in the Leather Chemicals Market in 2029?
The leather chemicals market is segmented by product into biocides, surfactants, chromium sulfate, polyurethane resins and sodium bicarbonate. The polyurethane resins market will be the largest segment of the leather chemicals market segmented by product, accounting for 33% or $4,351 million of the total in 2029. The polyurethane resins market will be supported by its ability to handle complex defect patterns with high accuracy, will see growing adoption in automotive and electronics manufacturing for quality assurance, increasing integration with machine vision cameras and edge computing, rising demand for adaptive inspection systems that improve over time, enhanced performance in detecting micro-defects in semiconductors and medical devices and cost reduction through automated deep learning workflows that minimize manual inspection.

The leather chemicals market is segmented by process into tanning and dyeing, beamhouse, finishing chemicals. The tanning and dyeing market will be the largest segment of the leather chemicals market segmented by process, accounting for 54% or $7,055 million of the total in 2029. The tanning and dyeing market will be supported by rising demand for durable and aesthetically appealing leather across footwear and upholstery, increasing adoption of high-quality dyes to meet fashion trends, growing requirement for colorfastness and UV resistance, expanding leather exports requiring consistent quality, consumer preference for vibrant and premium finishes and the vital role of tanning in enhancing flexibility and strength.

The leather chemicals market is segmented by application into footwear, upholstery, garments, leather goods. The footwear market will be the largest segment of the leather chemicals market segmented by application, accounting for 46% or $5,989 million of the total in 2029. The footwear market will be supported by growing global demand for stylish yet durable shoes, increasing adoption of performance leather in sports footwear, rising consumer preference for lightweight and comfortable materials, strong production base in Asia driving bulk chemical consumption, frequent fashion cycles requiring diverse finishes and colors and rising exports of leather shoes boosting large-scale chemical usage.

What is the expected CAGR for the Leather Chemicals Global Market leading up to 2029?
The expected CAGR for the leather chemicals market leading up to 2029 is 7%.

What Will Be The Growth Driving Factors In The Global Leather Chemicals Market In The Forecast Period?
The rapid growth of the global leather chemicals market leading up to 2029 will be driven by the following key factors that are expected to reshape the leather processing and manufacturing industries worldwide.

Growth In The Footwear Industry - The growth in the footwear industry will become a key driver of growth in the global leather chemicals market by 2029. As global demand for casual shoes, sportswear and premium footwear rises, manufacturers are investing in advanced chemical formulations to improve comfort, style, and longevity. Moreover, global brands are increasingly outsourcing production to Asia and other emerging regions, where new tanneries and contract manufacturing facilities adopt chemical-intensive processes to meet export quality standards. This expansion not only increases the volume of chemicals consumed but also accelerates the shift toward eco-friendly and high-performance leather chemicals that align with sustainability commitments of international footwear brands. As a result, the growth in the footwear industry is anticipated to contributing to a 1.8% annual growth in the market.

Expansion Of Leather Manufacturing And Processing Facilities - The expansion of leather manufacturing and processing facilities will emerge as a major factor driving the expansion of the global leather chemicals market by 2029. As countries invest in new tanneries and upgrade existing ones with modern technologies, the scale of leather production increases. Larger and more sophisticated facilities require a steady and diverse supply of leather chemicals, from beamhouse agents for raw hide preparation to advanced finishing chemicals for durability and appearance. Expansion also brings stricter environmental compliance, creating opportunities for bio-based and chrome-free formulations. This growth in production capacity directly translates to higher demand for innovative and sustainable leather chemicals that can support both volume and regulatory requirements, propelling the market. Consequently, the expansion of leather manufacturing and processing facilities is projected to contributing to a 1.6% annual growth in the market.

Growth In Luxury And Premium Leather Products- The growth in luxury and premium leather products will serve as a key growth catalyst for the global leather chemicals market by 2029. Luxury and premium brands in handbags, footwear, automotive interiors and apparel demand leather with flawless aesthetics, soft touch, rich color, uniform finish, and long-lasting quality. Achieving these standards relies heavily on sophisticated leather chemicals that can deliver vibrant dyeing, smooth finishing, and eco-friendly protection. With consumers increasingly associating premium leather with lifestyle and status, manufacturers push for innovative formulations that meet luxury expectations while maintaining sustainability. This continuous pursuit of superior finishes and performance drives ongoing growth for leather chemicals in the luxury market segment. Therefore, growth in luxury and premium leather products operations is projected to supporting to a 1.1% annual growth in the market.

Growth In Sports Activities - The growth in sports activities will become a significant driver contributing to the growth of the global leather chemicals market by 2029. This fuels the need for high-quality leather used in equipment like footballs, gloves, pads, and cricket gear. These items must withstand rough usage, sweat and constant physical stress, characteristics achieved only through chemical treatments that enhance flexibility, water resistance, and durability. As sports become more commercialized and professionalized, brands seek premium-quality sports gear, further increasing the use of advanced tanning, re-tanning, and finishing chemicals. This trend ensures that growing sports culture continues to stimulate demand in the leather chemicals market. Consequently, the rising adoption of predictive maintenance strategies is projected to contributing to a 0.6% annual growth in the market.

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What Are The Key Growth Opportunities In The Leather Chemicals Market in 2029?
The most significant growth opportunities are anticipated in the polyurethane resins leather chemicals market, tanning and dyeing leather chemicals market, and footwear leather chemicals market. Collectively, these segments are projected to contribute over $5 billion in market value by 2029, driven by increasing demand for high-performance and sustainable leather treatment solutions, rising adoption of eco-friendly tanning agents, and the expansion of premium leather footwear production worldwide. This surge reflects the growing emphasis on durability, environmental compliance, and innovation in material processing, fuelling transformative growth within the broader global leather chemicals industry.

The tanning and dyeing leather chemicals market is projected to grow by $1,931 million, the footwear leather chemicals market is projected to grow by $1,656 million and the polyurethane resins leather chemicals market by $1,375 million over the next five years from 2024 to 2029.

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