Leather Chemicals Market Growth (USD 15.2 Bn by 2033 at 6.8% CAGR) Global Analysis by Market.us

Introduction

Statistics

• Haryana Leather Chemicals is trading –1.96% lower at Rs 104.90 as compared to its last closing price. Haryana Leather Chemicals has been trading in the price range of 104.90 & 104.90. Haryana Leather Chemicals has given 70.52% this year & –3.43%
• Haryana Leather Chemicals has a 41.27% promoter holding & 58.73% public holding. The Mutual Fund holding in Haryana Leather Chemicals was at 0.08% in 30 Jun 2022.
• It is among the top ten foreign exchange earners in the country. Indian cattle and buffalo population accounts for 20% and the goat & sheep population of the country accounts for 11% of the world’s total.
• The industry employs about 4.42 million people in the country. It is a prominent source of employment in the rural parts of India with women employment at about 30% in the sector.
• Tanning, footwear, leather garments, and accessories. The country accounts for 13% of the world’s total leather production.
• the export of leather, leather products, and footwear for the period April August 2022 exports valued at US$1,077.80 million. 
• During 2021-22, India exported total leather and leather products of value US$ 4.87 billion A 32 %increase from the previous year. In August 2022, the total leather export stood at US$ 473.87 million.
• USA is the largest importer of leather and leather products from India accounted for 25% of the country’s total leather export during April-August 2022. Germany and the UK accounted for 10.86 %AND 9.71% of the exports during the same period.
• Leather product in the USA was valued at US$ 598.8 million, an increase of 51.35% . During the same period, Germany and the UK imported leather and leather products worth US$258.12 million and US$ US$ 230.75 million from India.
• Italy, France, and the Netherlands together accounted for 49.32% of total leather exports from India, with their import values at US$ 161.53 million, US$ 115.57 million and US$ 101.62 million.
• hydrogen peroxide (10%w/w) pre-treatment followed by thermal hydrolysis at 100 °C for 5 h was an optimized method for effective hydrolysis of trimmings and the process of preparation of product results in the holistic utilization of raw trimmings.
• It has been found that the pre-treatment with 7.5% sodium hydroxide and 10% hydrogen peroxide was found to be an effective hydrolysis method.
• About 75% of leather made today is chrome-tanned. The process uses trivalent chromium, which is a safe substance that also represents an essential part of our diet with many people taking daily supplements that contain it.
• With its 1,700-litre volume and a maximum pressure of 300 bar, the pre-industrial plant also enables full carbon dioxide recycling.   From pilot to market Compared to conventional processing, 200,000tn/year (40%) of chrome, 120,000tn/year (60%) of sulfate, and 7bn liter/year (98%) of chromium-contaminated wastewater can be saved.
• Leather data was reported at 973.000 Tons in 2015. This records an increase from the previous number of 964.000 Ton for 2014. Laos Industrial Production: Chemicals: Leather data is updated yearly, averaging 550.000 Ton from Dec 1985 (Median) to 2015.
• The data reached an all-time high of 973.000 Ton in 2015 and a record low of 10.000 Tons in 1985.
• In 2022, the value of leather accessory imports to Europe was 2.9 billion EUR, down from 3.0 billion EUR in 2017. Despite this decrease, Europe is one of the biggest importers of leather accessories in the world.
• The worn leather accessories sub-category is larger than the non-worn leather accessories sub-category, representing 1.57 billion EUR in imports or 53% of the total value.
• Leather bags had a much higher growth rate of 4.9% during the same period. Consumers often buy a bag to make a fashion statement. For example, genuine leather suggests quality while plant-based materials suggest eco-conscious values.
• While the non-worn leather accessories sub-category decreased by almost 4.5% between 2017 and 2022, worn leather accessories showed an average annual growth of 4.7%.
• leather accessories carried in the pocket or handbag is the single largest sub-category, making up 32.6% of the total leather accessories import market. Products within this category include wallets, purses, key pouches, cigarette cases, tobacco pouches, and similar articles.
• The category of non-worn accessories not carried in the pocket or handbag has a 14.4% share of the market and experienced the biggest decline.
• The EU is also a large exporter of leather accessories. In 2022, it exported 5.1 billion EUR of leather accessories (up from 4.3 billion EUR in 2017).
• EU leather accessory exports grew at an average yearly rate of 3.4% between 2017 and 2022. 
• Poland, which is the sixth largest exporter of leather accessories in Europe, had the strongest export growth with an average yearly increase of 19.2%. 
• Leather accessories imported from within the EU make up 56% of all imports (up from 51.5% in 2017). Leather accessories from outside the EU make up 44%.
• In 2022, suppliers from developing countries contributed 35.5% to all leather accessory imports into the EU in terms of value, down slightly from 35.9% in 2017.
• Suppliers from the rest of the world made up 8.5% of the import value, down from 12.6% in 2017. The share of leather accessory imports from developing countries is lower than the overall share developing countries have in the EU’s apparel import market (49.5%).
• In the internal EU leather accessory import market, Italy and France led with a market value of 723 million EUR. Together, these 2 countries account for 24.3% of all leather accessory imports into the EU.
• demand for leather products is even greater than the demand for meat: from 1984 to 2004, global production of raw cattle hides grew 24% compared to only 19% growth of cattle meat.
• A whopping 80% of deforestation in the Amazon Rainforest alone is attributed to cattle ranching, which in turn, is also responsible for as much as 3.4% of all annual carbon emissions, due to the lack of sufficient carbon capture from trees.
• 85% of the chromium used in leather tanning enters the waste streams, resulting in chromium levels as high as 2656–5420 mg/L in countries with a high concentration of tanneries like Bangladesh.
• In addition, used in 90% of leather production, chrome tanning pollutes the environment and the chemicals used can leach back into the atmosphere if left to naturally biodegrade. These can cause health problems such as respiratory issues and birth defects.
• worldwide 300 cows, 1.459 pigs, 1.178 rabbits, and 61.490 chickens have been killed by the animal industry.
• In global leather processing, about 6 million tons of solid waste are generated annually, while China and India as the main leather manufacturing countries individually generate 1.4 million tons/per year and 150,000 tons/per year.
• The results indicated that the dissolution of rabbit hair significantly enhanced with the increasing of temperature and reached 88% at 120 °C.
• Leather exports from Türkiye in November 2001 were up 35.3% year-on-year to reach US$68.9 million. The overall export sales figures for the first eleven months of 2001 were US$608.5 million, up 20.6% compared to the same period of the previous year.
• In the period January-November 2001, leather and leather products claimed a 2.1% share of Türkiye’s total exports, with leather products claiming the largest portion at 64%. These figures are expected to increase in 2002.
• Yesiller specializes in doublefaces and imports 90% of its raw materials from Spain, the UK, Australia, and France. The company is currently moving more towards lighter skins to compete with Spain. In terms of machinery and chemicals, Yesiller imports 80% from abroad.
• Chemical manufacturers Verbo specialize in pigments and claims to take a 90% share of the Turkish pigments market.

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Emerging Trends

Use Cases

• Footwear Industry: Leather chemicals are crucial in the production of durable and stylish footwear. In 2023, the footwear segment accounted for over 51% of the market revenue, driven by the growing demand for high-quality leather shoes. Chemicals used in this sector include tanning agents, which enhance leather’s strength and flexibility, and finishing agents which improve its appearance and durability.
• Automotive Upholstery: Leather chemicals play a significant role in automotive upholstery, which is seeing increased demand due to rising vehicle sales and consumer preference for premium interiors. In this sector, chemicals such as dyes and coatings are used to achieve the desired color and finish, with the upholstery segment projected to grow at a CAGR of 6.5% from 2023 to 2033.
• Furniture Industry: Leather chemicals are extensively used in furniture production to create high-quality leather products for residential and commercial use. In 2023, this segment experienced notable growth as manufacturers sought chemicals that provide enhanced durability and aesthetic appeal. Finishing agents and protective coatings are commonly used to ensure that leather furniture withstands daily use and maintains its appearance over time.
• Fashion and Luxury Goods: The fashion industry, particularly in high-end leather goods, relies on advanced chemical formulations to produce premium leather products such as handbags, jackets, and belts. Recent trends show a growing emphasis on sustainable and environmentally friendly chemicals, with a market shift towards biobased and low-impact solutions that cater to eco-conscious consumers.

Key Players Analysis

Conclusion

• https://www.livemint.com/market/market-stats/stocks-haryana-leather-chemicals-share-price-nse-bse-s0000971
• https://www.indiantradeportal.in/vs.jsp?lang=2&id=0,31,24100,24113
• https://www.sciencedirect.com/science/article/abs/pii/S0956053X19300972
• https://www.leathernaturally.org/resources/fact-sheets/summary-of-the-different-types-of-tanning/
• https://www.earto.eu/rto-innovation/fraunhofer-leather-tanning-gets-cleaner/
• https://www.ceicdata.com/en/laos/industrial-production/industrial-production-chemicals-leather
• https://www.cbi.eu/market-information/apparel/leather-fashion/market-potential
• https://goodmakertales.com/is-leather-bad-for-the-environment/
• https://www.shoplikeyougiveadamn.com/blogs/whats-wrong-with-leather-/bl-285
• https://jlse.springeropen.com/articles/10.1186/s42825-019-0008-6
• https://www.leathermag.com/analysis/full-of-hope-for-the-future/?cf-view
• https://www.stahl.com/
• https://lanxess.com/
• https://www.bayer.com/en/
• https://www.elementis.com/
• https://www.texapel.com/
• https://www.chemtan.com/
• https://www.lawrenceind.com/