Leather Chemicals Market Size to Grow by $ 2.89 bn During 2021-2025
Technavio has been monitoring the leather chemicals market and it is expected to grow by $ 2.89 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Leather Chemicals Market: APAC to lead market growth during the forecast period
Leather Chemicals Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arkema SA, Asahi Kasei Corp., Bayer AG, Clariant International Ltd., DuPont de Nemours Inc., Eastman Chemical Co., Evonik Industries AG, LANXESS AG, Saudi Basic Industries Corp., and Solvay SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Leather Chemicals Market: Key Highlights of the Report for 2021-2025
Technavio has been monitoring the Global Leather Chemicals Market and it is expected to grow by USD 2.89 billion progressing at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
APAC: China and India are the key markets driving growth
APAC will offer several growth opportunities to market vendors during the forecast period. The growing demand from the aviation industry will significantly influence the leather chemicals market growth in this region. 46% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for leather chemicals in APAC. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the leather chemicals market market size.
Leather chemical industries are coming up with technologically advanced products that are environment-friendly and can replace the existing chemicals for producing leathers. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
Leather Chemicals Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arkema SA, Asahi Kasei Corp., Bayer AG, Clariant International Ltd., DuPont de Nemours Inc., Eastman Chemical Co., Evonik Industries AG, LANXESS AG, Saudi Basic Industries Corp., and Solvay SAare some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
Leather Chemicals Market: Key Highlights of the Report for 2020-2024
