Leather Chemicals Market in India to Cross $1.2 Billion by 2026
Growing
demand for leather and finished leather goods along with supportive government
policies and booming footwear & accessories industry to drive leather
chemicals market in India through 2026
According to TechSci Research
report “India
Leather Chemicals Market By Type, By Process, By Chemical,
Competition Forecast & Opportunities, 2012 – 2026”
leather chemicals market is projected to grow to over $ 1.2 billion by 2026. Indian footwear and garment sectors are the major
demand drivers for the country’s leather chemicals industry. In 2015, India’s
leather industry accounted for a share of 12.9% of the total global leather
production. Moreover, India is the second largest footwear and leather garments
producer in the world, and the country’s leather and leather goods exports stood
at around $ 6 billion in 2015-2016 and are expected to grow further in the
coming years. Footwear accounted for about 47% of the total leather exports in
2015-2016. Other factors such as introduction of favourable business policies
by the Indian government, growing trend of chrome free tanning and advent of
eco-friendly chemicals that conserve water and save energy, are expected to
drive demand for leather chemicals in India over the forecast period.
Browse 8 market data Tables and
31 Figures spread through 90 Pages and an in-depth TOC on "India
Leather Chemicals Market"
https://www.techsciresearch.com/report/india-leather-chemicals-market-by-type-basic-specialty-by-process-beam-house-wet-end-finishing-by-chemical-lubricating-agent-chromium-sulphate-lime-dyes-auxiliary-chemicals-ammonium-sulphate-formic-acid-etc-competition-forecast-opportunities/1011.html
In volume terms,
basic leather chemicals dominated the market over specialty chemicals, and the
segment is expected to continue its dominance through 2026. Basic chemicals are
widely used in beam house and wet-end processes, and are very cheap compared to
specialty chemicals. In terms of processes, beam house and wet-end processes
were the leading demand generators in India leather chemicals market, and this
trend is expected to continue over the forecast period as well. South and East
regions saw the bulk of the demand for leather chemicals, and given the proliferation
of leather based industries in those parts of India, these regions are expected
to retain their dominance though over the next ten years. Stahl India Pvt.
Ltd., Lanxess India Pvt. Ltd. and TLF Quinn India Pvt. Ltd. are some of the
leading players operating in India leather chemicals market.
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“Pro-business policies such as 100% FDI in leather industry,
growing demand for sophisticated leather in footwear and garments industry and
the surge being witnessed in the usage of speciality chemicals to provide good
texture leather is expected to boost demand for leather chemicals in the
country. Given the high demand for leather in India for both internal
consumption and for exports, the market for leather chemicals in India looks
set to witness robust growth over the next few years.”, said Mr. Karan Chechi,
Research Director at TechSci Research, a research based global management
consulting firm.
“India Leather Chemicals Market By Type, By
Process, By Chemical, Competition Forecast & Opportunities, 2012 – 2026” has evaluated the future
growth potential of India leather chemicals market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyzes the emerging trends along
with essential drivers, challenges and opportunities in India leather chemicals
market.
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