The Science Behind Your Loafers. A Look at the India Leather Chemicals Market
Chemicals | Sep, 2017
Leather is one of the most widely traded
commodities in the world and India enjoys a thriving
leather industry which accounts for nigh on 13% of all leather manufactured
globally. The country ranks second in terms of footwear and leather garments
production in the world and accounts for around 9% of global footwear production.
Consequently, there is a huge leather market in India and across the world that
depends on the production and consumption of leather chemicals.
The process of
turning a raw material into a finished leather good starts encompasses three
major steps that can essentially be called the leather processing operations.
From extraction of the skin or hide of the animal, beam house process, wet-end
process and finishing process are applied (the later three involve leather
processing operations) at which point the raw skin/hide becomes a finished
leather good. All three of these leather processing operations require leather
chemicals in some way, shape or form. Lubrication agents, chromium sulphate,
lime, dyes auxiliary chemicals, ammonium sulphate, formic acid are some of the
very many chemicals used in these processes.
The organized
leather market is a hotbed of competition with a number of big companies
fighting each other for a larger slice of the pie. TechSci Research report “India Leather Chemicals Market, 2026” identifies no less than 6 major and several
minor players in the mix. Stahl India Pvt. Ltd., Lanxess India Pvt. Ltd., TFL
Quinn India Pvt. Ltd., Indofil Industries Limited, Balmer Lawrie & Co. Ltd.
Much of the operation of these companies is based in the South, where Tamil
Nadu is a leading supplier of leather, in the North with Uttar Pradesh as the
leading demand generator and in the East with West Bengal acting as a major
hub.
In spite of
dampening global demand for leather, TechSci Research predicts a good long term
forecast for the India leather chemicals industry going up to 2026. While there
are certain challenges, such as the easy availability of genuine leather
exports, and the rising trend of chrome free tanning, environmental and
political issues, indigenous and external demand for leather products is still
expected to pick up in the future. With that being a case, demand for leather
chemicals in India and China, the world’s two largest producers, will also
rise. Major demand for leather chemicals is estimated to come from developing
countries, which form the backbone of the global leather industry.
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