Press Release

India Leather Chemicals Market to Grow with a CAGR of 5.20% through 2029

Surge in research and development activities is expected to drive the India Leather Chemicals Market growth in the forecast period, 2025-2029

 

According to TechSci Research report, “India Leather Chemicals Market- By Region, Competition, Forecast and Opportunities, 2019-2029”, the India Leather Chemicals Market stood at USD 488.84 million in 2023 and is anticipated to grow with a CAGR of 5.20% in the forecast period, 2024-2029. Initiatives taken by government based on leather chemicals    has led to favorable market conditions for the India Leather Chemicals Market. Several factors contribute to the growth of various leather chemicals products.

The Indian Leather Sector Development Program (IFLDP) was launched with the aim of bolstering infrastructure development, increasing production, and facilitating additional investments in the leather sector. This comprehensive initiative has played a crucial role in driving the growth of the leather chemicals market by encouraging the expansion of leather manufacturing units.

Furthermore, the Council of Scientific and Industrial Research (CSIR) has introduced a game-changing technology that has revolutionized the Indian leather sector. This innovative technology has not only helped the sector achieve its set target of USD 27 billion by 2020 but has also had a significant impact on the leather chemicals industry. By promoting efficient and sustainable production methods, this technological advancement has further strengthened the growth and competitiveness of the leather chemicals market.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Leather Chemicals Market

 

Research and development (R&D) efforts in the leather industry also prioritize enhancing the quality of leather chemicals. By focusing on high-quality chemicals, manufacturers can produce superior leather products that boast exceptional market appeal. These efforts involve continuous R&D initiatives that aim to create innovative chemicals, ensuring better colorfastness, enhanced resistance to wear and tear, and improved finishing techniques for leather goods.

In response to the growing environmental concerns surrounding the leather industry, there is an increasing demand for eco-friendly leather production processes. R&D activities play a pivotal role in the development of sustainable leather chemicals, significantly reducing the industry's environmental footprint. These initiatives encompass the creation of biodegradable chemicals, which break down naturally over time, and the formulation of chemicals that minimize water usage during the leather tanning process. By implementing these environmentally conscious practices, the leather industry aligns itself with the global sustainability movement while continuing to provide high-quality leather products.

The India Leather Chemicals Market is segmented into product, process type, end user, regional distribution, and company.

Based on its process type, the tanning and dyeing segment held the largest market share in the forecast period. The extensive range of operations involved in leather processing includes pickling, degreasing, tanning, swimming, shaving, retanning, dyeing, fat liquoring, and drying, among others. Each process plays a crucial role in transforming raw hides into high-quality leather products. Additional steps, such as neutralization and bleaching, are carefully implemented based on the specific condition of the tanned hides, ensuring optimal results, and enhancing the overall quality of the finished leather goods.

Based on region, West India segment is expected to grow during the forecast period. 

One of the reasons for the dominance of West India in leather chemical production is its strategic proximity to key raw material sources. The region enjoys convenient access to crucial inputs like chromium salts and vegetable tannins, which are essential for the production process. This advantageous location not only helps in reducing transportation costs but also guarantees a consistent and reliable supply of raw materials, contributing to the overall efficiency and sustainability of the industry in the region.

 

Major companies operating in India Leather Chemicals Market are:

  • Stahl India Pvt. Ltd.
  • Lanxess India Pvt. Ltd.
  • TFL Quinn India Pvt. Ltd.
  • BASF India Ltd.
  • Haryana Leather Chemicals Ltd.
  • Dadia Chemical Industries Ltd.

 

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“Growing application of leather chemicals in various end user industries are key drivers of the leather chemicals market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of leather chemicals    with every passing year are anticipated to register an impressive growth to India Leather Chemicals Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“India Leather Chemicals Market By Product (Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, Sodium Bicarbonate, Others), By Process type (Tanning & Dyeing, Beamhouse, Finishing Chemicals), By End User (Footwear, Upholstery, Leather Goods, Garments), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of India Leather Chemicals Market and provides statistics & 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 decisions. 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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