In the works is a plan by Stahl India to acquire BASF India’s all-important stake in the India leather chemicals market. Stahl has been extremely active in the M&A field, with a deal to acquire Clariant India’s leather chemicals business also in the works. TechSci Research speaks with the experts behind “India Leather Chemicals Market, Competition Forecast & Opportunities, 2012 – 2026” report about the recent India leather chemicals market trends.

Given the India leather chemicals market size of $595.41 million in 2016, these activities may have flown under the radar for many major newspapers, but TechSci experts have been actively monitoring the situation. Here are some noteworthy India leather chemicals market trends:

Exports and the India Leather Chemicals Market

 A report by IBEF pegs the total leather and leather good exports from India at $4.72 billion during April 2016-January 2017. US (15.69%), Germany (11.82%), UK (10.85%), Italy (6.61%) and Spain (5.27%) were the leading demand generators for leather exports, and by association, India leather chemicals market.

India leather chemicals market enjoys a strong position, globally, given India’s dominant export position in the leather goods industry. India leather chemicals market size has been steadily growing given that it has a strong export backbone. As long as India enjoys a dominant position globally in the leather industry, TechSci experts believe the industry will continue to grow at around the 8% level.

However, given unstable European markets, and internal politics, it wouldn’t be smooth sailing for India leather chemicals market. But, given that such situations remain short term constraints, we can expect a positive India leather chemicals market trend vis a vis exports.

Experts at TechSci research believe that their current prediction of $1264.85 million India leather chemicals market size by 2026 is entirely justifiable given that these constraints get eliminated as quickly as possible.

Growing Threat of Activism in India Leather Chemicals Market

 Perhaps the biggest threat India leather chemicals market faces is from genuine leather substitutes. Given that people are growing more aware of the methods being used by industries to provide them with food to eat, clothes to wear, cars to drive etc. people are choosing to eschew products in favour of harmless substitutes.

India leather chemicals market is a significant example where activism against slaughter is slowly gaining steam. Availability of substitutes such as those made from plastic coating (usually a poly-urethane on a fibrous base such as polyester), just compound the problems being faced by the industry.

This growing activism could also be tied, tangentially, to the decline in global demand for leather products. In fact, the high polluting nature of India leather chemicals market industries are also drawing activists against pollution. Such developments will be damaging to the industry if regulations are not passed to check the problems India leather chemicals market faces. However, given the rampant unorganised nature of the industry, it is up to the government to ensure that it isn’t simply the organised leather industry sector which bears the brunt of said regulations.

Please follow our LinkedIn and Twitter pages to get live updates on market research insights and analysis.