Industry trends
Leather chemicals market size was more than $6 billion in 2016 and is estimated to witness growth over 6 percent over the forecast timespan, according to a report by Global Market Insights Inc.
Escalating leather demand across the globe for manufacturing footwear, apparels etc. will positively influence the leather chemicals market size over the projected timeframe. The product is majorly used in leather processing in order to produce fine finished products. For instance, tanning chemicals are used to convert raw hide or skin into a stable material by avoiding further decay and diminishing fetid odour.
Rapid industrialization along with possibilities of fatal injuries in the manufacturing company has gathered attention of regulatory authorities including ILO, OSHA and NIOSH towards worker safety, particularly in the US and Europe. This is lead to formulation of strict regulations towards personal protective equipment (PPE) use. PPE commonly includes safety shoes and gloves made of leather. Thus, creating growth avenues for the leather chemicals market size.
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