Tanning Agents Market - Segmented by Type, End-User Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Tanning Agents Market - Segmented by Type, End-User Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Purchase Report

The global tanning agents market is expected to register a moderately high CAGR during the forecast period, 2018 to 2023. Asia-Pacific region is estimated to lead the market, owing to its rapid increase in production of leather and its related products. Leather tanning is expected to be the fastest growing by application segment.

Rapid Increase in Demand for high Quality Leather

Leather is one of the mostly traded materials in the world. The consumption of luxary leather products has increased globally with increasing population and changes in life style trends, which is driving the demand for tanning agents. Raw materials required for leather products have been increasing. More than 65% of the world’s demand for leather is being met by developing economies. There is a need to maintain and improve the aesthetic and functional aspects of leather. Owing to meet the functional requirements, research and development activities are being developed. So, owing to increase in demand of high quality leather new technologies and tanning agents are expected to witness significant growth during the forecast period.

Leather Tanning - The Fastest Growing Segment by Application

The fastest growing application in the scope of the tanning agents market is leather-tanning application. Leather tanning involves treating the skins and hides of skins to produce leather. The process produces soft, durable, and flexible material. Various materials are used in the tanning process of leather, most of them are iron, aluminum, titanium, zirconium, and chromium. Of them, chrome tanning is widely employed, owing to its high tensile strength and high temperature shrinkage property. Leather tanned products are widely used in various end-user industries, such as footwear, packing industry. With the increasing demand of leather tanning segment, tanning agents market is also expected to rapidly grow, globally during the forecast period.

Asia-Pacific Region to Lead the Market

China’s has been the key region in all the leather industries. The country is also taking corrective actions by following regulations in usage of hazardous chemicals in tanning. China’s leather industry is likely to grow with significant output in footwear industry. The country is the largest manufacturer and exporter of footwear globally. India has also witnessed growth with certain raw-material supplies in the market. There is a high level of competence and employment in leather industry in developing countries, like Pakistan and Ethiopia. Overall, footwear, leather tanning industries are expected to grow in the region. Hence, with the increasing demand from the various end-user industries, the demand for the tanning agents market is expected to increase rapidly, during the forecast period.

Notable Developments in the Market

June, 2018: LANXESS, which is a leading manufacturer of leather has supported to produce leather in a sustainable, environmental friendly process without using NMP (N-Methyl-2-pyrrolidone).

Major players: BASF, LANXESS, Viswaat Chemicals Limited, Leather International, Clariant, among others.

Reasons to Purchase this Report

  • To understand the impact of end-user applications on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating type in the tanning agents market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

1. Introduction

                1.1 Scope of the Market

                1.2 Market Definition

                1.3 Study Assumptions

                1.4 Study Deliverables

                1.5 Research Phases

2. Executive Summary

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness - Porter's Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Intensity of Competitve Rivalry

                3.3 Patent Analysis

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Rapid Increase in Demand for high Quality Leather

                                4.1.2 Abundant availability of Raw-Materials

                                4.1.3 Other Drivers

                4.2 Restraints

                                4.2.1 High Operational costs

                                4.2.2 Stringent Environment Regulations

                4.3 Opportunities

                                4.3.1 Increase in Investment of R&D to Develop Alternate Tanning Technologies

                                4.3.2 Others

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

                5.1 By Type

                                5.1.1 Inorganic Materials

                                                       5.1.1.1 Chromium

                                                       5.1.2.3 Zirconium

                                                       5.1.2.5 Others (Aluminum, Titanium, etc.)

                                5.1.2 Aldehyde Tanning Agents

                                                       5.1.2.1 Formaldehyde

                                                       5.1.2.2 Glutaraldehyde

                                                       5.1.2.3 Others

                                5.1.3 Vegetable Tanning Agents

                                5.1.3 Others

                5.3 By End-User Application

                                5.3.1 Leather tanning

                                5.3.2 Sun tanning and Personal Care Products

                                5.3.3 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)

                6.1 Asia-Pacific

                                6.1.1 China

                                6.1.2 India

                                6.1.3 Japan

                                6.1.4 South Korea 

                                6.1.5 ASEAN Countries

                                6.1.5 Rest of Asia-Pacific

                6.2 North America

                                6.2.1 United States

                                6.2.2 Mexico

                                6.2.3 Canada

                                6.2.4 Rest of North America

                6.3 Europe

                                6.3.1 Germany

                                6.3.2 United Kingdom

                                6.3.3 Turkey

                                6.3.4 Russia

                                6.3.5 France

                                6.3.6 Italy

                                6.3.7 Spain

                                6.3.8 Rest of Europe

                6.4 Middle East & Africa (MEA)

                                6.4.1 South Africa

                                6.4.2 Saudi Arabia

                                6.4.3 Egypt

                                6.4.4 Rest of MEA

                6.5 South America

                                6.5.1 Brazil

                                6.5.2 Argentina

                                6.5.3 Rest of South America

7. Competitive Landscape

                7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)

                8.1 BASF

                8.2 LANXESS 

                8.3 Viswaat Chemicals Limited

                8.4 Leather International

                8.5 Clariant

                8.6 DyStar Singapore Pte Ltd

                8.7 Stahl Holdings B.V.

                8.8 Schill+Seilacher GmbH

                8.9 Zschimmer & Schwarz & Co KG Chemische Fabriken

                8.10 VÖLPKER SPEZIALPRODUKTE GMBH

                8.11 Ecopell GmbH

                8,12 Silvateam S.p.A.

                8.13 Merck KGaA

                8.14 ANGUS Chemical Company

                8.15 Chemtan Company, Inc.

                8.16 TRUMPLER GmbH & Co. KG

                *List Not Exhaustive

9. Disclaimer

**Subject to availability on public domain

Purchase Report

Our Clients Include View All

Looking to Customize Report?

Complete your payment details below

Shipping & Billing Information

Payment Information