Leather Chemicals Market Share, Revenue Status, Sales and Segmentation Analysis 2030
Leather Chemicals Market Share Synopsis: Leather products are seen as a mark of luxury, and the rising purchasing power is supporting its growing demand. The rising demand for leather products is likely to fuel the demand for leather chemicals which are used to produce commercial leather from hides and skins of animals. Market Research Future (MRFR)’s study asserts that the global leather chemicals market, valued at USD 6.5 Bn in 2018, is set to scale a decent valuation by 2024, reflecting a CAGR of 6% across the review period 2022 to 2030. The increasing purchasing power of the population has led to an increase in the demand for leather footwear and apparel. This, in turn, is prognosticated to propel the expansion of the leather chemicals market in the nearby future. Also, the rising demand from the automotive industry is projected to help the market players in maximizing profits. However, the rise witnessed in animal activism against the use of leather products is anticipa...