Global leather chemicals market to reach $4.5 billio - leatherbiz: Lea Leatherbiz

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Global leather chemicals market to reach $4.5 billion by 2015, report says

07/07/2010
The global leather chemicals market, including colourants and chemicals that are used for tanning, dyeing, re-tanning, and finishing, will be worth an estimated $4.5 billion by 2015, according to a new report from California-based research company Global Industry Analysts.

Asia-Pacific, Europe, and North America account for over 90% of the share of the global leather chemicals market the report said. It expects growth to come from expanding leathergoods and leather production markets and talks of "resurgent demand" for leather from the footwear and automotive industries.

It goes on to say that a major issue facing the market relates to the adverse environmental impact caused by some of the chemicals currently in use. "Growing awareness about environmentally friendly products and processes, and the need to comply with regulatory specifications is contributing to the uptake of eco-friendly leather chemicals," Global Industry Analysts have explained.

The report provides a review of the latest market trends, product introductions and innovations, and recent industry activity. The study analyses market data in terms of sales values for different regions of the world.


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