Product Code: ETC039065 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Leather Chemicals Market registered a decline of -3.26% in value shipments in 2022 as compared to 2021 and a decrease of -4.48% CAGR in 2022 over a period of 2017. In Leather Chemicals Market India is becoming more competitive as the HHI index in 2022 was 1715 while in 2017 it was 1931. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Leather Chemicals Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Leather Chemicals Market in 2022 was 0.51 while in 2017 it was 0.52. Italy, Netherlands, Germany, Spain and China were among the top players of the market in 2022, where Italy acquired the largest market share of 30.72% with a shipment value of 4.29 million USD in 2022 Italy also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Leather Chemicals Market. In 2017 Italy had the largest market share of 34.21% with the shipment value of 6.49 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Italy offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Leather Chemicals Market in 2017.
India Leather Chemicals Market is expected to witness a CAGR of 6.5% during the forecast period (2020-2026). The growth in this market can be attributed to factors such as increasing demand for leather chemicals from automotive, furniture and footwear industries, focus on producing eco-friendly products, growing awareness about the use of natural ingredients in tanning processes and stringent environmental regulations.
• Growing Demand from Automotive Industry: The automotive industry is among one of the key end user segments driving the India leather chemicals market. Increasing production and sales of vehicles globally are resulting in an increased demand for leather upholstery materials used inside cars which is expected to drive the consumption of leather chemicals over the forecast period.
• Focus on Producing Eco-Friendly Products: In recent years, there has been an increasing trend towards using eco-friendly products across various industries including automotive and furniture applications. This has led manufacturers to focus more on developing biodegradable or non-toxic products which require less energy & water resources along with lesser processing time during manufacturing process compared to traditional synthetic based materials. This factor will play a pivotal role in driving India’s leather chemicals market over the coming years.
High Price Volatility: Fluctuations in prices of raw materials used for manufacturing synthetic based dyes & finishes are likely to hinder overall revenue generation opportunities pertaining to India’s Leather Chemical industry over 2020-2026 timeline . Furthermore , rising labor cost also adds onto existing problems making it difficult for manufacturers operating at small scale sector level .
Expansion Plans by Key Players : Major players involved in manufacture & supply chain activities related with Indian Leather Chemicals Market have recently announced their expansion plans such as setting up new facilities or investing into research & development projects aimed at improving product quality standards . These investments would not only help companies improve their brand positioning but also support them garner greater profits from potential customers located within domestic landscape.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Leather Chemicals Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Leather Chemicals Market Revenues & Volume, 2019 & 2026F |
3.3 India Leather Chemicals Market - Industry Life Cycle |
3.4 India Leather Chemicals Market - Porter's Five Forces |
3.5 India Leather Chemicals Market Revenues & Volume Share, By Product, 2019 & 2026F |
3.6 India Leather Chemicals Market Revenues & Volume Share, By Process, 2019 & 2026F |
3.7 India Leather Chemicals Market Revenues & Volume Share, By End-users, 2019 & 2026F |
4 India Leather Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Leather Chemicals Market Trends |
6 India Leather Chemicals Market, By Types |
6.1 India Leather Chemicals Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Leather Chemicals Market Revenues & Volume, By Product, 2016 - 2026F |
6.1.3 India Leather Chemicals Market Revenues & Volume, By Biocides, 2016 - 2026F |
6.1.4 India Leather Chemicals Market Revenues & Volume, By Surfactants, 2016 - 2026F |
6.1.5 India Leather Chemicals Market Revenues & Volume, By Chromium Sulfate, 2016 - 2026F |
6.1.6 India Leather Chemicals Market Revenues & Volume, By Polyurethane Resins, 2016 - 2026F |
6.1.7 India Leather Chemicals Market Revenues & Volume, By Sodium Bicarbonate, 2016 - 2026F |
6.1.8 India Leather Chemicals Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 India Leather Chemicals Market, By Process |
6.2.1 Overview and Analysis |
6.2.2 India Leather Chemicals Market Revenues & Volume, By Tanning & Dyeing, 2016 - 2026F |
6.2.3 India Leather Chemicals Market Revenues & Volume, By Beamhouse, 2016 - 2026F |
6.2.4 India Leather Chemicals Market Revenues & Volume, By Finishing, 2016 - 2026F |
6.3 India Leather Chemicals Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 India Leather Chemicals Market Revenues & Volume, By Footwear, 2016 - 2026F |
6.3.3 India Leather Chemicals Market Revenues & Volume, By Upholstery, 2016 - 2026F |
6.3.4 India Leather Chemicals Market Revenues & Volume, By Garments, 2016 - 2026F |
6.3.5 India Leather Chemicals Market Revenues & Volume, By Leather Goods, 2016 - 2026F |
7 India Leather Chemicals Market Import-Export Trade Statistics |
7.1 India Leather Chemicals Market Export to Major Countries |
7.2 India Leather Chemicals Market Imports from Major Countries |
8 India Leather Chemicals Market Key Performance Indicators |
9 India Leather Chemicals Market - Opportunity Assessment |
9.1 India Leather Chemicals Market Opportunity Assessment, By Product, 2019 & 2026F |
9.2 India Leather Chemicals Market Opportunity Assessment, By Process, 2019 & 2026F |
9.3 India Leather Chemicals Market Opportunity Assessment, By End-users, 2019 & 2026F |
10 India Leather Chemicals Market - Competitive Landscape |
10.1 India Leather Chemicals Market Revenue Share, By Companies, 2019 |
10.2 India Leather Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |