Market Forecast By Product (Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, Sodium Bicarbonate, Others), By Process (Tanning & Dyeing, Beamhouse, Finishing), By End-users (Footwear, Upholstery, Garments, Leather Goods) And Competitive Landscape
Product Code: ETC039044 | Publication Date: Jan 2021 | Updated Date: Nov 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Mexico Leather Chemicals market currently, in 2023, has witnessed an HHI of 3081, Which has increased slightly as compared to the HHI of 2206 in 2017. The market is moving towards concentrated. 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 fewer numbers of players or countries exporting in the market.
Mexico Leather Chemicals Market report thoroughly covers the market by product, process and end-users. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Mexico's leather chemicals market is expected to increase steadily between 2024 and 2030. This rise can be due to rising demand for leather products in a variety of industries, including automotive, fashion, and footwear. Furthermore, the government's measures to promote sustainable manufacturing methods are propelling the market forward.
According to 6Wresearch, Mexico Leather Chemicals Market size is expected to grow at a significant CAGR of 4.2% during 2024-2030. The leather chemicals market in Mexico is predominantly driven by the robust growth of the footwear and automotive industries, which are major consumers of leather products. Increasing exports of leather goods to international markets also stimulate demand for leather chemicals, which are essential for processes like tanning, dyeing, and finishing. Furthermore, the rising trend of high-quality and aesthetic leather products has led to innovations in chemical formulations, boosting the Mexico Leather Chemicals Market growth. However, the market encounters several challenges, such as strict environmental regulations concerning the disposal and treatment of chemical effluents from tanneries, prompting companies to adopt eco-friendly alternatives. Fluctuations in raw material prices also pose a risk, impacting the cost structure of leather chemicals production. Additionally, competition from synthetic substitutes, which offer cost-effective and sustainable benefits, adds pressure on the market.
The growing use of bio-based leather chemicals is one of the noteworthy trends observed in the Mexicoย leather chemicals market. Manufacturers are increasingly using natural sources, such as plant extracts, to produce leather chemicals because to the increased demand for eco-friendly and sustainable products. This trend is predicted to continue. Furthermore, the leather sector is increasing efficiency, cutting expenses, and guaranteeing constant product quality through the use of automation and digitization. The need for sophisticated leather chemicals that work with these technologies is therefore growing. The future of the Mexican leather chemicals business is being shaped by this move toward sustainability and innovation.
The market for leather chemicals in Mexico offers significant revenue prospects because of its dynamic nature and growing demand for premium leather goods. Working together with leather producers to provide environmentally friendly solutions is one important way to meet the rising need for sustainable production. Chemical producers can collaborate with tanneries to develop creative, environmentally friendly formulations as the sector places a greater emphasis on sustainability. In order to improve the tanning process and raise the caliber of leather goods, product innovation is also continuously needed. Companies may maintain their competitiveness and satisfy changing market demands by investing in research and development to introduce new, cutting-edge chemicals.
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BASF SE, Stahl Holdings BV, Lanxess AG, Schill + Seilacher GmbH, TFL Holding GmbH, Zschimmer & Schwarz Holding GmbH & Co KG, Tanac S.A., and Chemtan Company Inc. are a few of the major companies in the Mexicoย leather chemicals market. These businesses are significant market participants, providing a variety of leather chemicals for use in tanning, finishing, and waterproofing procedures. They make significant investments in R&D to stay ahead of the competition and offer high-quality, environmentally friendly solutions that satisfy the increasing need for sustainable leather production.
The Mexican government has taken a number of steps to encourage environmentally friendly leather sector production methods. To reduce the impact on the environment, stringent environmental laws pertaining to the usage and disposal of chemicals in the leather production process are enforced. The government also promotes the use of environmentally beneficial methods, like chrome-free tanning, which uses fewer hazardous chemicals and produces less waste. These programs, which aim to lessen the carbon footprint of the leather sector while promoting the switch to greener alternatives, are a part of Mexico's larger commitment to sustainability and environmentally friendly industrial methods.
The Mexico leather chemicals market is expected to grow significantly as demand for high-quality leather products rises. The need for creative, environmentally friendly leather chemicals will be fueled by the growing emphasis on sustainability and the uptake of cutting-edge technologies. In order to satisfy changing consumer expectations, manufacturers are expected to give priority to sustainable alternatives, such as tanning techniques that are bio-based and chrome-free. Furthermore, the market is expected to present profitable prospects for investors and manufacturers due to supportive government regulations that encourage environmentally friendly manufacturing techniques. Increased demand, new technology, and government assistance will probably all contribute to this dynamic market's continuous growth.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch, the tanning and dyeing process segment is anticipated to lead. This is because it plays a vital part in improving the toughness and look of leather goods, which makes them appropriate for a range of end-use applications, including clothing, leather goods, upholstery, and shoes.
The strong domestic and international demand for leather shoes and other footwear items has made the footwear segment the market leader for leather chemicals in Brazil. In order to improve the quality and longevity of footwear, this increasing demand drives the need for specific leather chemicals.
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 Mexico Leather Chemicals Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Leather Chemicals Market Revenues & Volume, 2020 & 2030F |
3.3 Mexico Leather Chemicals Market - Industry Life Cycle |
3.4 Mexico Leather Chemicals Market - Porter's Five Forces |
3.5 Mexico Leather Chemicals Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Mexico Leather Chemicals Market Revenues & Volume Share, By Process, 2020 & 2030F |
3.7 Mexico Leather Chemicals Market Revenues & Volume Share, By End-users, 2020 & 2030F |
4 Mexico Leather Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mexico Leather Chemicals Market Trends |
6 Mexico Leather Chemicals Market, By Types |
6.1 Mexico Leather Chemicals Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Mexico Leather Chemicals Market Revenues & Volume, By Product, 2020 - 2030F |
6.1.3 Mexico Leather Chemicals Market Revenues & Volume, By Biocides, 2020 - 2030F |
6.1.4 Mexico Leather Chemicals Market Revenues & Volume, By Surfactants, 2020 - 2030F |
6.1.5 Mexico Leather Chemicals Market Revenues & Volume, By Chromium Sulfate, 2020 - 2030F |
6.1.6 Mexico Leather Chemicals Market Revenues & Volume, By Polyurethane Resins, 2020 - 2030F |
6.1.7 Mexico Leather Chemicals Market Revenues & Volume, By Sodium Bicarbonate, 2020 - 2030F |
6.1.8 Mexico Leather Chemicals Market Revenues & Volume, By Others, 2020 - 2030F |
6.2 Mexico Leather Chemicals Market, By Process |
6.2.1 Overview and Analysis |
6.2.2 Mexico Leather Chemicals Market Revenues & Volume, By Tanning & Dyeing, 2020 - 2030F |
6.2.3 Mexico Leather Chemicals Market Revenues & Volume, By Beamhouse, 2020 - 2030F |
6.2.4 Mexico Leather Chemicals Market Revenues & Volume, By Finishing, 2020 - 2030F |
6.3 Mexico Leather Chemicals Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Mexico Leather Chemicals Market Revenues & Volume, By Footwear, 2020 - 2030F |
6.3.3 Mexico Leather Chemicals Market Revenues & Volume, By Upholstery, 2020 - 2030F |
6.3.4 Mexico Leather Chemicals Market Revenues & Volume, By Garments, 2020 - 2030F |
6.3.5 Mexico Leather Chemicals Market Revenues & Volume, By Leather Goods, 2020 - 2030F |
7 Mexico Leather Chemicals Market Import-Export Trade Statistics |
7.1 Mexico Leather Chemicals Market Export to Major Countries |
7.2 Mexico Leather Chemicals Market Imports from Major Countries |
8 Mexico Leather Chemicals Market Key Performance Indicators |
9 Mexico Leather Chemicals Market - Opportunity Assessment |
9.1 Mexico Leather Chemicals Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Mexico Leather Chemicals Market Opportunity Assessment, By Process, 2020 & 2030F |
9.3 Mexico Leather Chemicals Market Opportunity Assessment, By End-users, 2020 & 2030F |
10 Mexico Leather Chemicals Market - Competitive Landscape |
10.1 Mexico Leather Chemicals Market Revenue Share, By Companies, 2023 |
10.2 Mexico Leather Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |