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PORTLAND, Ore., Jan. 12, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled,
"Leather Chemicals Market by Chemicals Type (Tanning & Dyeing Chemicals, Beam House Chemicals, and Finishing Chemicals) and End User (Footwear, Furniture, Automotive, Textile & Fashion, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027". As per the report, the global leather chemicals industry was pegged at $7.5 billion in 2019, and is estimated to hit $11.0 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027.
Rise in use of leather chemicals in end-user industries and benefits of chrome-tanned leather have boosted the growth of the global leather chemicals market. However, harmful impact on the environment of leather chemicals hinders the market growth. On the contrary, advancements in the tanning industry to reduce the production of chromium content in wastewater would open new opportunities for the market players in the coming years.