Tanning Agents Market size is Forecast to Reach $7.42 Million by 2025


Posted October 5, 2020 by rohitkurup99

The chromium salts tanning method is constantly being challenged into contamination and toxicity by environmental groups and foreign regulatory bodies.

 
Tanning Agents Market size is forecast to reach $7.42 million by 2025, after growing at a CAGR of 5.54% during 2020-2025. Owing to its rapid growth in leather production and related products. The chromium salts tanning method is constantly being challenged into contamination and toxicity by environmental groups and foreign regulatory bodies. As a result, new tanning agents have been developed which replace chromium salts partially or entirely. Research and development is aimed at improving alternative methods of tanning. Further, increases the overall market demand for Tanning Agents industry.

Key Takeaways
As a result, new tanning agents have been developed which replace chromium salts partially or entirely. Research and development is aimed at improving alternative methods of tanning.
Inorganic tanning Materials are used as various leather materials, most of them are iron, aluminum, titanium, zirconium and chromium are used in the tanning process.
Because of its fast momentum and a high temperature shrinking property Chrome tanning is commonly used.
Two of the fastest growing markets in leather chemicals is the demand in China and India. The growth of leather chemical intermediates is driven by the rapidly rising boots, leather cars products industries.
Regardless of the increased demand, businesses have been investing considerably in innovation and growth.

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Geography - Segment Analysis
APAC dominated the Tanning Agents Market share with more than 52.69%, followed by North America and Europe. In all the leather industries, China was a key region. The country also takes remedial action by adopting rules on the use of chemical substances in the tanning process. The leather sector of China will probably expand with substantial footwear production. The nation is the world's largest footwear producer and exporter. India has also seen growth in some supplies of raw materials on the market. Even developing countries, such as Pakistan and Ethiopia, there is a high degree of expertise and employment in the leather industry. All in all, the area is expected to develop in footwear, leather tanning industries. 

Drivers – Tanning Agents Market

Rapid Increase in Demand for high Quality Leather 
 
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Tanning Agents Market. Major players in the Tanning Agents Market are Saint Gobain, Silvateam S.p.a., Bayer AG, Brother Enterprises Holding Co., Ltd., and TFL Ledertechnik GmbH & Co. KG, among others. 

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Issued By rohitkurup99
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Categories Business , Manufacturing , Reports
Tags tanning agents market , tanning agents market forecast , tanning agents market growth , tanning agents market report , tanning agents market share , tanning agents market size
Last Updated October 5, 2020