Market Research Future Published a Half Cooked Research “Global Leather Dye Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023.
Lanxess AG (Germany), BASF SE (Germany), Clariant International Ltd. (Switzerland), Colorex Chemical Co., Inc. (US), The Dow Chemical Company (US), Krishna Industries (India), Kolor Jet Chemical Pvt. Ltd. (India), J. K. Colors (India), Prima Chemicals (India), Synthesia, a.s (Europe), are among some of the prominent players at the forefront of competition in the Global Leather Dye Market and are profiled in MRFR Analysis.
Leather dye Market – Market Overview
According to MRFR analysis, the Global Leather Dyes Market is projected to expand at significant growth rate of nearly 5.0 % during 2016 to 2023. Generally, the Leather Dye is used to improve the luster, shine, appearance and most importantly increases durability of leather. Numerous manufacturing companies offers a wide range of dyes to improve the leather appearance and brilliancy. The growing Leather Industry is witnessing sizeable gain on account of surging demand form the domestic market of core manufacturers as well as from the global market. Asia Pacific is the fastest growing region in this market with Europe following the growth trajectory. The major factors driving the growth of the Global Leather Dye Market includes are the increasing demand of leather from apparels, accessories, footwear, and automotive industry. However, the stringent environmental regulations may hamper growth of the market in coming years.
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Leather dye Market- Competitive Landscape
The Global Leather Dye Market is on the rise and gradually growing at substantial rate during the recent years with considerable number of leading players operating in this market. The major factors driving growth of this market is the growing demand for the product from various leather accessories and fashion wears. In addition to this, the collaborations and strategic alliances between the markets players is improving the overall scenario during the forecast period. The key players in this market have adopted various strategic measures to expand their global footprint and improve their market position. The prominent strategies adopted by the most companies in the Global Leather Dye Market were merger, acquisition, expansion, and agreements. Moreover, almost all of them are adopting the product launch and collaboration tactics to strengthen their market position and sustain the competition. Remarkable growth of end use industries, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors operating in the global leather dye market. Considering these trends, the Global Leather Dye Market is poised to witness considerable competition over the forecast period of 2017-2023.
Industry/ Innovation/ Related News:
February 17, 2017- Germany based Specialty chemicals company, LANXESS came up with an innovative, sustainable solutions and ideas at ACLE (All Chinese Leather Exhibition) 2017, in Shanghai. It includes, new re-tanning agents with optimized molecular weight distribution and new water based dyes for finishing, along with LANXESS’s Liquid Purification Technologies (LPT) business unit, which supplies the industry with high performance products for effective water treatment, will also be represented at the exhibition.
February 1, 2017- BASE SE, the Germany based chemical giant presented an innovative solutions at the 32nd India International Leather Fair (IILF) 2017. BASF will present innovative solutions that allow tanners to add value and create differentiation for their products. The demonstration by BASF includes, DryFast beamhouse system which reduces water consumption, effluents and processing time, and has been found to bring consistency in the quality of leather. The company will also present its new range of excellent PVC migration fastness spray dyes, starting with Eukesolar® Black MB liquid which helps customers to fulfill both performance requirements in the market as well as ecological legislations.
July 22, 2016- The Italy based leather chemicals manufacturer Codyeco has recently announced the acquisition of a leather finishing products manufacturer Kemiter, which is specialized in the manufacturing finishing products, with a particular focus on liquid dyes.
March 23, 2017- The Stahl Group, headquartered in Singapore, one of the leading company that engages in process chemicals for leather products and performance coatings, signed an acquisition agreement with BASF SE’s leather chemicals business. The leather chemicals business BASF is a part of its Performance Chemicals Division. Under the terms on an agreement, BASF received 16 percent of the equity of Stahl and they will supply significant volumes of leather chemicals to Stahl under mid to long-term supply agreements.
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