Leather dyes are dyes added to synthetic or natural leather to increase its synthetic appeal. They are applied to the material after tanning. It allows in the creation of new tones and hues. They are used in the textile industry to enhance the appeal of the product and its lightfastness. The global leather dyes market report by Market Research Future (MRFR) comprises an enumerated list of drivers, challenges, trends, opportunities, and threats for the period of 2020 to 2027 (forecast period).
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Market Scope
The global leather dyes market is estimated to expand at 4.5% CAGR during the forecast period. The growing demand for leather products is primarily driving the market. The use of dyes to add gloss, smoothness, and improve the texture of the product will bode well for the market. Rise of environmental regulations and preference of eco-friendly and non-toxic leather dyes will create a plethora of opportunities for players.
Development of high fastness dyes is likely to fuel the market growth during the forecast period. These dyes are temperature-resistant and will be permanent despite incurring a number of washes. The global market for dyestuffs is expected to be paramount in the demand for leather dyes. Growth of the textile industry and small-scale industries will lead to investments from government and private firms. Export to countries of Japan, Switzerland, U.K., Turkey, Singapore, Germany, and the U.S. can ensure a continuous demand in the market.
However, health problems posed by leather dyes can restrain market growth.
Segmentation
The global market of leather dyes is segmented by type and application.
Based on type, the global market has been classified into pre-metaled dyes, direct dyes, basic dyes, acid dyes, mordant dyes, sulphur dyes, and others.
Based on application, the global market has been bifurcated into natural leather and synthetic leather.
Regional Analysis
The global leather dyes market is analyzed for five major regions, namely, North America, Asia Pacific (APAC), Europe, Latin America, and the Middle East & Africa (MEA).
APAC is pegged to lead the market till 2027 and will exhibit a superb growth rate during the forecast period due to the expanding textile industry. China is one of the biggest consumers of leather dyes and will be highly lucrative for the market in the coming years. This can be attributed to the rise of disposable income levels of consumers and consumer demand for leather products. The export of leather from APAC can fuel the global market valuation. According to the India Brand Equity Foundation (IBEF) report, exports of leather items from India were valued at USD 3.05 billion from April to October 2018.
Europe can register significant growth due to the wide usage of dyes in technical leather textile, clothing, and domestic clothing. Presence of major players such as Clariant International, Lanxess AG, and others are likely to influence the market growth in the region.
MEA and Latin America are both expected to show stupendous growth rates in the global market owing to the rise of industrialization and an increase in expendable income levels of consumers.
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Competition Outlook
BASF SE, Synthesia, a.s, Lanxess AG, Krishna Industries, Clariant International Ltd., Dow, J. K. Colors, Colorex Chemical Co., Inc., Kolor Jet Chemical Pvt. Ltd., and Prima Chemicals are key players of the global leather dyes market.
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