Leather Chemicals Market to Reach $15B by 2033 on Demand for Sustainable Products
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The global leather chemicals market is projected to reach $15 billion in revenues by 2033, driven by a 6.8% CAGR.
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Polyurethane resins led the market in 2023 with 22.9% revenue share, favored for versatility and eco-friendliness.
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Tanning and dyeing processes dominated in 2023 with over 48% market share, with beamhouse growing at 6.6% CAGR.
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Footwear was the top application in 2023 with over 51% revenue share; upholstery to see 6.5% CAGR.
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Asia Pacific captured over 50% revenue share in 2023 due to abundant raw materials and major manufacturer presence.