Pune, India -- (SBWIRE) -- 12/26/2018 -- According to MRFR, continuing with the same trends, the global leather dyes market is projected to grow at approximately 5 % CAGR approximately between 2016 and 2023.

The growing leather industry on account of developing domestic as well as commercial market particularly in Asia-Pacific and Europe region has enhanced the global leather dyes market over the forecasted period. The key drivers for the growth of leather dye are the increasing demand of leather apparels, footwear, and automotive industry. However, strict environmental regulations may restrain the leather dye market over the course of the forecast period.

Leather dye used to improve the look, shine, and increase durability of leather product and available an extensive range of shades such as black leather dyes, brown leather dyes, red leather dyes and more suitable for dyeing, most types of leather available at economical prices. Various manufacturing company offers a wide range of dyes to improve the leather appearance and brilliancy. Leather dyeing generally includes the use of spirit or alcohol-based leather dyes where alcohol rapidly gets absorbed into moistened leather.

Company Profile:

Key players of the global leather dyes market are 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), and Others.

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The burgeoning automotive industry also accounts for one of the major contributors to the market growth, perceiving a huge consumption of leather in various products such as seats, seat covers, and other automotive accessories. Leather reflects the exclusivity and luxury nature of the products made with it. Hence, leather is extensively used in making various furnishing & upholstery products and luxury items, which resultantly drive the market growth of luxury dyes invariably.

Additionally, increasing disposable income fuelled by the improving economic conditions worldwide, incentivize people to add value into their house, such as furnishing the home with upholstery and purchasing automotive which may fuel the demand of leather and eventually foster the demand for leather dyes. The cost-effective nature of the product has offered it a greater opportunity to establish itself in major end-uses such as footwear, accessories, and sports.

On the other hand, major companies in the market are focusing on the development of vegan dyes made with all natural products and substances as a major strategy to strengthen their market positions. The development of bio-based products is expected to provide high growth opportunities to leather dyes manufacturers. They are increasingly promoting the assessment of input chemicals through the adoption of manufacturing restricted substances lists (MRSL) and restricted substances lists (RSL). The knowledge gap exists in how to implement hazardous substances control at the factory level.

Market By Segmentaion:

By Types :
Comprises Direct Dyes
Acid Dyes, Basic Dyes
Mordant Dyes
Pre-metalled Dyes
Sulphur Dyes

By Applications :
Natural Leather
Synthetic Leather

By Regions :
North America
Europe, APAC
Rest-of-the-World (RoW)

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Regional Insights:

Geographically, Asia Pacific region is the largest market of leather dyes due to demand in leather industry particularly in China region followed by India, and Japan. Rising demand for leather industry due to increasing consumption of leather products in the India, Bangladesh, Taiwan, and South Korea has made

Asia Pacific largest consumer of the global leather dyes market followed by increasing in the consumption of leather dyes market in Europe region.

Furthermore, the third largest market of leather dyes is North America region followed by Latin America and Middle East.

Latin America witnessed favoring growth of Leather dyes market due to various application such as natural leather, synthetic leather.

Industry Updates:

July 02, 2018 - Tandy Leather Factory, Inc. (US), a specialty retailer of a broad product line including leather, leatherworking tools, such as leather dyes and finishes and do-it-yourself kits announced the opening of its new store in Austin in Texas, bringing its total number of stores to 120 globally. The company has taken this expansion decision based on the growing demand for leather-based products and believes that since the new store is located in a bustling shopping center, will allow the company to expand the customer base, growing continuously.

Geographic insights

The report covers brief analysis of geographical region such as:

North America
US
Canada

Europe
Germany
France
Italy
Netherlands
U.K.
Rest of Europe

APAC
China
India
Japan
Rest of Asia-Pacific

RoW
South America
Middle East
Africa