Leaders in market research reports ReportsnReports.com has published its Leather Chemicals Market 2014-2018 Global Research Report, and a key emerging trend is increasing demand from the Asia Pacific region, especially China and India. This area is also expected to drive market growth as the region's appetite for luxury leather goods increases.
Analysts predict that the global leather chemicals market, covering the APAC region, Europe, North America and the ROW, will grow at a CAGR of about 3.6% over the period between 2013 and 2018. According to the report, increase in demand from the automotive industry is a major growth driver in the market, as well as demand for lighter leather finishing pigments and anti-soiling leather products.
To rank the leading vendors in the market and calculate market size, the report, gleaned from in-depth market analysis and input from industry experts, scrutinises revenue generated through sales of both wet-end and finishing chemicals. It also presents the vendor landscape and detailed analysis of the top vendors in the global leather chemicals market, in addition to data on different segments of the global leather chemicals market, which are based on criteria such as type, application and geography.
The report also states that stringent regulations have led to increased compliance costs for vendors, and adhering to these regulations and getting certifications is laborious, which can result in rising product costs.