Leather Coatings Market Trends and Forecast
The future of the global leather coatings market looks promising with opportunities in the artificial leather and genuine leather markets. The global leather coatings market is expected to reach an estimated $1.2 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are growing demand for durable and aesthetic leather products, increasing adoption of eco-friendly coating solutions, and rising disposable income.
• Lucintel forecasts that solventborne is expected to witness higher growth over the forecast period.
• Within this market, artificial leather is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Leather Coatings Market
• United States: Major leather coating companies like BASF and Dow are expanding production capacities to meet rising demand. The government has introduced incentives for eco-friendly coatings to reduce environmental impact.
• China: Local companies such as Longchang Chemicals are focusing on R&D to innovate sustainable leather coatings. Government targets include stricter regulations on VOC emissions from coating processes.
• India: Tanneries like Super Tannery Limited are investing in advanced coatings to enhance leather durability. Government initiatives aim to promote leather exports through quality enhancement and sustainability measures.
• Italy: Leading firms like Stahl and Smit & Zoon are collaborating on eco-friendly leather coatings. The Italian government supports research in bio-based coatings to reduce reliance on petrochemicals and enhance product quality.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Leather Coatings Market by Segment
The study includes a forecast for the global leather coatings market by type, application, and region.
Leather Coatings Market by Type [Value from 2018 to 2030]:
• Solventborne
• Waterborne
• UV
Leather Coatings Market by Application [Value from 2018 to 2030]:
• Artificial Leather
• Genuine Leather
Leather Coatings Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Leather Coatings Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies leather coatings companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the leather coatings companies profiled in this report include-
• DuPont
• TCP Global
• Arkema
• Stahl
• Micro Powders
Recent Development in the Leather Coatings Market
• BASF SE: BASF has launched a new range of sustainable leather coatings aimed at enhancing durability while reducing environmental impact. The coatings utilize advanced polymer technologies to improve water resistance and UV protection, meeting growing consumer demand for eco-friendly products.
• Stahl Holdings BV: Stahl has introduced a novel water-based polyurethane leather coating that offers superior flexibility and breathability. This innovation targets the luxury leather goods segment, emphasizing a balance between aesthetic appeal and functional performance.
• DIC Corporation: DIC has invested in a state-of-the-art facility in Asia for manufacturing high-performance polyurethane coatings tailored for automotive leather applications. This initiative aims to bolster DICÄX%$%Xs presence in the automotive sector by meeting stringent quality standards and increasing production capacity.
• Dow Inc.: Dow has collaborated with leading fashion brands to develop bio-based leather coatings derived from renewable sources. These coatings offer comparable performance to traditional petroleum-based products while significantly reducing carbon footprint, aligning with DowÄX%$%Xs sustainability objectives.
• Clariant International Ltd.: Clariant has launched a series of innovative leather coatings infused with antimicrobial agents. These coatings provide effective protection against microbial growth, catering to the healthcare and hospitality industries where hygiene is paramount.
Features of the Global Leather Coatings Market
Market Size Estimates: Leather coatings market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Leather coatings market size by type, application, and region in terms of value ($B).
Regional Analysis: Leather coatings market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the leather coatings market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the leather coatings market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the leather coatings market size?
Answer: The global leather coatings market is expected to reach an estimated $1.2 billion by 2030.
Q2. What is the growth forecast for leather coatings market?
Answer: The global leather coatings market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the leather coatings market?
Answer: The major drivers for this market are growing demand for durable and aesthetic leather products, increasing adoption of eco-friendly coating solutions, and rising disposable income.
Q4. What are the major segments for leather coatings market?
Answer: The future of the leather coatings market looks promising with opportunities in the artificial leather and genuine leather markets.
Q5. Who are the key leather coatings market companies?
Answer: Some of the key leather coatings companies are as follows:
• DuPont
• TCP Global
• Arkema
• Stahl
• Micro Powders
Q6. Which leather coatings market segment will be the largest in future?
Answer: Lucintel forecasts that solventborne is expected to witness higher growth over the forecast period.
Q7. In leather coatings market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the leather coatings market by type (solventborne, waterborne, and UV), application (artificial leather and genuine leather), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Leather Coatings Market Market, Leather Coatings Market Market Size, Leather Coatings Market Market Growth, Leather Coatings Market Market Analysis, Leather Coatings Market Market Report, Leather Coatings Market Market Share, Leather Coatings Market Market Trends, Leather Coatings Market Market Forecast, Leather Coatings Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.