Indian leather chemicals market to reach Rs. 2,800-cr. by 2019

摘要

Chemicals required at different stages of leather processing-beam-house, tanning and finishing-are expected to witness growing demand over the next five years in India. Growing domestic and export demand for leather products, coupled with favorable government policies, will be the main drivers of growth. As per a recently published report-India Leather Chemicals Market Forecast & Opportunities, 2019-by TechSci Research, a management consultancy firm, India's leather chemicals market is projected to touch revenues of Rs. 2,800-crore (US$465-mn) by 2019. A major fac-tor determining a leather chemical's success over the coming years would be its compliance with international regulations like REACH. European countries account for a majority of Indian leather exports, and Indian leather manufacturers are increasingly using chemicals that comply with these European norms.