Mordor Intelligence released its 2018 list of companies with the highest market share of the global leather chemical market.
According to the report, the top five global players are:
1. Stahl International BV (BASF SE)
Stahl International BV is a provider of process chemicals for leather, performance coatings, and polymers. In October 2017, it acquired BASF’s Leather Chemicals business, which was a part of BASF Performance Chemicals division. The company took over all activities of BASF Leather Chemicals business, including its 210 positions and a production site in Spain. The company’s coating agents used in synthetic leather serve applications, such as water repellents, matte finish, etc.
2. Papertex Specility Chemicals Pvt Ltd
Papertex Speciality Chemicals Pvt Ltd is a manufacturer of a vast range of chemicals. The company’s product portfolio comprises of paper chemicals, retention aid, fixatives, defoamers, fillers, wet & dry strength chemicals, optical brightening agents, water treatment chemicals, such as flocculating agents, plywood chemicals, fillers, extenders, leather chemicals, color & dyes, and textile chemicals, which include binders, bleaching chemicals, scouring agents, wetting agents, and sequestering agents, among others. The company manufactures leather chemicals that are used in the leather industry.
LANXESS is a manufacturer of specialized chemicals. The company’s core business focuses on developing, manufacturing, and marketing of chemical intermediates, additives, specialty chemicals, and plastics. The company operates in the following business segments: Advanced Intermediaries, Performance Chemicals, High-performance Materials, and ARLANXEO. The company has 74 production sites, worldwide, and operates in 25 countries.It manufactures solvent-containing top coat agent for leather. Its application is primarily found in leather, NC-based emulsions, and a solvent containing top coats.
4. ELEMENTIS PLC
Elementis Plc is one of UK’s largest chemical companies. It was founded in 1844 and is headquartered in London. The company operates through three major segments: Specialty Products, Surfactants, and Chromium. Specialty Products is the largest segment of the group and delivers functional additives that increase the flow characteristics and performance of clients’ products in applications, such as paints and coatings, cosmetics, and oil & gas exploration. The Leather Chemical segment offers surface active chemicals that improve the performance of products in the leather industry.
5. Chemtan Company
Chemtan Company was founded in 1947 and unified its operations in New England, United States, in 1958. Chemtan Company manufactures and markets waterproofing products for all kinds of leather, and also manufactures products for processed leather, which is used extensively in beam house and finishing. The company has broad materials portfolio, with strong R&D capabilities to cater to the changing consumer preferences. In addition, the company is focusing on the merger, and acquisition strategies to increase its presence, globally.
Here are some of the other key players mentioned in the market report:
Balmer Lawrie Co. Ltd
Indofil Industries Ltd
Schill Seilacher GmbH Co.
Mordor Intelligence is a market intelligence and advisory firm operating in 16 industry segments, serving over 600 clients across the world.