Leather Glue Demand to Witness a CAGR of Around 5%
According to latest research by Fact.MR, leather glue market is set to witness steady growth during 2021-2031. Demand for leather glue will witness growth in the coming years, owing to the increase in demand for leather products globally.
What is Driving Demand for Leather Glue?
Evolving demand for quick dry adhesive and soak less adhesive for sticking and fixing leather products continue to drive the demand for leather glue. In past few years, the leather industry has grown significantly. Leather manufacturing companies are using leather glue to replace traditional adhesives which soaks in leather after use, as this adhesive sometime damages the leather and increase the loss for manufacturers. Apart from this, wheel and wheel tube manufacturing companies also consume leather glue to fix leakages in tires and wheels.
Additionally, leather glue plays an important role in the footwear industry. Continuously growing footwear industry due to rapid changes in design and new advanced shoes for both formal and sports use has boosted the market in the past few decades. Apart from the change in design and advancement in shoes functionalities, the market is growing significantly due to increase in adaptation of technology in shoes industry. Footwear companies hold the largest share of leather glue followed by other leather product manufacturers. Leather glue helps to fix formal shoe soles with the leather body, and other decorative products used in shoes.
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Asia Pacific Leather Glue Demand Outlook
Asia Pacific has been the leading market for leather glue globally. A large proportion of shoes worn by world population are manufactured in Asia Pacific. Asia Pacific accounts for more than 20% share of the global leather glue demand.
India and China dominate the market of leather glue in Asia Pacific. Growing footwear industry in India has supported the growth of the leather glue sales. For instance, recently, German footwear brand Von Wellx partnered with Iatric Industries Pvt Ltd. to shift their manufacturing plant from China to India. Von Wellx is expected to generate employment for more than 2000 people and it will produce more than 2.5 million pairs across different segment annually. This will raise the demand for leather glue procurement in India.
Who are the Key Manufacturers and Suppliers of Leather Glue?
Some of the leading leather glue manufacturers includes Benson Polymers Limited,
- FAC GB SRL
- RENIA GESELLSCHAFT MBH
- 3M Company
- Gorilla Glue Company
- Megabond (Huangshan) Adhesive Co. Ltd.
- Foshan Madoff Chemical Co. Ltd.
- Shandong Pinguan New Material Co. Ltd.
- CHEMMER ENTERPRISE CO. LTD.
- Changzhou Melic Decoration Material Co. Ltd.
- E.Sadoshima & Co. Ltd
By Resin Type
By End User
- Footwear Industry
- Garment Industry
- Leather Industry
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa