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The Automotive Industry Is Set To Provide A Platform For The Fatliquoring Agents Market Growth

12-20-2021 03:12 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Fatliquoring agents serve the purpose of softening leather material by using fats and an oil following tannage before the leather is dried up. Owing to the utilization of significant amounts of fatliquoring agents in leathers is expected to foray fatliquoring agents market ahead with a higher single-digit CAGR over the assessment period.

Demand for fatliquoring agents has surged owing to the bandwagon effect observed amongst leather manufacturers. Key consumers of fatliquoring agents are Kering S.A, Hermes, Samsonite, Tapestry and Adidas have played major role in fatliquoring agents market growth.

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Segmentation Analysis of fatliquoring agents market

The global fatliquoring agents market is divided into four major segments: material type, end use, form and region

On the basis of material type, fatliquoring agents market has been segmented as follows:

Polymer
Natural fats
Synthetic oils
Mineral oils

On the basis of form, fatliquoring agents market has been segmented as follows:

Solid
Liquid

On the basis of end user application, fatliquoring agents market has been segmented as follows:

Leather industry
Automotive industry
Others

On the basis of geographic regions, fatliquoring agents market is segmented as

North America
Europe
Latin America
East Asia
South Asia and Oceania
Middle East & Africa

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Fatliquoring Agents Market: Key Players
Being a moderately consolidated market, players have dominant presence across regions through streamlined distribution networks. BASF SE, Stahl leather international, LANXESS, Bayer AG, Clariant AG etc. are amongst the prominent players in fatliquoring agents market accounting for majority of the market shares.

Long term supply and two-tariff plans are set to secure the market position for prominent players and regional clusters. Thus adopting these long-run and medium-run strategies in fatliquoring agents market along with developing low cost substitutes could provide titans with lion’s share of the market.

How will Fatliquoring Agents Sales Grow in 2021 and Beyond?

The Fatliquoring Agents industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.

Overall, demand for Fatliquoring Agents will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.

Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.

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The market study addresses the following queries related to the global Fatliquoring Agents market:

Which region is likely to account for the maximum market share in 2031?
What are the most notable advancements in the global Fatliquoring Agents market?
What strategies are players adopting to expand their presence in the global Fatliquoring Agents market?
Which trends are projected to disrupt the Fatliquoring Agents market in the upcoming years?
What will be the Y-o-Y growth of the Fatliquoring Agents market between 2021 and 2031?

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