Leather Tanning & Finishing in the US - Industry Market Research Report

Leather Tanning & Finishing in the US - Industry Market Research Report

  • November 2020 •
  • 51 pages •
  • Report ID: 322993 •
  • Format: PDF
Smooth finish: A recovering global economy is projected to drive industry export growth

Abstract

Leather Tanning & Finishing in the US
Companies in the Leather Tanning and Finishing industry process, tan and finish animal hides using a variety of methods to increase the durability and versatility of the material. Over the five years to 2019, the industry has declined as a result of unprecedented leather price volatility. In 2014, a peak in leather prices caused producers to increase production and downstream users to adopt substitutes. In 2015, the price of leather declined drastically as the price for animal hides decreased due to an oversupply and mounting concerns regarding an economic slowdown in China, the industry’s largest export market. However, declines have been slightly offset by increasing downstream demand from automotive manufacturers during the current period. The price of leather is expected to decrease over the five years to 2019 due to both global and domestic trends affecting the price of animal hides. In early 2015, increased environmental regulation in China led to the closure of numerous tanneries decreasing the need for imported animal hides while, in response to record demand in 2014, domestic producers were increasing production output. Over the five years to 2024, an expected decline in the trade-weighted index is projected to drive export growth as a weaker dollar makes domestic goods more competitive in global markets.

Companies in this industry are involved in the following activities: tanning, currying and finishing hides and skins; having others process hides and skins on a contract basis; and dyeing and finishing furs. Operators in this industry generally purchase or obtain raw skins from slaughterhouses and treat and dye them to create finished leather.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.