Cosmetic Industry Based Tanning Agents Market Is Expected To Have A Higher Growth Rate Till 2030

Tanning Agents Market: Regional Outlook

From regional perspective, East Asia holds largest market share owing to the positioning of the majority of the leather manufacturers in the region. Followed by East Asia, South Asia & Oceania is set to grow at a rapid pace owing to the increasing demand for tanning agents in the region.

India and Thailand possess the maximum potential in the region. South Asia & Oceania and East Asia together account for more than half of the global tanning agents market and are expected to grow at a higher single digit CAGR over the forecast period.

Followed by South Asia & Oceania, Americas account for near 10% of the global tanning agents market. Europe account for over one-tenth of the global tanning agents market and is set to grow at a nominal pace over the forecast period. Market has low potential in Middle East & Africa region owing to the absence of major leather manufacturers in the region.

Tanning Agents Market: Key Players

The global tanning agents market is moderately consolidated with. Bayer AG, LANXESS, Leather International, BASF are among the prominent players in leading the tanning agents market The purposeful initiative taken by the European headquarters to treat the process of tanning by using zirconium as the alternative in substitute with the chromium free process of making a solution of hides and solvent drives to acquire a major market share of the tanning agents Globally. The Asia–pacific region is having the lustorous Market share followed by the European Regions In context with the development of leather Industry and Varied Cosmetic Products.