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Leather Tanning & Finishing in the US
IBISWorld, Aug 2011, Pages: 31
Worn out: The industry suffers as demand dwindles and substitutes become cheaper
Leather Tanning & Finishing in the US
Leather industry wearing out
This declining industry has seen better days. In recent years, falling demand from auto, footwear and furniture manufacturers caused double-digit drops in revenue. The industry will stabilize over the coming years, as demand returns slowly, particularly in the global footwear market. However, price-conscious consumers will increasingly favor substitute products made from cheaper materials, such as vinyl and plastic.
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 dying and finishing furs. Firms 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.
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