Deliming Agent Market Trends

Growth Drivers

• Stringent Environmental Regulations - The strict environmental restrictions pertaining to the tanning and textile industries are a significant driving force behind the deliming agent market. Several areas implemented environmental regulations in 2023 to limit the release of dangerous substances into waterways. Consequently, the companies were forced to implement environmentally friendly procedures and deliming agents with lower environmental impact. It is projected that during the projection period, there will be a continued push toward sustainability. For instance, in October 2022, Arcadis, a leading company stated that it had created a biodegradable cleaning solution that is intended to eliminate the difficult-to-eradicate PFAS layers from fire suppression systems. Fluoro Fighter is a part of the company's broader objective to assist clients and communities in enhancing their environmental sustainability efforts. It is based on a proprietary reagent that Arcadis initially created in 2017.
• Increased Technological Advancements in Deliming Agents Solutions - The ongoing research and improvement of deliming agents is the third factor. To provide more effective and efficient deliming agents that guarantee high quality while also cutting down on processing time and resource consumption, manufacturers are spending on research and development. The formulation of deliming agents underwent several improvements in 2023, increasing their adaptability and environmental friendliness. As businesses implement these better products during the projection period, these advancements are expected to propel market expansion.
• Growing Deployment in the Textile Industry - Apart from the leather industry, the deliming agent market is growing because of the textile sector. The textile industry uses deliming agents, especially salt deliming agents, to improve the quality of textile goods by eliminating contaminants. In 2022, the textile sector experienced growth as a result of the rising demand for textiles and apparel. Throughout the projected period, there will likely be a rise in demand for deliming agents due to the textile industry's continued growth. For instance, in 2024, the value added in the textile industry is expected to reach USD 171.10 billion.

Challenges

• Fluctuating Price of Raw Materials - The deliming agent market is significantly hampered by the price volatility of raw materials. Price volatility was observed in the market for important raw materials utilized in the production of deliming agents. This had an impact on production costs, which made it difficult for manufacturers and end users to set prices. It is expected that the price volatility of raw materials will continue during the projection period, necessitating the use of cost management methods by manufacturers.
• Higher Costs of the Product may Impede the Deliming Agent Market Growth
• Harmful Effects of the Agents may Hinder the Growth of the Market