The latest Leatherbiz Market Intelligence newsletter went live in the website on January 24. With the Lunar New Year holiday following so closely after Christmas this year, the report suggests that the leather pipeline has still to get going properly in 2023. Though, a lot is riding on a potential recovery in China.
The Chinese-owned electric car brand publishes a Total Life Cycle Assessment (LCA) to calculate the carbon emissions of materials used in the construction of its cars. PVC-based finishes are "the worst of the worst". Leather is more environmentally friendly because it is a by-product of the meat industry. But Polestar does not want to help increase meat production. Buy leather only if its value is less than 1% of the value of the whole cattle. [Polestar slams industry 'greenwashing' - GoAuto]
Michigan officials found that sludge contaminated with heavy metals and PFAS was used to fertilize agricultural fields. Here the automotive tannery Eagle Ottawa Leather Company, spread tannery waste on farmland until 2006. It is not known whether tanneries across the nation also follow this practice. The Michigan PFAS Action Response Team is investigating the extent of the contamination. [PFAS found in groundwater where tannery spread sludge to fertilize crops - Michigan Radio]
According to “the global leather chemicals industry” report, leather chemicals was worth $7.5 billion in 2019 and is estimated to reach $11.0 billion by 2027, recording a CAGR of 6.4% from 2020 to 2027. This is reported by the Digital Journal
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