“Global Polyurethane Sole Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global polyurethane sole market report has been segmented on the basis of raw material, footwear type, and region.
Global Polyurethane Sole Market: Introduction
Polyurethane sole also called as PU sole or footwear polyurethane are hardwearing shoe soles with better mechanical properties. These type of sole are sued in various types of footwear such as leisure, sports, work & safety, and slippers & sandals.
Global Polyurethane Sole Market: Dynamics
Growing footwear industry in developed and developing economies owing to changing living standards and adoption of latest fashion trends is a key factor projected to drive the growth of the potential market over the long run. Properties of polyurethane sole such as high mechanical strength, which makes footwear durable is anticipated to drive the growth of the potential market over the next few years. In addition, increasing demand for sports, slippers & sandals, work & safety, and leisure footwear is estimated to support the growth of the market.
However, stringent regulations regarding use of plastics coupled with fluctuating prices of crude oil are some factors anticipated restrain the growth of the potential market.
Global Polyurethane Sole Market: Raw Material Analysis
Among the raw material segments, the methylene diphenyl diisocyanate segment is anticipated to contribute a major share in the polyurethane sole market. Methylene diphenyl diisocyanate is reacted with polyols along with other additives to manufacture polyurethane sole or footwear polyurethane. Properties of methylene diphenyl diisocyanate such as high degree of resilience and stiffness are estimated to boost the growth of the segment. The toluene diphenyl diisocyanate segment is estimated to grow steadily in the potential market.
Global Polyurethane Sole Market: Footwear Type Analysis
Among the footwear type segments, the slippers & sandals segment is anticipated to register moderate growth rate over the next few years. Increasing demand for slippers & sandals in developing countries is anticipated to augment the growth of the segment over the long run. The work & safety footwear segment is anticipated to grow at a higher growth rate. Growing awareness regarding the safety of workers at the workplace is projected to drive the growth of the segment.
Global Polyurethane Sole Market: Regional Analysis
The Asia Pacific polyurethane sole market is estimated to dominate the target market in terms of revenue over the long run. Increasing demand for footwear owing to rising population coupled with disposable income of individuals is anticipated to augment the growth of the potential market in the Asia Pacific over a few years. In addition, rapid industrialization in countries in the region is projected to boost the growth of the Asia Pacific polyurethane sole market.
The Asia Pacific is Projected to be the largest market for polyurethane sole followed by the market in North America. The polyurethane sole market in North America is anticipated to register steady growth over the next few years. Growing demand for footwear in the region owing to the rising demand for comfortable footwear is estimated to drive the growth of the North America polyurethane sole market. In addition, the presence of a large number of footwear manufacturers in the region is projected to boost the growth of polyurethane sole market in North America.
Global Polyurethane Sole Market Segmentation:
Segmentation by Raw Material:
- Methylene Diphenyl Diisocyanate
- Toluene Diphenyl Diisocyanate
Segmentation by Footwear Type:
- Work and Safety
- Slippers & Sandals
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2027 Revenue in US$
- BASF SE
- Huntsman Corporation
- Asahi Kasei Corporation
- Covestro AG
- The Dow Chemical Company
- Coim Group
- Wanhua Chemical Group Co., Ltd.
- LANXESS Corporation
- The Lubrizol Corporation
- Manali Petrochemicals Limited
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