Pu Sole Market Report
PU Sole (Footwear Polyurethane) Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2025. See less
PU Sole (Footwear Polyurethane) Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2025.
The market is Segmented by Raw Material Type (Methylene Diphenyl Diisocyanate, Toluene Diphenyl Diisocyanate, and Polyols), by Footwear Type (Leisure, Work and Safety, Slippers & Sandals, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The PU sole market was estimated to grow from USD 4.61 billion in 2021 to USD 7.49 billion by 2028 at a CAGR of over 7.03% during the forecast period.
Polyurethane is employed in footwear to deliver seamless blend of microclimate, ergonomics, and contented experience. The premium characteristics of polyurethane as shoe sole material, development in footwear sales, and rising manufacturing in burgeoning economies are anticipated to drive the market.
PU Sole Market - Snapshot
CAGR of 7.03% for the next five years
Major Raw Material Type
Dominant Footwear Type
Region with the highest demand
Asahi Kasei Corporation, BASF SE, Coim Group, Eurofoam Group, Headway Group, Inoac Corporation, Lanxess Aktiengesellschaft, and Manali Petrochemicals.
PU sole or polyurethane sole is also known as a synthetic shoe sole that is light in weight, resistant to abrasion for a perfect shoe manufacturing. Due to its amazing mechanical properties and also the property of water resistance, it is an amazing option for the manufacture of hard shoes.
PU soles are highly responsible for the manufacturing of shoes that are comfortable, greater ease of wearing and flexible in nature. They can be used in manufacturing shoes for all purposes such as leisure, work, safety, sandals, and others.
The market is segmented as methylene diphenyl diisocyanate (MDI), toluene diphenyl diisocyanate (TDI), and polyols. The polyols segment held the largest share and is expected to soar high in the coming five years.
The market is segmented as leisure, work and safety, slippers & sandals, and others. The leisure footwear segment is estimated to depict the highest growth during the forecast period. Leisure footwear is defined as footwear that is used on a regular basis for trend and comfort. Such a footwear also provides a grade of performance for various open-air activities.
Sneakers, loafers, and flat soles are the few types of leisure footwear available commercially. The material selection for soles is a prime factor as soles play a significant part in delivering comfort to users. The engagement of polyurethane in soles presents enhanced flexibility, sturdiness, and comfort, which is bolstering the demand for this segment.
Asia-Pacific is estimated to be the largest and fastest-growing market for PU soles (footwear polyurethane) in the coming five years. China and Indonesia are the growth engines of the region and are anticipated to hold the largest share of the market in the region during the forecast period.
The market is driven by the upsurge in the engagement of PU sole (footwear polyurethane) in leisure, sports, work & safety, and slippers & sandals footwear, which has subsequently augmented the demand for PU sole (footwear polyurethane). North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
Some of the major players in the PU sole market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
The following are the key features of the report:
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The market is expected to witness an impressive growth of 7.03% CAGR in the foreseeable future.
PU sole (Footwear Polyurethane) market are Asahi Kasei Corporation, BASF SE, Coim Group, Eurofoam Group, Headway Group, Inoac Corporation, Lanxess Aktiengesellschaft, and Manali Petrochemicals are among the key players in the market.
Asia-pacific is expected to be the largest market during the next five years.
The leisure footwear segment is expected to witness the highest growth in the market in the coming years.
The polyols segment is expected to sour high in the market during the next five years.
The premium characteristics of polyurethane as shoe sole material, development in footwear sales, and rising manufacturing in burgeoning economies are the factors driving the market growth.
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