PU Sole (Footwear Polyurethane) Market Size, Share, & Forecast | 2020-25 | Covid-19 Impact Analysis

PU Sole (Footwear Polyurethane) Market Insights 

PU sole (Footwear Polyurethane) market is likely to witness an impressive CAGR of 6.2% 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 global PU sole (footwear polyurethane) market.

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PU Sole (Footwear Polyurethane) Market Share: By Raw Material Type  

 Based on the raw material type, 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.

PU Sole (Footwear Polyurethane) Market Share: By Footwear Type

Based on the footwear type, 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.

PU Sole (Footwear Polyurethane) Market Share: By Region

In terms of regions, 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.

Some of the major players in the PU sole (Footwear Polyurethane) market are Asahi Kasei Corporation, BASF SE, Coim Group, Eurofoam Group, Headway Group, Inoac Corporation, Lanxess Aktiengesellschaft, and Manali Petrochemicals. 

Market Scope & Segmentation

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.

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 PU sole (Footwear Polyurethane) market is segmented into the following categories. 

PU Sole (Footwear Polyurethane) Market Size, Share, & Forecast, by Raw Material Type:

• Methylene Diphenyl Diisocyanate (MDI) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Toluene Diphenyl Diisocyanate (TDI) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyols (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

PU Sole (Footwear Polyurethane) Market Size, Share, & Forecast, by Footwear Type:

• Leisure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Work and Safety (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Slippers & Sandals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

PU Sole (Footwear Polyurethane) Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

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.

Report Features

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:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the raw material types by footwear type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].