Global PU Sole Market Overview:
The global PU Sole market is expected to grow in the forecasted period due to the growing demand for footwear that ought to be long-lasting, comfortable, and strong for purpose, along with being affordable. PU soles are light and abrasion resistant¸ which makes it perfect for the manufacturing of hard-wearing shoes. the growing middle-class population in developing countries, consumers are in constant need of trendy and fashionable footwear. The need for comfortable, trendy and branded footwear among all age groups will propel the global footwear market. These factors will significantly trigger the consumption and revenue growth of the global PU sole material market. Some of the key players profiled in the study are Rubber Italy SRL (Italy), BASF SE (Germany), Covestro (Germany), DowDuPont (United States), Huntsman (United States), Wanhua Chemical Group (China), Coim Group (Italy), DAMAN Textiles (India), MarvelVinyls (India) and United Decorative Private Limited (India). According to Market Analyst at AMA, the Global PU Sole market may see a growth rate of 4.9%
On the basis of geography, the market of PU Sole has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material, the sub-segment i.e. Methylene Diphenyl Diisocyanate (MDI) will boost the PU Sole market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender Type, the sub-segment i.e. Men will boost the PU Sole market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Shoe stores will boost the PU Sole market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Superior Properties of Polyurethane as Shoe Sole Material
- Growing Production across the World
Market Trend
- Growing Footwear Industries Sales Worldwide
- Increasing Demand for Comfortable Footwear than Traditional Footwear
Restraints
- Hazardous Impact on Human Health and Environment
Opportunities
- Changing Fashion Trends
- High Demand due to Rapid Urbanization
Challenges
- The Volatile Raw Material Prices
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Target Audience:
Raw Material Suppliers, PU Sole Manufacturers, Companies in Footwear Manufacturers, Government & Industry Associations, Regulatory Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global PU Sole market on the basis of product [] , application [Sports Shoes, Leisure Shoes, Slippers & Sandals, Work & Safety Shoes and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the PU Sole market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the PU Sole industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Jasch International Limited (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the PU Sole market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.