Global Polyurethanes in Footwear Market Overview:
Polyurethane in the footwear industry highly adopted for comfortable, long-lasting, and fit footwear. Polyurethanes helps designers to meet all of these growing needs of the consumers. It is a light but highly abrasion-resistant polyurethanes which is perfect for hardwearing shoe soles, advanced mechanical properties. In the polyurethane sector, polyurethanes cover a wide range of footwear types. It is best known for sports and trekking shoes and boots. They are also widely used for business and fashion shoe soles. It is also adopted for the military shoes. Some of the players profiled in the study are BASF (Germany), Covestro (Germany), DuPont (United States), Huntsman Corporation (United States), Lubrizol (United States), Coim Group (Italy), Headway Group (Oxfordshire), Lanxess (Germany), Manali Petrochemicals (India) and Inoac Corporation (Japan).
On the basis of geography, the market of Polyurethanes in Footwear 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 Materials, the sub-segment i.e. Methylene Diphenyl Diisocyanate will boost the Polyurethanes in Footwear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Footwear Sole, the sub-segment i.e. Midsoles will boost the Polyurethanes in Footwear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Polyurethane , the sub-segment i.e. Polyester will boost the Polyurethanes in Footwear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising High Humidity Conditions Across Various Regions
- Growing Demand for Safety Footwears
- Advancement in the Footwear Industry
Influencing Trend
- Technology Advancement in Sole Processing Techniques
- Rapid Adoption of the Light Weight Soles to the End Consumers for Thermal and Abrasion Resistance
Restraints
- Slowdown in Economy
- Rising Issue Related with the United States and China Trade War
Opportunities
- Growing Demand and Increasing Production in the Asian Market, Along with Footwear Industry is Led by China
- Increasing Demand from the Military Footwear
- Rising Footwear Production in Vietnam, Indonesia, And Taiwan
Challenges
- High Cost Associated with Polyurethane’s Raw Materials
- Lack of Supply Chain in Developing Economies
Key Market Developments:
In Oct 2019. BASF revealed the Elastopan polyurethane, especially for the training footwear. Which is TC-01, and TC-02. These are made up of high-performance materials, these footwears are considered in sports footwear. Through this initiative, the company is trying to become more competitive among market-leading players.
The companies are operating in this market are exploring new geographic regions by adopting various business strategies such as mergers & acquisitions, expansions, investments, new product launches, and partnerships. The leading players are highly focusing on new areas through expansions and acquisitions across the globe to benefit competitive advantage through combined interactions.
Target Audience:
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Polyurethane for Footwear Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Polyurethanes in Footwear market on the basis of product [
] , application [Casuals, Boots, Slippers & Sandals, Sports and Formals], 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 Polyurethanes in Footwear 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 Polyurethanes in Footwear 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 Asahi Kasei (Japan), Trelleborg (Sweden) and Cellular Mouldings (United Kingdom).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Polyurethanes in Footwear market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.