[125 Pages Report] The PU sole (footwear polyurethane) Market size was USD 4.29 billion in 2017 and is projected to reach USD 5.79 billion by 2023, at a CAGR of 4.9%. The base year considered for this study is 2017, and the forecast period is 2018– 2023.

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The slippers & sandals segment is estimated to be the largest footwear in the overall PU Sole (Footwear Polyurethane) Market. The large market size for this segment is attributed to consumer preference towards slippers & sandals in the developing economies.

Methylene diphenyl diisocyanate (MDI) is a raw material for PU sole (footwear polyurethane). MDI is the most widely-used aromatic diisocyanate in footwear polyurethane, which primarily exists in three isomers, namely 2,2'- MDI, 2,4'-MDI, and 4,4'-MDI. 4,4'-MDI isomer is used in shoe sole formulation. In order to make polyurethane for footwear, MDI is reacted with polyols in the presence of other additives. MDI-based polyurethanes have applications in compact outsoles and unit soles. The properties of methylene diphenyl diisocyanate (MDI) such as high degree of stiffness and resilience is expected to drive the market for this segment.

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The APAC is estimated to be the largest and the fastest-growing market for PU sole (footwear polyurethane). The high growth rate of the market in the region is due to the increased production of footwear in countries such as China, India, Indonesia, and Vietnam. China is estimated to be the largest market for footwear polyurethane in the APAC region. Indonesia is estimated to be the fastest-growing market in the region as well as globally. The regional demand is expected to increase during the forecast period, owing to growing population and consumer spending. China is the leading manufacturer and consumer of footwear in APAC. The high demand for sports and casual footwear is expected to drive the demand for PU sole (footwear polyurethane) in the region.

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