Bharat Book Bureau Provides the Trending Market Research Report on “Global Polyurethane for Footwear Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030” under Consumer Goods Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Global Polyurethane for Footwear Market : By Raw Material (Methylene Diphenyl Diisocyanate (MDI), Toluene Diphenyl Diisocyanate (TDI) and Polyols); By Application (Casuals, Boots,Slippers and Sandals, Sports and Formals) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030.
Polyurethane soles, popularly referred to as Footwear Polyurethane, are made of a different kind of organic polymer. It was hailed as the fifth major plastic and is revolutionizing the shoe industry in the process. Polyurethanes are polymers that thermoset, that cannot be melted when exposed to heat. The reaction between the isocyanate and the polyols system produces polyurethanes. Furthermore, polyurethane which is commonly used in clothing can be manufactured at a lower cost.
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Global Polyurethane for Footwear Market size was registered at USD XX billion in 2019, and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. Increasing growth in footwear sales and production and Superior polyurethane properties as shoe sole material are the major driving factors for market development.
Global Polyurethane for Footwear Market: Segments
Global Polyurethane for Footwear Market is segmented on the basis of raw material, application and region.
By Raw Material (in %), Global Polyurethane for Footwear Market, 2019
The acrylic resin type segment is anticipated to register XX% of the market share during the forecasted period.By raw material the market can be segmented into Methylene Diphenyl Diisocyanate (MDI), Toluene Diphenyl Diisocyanate (TDI) and Polyols. The segment of methylene diphenyl diisocyanate (MDI) is expected to register the highest CAGR over the forecast period based on the raw material. MDI isomer is used for formulating shoe sole. In the presence of other additives MDI is reacted with polyols to create polyurethane soles for footwear. Polyurethanes based on MDI have applications in lightweight outsoles and unit soles. Also they have a higher degree of rigidity and durability. These properties should drive the single MDI based footwear polyurethane market.
Global Polyurethane for Footwear Market Dynamics:
Growth in footwear production and changes in trends to increase market growth Increasing growth in footwear sales and production and Superior polyurethane properties as shoe sole
material are the major driving factors for market development. The high growth is due to the growth of the footwear industry, which is characterized by growing trends in fashion and
Environmental and health hazards to hinder the market growth
The harmful impact on human health and the environment is a major restraint in the market for polyurethane for footwear.
Global Polyurethane for Footwear Market: Regions
In terms of value and volume, APAC accounted for XX% of total market volume share in 2019
it is estimated that APAC is the largest and fastest-growing market for polyurethane footwear. The region's high market growth rate is attributed to the growing footwear production from countries like China, India, Indonesia and Vietnam. China is expected to be APAC's biggest market for polyurethane footwear. Owing to increasing population and consumer spending, regional demand is expected to increase during the forecast period. China is APAC’s largest footwear maker and customer. The high demand for sports and casual footwear is expected to boost the region’s demand for polyurethane footwear.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.
Global Polyurethane for Footwear Market: Competitive landscape
Some factors that improve the role in the market of the key players within the Global Polyurethane for Footwear Market have been strong competitive environment between the footwear brands along with frequent changes in lifestyle of end users.
Global Polyurethane for Footwear Market: Key players
Key Product Offerings
Key Performance Indicators
• Coim Group
• Inoac Corporation
• Manali Petrochemicals
• Wanhua Chemical Group
• Other prominent players
Global Polyurethane for Footwear Market report also contains analysis on:
Global Polyurethane for Footwear Market segments: -
• By Applications:
Slippers & Sandals
• By Raw Material:
Methylene Diphenyl Diisocyanate (MDI)
Toluene Diphenyl Diisocyanate (TDI)
• Global Polyurethane for Footwear Market dynamics
• Global Polyurethane for Footwear Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
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