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PU Sole (Footwear Polyurethane) Market by Footwear Type (Sports, Leisure, Work & Safety, Slippers & Sandals), Raw Material (Methylene Diphenyl Diisocyanate, Toluene Diphenyl Diisocyanate, and Polyols), and Region - Global Forecast to 2023

  • ID: 4662795
  • Report
  • Region: Global
  • 114 Pages
  • Markets and Markets
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The PU Sole (Footwear Polyurethane) Market Size is Estimated at USD 4.55 Billion in 2018 and is Projected to Reach USD 5.79 Billion by 2023, at a CAGR of 4.9%

FEATURED COMPANIES

  • Asahi Kasei Corporation
  • Coim Group
  • Era Polymers
  • Huntsman
  • Lanxess
  • Perstorp
  • MORE

“The global PU sole (footwear polyurethane) market is projected to witness a CAGR of 4.9% during the forecast period.”

The PU sole (footwear polyurethane) market size is estimated at USD 4.55 billion in 2018 and is projected to reach USD 5.79 billion by 2023, at a CAGR of 4.9%. The high growth is attributed to the growth of the footwear industry, which is characterized by changing fashion and lifestyle trends. The use of Polyurethane in footwear offers superior properties such as high mechanical strength, which makes shoes robust and durable. It can be used for different types of shoes such as sports, leisure, slippers & sandals, work, and safety. PU sole (footwear polyurethane) is finding increased use in various footwear types such as sports, leisure, work & safety, and slippers & sandals.

“Slippers & sandals - the largest footwear type in the overall PU sole (footwear polyurethane) market.”

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) raw material is the fastest-growing segment in the overall PU sole (footwear polyurethane) market.”

Methylene diphenyl diisocyanate (MDI) is a raw material for PU sole (footwear polyurethane). MDI is the most widely-used aromatic diisocyanate in PU sole (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.

“APAC is the largest and the fastest-growing market for PU sole (footwear polyurethane).”

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 increasing production of footwear from countries such as China, India, Indonesia, and Vietnam. China is estimated to be the largest market for PU sole (footwear polyurethane) in APAC. 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 the 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.

Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.

The breakup of primary interviews is given below.

  • By Company Type - Tier 1 - 20%, Tier 2 - 55%, and Tier 3 - 25%
  • By Designation - C level - 50%, Director level - 25%, and Others - 25%
  • By Region - North America - 60%, Europe - 20%, APAC - 10%, the Middle East & Africa - 5%, and South America - 5%.

The leading players in the global PU sole (footwear polyurethane) market include BASF SE (Germany), Covestro (Germany), DowDuPont (US), Huntsman (US), Wanhua Chemical Group (China), and Coim Group (Italy).

Research Coverage:

This research report categorizes the global PU sole (footwear polyurethane) market on the basis of footwear type, raw material, and region. The report includes detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, challenges, and opportunities. The detailed analysis of key market players provides insights into business overviews, products & services, key strategies, investments & expansions, mergers & acquisitions, and recent developments in the market.

Reasons to Buy the Report:

1. This report segments the global PU sole (footwear polyurethane) market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across various verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand the major competitors and gain insights to enhance their positions in the business. The competitive landscape section includes expansions, new product developments, and mergers & acquisitions undertaken in the market.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Asahi Kasei Corporation
  • Coim Group
  • Era Polymers
  • Huntsman
  • Lanxess
  • Perstorp
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 By Region
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the PU Sole (Footwear Polyurethane) Market
4.2 APAC Footwear Polyurethance Market, By Footwear Type and Country
4.3 PU Sole (Footwear Polyurethane) Market, By Region
4.4 PU Sole (Footwear Polyurethane) Market, By Raw Material

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Superior Properties of Polyurethane as Shoe Sole Material
5.2.1.2 Growth in Footwear Sales
5.2.1.3 Growth of Footwear Production
5.2.2 Restraints
5.2.2.1 Hazardous Impact on Human Health and Environment
5.2.3 Opportunities
5.2.3.1 Rapid Urbanization
5.2.3.2 Changing Fashion Trends
5.2.4 Challenges
5.2.4.1 Volatility in Crude Oil Prices
5.2.4.2 Difficulty in the Processing of Thermoplastic Polyurethane
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry

6 PU Sole (Footwear Polyurethane) Market, By Raw Material
6.1 Introduction
6.2 MDI (Methylene Diphenyl Diisocyanate)
6.3 TDI (Toluene Diphenyl Diisocyanate)
6.4 Polyols

7 PU Sole (Footwear Polyurethane) Market, By Footwear Type
7.1 Introduction
7.3 Leisure
7.4 Work and Safety
7.5 Slippers & Sandals
7.6 Others

8 PU Sole (Footwear Polyurethane) Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 APAC
8.3.1 China
8.3.2 India
8.3.3 Vietnam
8.3.4 Indonesia
8.3.5 Thailand
8.3.6 Bangladesh
8.3.7 Rest of APAC
8.4 Europe
8.4.1 Turkey
8.4.2 Italy
8.4.3 Spain
8.4.4 Portugal
8.4.5 Rest of Europe
8.5 RoW
8.5.1 Brazil
8.5.2 Africa
8.5.3 Others

9 Competitive Landscape
9.1 Overview
9.2 Competitive Scenario
9.2.1 Investments & Expansions
9.2.2 New Product Developments
9.2.3 Acquisitions/Partnerships

10 Company Profile
10.1 Huntsman
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 Recent Developments
10.1.4 SWOT Analysis
10.1.5 MnM View
10.2 Covestro
10.2.1 Business Overview
10.2.2 Products Offered
10.2.3 Recent Developments
10.2.1 SWOT Analysis
10.2.2 MnM View
10.3 Dowdupont
10.3.1 Business Overview
10.3.2 Products Offered
10.3.3 Recent Developments
10.3.4 SWOT Analysis
10.3.5 MnM View
10.4 BASF SE
10.4.1 Business Overview
10.4.2 Products Offered
10.4.3 Recent Developments
10.4.4 SWOT Analysis
10.4.5 MnM View
10.5 Coim Group
10.5.1 Business Overview
10.5.2 Products Offered
10.5.3 MnM View
10.6 Wanhua Chemical Group
10.6.1 Business Overview
10.6.2 Products Offered
10.6.3 Recent Developments
10.6.4 MnM View
10.7 Lubrizol
10.7.1 Business Overview
10.7.2 Products Offered
10.7.3 Recent Developments
10.7.4 MnM View
10.8 Lanxess
10.8.1 Business Overview
10.8.2 Products Offered
10.8.3 MnM View
10.9 Manali Petrochemicals
10.9.1 Business Overview
10.9.2 Products Offered
10.10 Inoac Corporation
10.10.1 Business Overview
10.10.2 Products Offered
10.10.3 Recent Developments
10.11 Others
10.11.1 Eurofoam Group
10.11.2 Asahi Kasei Corporation
10.11.3 Trelleborg
10.11.4 Headway Group
10.11.5 Cellular Mouldings
10.11.6 Era Polymers
10.11.7 Perstorp
10.11.8 Kasodur
10.11.9 Vcm Polyurethanes
10.11.10 Rogers Corporation

11 Appendix
11.1 Insights From Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Subscription Portal
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details

List of Tables
Table 1 PU Sole (Footwear Polyurethane) Market Size, By Raw Material, 2016-2023 (Kiloton)
Table 2 MDI: PU Sole (Footwear Polyurethane) Market Size , By Region, 2016-2023 (Kiloton)
Table 3 TDI: PU Sole (Footwear Polyurethane) Market Size, By Region, 2016-2023 (Kiloton)
Table 4 Polyols: PU Sole (Footwear Polyurethane) Market Size , By Region, 2016-2023 (Kiloton)
Table 5 PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 6 PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 7 Sports PU Sole (Footwear Polyurethane) Market Size , By Region, 2016-2023 (Kiloton)
Table 8 Sports PU Sole (Footwear Polyurethane) Market Size , By Region, 2016-2023 (USD Million)
Table 9 Leisure PU Sole (Footwear Polyurethane) Market Size , By Region, 2016-2023 (Kiloton)
Table 10 Leisure PU Sole (Footwear Polyurethane) Market Size , By Region, 2016-2023 (USD Million)
Table 11 Work and Safety PU Sole (Footwear Polyurethane) Market Size , By Region, 2016-2023 (Kiloton)
Table 12 Work and Safety PU Sole (Footwear Polyurethane) Market Size , By Region, 2016-2023 (USD Million)
Table 13 Slippers & Sandals PU Sole (Footwear Polyurethane) Market Size , By Region, 2016-2023 (Kiloton)
Table 14 Slippers & Sandals PU Sole (Footwear Polyurethane) Market Size , By Region, 2016-2023 (USD Million)
Table 15 Other PU Sole (Footwear Polyurethane) Types Market Size , By Region, 2016-2023 (Kiloton)
Table 16 Other PU Sole (Footwear Polyurethane) Types Market Size , By Region, 2016-2023 (USD Million)
Table 17 PU Sole (Footwear Polyurethane) Market Size, By Region, 2016-2023 (Kiloton)
Table 18 PU Sole (Footwear Polyurethane) Market Size, By Region, 2016-2023 (USD Million)
Table 19 North America: PU Sole (Footwear Polyurethane) Market, By Country, 2016-2023 (Kiloton)
Table 20 North America: PU Sole (Footwear Polyurethane) Market, By Country, 2016-2023 (USD Million)
Table 21 North America: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 22 North America: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 23 North America: PU Sole (Footwear Polyurethane) Market Size, By Raw Material, 2016-2023 (Kiloton)
Table 24 US: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 25 US: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 26 Canada: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 27 Canada: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 28 Mexico: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 29 Mexico: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 30 APAC: PU Sole (Footwear Polyurethane) Market, By Country, 2016-2023 (Kiloton)
Table 31 APAC: PU Sole (Footwear Polyurethane) Market, By Country, 2016-2023 (USD Million)
Table 32 APAC: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 33 APAC: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 34 APAC: PU Sole (Footwear Polyurethane) Market Size, By Chemistry, 2016-2023 (Kiloton)
Table 35 APAC: PU Sole (Footwear Polyurethane) Market Size, By Raw Material, 2016-2023 (Kiloton)
Table 36 China: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 37 China: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 38 India: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 39 India: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 40 Vietnam: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 41 Vietnam: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 42 Indonesia: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 43 Indonesia: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 44 Thailand: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 45 Thailand: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 46 Bangladesh: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 47 Bangladesh: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 48 Rest of APAC: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 49 Rest of APAC: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 50 Europe: PU Sole (Footwear Polyurethane) Market, By Country, 2016-2023 (Kiloton)
Table 51 Europe: PU Sole (Footwear Polyurethane) Market, By Country, 2016-2023 (USD Million)
Table 52 Europe: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 53 Europe: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 54 Europe: PU Sole (Footwear Polyurethane) Market Size, By Chemistry, 2016-2023 (Kiloton)
Table 55 Europe: PU Sole (Footwear Polyurethane) Market Size, By Raw Material, 2016-2023 (Kiloton)
Table 56 Turkey: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 57 Turkey: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 58 Italy: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 59 Italy: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 60 Spain: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 61 Spain: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 62 Portugal: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 63 Portugal: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 64 Rest of Europe: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 65 Rest of Europe: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 66 RoW: PU Sole (Footwear Polyurethane) Market, By Country, 2016-2023 (Kiloton)
Table 67 RoW: PU Sole (Footwear Polyurethane) Market, By Country, 2016-2023 (USD Million)
Table 68 RoW: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 69 RoW: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 70 RoW: PU Sole (Footwear Polyurethane) Market Size, By Raw Material, 2016-2023 (Kiloton)
Table 71 Brazil: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 72 Brazil: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 73 Africa: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 74 Africa: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 75 Others: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (Kiloton)
Table 76 Others: PU Sole (Footwear Polyurethane) Market Size, By Footwear Type, 2016-2023 (USD Million)
Table 77 Investments & Expansions, 2013-2018
Table 78 New Product Developments, 2013-2018
Table 79 Acquisitions/Partnerships, 2013-2018

List of Figures
Figure 1 PU Sole (Footwear Polyurethane) Market Segmentation
Figure 2 PU Sole (Footwear Polyurethane) Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 PU Sole (Footwear Polyurethane) Market: Data Triangulation
Figure 6 Slippers & Sandals to Account for Largest Market Share in 2023
Figure 7 APAC Accounted for Largest Share of PU Sole (Footwear Polyurethane) Market in 2017
Figure 8 Emerging Economies to Offer Lucrative Growth Opportunities Between 2018 and 2023
Figure 9 Slippers & Sandals Segment Accounted for Largest Share of PU Sole (Footwear Polyurethane) Market
Figure 10 APAC Accounted for Largest Share of PU Sole (Footwear Polyurethane) Market
Figure 11 Polyols Segment to Dominate Overall Market During Forecast Period
Figure 12 Overview of Factors Governing the PU Sole (Footwear Polyurethane) Market
Figure 13 Porter’s Five Forces Analysis
Figure 14 PU Sole (Footwear Polyurethane) Market Share, By Raw Material, 2017 (Kiloton)
Figure 15 APAC is Projected to Lead MDI-Based PU Sole (Footwear Polyurethane) Market (2018-2023)
Figure 16 APAC is Projected to Lead TDI-Based PU Sole (Footwear Polyurethane) Market (2018-2023)
Figure 17 APAC is Projected to Lead Polyols-Based PU Sole (Footwear Polyurethane) Market (2018-2023)
Figure 18 PU Sole (Footwear Polyurethane) Market Share, By Footwear Type, 2017 (Kiloton)
Figure 19 Indonesia to Be the Fastest-Growing PU Sole (Footwear Polyurethane) Market
Figure 20 North America: PU Sole (Footwear Polyurethane) Market Snapshot
Figure 21 APAC: PU Sole (Footwear Polyurethane) Market Snapshot
Figure 22 Europe: PU Sole (Footwear Polyurethane) Market Snapshot
Figure 23 Companies Adopted Investments & Expansions as the Key Growth Strategy Between 2013 and 2018
Figure 24 Huntsman: Company Snapshot
Figure 25 Huntsman: SWOT Analysis
Figure 26 Covestro: Company Snapshot
Figure 27 Covestro: SWOT Analysis
Figure 28 Dowdupont: Company Snapshot
Figure 29 Dowdupont: SWOT Analysis
Figure 30 BASF SE: Company Snapshot
Figure 31 BASF: SWOT Analysis
Figure 32 Coim Group: Company Snapshot
Figure 33 Wanhua Chemical Group: Company Snapshot
Figure 34 Lubrizol: Company Snapshot
Figure 35 Lanxess: Company Snapshot
Figure 36 Manali Petrochemicals: Company Snapshot
Figure 37 Inoac Corporation: Company Snapshot

Note: Product cover images may vary from those shown
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  • Asahi Kasei Corporation
  • BASF SE
  • Cellular Mouldings
  • Coim Group
  • Covestro
  • Dowdupont
  • Era Polymers
  • Eurofoam Group
  • Headway Group
  • Huntsman
  • Inoac Corporation
  • Kasodur
  • Lanxess
  • Lubrizol
  • Manali Petrochemicals
  • Perstorp
  • Rogers Corporation
  • Trelleborg
  • VCM Polyurethanes
  • Wanhua Chemical Group
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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