Global Polyurethane Sole Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Polyurethane Sole Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global polyurethane sole market report has been segmented on the basis of raw material, footwear type, and region.

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Global Polyurethane Sole Market: Introduction 

Polyurethane sole also called as PU sole or footwear polyurethane are hardwearing shoe soles with better mechanical properties. These type of sole are sued in various types of footwear such as leisure, sports, work & safety, and slippers & sandals.

Global Polyurethane Sole Market: Dynamics 

Growing footwear industry in developed and developing economies owing to changing living standards and adoption of latest fashion trends is a key factor projected to drive the growth of the potential market over the long run. Properties of polyurethane sole such as high mechanical strength, which makes footwear durable is anticipated to drive the growth of the potential market over the next few years. In addition, increasing demand for sports, slippers & sandals, work & safety, and leisure footwear is estimated to support the growth of the market.

However, stringent regulations regarding use of plastics coupled with fluctuating prices of crude oil are some factors anticipated restrain the growth of the potential market.

Global Polyurethane Sole Market: Raw Material Analysis

Among the raw material segments, the methylene diphenyl diisocyanate segment is anticipated to contribute a major share in the polyurethane sole market. Methylene diphenyl diisocyanate is reacted with polyols along with other additives to manufacture polyurethane sole or footwear polyurethane. Properties of methylene diphenyl diisocyanate such as high degree of resilience and stiffness are estimated to boost the growth of the segment. The toluene diphenyl diisocyanate segment is estimated to grow steadily in the potential market.

Global Polyurethane Sole Market: Footwear Type Analysis

Among the footwear type segments, the slippers & sandals segment is anticipated to register moderate growth rate over the next few years. Increasing demand for slippers & sandals in developing countries is anticipated to augment the growth of the segment over the long run. The work & safety footwear segment is anticipated to grow at a higher growth rate. Growing awareness regarding the safety of workers at the workplace is projected to drive the growth of the segment.

Global Polyurethane Sole Market: Regional Analysis

The Asia Pacific polyurethane sole market is estimated to dominate the target market in terms of revenue over the long run. Increasing demand for footwear owing to rising population coupled with disposable income of individuals is anticipated to augment the growth of the potential market in the Asia Pacific over a few years. In addition, rapid industrialization in countries in the region is projected to boost the growth of the Asia Pacific polyurethane sole market.

The Asia Pacific is Projected to be the largest market for polyurethane sole followed by the market in North America. The polyurethane sole market in North America is anticipated to register steady growth over the next few years. Growing demand for footwear in the region owing to the rising demand for comfortable footwear is estimated to drive the growth of the North America polyurethane sole market. In addition, the presence of a large number of footwear manufacturers in the region is projected to boost the growth of polyurethane sole market in North America.

Global Polyurethane Sole Market Segmentation:

Segmentation by Raw Material:

Methylene Diphenyl Diisocyanate
Toluene Diphenyl Diisocyanate
Polyols

Segmentation by Footwear Type:

Leisure
Work and Safety
Slippers & Sandals
Others