PU Sole Footwear Polyurethane Market Size|Industry Trends|Market Insights|Market Forecast to 2026
The global PU Sole (Footwear Polyurethane) market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.
(EMAILWIRE.COM, October 18, 2019 ) Market Overview:
Polyurethane soles, popularly known as PU Sole (Footwear Polyurethane), are made from a new kind of organic polymer material. It has been hailed as the fifth big plastic and is in the process of revolutionizing the shoe industry. PU Sole (Footwear Polyurethane) has lower density than other soles along with a soft texture and high elasticity.
Market Dynamics:
Increasing growth in footwear sales and production and Superior properties of polyurethane as shoe sole material are the major driving factors for the growth of the market. The countries continue to step up its footwear exports, while it absorbs some of the business moving away from China. In 2018 Vietnam's exports crossed the USD 16 million thresholds and growth reached double-digit. According to Lefaso, the Vietnam Leather, Footwear and Handbag Association, in 2018 Vietnam exported USD 16.24 billion worth of footwear, a 10.5% increase over 2017.
The harmful impact on human health and the environment is a major restraint hampering market growth globally.
Market Segmentation:
By raw material, the PU Sole (Footwear Polyurethane) market is segmented into polyols, methylene diphenyl diisocyanate, and toluene diphenyl diisocyanate.
By footwear type, the market is classified into slippers & sandals, work & safety, sports, leisure, and others.
Geographical Analysis:
By geography, the Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
Asia Pacific is expected to grow with high CAGR rate in the forecast period owing to the consumer spending and growing production of footwear from countries such as China, India, Indonesia, Bangladesh, and Vietnam. China, Vietnam, and India are estimated to grab the major market share for PU Sole (Footwear Polyurethane) market in Asia Pacific region due to the huge population and high demand for sports and casual footwear.
Global companies are concentrating to extend their market by investing and opening new footwear development centers in Asia Pacific. For instance, in July 2019, BASF has announced new investments to strengthen its global footwear presence opening new Footwear Development Centers in Thailand, launching a Footwear Innovation Center in Taiwan.
Competitive Analysis:
Some of the major players include Jasch International Limited, Era Polymers, Coim Group, Eurofoam Group, Vcm Polyurethanes, Manali Petrochemicals, BASF SE, Huntsman, Covestro and Inoac Corporation.
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About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Polyurethane soles, popularly known as PU Sole (Footwear Polyurethane), are made from a new kind of organic polymer material. It has been hailed as the fifth big plastic and is in the process of revolutionizing the shoe industry. PU Sole (Footwear Polyurethane) has lower density than other soles along with a soft texture and high elasticity.
Market Dynamics:
Increasing growth in footwear sales and production and Superior properties of polyurethane as shoe sole material are the major driving factors for the growth of the market. The countries continue to step up its footwear exports, while it absorbs some of the business moving away from China. In 2018 Vietnam's exports crossed the USD 16 million thresholds and growth reached double-digit. According to Lefaso, the Vietnam Leather, Footwear and Handbag Association, in 2018 Vietnam exported USD 16.24 billion worth of footwear, a 10.5% increase over 2017.
The harmful impact on human health and the environment is a major restraint hampering market growth globally.
Market Segmentation:
By raw material, the PU Sole (Footwear Polyurethane) market is segmented into polyols, methylene diphenyl diisocyanate, and toluene diphenyl diisocyanate.
By footwear type, the market is classified into slippers & sandals, work & safety, sports, leisure, and others.
Geographical Analysis:
By geography, the Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
Asia Pacific is expected to grow with high CAGR rate in the forecast period owing to the consumer spending and growing production of footwear from countries such as China, India, Indonesia, Bangladesh, and Vietnam. China, Vietnam, and India are estimated to grab the major market share for PU Sole (Footwear Polyurethane) market in Asia Pacific region due to the huge population and high demand for sports and casual footwear.
Global companies are concentrating to extend their market by investing and opening new footwear development centers in Asia Pacific. For instance, in July 2019, BASF has announced new investments to strengthen its global footwear presence opening new Footwear Development Centers in Thailand, launching a Footwear Innovation Center in Taiwan.
Competitive Analysis:
Some of the major players include Jasch International Limited, Era Polymers, Coim Group, Eurofoam Group, Vcm Polyurethanes, Manali Petrochemicals, BASF SE, Huntsman, Covestro and Inoac Corporation.
Download free sample: https://www.datamintelligence.com/download-sample/pu-sole-footwear-polyurethane-market
View full report: https://www.datamintelligence.com/research-report/pu-sole-footwear-polyurethane-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results