The global polyurethane (PU) sole market is experiencing substantial growth due to the increasing demand for durable, comfortable, and water-resistant footwear. PU soles offer excellent chemical resistance, stress absorption, and low density, making them suitable for trekking, sports, fashion, and business shoes. Their versatility and high-quality attributes have fueled market expansion. The market is driven by consumer preferences for long-lasting and lightweight footwear options, leading to the widespread adoption of PU soles across various shoe categories.
According to Data Bridge Market Research, the Global Polyurethane (PU) Sole Market will exhibit a CAGR of 5.50% for the forecast period of 2022-2029 and is expected to reach USD 7.75 billion by 2029.
“The rising demand for durable shoes facilitates market growth”
The rising demand for durable shoes is a significant driver of the global polyurethane (PU) sole market. PU soles are known for their excellent durability and long-lasting performance, making them a preferred choice for consumers seeking footwear with an extended lifespan. The increasing awareness of sustainability and cost-effectiveness also contributes to the demand for durable shoes that require less frequent replacement. As consumers prioritize footwear that offers both comfort and longevity, the demand for PU sole footwear is expected to grow, positively impacting the growth of the global PU sole market.
What restraints the growth of the global polyurethane (PU) sole market?
“High cost associated with polyurethane (PU) soles”
The high cost associated with polyurethane (PU) soles is a significant restraint for the global polyurethane (PU) sole market. PU soles can be relatively expensive to manufacture, resulting in higher production costs for footwear manufacturers. This cost is often passed on to consumers, making PU sole footwear less affordable for price-sensitive markets. As a result, the adoption of PU sole footwear may be limited, impacting market growth. To overcome this restraint, manufacturers need to explore cost-effective production methods and strategies to make PU sole footwear more accessible to a wider consumer base.
Segmentation: Global Polyurethane (PU) Sole Market
The polyurethane (PU) sole market is segmented on the basis of raw material and applications.
- On the basis of raw material, polyurethane (PU) sole market is segmented into methylene diisocyanate, toluene diisocyanate, and polyols.
- On the basis of applications, polyurethane (PU) sole market is divided into casuals, boots, slipper and sandals, sports, formals, leisure, and work and safety.
Regional Insights: Asia-Pacific is expected to dominate the Global Polyurethane (PU) Sole Market
Asia-Pacific's dominance in the polyurethane (PU) sole market is attributed to its significant market share and revenue, and this trend is expected to continue during the forecast period. The region's flourishing dominance is driven by the increasing adoption of PU soles in various footwear categories, including formals, slippers, sandals, and boots. The versatile properties of PU soles, such as durability, lightweight, and comfort, make them a preferred choice among consumers, further boosting their demand and market presence in Asia-Pacific.
To know more about the study visit, https://www.databridgemarketresearch.com/jp/reports/global-pu-sole-market
The Prominent Key Players Operating in the Global Polyurethane (PU) Sole Market Include:
- Asahi Kasei Corporation (Japan)
- BASF SE (Germany)
- Huntsman International LLC (U.S.)
- Dow (U.S.)
- Coim Group (Italy)
- Wanhua (China)
- The Lubrizol Corporation (U.S.)
- Covestro AG (Germany)
- INOAC CORPORATION (Japan)
- Trelleborg AB (Sweden)
- CELLULAR MOULDINGS (U.K.)
- Rogers Corporation (U.S.)
- MarvelVinyls (India)
- Airysole Footwear Pvt Ltd (India)
- Unisol India (India)
- bkinds.in (India)
- LANXESS (Germany)
- VCM Polyurethanes Pvt. Ltd. (India)
- NEVEON Holding GmbH (Germany)
- Era Polymers Pty Ltd. (Australia)
- Perstorp (Sweden)
Above are the key players covered in the report, to know about more and exhaustive list of global polyurethane (PU) sole market companies contact, https://www.databridgemarketresearch.com/jp/contact
Research Methodology: Global Polyurethane (PU) Sole Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
