PU Sole (Footwear Polyurethane) Market

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

Report Code: CH 6711 Oct, 2018, by marketsandmarkets.com

[125 Pages Report] The PU sole (footwear polyurethane) market size was USD 4.29 billion in 2017 and is projected to reach USD 5.79 billion by 2023, at a CAGR of 4.9%. The base year considered for this study is 2017, and the forecast period is 2018– 2023.

The objectives of the report are as follows:

  • To define, describe, and forecast the PU sole (footwear polyurethane) market in terms of value and volume
  • To identify the driving and restraining factors and analyze the opportunities and challenges in the PU sole (footwear polyurethane) market
  • To analyze and forecast the market size on the basis of raw material, footwear type, and region
  • To analyze the detailed market segmentation and forecast the market size, in terms of value and volume, and on the basis of footwear type for major regions such as North America, Europe, APAC, and the RoW
  • To strategically analyze micro-markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To analyze competitive developments such as expansions, new product launches, agreements, and mergers & acquisitions in the market
  • To strategically profile the leading players in the market

Both the top-down and bottom-up approaches were used to estimate and validate the size of the global PU sole (footwear polyurethane) market and to estimate the sizes of various other dependent submarkets. The research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the global market.

PU Sole (Footwear Polyurethane) Market

To know about the assumptions considered for the study, download the pdf brochure

Some of the key players in the market include BASF SE (Germany), Covestro (Germany), DowDuPont (US), Huntsman (US), Wanhua Chemical Group (China), and Coim Group (Italy).

Key Target Audience:

  • Raw material suppliers
  • Footwear polyurethane manufacturers
  • Companies in footwear manufacturers
  • Government & industry associations
  • Regulatory bodies

Scope of the report:

This research report categorizes the global PU sole (footwear polyurethane) market on the basis of footwear type, raw material, and region.

On the basis of footwear type:

  • Sports
  • Leisure
  • Work & Safety
  • Slippers & Sandals
  • Others

On the basis of raw material:

  • Methylene Diphenyl Diisocyanate (MDI)
  • Toluene Diphenyl Diisocyanate (TDI)
  • Polyols

On the basis of region:

  • North America
  • Europe
  • APAC
  • RoW

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Geographical Analysis:

  • Country-level analysis of the PU sole (footwear polyurethane) market

Company Information:

  • Detailed analysis and profiles of additional market players

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%. Polyurethane is used in footwear to provide the perfect combination of ergonomics, microclimate, and comfortable experience. The superior properties of polyurethane as shoe sole material, growth in footwear sales, and increasing production in the growing economies are expected to drive the PU sole (footwear polyurethane) market.

On the basis of footwear type, the leisure footwear segment is projected to register the highest CAGR during the forecast period. Leisure footwear is defined as footwear that is worn on a daily basis for comfort and fashion. Such footwear also offers a degree of performance for outdoor activities. Loafers, sneakers, and flat soles are a few types of leisure footwear available commercially. The material selection for the soles is a key factor as the soles play a major role in providing comfort to users. The use of polyurethane in soles offers greater flexibility, durability, and comfort, which is driving the demand in this segment.

The polyols segment accounted for the largest share of the overall PU sole (footwear polyurethane) market and is projected to continue so during the forecast period.

PU Sole (Footwear Polyurethane) Market

The growth in the usage of PU sole (footwear polyurethane) in sports, leisure, work & safety, slippers & sandals footwear has increased the demand for PU sole (footwear polyurethane). APAC is the largest and the fastest-growing PU sole (footwear polyurethane) market. China is expected to account for the largest share of the market in APAC during the forecast period. The market in Indonesia is expected to register the fastest growth during the forecast period.

Environmental concerns and impact on human health associated with the manufacturing of polyurethane is a major restraint for the PU sole (footwear polyurethane) market. MDI and TDI are the major raw materials of PU sole (footwear polyurethane)s, which are highly toxic. These two raw materials have high vapor pressure. The vapor pressure of TDI is higher than MDI, and at the typical room temperature (70°F), the concentration of vapor in the air can exceed the OSHA permissible exposure limit (PEL) of 20 ppb. Overexposure to these vapors emitted during the production of PU sole (footwear polyurethane) is hazardous to humans as it could cause skin, eye, nose, throat, and lung irritation.

Companies have adopted new product developments and expansions to expand their market shares and distribution networks in the market.

BASF focuses on building a sustainable customer base in the different markets with strong support through R&D activities. It is also strengthening its presence in the developing economies of Asia and other regions through new product developments and the establishment of new production plants. The company is focusing on expansions in emerging revenue markets.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

 

Table of Contents

1 Introduction (Page No. - 15)
    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 (Page No. - 19)
    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 (Page No. - 26)

4 Premium Insights (Page No. - 29)
    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 (Page No. - 32)
    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 (Page No. - 42)
    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 (Page No. - 49)
    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 (Page No. - 58)
    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 (Page No. - 91)
    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 (Page No. - 95)
     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 (Page No. - 118)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (79 Tables)

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


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