PU sole - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global PU sole Market is accounted for $3.92 billion in 2018 and is expected to reach $8.95 billion by 2027 growing at a CAGR of 9.6% during the forecast period. Increasing sales & production in the growing economies and better-quality of polyurethane for shoe sole are the major factors driving the market growth. However, concerns related to the health issue due to the use of polyurethane in footwear are restraining market growth.
PU soles are made from a new kind of organic polymer material. PU Sole has a lower density than other soles along with a soft texture and high elasticity. This makes it perfect for foot comfort. It provides great wear and tear resistance along with good bending resistance and high hardness and also great shock absorption. PU insoles provide the user with durability, comfortability, and lightweight to the footwear.
Based on the raw material, the methylene diphenyl diisocyanate (MDI) segment is likely to have a huge demand due to the superior properties of methylene diphenyl diisocyanate (MDI) such as high degree of stiffness and resilience. MDI is highly used aromatic diisocyanate in PU sole, which primarily exists in three isomers. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to high development rate of the market in the area is because of the rise in manufacturing of footwear in nations like India, China, Vietnam, and Indonesia.
Some of the key players profiled in the PU sole Market include Headway Group, BASF, Dow Inc, LANXESS, Cellular Mouldings, Eurofoam Group, Trelleborg, Asahi Kasei Corporation, INOAC Corporation, COIM, Huntsman Corporation, Manali Petrochemical, Wanhua Chemical Company, Covestro, and Lubrizol.
Raw Materials Covered:
• Toluene Diphenyl Diisocyanate (TDI)
• Methylene Diphenyl Diisocyanate (MDI)
• Sports Shoes
• Work & Safety Shoes
• Leisure Shoes
• Slippers & Sandals
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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