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PU sole - Global Market Outlook (2018-2027)

PU sole - Global Market Outlook (2018-2027)

4.1 (95 reviews)
Published: December 2019 ID: SMRC18812
4.1 (95 reviews)
Published: December 2019 ID: SMRC18812

This report covers the impact of COVID-19 on this global market

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) 
• Polyols   

Applications Covered:
• Boots 
• Sports Shoes 
• Work & Safety Shoes 
• Formals 
• Leisure Shoes 
• Slippers & Sandals 
• Casuals  

End Users Covered:
• Women
• Men
• Children

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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