PU Sole (Footwear Polyurethane) Market size to grow at a CAGR of 6.2% during 2020-25, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current PU Sole (Footwear Polyurethane) Market scenarios and has also estimated the PU Sole (Footwear Polyurethane) Market size to grow at a healthy CAGR of 6.2% during 2020-25. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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PU sole (Footwear Polyurethane) market is likely to witness an impressive CAGR of 6.2% during the forecast period. Polyurethane is employed in footwear to deliver seamless blend of microclimate, ergonomics, and contented experience. The premium characteristics of polyurethane as shoe sole material, development in footwear sales, and rising manufacturing in burgeoning economies are anticipated to drive the global PU sole (footwear polyurethane) market.

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Based on the raw material type, the market is segmented as methylene diphenyl diisocyanate (MDI), toluene diphenyl diisocyanate (TDI), and polyols. The polyols segment held the largest share and is expected to soar high in the coming five years.

Based on the footwear type, the market is segmented as leisure, work and safety, slippers & sandals, and others. The leisure footwear segment is estimated to depict the highest growth during the forecast period. Leisure footwear is defined as footwear that is used on a regular basis for trend and comfort. Such a footwear also provides a grade of performance for various open-air activities. Sneakers, loafers, and flat soles are the few types of leisure footwear available commercially. The material selection for soles is a prime factor as soles play a significant part in delivering comfort to users. The engagement of polyurethane in soles presents enhanced flexibility, sturdiness, and comfort, which is bolstering the demand for this segment.

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Highlights of the Report:

As per Stratview Research, Asia-Pacific is estimated to be the largest and fastest-growing market for PU soles (footwear polyurethane) in the coming five years. China and Indonesia are the growth engines of the region and are anticipated to hold the largest share of the market in the region during the forecast period. The market is driven by the upsurge in the engagement of PU sole (footwear polyurethane) in leisure, sports, work & safety, and slippers & sandals footwear, which has subsequently augmented the demand for PU sole (footwear polyurethane). North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
The report also throws light on the PU Sole (Footwear Polyurethane) Market share percentage, captured by specific key players in the industry; along with important mergers and acquisitions which have taken place till date.

Some of the key players mentioned the PU Sole (Footwear Polyurethane) Market are Asahi Kasei Corporation, BASF SE, Coim Group, Eurofoam Group, Headway Group, Inoac Corporation, Lanxess Aktiengesellschaft, and Manali Petrochemicals.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The PU Sole (Footwear Polyurethane) market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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