Press release
Covid-19 Impact on PU Sole (Footwear Polyurethane) Market to See Strong Expansion Through 2025
Some key takeaways from this report –
The report offers key drivers that trigger the growth in the PU Sole (Footwear Polyurethane) Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
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The research offers segment wise analysis of the PU Sole (Footwear Polyurethane) Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.
PU Sole (Footwear Polyurethane) Market Share: By Raw Material Type
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.
PU Sole (Footwear Polyurethane) Market Share: By Footwear Type
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.
PU Sole (Footwear Polyurethane) Market Share: By Region
In terms of regions, 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.
Key Players
The following are the key players in the PU Sole (Footwear Polyurethane) Market-
• Asahi Kasei Corporation
• BASF SE
• Coim Group
• Eurofoam Group
• Headway Group
• Inoac Corporation
• Lanxess Aktiengesellschaft
• Manali Petrochemicalsa
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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
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