PU Sole (Footwear Polyurethane) Market Trends and Segments Forecast To 2028

The global pu sole (footwear polyurethane) market size was valued at USD 4,132.6 million in 2021 and is expected to grow at a significant CAGR of 6.2% during the forecast period from 2022 to 2028. PU sole, also known as footwear polyurethane, is a highly sought-after material in the footwear manufacturing industry. Its lightweight, abrasion-resistant properties and long-lasting mechanical performance make it an ideal choice for shoe production. Shoes made from this material are known for their superior design, practicality, and water-resistant qualities. Polyurethane is a type of thermosetting polymer and petroleum resin that retains its shape and structure even when exposed to high temperatures. This property makes polyurethane soles sturdy and durable, making them a popular choice for trekking shoes, safety shoes, and everyday footwear.

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PU Sole (Footwear Polyurethane) Market Growth Factors:
The growth of the polyurethane (PU) sole market is being influenced by the increasing demand for durable footwear, which is driving up sales and production in the footwear industry. The superior properties of polyurethane as a shoe sole material are also contributing to the growing demand for this market. Other significant factors driving the expansion of the polyurethane (PU) sole market include rising disposable income levels, increasing urbanization, changing fashion and lifestyle trends, and rapid industrialization. Advancements in technology and surging demand from developing nations are also expected to have a positive impact on the growth of the polyurethane (PU) sole market. Additionally, there are beneficial opportunities for market growth through expanding demand from end-user industries and increasing demand for comfortable footwear. Product innovation and untapped potential in emerging markets are also expected to create lucrative opportunities for the polyurethane (PU) sole market.

However, the high cost associated with polyurethane (PU) soles and fluctuating prices of raw materials pose challenges to the growth of the market. The emergence of unfavorable conditions due to the COVID-19 outbreak has also impacted the growth of the market. The emission of hazardous gases during the production of PU soles and rising environmental concerns are significant restraints that may impede the growth rate of the polyurethane (PU) sole market.

The global pu sole (footwear polyurethane) market segmentation:
1) Raw material: Methylene Diphenyl Diisocyanate (MDI), Toluene Diphenyl Diisocyanate (TDI), Polyols.
2) Application: Casuals, Boots, Slippers & Sandals, Sports, Formals.

PU Sole (Footwear Polyurethane) Market Regional Analysis:
During the next five years, the Asia-Pacific region is expected to become the largest and fastest-growing market for PU soles (footwear polyurethane). China and Indonesia are predicted to be the primary drivers of market growth in the region and are likely to hold the largest market share during the forecast period. The growth of the market is being propelled by the increasing use of PU soles (footwear polyurethane) in a variety of footwear categories such as leisure, sports, work & safety, and slippers & sandals. This has resulted in a surge in demand for PU soles (footwear polyurethane). North America and Europe are also expected to present significant growth opportunities for the market during the forecast period.

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Key players in the pu sole (footwear polyurethane) market CELLULAR MOULDINGS, BASF SE, Covestro AG, Dow, Huntsman International LLC., Coim Group, LANXESS, Era Polymers Pty Ltd, Euro foam, INOAC CORPORATION.

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