PU sole (footwear polyurethane) Market Summary
The global market for PU sole (footwear Polyurethane) reached a valuation of USD 4.98 Billion in 2020 and is projected to achieve USD 7.47 Billion by 2028, with a compound annual growth rate (CAGR) of 5.2%. PU sole (footwear polyurethane) is highly regarded as a premier material in footwear manufacturing due to its lightweight nature, resistance to abrasion, and enduring mechanical properties. Footwear crafted from this material boasts unparalleled practicality and exceptional water resistance. Polyurethane, a petroleum-based resin and thermosetting polymer, retains its structural integrity even under heat, making it an ideal choice for durable soles used in trekking shoes, safety footwear, and everyday wear. From low-density to compact polyurethane systems, the versatility of this material enables its application across various footwear types.
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Market Overview:
Various enterprises within the chemicals and materials industries vary in terms of size, geographic location, business approach, and target markets. These entities are integral parts of a broader ecosystem that encompasses raw materials such as oil, gas, coal, minerals, and bio-based products on one end, and a diverse array of application industries on the other.
Traditionally, the chemical industry has been categorized into three main segments: petrochemicals, diversified manufacturers, and specialized industries. While the overarching trends discussed earlier apply across the sector, the intricate differences among the players necessitate a segmented analysis of industry trends.
Deloitte, as part of its multiverse series, has classified stakeholders in the chemical sector into three distinct groups: natural owners, distinctive commodities, and solution providers. Each of these groups typically operates with its own set of strategic priorities. Vertically integrated natural owners often prioritize continuous improvement over innovation in their business operations. Differentiated commodities thrive in a highly fragmented and complex industry by focusing on supply chain efficiency, market innovation, and cost optimization. Similarly, solution providers concentrate on maximizing the value of their unique products, alongside their application expertise and services.
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Moreover, the report provides insight into how the PU sole (footwear polyurethane) market will develop between 2024 and 2028. Companies operating in the PU sole (footwear polyurethane) market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the PU sole (footwear polyurethane) market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the PU sole (footwear polyurethane) market and estimates market progress in terms of value (USD million) and volume (thousand units).
Companies considered and profiled in the report
Asahi Kasei Corporation, BASF SE, Cellular Mouldings Coim Group, Covestro, Dowdupont Euro Foam Group, Huntsman Manali Petrochemicals, Rogers Corporation VCM Polyurethanes and Wanhua Chemical Group
Segments covered in the report:
Product Type (Revenue, USD Million; 2020–2028)
Sports
Leisure
Work & Safety
Slippers & Sandals
Others
Raw Material (Revenue, USD Million; 2020–2028)
Methylene Diphenyl Diisocyanate (MDI)
Toluene Diphenyl Diisocyanate (TDI)
Polyols
End Use (Revenue, USD Million; 2020–2028)
Men
Women
Children
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Key Questions Answered in This report on the PU sole (footwear polyurethane) Market
The report provides detailed information about the PU sole (footwear polyurethane) market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the PU sole (footwear polyurethane) market, so as to help them formulate successful strategies and take target-driven decisions.
How are key market players successfully earning revenue from the advantages of the product?
What will be the Y-o-Y growth of the PU sole (footwear polyurethane) market between 2024 and 2028?
What are the winning imperatives of market frontrunners in the PU sole (footwear polyurethane) market?
Which end-user is expected to undertake maximum adoption of the product during the forecast period?
Research Methodology: PU sole (footwear polyurethane) Market
The research methodology adopted by analysts to compile the PU sole (footwear polyurethane) market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the PU sole (footwear polyurethane) market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the PU sole (footwear polyurethane) market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the PU sole (footwear polyurethane) market.
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