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Time:2019-12-17 17:36Shoes websites Click:

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The PU sole (footwear polyurethane) market size is estimated at USD 4.2 billion in 2019 and projected to reach USD 5.9 billion by 2024, at a CAGR of 7.6%.

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Northrook, IL -- (SBWIRE) -- 12/16/2019 -- The report "PU sole (Footwear Polyurethane) Market by Raw Material (Methylene Diphenyl Diisocyanate, Toluene Diphenyl Diisocyanate, and Polyols), Application ( Casuals, Boots, Slippers & Sandals, Sports and Formals), and Region - Global Forecast to 2024" The PU sole (footwear polyurethane) market size is estimated to be USD 4.2 billion in 2019 and projected to reach USD 5.9 billion, by 2024, at a CAGR of 7.6%. The use of polyurethane in footwear offers superior properties, such as high mechanical strength, which makes shoes robust and durable. It can be used for different types of shoes, such as sports, casuals, slippers & sandals, boots, and formals. The key drivers of the market are the superior properties of polyurethane as a shoe sole material and the increasing sale and production of footwear.

Browse 118 Market Data Tables and 40 Figures spread through 130 Pages and in-depth TOC on "PU sole (Footwear Polyurethane) Market - Global Forecast to 2024"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/pu-sole-footwear-polyurethane-market-141590067.html

Casuals is the largest footwear segment in the overall PU sole (footwear polyurethane) market.
The casuals segment is projected to be the largest footwear in the overall PU sole (footwear polyurethane) market. The large market size for this segment is attributed to consumer preference for casuals in the developing economies because casual footwear offers a wide range of performance for outdoor activities. Loafers, sneakers and flats are some of the types of casual footwear available in the market.

Methylene diphenyl diisocyanate (MDI), is the fastest-growing raw material for PU sole (footwear polyurethane).
Methylene diphenyl diisocyanate (MDI) is a raw material for PU sole (footwear polyurethane). MDI is the most widely-used aromatic diisocyanate in footwear polyurethane, which primarily exists in three isomers, namely 2,2- MDI, 2,4-MDI, and 4,4-MDI. 4,4'-MDI isomer is used in shoe sole formulation. In order to make polyurethane for footwear, MDI is reacted with polyols in the presence of other additives. MDI-based polyurethanes have applications in compact outsoles and unit soles. The properties of methylene diphenyl diisocyanate (MDI), such as high degree of stiffness and resilience is expected to drive the market for this segment.

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Increasing footwear production and sales—the major driver of the PU sole (footwear polyurethane) market.
APAC is estimated to be the largest and the fastest-growing market for PU sole (footwear polyurethane). The high growth rate of the market in the region is due to the increased production of footwear in countries, such as China, India, Indonesia, and Vietnam. China is projected to be the largest market for PU sole (footwear polyurethane) in the APAC region. Indonesia is estimated to be the fastest-growing market in the region as well as globally. The regional demand is expected to increase during the forecast period, owing to growing population and consumer spending. China is the leading manufacturer and consumer of footwear in APAC. The high demand for sports and casual footwear is expected to drive the demand for PU sole (footwear polyurethane) in the region.

The key companies profiled in the PU sole (footwear polyurethane) market report are BASF SE (Germany), Covestro (Germany), DuPont (US), Huntsman (US), Wanhua Chemical Group (China), Coim Group (Italy), Lubrizol (US), Lanxess (Germany), Manali Petrochemical (India), and INOAC (Japan)

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Recent Developments:
- In October 2019, the Wanhua Chemical Group launched new 3D-printed shoe material solution that will integrate high-quality and highly-flexible materials, which include WANFAB TPU (filament and powder) and Adwel waterborne adhesive
- In January 2018, BASF established a new MDI synthesis unit in Geismar, Louisiana. MDI is a basic raw material which is used for the production of polyurethanes. The annual capacity of MDI production will increase from 300,000 metric tons to 600,000 metric tons. This expansion enabled the company to enhance its presence in North America.
- In June 2018, Covestro increased its TPU (Thermoplastic Polyurethane) production capacity at its West Virginia (US) plant. This expansion will increase Covestro's annual production capacity of TPU by 25.0%, which in turn, will help the company to expand its footprint, globally.

Key questions addressed by the report
- What was the PU sole (footwear polyurethane) market size in 2018?
- What are the global PU sole (footwear polyurethane) market trends in demand for polyurethane?
- Will the market witness an increase or decline in demand for polyurethane in the near future?
- What were the revenue pockets of PU sole (footwear polyurethane) in 2018?
- Who are the key players in the global PU sole (footwear polyurethane) market?

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