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$5.8 Billion PU Sole (Footwear Polyurethane) Market by Footwear Type, Raw Material and Region

Time:2018-11-03 10:53Shoes websites Click:

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By: Research and Markets via Business Wire News Releases

November 01, 2018 at 07:45 AM EDT

$5.8 Billion PU Sole (Footwear Polyurethane) Market by Footwear Type, Raw Material and Region - Global Forecast to 2023 - ResearchAndMarkets.com

$5.8 Billion PU Sole (Footwear Polyurethane) Market by Footwear Type, Raw Material and Region

The "PU Sole (Footwear Polyurethane) Market by Footwear Type (Sports, Leisure, Work & Safety, Slippers & Sandals), Raw Material (Methylene Diphenyl Diisocyanate, Toluene Diphenyl Diisocyanate, and Polyols), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The PU sole (footwear polyurethane) market size is estimated at USD 4.55 billion in 2018 and is projected to reach USD 5.79 billion by 2023, at a CAGR of 4.9%.

The high growth is attributed to the growth of the footwear industry, which is characterized by changing fashion and lifestyle trends.

The slippers & sandals segment is estimated 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 towards slippers & sandals in the developing economies.

Methylene diphenyl diisocyanate (MDI) raw material is the fastest-growing segment in the overall PU sole (footwear polyurethane) market. MDI is the most widely-used aromatic diisocyanate in PU sole (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.

Market Dynamics

Drivers

Superior Properties of Polyurethane as Shoe Sole Material

Growth in Footwear Sales

Growth of Footwear Production

Restraints

Hazardous Impact on Human Health and Environment

Opportunities

Rapid Urbanization

Changing Fashion Trends

Challenges

Volatility in Crude Oil Prices

Difficulty in the Processing of Thermoplastic Polyurethane

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 PU Sole (Footwear Polyurethane) Market, By Raw Material

7 PU Sole (Footwear Polyurethane) Market, By Footwear Type

8 PU Sole (Footwear Polyurethane) Market, By Region

9 Competitive Landscape

10 Company Profiles

Asahi Kasei Corporation

BASF SE

Cellular Mouldings

Coim Group

Covestro

Dowdupont

Era Polymers

Eurofoam Group

Headway Group

Huntsman

Inoac Corporation

Kasodur

Lanxess

Lubrizol

Manali Petrochemicals

Perstorp

Rogers Corporation

Trelleborg

VCM Polyurethanes

Wanhua Chemical Group

For more information about this report visit https://www.researchandmarkets.com/research/rnksfw/5_8_billion_pu?w=4

$5.8 Billion PU Sole (Footwear Polyurethane) Market by Footwear Type, Raw Material and Region

View source version on businesswire.com: https://www.businesswire.com/news/home/20181101005547/en/

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