PU Sole (Footwear Polyurethane) Market Size, Share and Forecast (2019-2026)

SKU: DPC448 | Last Updated On: 2019-09-10 | No. of Pages: 181 | Available Formats

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In July 2019, BASF has announced new investments to strengthen its global footwear presence opening new Footwear Development Centers in the US, Thailand, and launching a Footwear Innovation Center in Taiwan.

Market Overview

Polyurethane soles, popularly known as PU Sole (Footwear Polyurethane), are made from a new kind of organic polymer material. It has been hailed as the fifth big plastic and is in the process of revolutionizing the shoe industry. PU Sole (Footwear Polyurethane) has lower density than other soles along with a soft texture and high elasticity. This makes it perfect for foot comfort. It not only provides great wear and tear resistance but also has good bending resistance and high hardness along with great shock absorption. PU insoles provide the user with the flexibility, comfort, and durability essential for the common daily use of a person.

 

The global PU Sole (Footwear Polyurethane) market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Global PU Sole (Footware Polyurethane) Market Value  (USD Million), 2018-2026

Market Dynamics

Increasing growth in footwear sales and production and Superior properties of polyurethane as shoe sole material are the major driving factors for the growth of the market. The countries continue to step up its footwear exports, while it absorbs some of the business moving away from China. In 2018 Vietnam's exports crossed the USD 16 million thresholds and growth reached double-digit. According to Lefaso, the Vietnam Leather, Footwear and Handbag Association, in 2018 Vietnam exported USD 16.24 billion worth of footwear, a 10.5% increase over 2017.

 

According to the latest edition of the World Footwear Yearbook, in 2017 Vietnam produced 1.1 billion pairs of shoes (a share of 4.7% in worldwide production), taking the third position as the largest producing country. In 2017 Vietnam was the second-largest exporter of footwear with a 7.1% share (1.0 billion pairs) behind China (9.7 billion pairs; 67.5%).

 

The harmful impact on human health and the environment is a major restraint hampering market growth globally.

Segment Analysis

By raw material, the PU Sole (Footwear Polyurethane) market is segmented into polyols, methylene diphenyl diisocyanate, and toluene diphenyl diisocyanate. The global PU Sole (Footwear Polyurethane) market size by raw material was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Methylene diphenyl diisocyanate, most often abbreviated as MDI, is an aromatic diisocyanate. Three isomers are common, varying by the positions of the isocyanate groups around the rings: 2,2'-MDI, 2,4'-MDI, and 4,4'-MDI. The 4,4' isomer is most widely used and is also known as 4,4'-diphenylmethane diisocyanate.

 

Primarily used in the production of high-performance microcellular PU elastomers and flexible PU integral skin foams, including shoe sole, airless tires and many more. Total world production of MDI and polymeric MDI is over 7.5 million tonnes per year in 2017. The largest producer is Wanhua Group followed closely by Covestro. Other major producers are BASF, Dow, Huntsman, Tosoh, Kumho Mitsui Chemicals.

Global PU Sole (Footwear Polyurethane) Market Share,  By Raw Material, 2018 (%)

By footwear type, the market is classified into slippers & sandals, work & safety, sports, leisure, and others. The global PU Sole (Footwear Polyurethane) market size by footwear type was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Geographical Analysis

The Asi Pacific PU Sole (Footwear Polyurethane) market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Asia Pacific is expected to grow with high CAGR rate in the forecast period owing to the consumer spending and growing production of footwear from countries such as China, India, Indonesia, Bangladesh, and Vietnam. China, Vietnam, and India are estimated to grab the major market share for PU Sole (Footwear Polyurethane) market in Asia Pacific region due to the huge population and high demand for sports and casual footwear.

 

Global companies are concentrating to extend their market by investing and opening new footwear development centers in Asia Pacific. For instance, in July 2019, BASF has announced new investments to strengthen its global footwear presence opening new Footwear Development Centers in Thailand, launching a Footwear Innovation Center in Taiwan.

Global PU Sole (Footwear Polyurethane) Market Share (%),  By Geography, 2018

Competitive Landscape

The PU Sole (Footwear Polyurethane) market is competitive with existing players in the market. Some of the major players include Jasch International Limited, Era Polymers, Coim Group, Eurofoam Group, Vcm Polyurethanes, Manali Petrochemicals, BASF SE, Huntsman, Covestro and Inoac Corporation.

The key players are adopting key strategies such as product launches, which are contributing to the growth of the PU Sole (Footwear Polyurethane) Market.

For more than forty years, BASF has been developing, producing, and selling custom-tailored polyurethane systems and thermoplastic polyurethane elastomers (TPU) for making all types of soles. Elastopan® and Elastollan® are the two innovative PU materials for all types of soles and all kinds of shoes.

In February 2018, BASF has announced that they are planning to launch Elastopan ULD polyurethane slipper sole systems at Simac, a footwear technology and machinery tradeshow.

 

Why Purchase the Report?

  • Visualize the composition of the PU Sole (Footwear Polyurethane) in terms of various types of raw materials and their footwear types highlighting the key commercial assets and players.
  • Identify commercial opportunities in the PU Sole (Footwear Polyurethane) market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of PU Sole (Footwear Polyurethane) market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

 

The PU Sole (Footwear Polyurethane) report would provide access to an approx, 53 data tables, 44 figures, and 175 pages.

 

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
  1. PU Sole (Footwear Polyurethane) Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. PU Sole (Footwear Polyurethane) Market – Market Definition and Overview

  3. PU Sole (Footwear Polyurethane) Market – Executive Summary

    1. Market Snippet by Raw Material
    2. Market Snippet by Footwear Type
    3. Market Snippet by Region
  4. PU Sole (Footwear Polyurethane) Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Increasing growth in footwear sales and production
        2. Superior properties of polyurethane as shoe sole material
      2. Restraints
        1. Harmful impact on human health and environment
      3. Opportunity
      4. Impact Analysis
  5. PU Sole (Footwear Polyurethane) Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
  6. PU Sole (Footwear Polyurethane) Market – By Raw Material

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      2. Market Attractiveness Index, By Raw Material
    2. Polyols*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Methylene Diphenyl Diisocyanate
    4. Toluene Diphenyl Diisocyanate
  7. PU Sole (Footwear Polyurethane) Market – By Footwear Type
    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Footwear Type
      2. Market Attractiveness Index, By Footwear Type
    2. Slippers & Sandals*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Work & Safety
    4. Sports
    5. Leisure
    6. Others
  8. PU Sole (Footwear Polyurethane) Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Footwear Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Footwear Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Footwear Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Footwear Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Taiwan
        5. Australia
        6. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Footwear Type
  9. PU Sole (Footwear Polyurethane) Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. PU Sole (Footwear Polyurethane) Market Company Profiles

    1. Jasch International Limited*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Era Polymers
    3. Coim Group
    4. Eurofoam Group
    5. Vcm Polyurethanes
    6. Manali Petrochemicals
    7. BASF SE
    8. Huntsman
    9. Covestro
    10. Inoac Corporation (** List not exhaustive)
  11. PU Sole (Footwear Polyurethane) Market – DataM
    1. Appendix
    2. About Us and Services
    3. Contact Us

LIST OF TABLES:
Table 01 Global PU Sole (Footwear Polyurethane) Market Value, By Raw Material, 2018,2022 & 2026 (USD Million)
Table 02 Global PU Sole (Footwear Polyurethane) Market Value, By Footwear Type, 2018,2022 & 2026 (USD Million)
Table 03 Global PU Sole (Footwear Polyurethane) Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 04 Global PU Sole (Footwear Polyurethane) Market Value, By Raw Material, 2018,2022 & 2026 (USD Million)
Table 05 Global PU Sole (Footwear Polyurethane) Market Value, By Raw Material, 2017-2026 (USD Million)
Table 06 Global PU Sole (Footwear Polyurethane) Market Value, By Footwear Type, 2018,2022 & 2026 (USD Million)
Table 07 Global PU Sole (Footwear Polyurethane) Market Value, By Footwear Type, 2017-2026 (USD Million)
Table 08 Global PU Sole (Footwear Polyurethane) Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 09 Global PU Sole (Footwear Polyurethane) Market Value, By Region, 2017-2026 (USD Million)
Table 10 North America PU Sole (Footwear Polyurethane) Market Value, By Raw Material, 2017-2026 (USD Million)
Table 11 North America PU Sole (Footwear Polyurethane) Market Value, By Footwear Type, 2017-2026 (USD Million)
Table 12 North America PU Sole (Footwear Polyurethane) Market Value, By Country, 2017-2026 (USD Million)
Table 13 South America PU Sole (Footwear Polyurethane) Market Value, By Raw Material, 2017-2026 (USD Million)
Table 14 South America PU Sole (Footwear Polyurethane) Market Value, By Footwear Type, 2017-2026 (USD Million)
Table 15 South America PU Sole (Footwear Polyurethane) Market Value, By Country, 2017-2026 (USD Million)
Table 16 Europe PU Sole (Footwear Polyurethane) Market Value, By Raw Material, 2017-2026 (USD Million)
Table 17 Europe PU Sole (Footwear Polyurethane) Market Value, By Footwear Type, 2017-2026 (USD Million)
Table 18 Europe PU Sole (Footwear Polyurethane) Market Value, By Country, 2017-2026 (USD Million)
Table 19 Asia-Pacific PU Sole (Footwear Polyurethane) Market Value, By Raw Material, 2017-2026 (USD Million)
Table 20 Asia-Pacific PU Sole (Footwear Polyurethane) Market Value, By Footwear Type, 2017-2026 (USD Million)
Table 21 Asia-Pacific PU Sole (Footwear Polyurethane) Market Value, By Country, 2017-2026 (USD Million)
Table 22 Middle East & Africa PU Sole (Footwear Polyurethane) Market Value, By Raw Material, 2017-2026 (USD Million)
Table 23 Middle East & Africa PU Sole (Footwear Polyurethane) Market Value, By Footwear Type, 2017-2026 (USD Million)
Table 24 Jasch International Limited: Overview
Table 25 Jasch International Limited: Product Portfolio
Table 26 Jasch International Limited: Key Developments
Table 27 Era Polymers: Overview
Table 28 Era Polymers: Product Portfolio
Table 29 Era Polymers: Key Developments
Table 30 Coim Group: Overview
Table 31 Coim Group: Product Portfolio
Table 32 Coim Group: Key Developments
Table 33 Eurofoam Group: Overview
Table 34 Eurofoam Group: Product Portfolio
Table 35 Eurofoam Group: Key Developments
Table 36 Vcm Polyurethanes: Overview
Table 37 Vcm Polyurethanes: Product Portfolio
Table 38 Vcm Polyurethanes: Key Developments
Table 39 Manali Petrochemicals: Overview
Table 40 Manali Petrochemicals: Product Portfolio
Table 41 Manali Petrochemicals: Key Developments
Table 42 BASF SE: Overview
Table 43 BASF SE: Product Portfolio
Table 44 BASF SE: Key Developments
Table 45 Huntsman: Overview
Table 46 Huntsman: Product Portfolio
Table 47 Huntsman: Key Developments
Table 48 Covestro: Overview
Table 49 Covestro: Product Portfolio
Table 50 Covestro: Key Developments
Table 51 Inoac Corporation: Overview
Table 52 Inoac Corporation: Product Portfolio
Table 53 Inoac Corporation: Key Developments

LIST OF FIGURES:

Figure 01 Global PU Sole (Footwear Polyurethane) Market Share, By Raw Material, 2018 & 2026 (%)
Figure 02 Global PU Sole (Footwear Polyurethane) Market Share, By Footwear Type, 2018 & 2026 (%)
Figure 03 Global PU Sole (Footwear Polyurethane) Market Share, By Region, 2018 & 2026 (%)
Figure 04 Global PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 05 Global PU Sole (Footwear Polyurethane) Market Y-o-Y Growth, By Raw Material, 2018-2026 (%)
Figure 06 Polyols: Global PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 07 Methylene Diphenyl Diisocyanate: Global PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 08 Toluene Diphenyl Diisocyanate: Global PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 09 Global PU Sole (Footwear Polyurethane) Market Y-o-Y Growth, By Footwear Type, 2018-2026 (%)
Figure 10 Slippers & Sandals: Global PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 11 Work & Safety: Global PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 12 Sports: Global PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 13 Leisure: Global PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 14 Others: Global PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 15 Global PU Sole (Footwear Polyurethane) Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 16 North America PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 17 North America PU Sole (Footwear Polyurethane) Market Share, By Raw Material, 2018 & 2026 (%)
Figure 18 North America PU Sole (Footwear Polyurethane) Market Share, By Footwear Type, 2018 & 2026 (%)
Figure 19 North America PU Sole (Footwear Polyurethane) Market Share, By Country, 2018 & 2026 (%)
Figure 20 South America PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 21 South America PU Sole (Footwear Polyurethane) Market Share, By Raw Material, 2018 & 2026 (%)
Figure 22 South America PU Sole (Footwear Polyurethane) Market Share, By Footwear Type, 2018 & 2026 (%)
Figure 23 South America PU Sole (Footwear Polyurethane) Market Share, By Country, 2018 & 2026 (%)
Figure 24 Europe PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 25 Europe PU Sole (Footwear Polyurethane) Market Share, By Raw Material, 2018 & 2026 (%)
Figure 26 Europe PU Sole (Footwear Polyurethane) Market Share, By Footwear Type, 2018 & 2026 (%)
Figure 27 Europe PU Sole (Footwear Polyurethane) Market Share, By Country, 2018 & 2026 (%)
Figure 28 Asia-Pacific PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 29 Asia-Pacific PU Sole (Footwear Polyurethane) Market Share, By Raw Material, 2018 & 2026 (%)
Figure 30 Asia-Pacific PU Sole (Footwear Polyurethane) Market Share, By Footwear Type, 2018 & 2026 (%)
Figure 31 Asia-Pacific PU Sole (Footwear Polyurethane) Market Share, By Country, 2018 & 2026 (%)
Figure 32 Middle East & Africa PU Sole (Footwear Polyurethane) Market Value, 2017-2026 (USD Million)
Figure 33 Middle East & Africa PU Sole (Footwear Polyurethane) Market Share, By Raw Material, 2018 & 2026 (%)
Figure 34 Middle East & Africa PU Sole (Footwear Polyurethane) Market Share, By Footwear Type, 2018 & 2026 (%)
Figure 35 Jasch International Limited: Financials
Figure 36 Era Polymers: Financials
Figure 37 Coim Group: Financials
Figure 38 Eurofoam Group: Financials
Figure 39 Vcm Polyurethanes: Financials
Figure 40 Manali Petrochemicals: Financials
Figure 41 BASF SE: Financials
Figure 42 Huntsman: Financials
Figure 43 Covestro: Financials
Figure 44 Inoac Corporation: Financials

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