January 31, 2019 12:30 ET | Source: Research and Market Research and Market
Dublin, January 31, 2019 (GLOBE NEWSWIRE) - "PU soles (polyurethane for footwear) market, by footwear type (sports, leisure, work and safety, slippers and sandals), raw materials (diphenylmethane diisocyanate) , Toluene diphenyl diisocyanate, and polyols) and regions-global forecast to 2023" report has been added to ResearchAndMarkets.com products.
In 2018, the market size of PU soles (polyurethane for footwear) is estimated to be US$4.55 billion, and is expected to reach US$5.79 billion by 2023, with a compound annual growth rate 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 use of polyurethane in footwear provides excellent properties, such as high mechanical strength, which makes the shoes strong and durable. It can be used for sports, leisure, slippers, sandals, work, safety and other different types of shoes. PU soles (polyurethane for footwear) are increasingly used in various footwear, such as sports, leisure, work and safety, as well as slippers and sandals. Slippers and sandals-the largest type of footwear in the entire PU sole (polyurethane for footwear) market. Slippers and sandals are estimated to be the largest footwear in the entire PU sole (polyurethane for footwear) market. The huge market size of this market segment is attributable to consumers' preference for slippers and sandals in developing economies. Methylene diphenyl diisocyanate (MDI) raw material is the fastest growing part of the entire PU sole (shoe polyurethane) market. Diphenylmethane diisocyanate (MDI) is the raw material for PU soles (shoe polyurethane). MDI is the most widely used aromatic diisocyanate in PU soles (shoe polyurethane), mainly in the form of three isomers, namely 2,2'-MDI, 2,4'-MDI and 4,4'-MDI . 4,4'-MDI isomers are used in shoe sole formulations.
To make polyurethane for footwear, MDI reacts with polyols in the presence of other additives. MDI-based polyurethane can be used for compact outsoles and unit soles. The properties of methylene diphenyl diisocyanate (MDI), such as high stiffness and elasticity, are expected to drive the development of this market segment. The Asia-Pacific region is the largest and fastest growing market for PU soles (polyurethane for footwear). The Asia-Pacific region is estimated to be the largest and fastest growing market for PU soles (polyurethane for footwear). The high growth rate of the regional market is due to increased footwear production in countries such as China, India, Indonesia and Vietnam. China is estimated to be the largest market for PU soles (polyurethane for footwear) in the Asia-Pacific region.
It is estimated that Indonesia is the fastest growing market in the region and even in the world. Due to the increase in population and consumer spending, regional demand is expected to increase during the forecast period. China is the leading footwear manufacturer and consumer in the Asia-Pacific region. The high demand for sports shoes and casual shoes is expected to drive the demand for PU soles (polyurethane for footwear) in the region.
Leading companies in the global PU sole (polyurethane for footwear) market include BASF SE (Germany), Covestro (Germany), DowDuPont (U.S.), Huntsman (U.S.), Wanhua Chemical Group (China) and Coim Group (Italy).
1 Introduction 1.1 Research objectives 1.2 Market definition 1.3 Market scope 1.3.1 By region 1.3.2 Year considered 1.4 Currency 1.5 Unit considered 1.6 Limitations 1.7 Stakeholders 2 Research methods 2.1 Research data 2.1.1.1. 1 time Key data Secondary source data 2.1.2 Main data 2.1.2.1 Main source Key data 2.1.2.2 Main interview segmentation 2.2 Market size estimation 2.3 Data triangulation 2.4 Hypothesis 3 Executive summary 4 Advanced insight 4.1 PU sole (polyurethane for shoes) Major Opportunities Market 4.2 Footwear polyurethane market in the Asia-Pacific region, by footwear type and country 4.3 PU sole (shoe polyurethane) market, by region 4.4 PU sole (footwear polyurethane) market, by raw material 5 Market overview 5.1 Introduction 5.2 Market dynamics 5.2 .1 Driving factors 5.2.1.1 Superior performance of polyurethane as a sole material 5.2.1.2 Footwear sales growth 5.2.1.3 Footwear production growth 5.2.2 Constraints 5.2.2.1 Haza 5.2.3 Opportunities 5.2.3.1 Rapid urbanization 5.2.3.2 Continuous Changing fashion trends 5.2.4 Challenges 5.2.4.1 Crude oil price fluctuations 5.2.4.2 Difficulties in thermoplastic polyurethane processing 5.3 Porter’s five forces analyze the PU sole (shoe polyurethane) market and introduce 6.2 MDI (diphenylmethane diisocyanate) according to raw material 6.1 6.3 TDI (toluene diisocyanate) 6.4 Polyol 7 PU sole (polyurethane for footwear) market, by footwear type 7.1 Introduction 7.3 Work safety and leisure 7.45 Slippers and sandals 7.6 Other 8 PU sole (polyurethane for footwear) market, 8.1 by region Introduction 8.2 North America 8.2.1 United States 8.2.2 Canada 8.2.3 Mexico 8.3 Asia Pacific 8.3.1 China 8.3.2 India 8.3.3 Vietnam 8.3.4 Indonesia 8.3.5 Thailand 8.3.6 Bangladesh 8.3.7 Rest of Asia Pacific 8.4 Europe 8.4.1 Turkey 8.4.2 Italy 8.4.3 Spain 8.4.4 Portugal 8.4.5 Rest of Europe 8.5 World 8.5.1 Brazil 8.5.2 Africa 8.5.3 Other 9 Competition landscape 9.1 Overview 9.2 Competition scenario 9.2.1 Investment and Expansion 9.2.2 New product development 9.2.3 Acquisition/cooperation 10 Company profile 10.1 Huntsman 10.2 Covestro 10.3 Dowdupont 10.4 BASF SE 10.5 Coim Wanhuas 10.5 Coim Wanhuas 10.5 Coim Wanhuas 10.5 Coim Wanhuas Corporation 10.5 Coim Wanhuas 10.5 Other 10.11.1 Eurofoam Group 10.11.2 Asahi Kasei Corporation 10.11.3 Trelleborg 10.11.4 Headway Group 10.11.5 Cellular Moldings 10.11.6 Era Polymers 10.11.7 Perstorp 10.11110CM Polymers.10.CM Polymers.10.10 CM Polymers.10.CM
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