PU Sole (Footwear Polyurethane) Market to experience a healthy CAGR of 6.2%
February 17, 2020
PU Sole (Footwear Polyurethane) Market Overview:
PU sole (Footwear Polyurethane) market is likely to witness an impressive CAGR of 6.2% during the forecast period. Polyurethane is employed in footwear to deliver seamless blend of microclimate, ergonomics, and contented experience. The premium characteristics of polyurethane as shoe sole material, development in footwear sales, and rising manufacturing in burgeoning economies are anticipated to drive the global PU sole (footwear polyurethane) market.
Report Overview:
This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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PU Sole (Footwear Polyurethane) Market Segment Insights:
leisure footwear segment: The growth engine
Based on the footwear type, the market is segmented as leisure, work and safety, slippers & sandals, and others. The leisure footwear segment is estimated to depict the highest growth during the forecast period. Leisure footwear is defined as footwear that is used on a regular basis for trend and comfort. Such a footwear also provides a grade of performance for various open-air activities. Sneakers, loafers, and flat soles are the few types of leisure footwear available commercially. The material selection for soles is a prime factor as soles play a significant part in delivering comfort to users. The engagement of polyurethane in soles presents enhanced flexibility, sturdiness, and comfort, which is bolstering the demand for this segment.
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https://www.stratviewresearch.com/toc/580/pu-sole-market.html
Dominance of: The Polyols Segment
Based on the raw material type, the market is segmented as methylene diphenyl diisocyanate (MDI), toluene diphenyl diisocyanate (TDI), and polyols. The polyols segment held the largest share and is expected to soar high in the coming five years.
A highly/moderately/fragment consolidated Market
Some of the major players in the PU sole (Footwear Polyurethane) market are Asahi Kasei Corporation, BASF SE, Coim Group, Eurofoam Group, Headway Group, Inoac Corporation, Lanxess Aktiengesellschaft, and Manali Petrochemicals.
Regional Hegemony of North America
North America is estimated to lead the full body scanner market during the forecast period. The full body scanner market in the European and the Asia-Pacific regions is estimated to witness high growth, driven by the regulatory mandates for the installation of full body scanners in Europe and the increase in terrorist activities in the Asia-Pacific region.
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