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The objective of the PU Sole (Footwear Polyurethane) Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the PU Sole (Footwear Polyurethane) Market.
Market Insights – The PU Sole (Footwear Polyurethane) Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the PU Sole (Footwear Polyurethane) Market are-
• Asahi Kasei Corporation
• BASF SE
• Coim Group
• Eurofoam Group
• Headway Group
• Inoac Corporation
• Lanxess Aktiengesellschaft
• Manali Petrochemicals.
Growth drivers and Market Value:
This report, from Stratview Research, studies the PU sole (Footwear Polyurethane) market value and growth drivers over the trend period of 2022-27. According to the report -
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.
Segment Analysis:
Based on by Raw Material Type:
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.
Based on Regional:
In terms of regions, Asia-Pacific is estimated to be the largest and fastest-growing market for PU soles (footwear polyurethane) in the coming five years. China and Indonesia are the growth engines of the region and are anticipated to hold the largest share of the market in the region during the forecast period. The market is driven by the upsurge in the engagement of PU sole (footwear polyurethane) in leisure, sports, work & safety, and slippers & sandals footwear, which has subsequently augmented the demand for PU sole (footwear polyurethane). North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Critical Questions Answered in the Report
l What are the key trends in the global PU Sole (Footwear Polyurethane) Market?
l How the PU Sole (Footwear Polyurethane) Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the PU Sole (Footwear Polyurethane) Market?
l What are the key strategies adopted by the major vendors to lead in the PU Sole (Footwear Polyurethane) Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the PU Sole (Footwear Polyurethane) Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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