Forecast Period 
Market Size (Base Year) 
Market Size (Forecast Year)
CAGRGlobal Polyurethane (PU) Sole Market, By Raw Material (Methylene Diisocyanate, Toluene Diisocyanate, Polyols), Application (Casuals, Boots, Slipper and Sandals, Sports, Formals, Leisure, Work and Safety) - Industry Trends and Forecast to 2030.
Polyurethane (PU) Sole Market Analysis and Size
The rising demand for durable shoes will influence the growth rate of the global polyurethane (PU) sole market. The rise in growth of footwear sales and production is the key elements driving market expansion. Along with this, superior properties of polyurethane as shoe sole material will increase the demand for the global polyurethane (PU) sole market. The global polyurethane (PU) sole market is also being driven by significant factors such as the upsurge in the level of disposable income and increasing urbanization. Furthermore, transformation of fashion and lifestyle trends will enhance the growth rate of global polyurethane (PU) sole market. Also, rapidly rising industrialization will act as major factors influencing the growth of global polyurethane (PU) sole market. The advancement in technologies and surging demand from developing nations will have positive impact on the growth rate of global polyurethane (PU) sole market.
The global polyurethane (PU) sole market which was USD 5.26 billion in 2022, is expected to reach USD 8.19 billion by 2030, growing at a CAGR of 5.70% during the forecast period of 2023 to 2030 . The "Sports" segment is said to dominate the global polyurethane (PU) sole market. This is primarily because sports footwear, such as athletic shoes and sneakers, is a highly popular and consistently growing category, driving significant demand for PU soles due to their comfort, durability, and performance characteristics. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Polyurethane (PU) Sole Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015-2020) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Raw Material (Methylene Diisocyanate, Toluene Diisocyanate, Polyols), Application (Casuals, Boots, Slipper and Sandals, Sports, Formals, Leisure, Work and Safety) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
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Market Players Covered |
Asahi Kasei Corporation (Japan), BASF SE (Germany), Huntsman International LLC (U.S.), The Dow Chemical Company (now Dow Inc.) (U.S.), Coim Group (Italy), Wanhua Chemical Group Co., Ltd. (China), The Lubrizol Corporation (U.S.), Covestro AG (Germany), INOAC CORPORATION (Japan), Trelleborg AB (Sweden), Cellular Mouldings (U.K.), Rogers Corporation (U.S.), MarvelVinyls (India), Airysole Footwear Pvt Ltd (India), Unisol India (India), Bkind Polymers LLP (India), LANXESS AG (Germany),VCM Polyurethanes Pvt. Ltd. (India), NEVEON Holding GmbH (Germany), Era Polymers Pty Ltd. (Australia), Perstorp AB (Sweden) |
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Market Opportunities |
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Market Definition.
PU Sole, also known as polyurethane bottom, is a long-lasting, light, water-resistant, and comfortable material used by shoemakers. This sole is utilized for trekking, sports shoes, as well as fashion and business shoes, due to its great quality. Chemical resistance, stress absorption, and low density are some of the other benefits of PU soles.
Global Polyurethane (PU) Sole Market Dynamics
Drivers
- Footwear Industry Expansion
The global footwear industry's continuous growth, driven by fashion trends and rising consumer disposable income, serves as a significant driver for the PU sole market. Polyurethane soles are favoured for their durability, comfort, and versatility in footwear design.
- Shift towards Sustainable Materials
Increasing awareness of environmental sustainability has prompted a shift toward eco-friendly materials. Polyurethane soles, when manufactured using sustainable processes and materials, can appeal to environmentally conscious consumers, thereby driving market growth.
Opportunity
- Innovation in Material Technology
Continuous research and development in polyurethane materials offer opportunities to enhance the performance and sustainability of PU soles. Innovations in lightweight and eco-friendly PU sole materials can provide a competitive edge in the market.
Restraint/Challenge
- Fluctuating Raw Material Prices
The price volatility of key raw materials used in polyurethane production, such as isocyanates, can impact the overall production cost of PU soles. This can lead to price fluctuations and margin pressures for manufacturers.
- Competition from Alternative Materials
PU soles face competition from alternative materials like thermoplastic polyurethane (TPU) and ethylene-vinyl acetate (EVA) in the footwear industry. Manufacturers must navigate the challenges posed by these substitutes to maintain market share.
This global polyurethane (PU) sole market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global polyurethane (PU) sole market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In July 2023, Rymbal, a leading B2B player in the footwear industry, launches their latest product, “RymaSoft”, an advanced polyether–based polyurethane system designed to meet the emerging trends in footwear requiring additional comfort, especially for outsoles. RymaSoft offers unparalleled softness, high abrasion resistance, and superior flexibility, creating a new benchmark for comfort with performance in the footwear industry
Global Polyurethane (PU) Sole Market Scope
The global polyurethane (PU) sole market is segmented on the basis of raw material and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
- Methylene Diisocyanate
- Toluene Diisocyanate
- Polyols
Application
- Casuals
- Boots
- Slipper and Sandals
- Sports
- Formals
- Leisure
- Work and Safety
Global Polyurethane (PU) Sole Market Analysis/Insights
The global polyurethane (PU) sole market is segmented on the basis of country, raw material, and application.
The countries covered in the global polyurethane (PU) sole market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the global polyurethane (PU) sole market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing use of polyurethane (PU) sole in formals, slippers and sandals and boots in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Polyurethane (PU) Sole Market Share Analysis
The global polyurethane (PU) sole market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global polyurethane (PU) sole market.
Some of the major players operating in the global polyurethane (PU) sole market are:
- Asahi Kasei Corporation (Japan)
- BASF SE (Germany)
- Huntsman International LLC (U.S.)
- The Dow Chemical Company (now Dow Inc.) (U.S.)
- Coim Group (Italy)
- Wanhua Chemical Group Co., Ltd. (China)
- The Lubrizol Corporation (U.S.)
- Covestro AG (Germany)
- INOAC CORPORATION (Japan)
- Trelleborg AB (Sweden)
- Cellular Mouldings (U.K.)
- Rogers Corporation (U.S.)
- MarvelVinyls (India)
- Airysole Footwear Pvt Ltd (India)
- Unisol India (India)
- Bkind Polymers LLP (India)
- LANXESS AG (Germany)
- VCM Polyurethanes Pvt. Ltd. (India)
- NEVEON Holding GmbH (Germany)
- Era Polymers Pty Ltd. (Australia)
- Perstorp AB (Sweden)
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