Market Overview: The global market for PU sole was valued at USD 4.98 Billion in 2020 and is projected to reach USD 7.47 Billion by 2028, growing at a CAGR of 5.2%. PU sole, made from footwear polyurethane, is highly sought after in footwear production due to its lightweight, abrasion-resistant, and long-lasting mechanical properties. Shoes made from this material boast exceptional practicality and water-resistance. Polyurethane, a petroleum resin and thermosetting polymer, ensures sturdy soles, making it a preferred choice for trekking shoes, safety shoes, and everyday footwear. The PU sole market is characterized by several key players, and its growth is attributed to changing consumer preferences, a rising disposable income, and the continuous demand for innovative and durable footwear in the fashion industry.
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PU sole (footwear polyurethane) Market: Drive factors
The PU sole (footwear polyurethane) market is driven by several factors that contribute to its growth and popularity in the footwear industry. Some of the key drive factors include:
- Lightweight and Durable Material: PU sole (footwear polyurethane) is known for its lightweight nature, making it a preferred choice for footwear manufacturers. Its high durability ensures that the soles can withstand wear and tear, making it ideal for everyday use.
- Excellent Mechanical Properties: PU sole material possesses long-term mechanical properties, such as good abrasion resistance and flexibility. These properties ensure that the footwear made from PU soles can withstand various environmental conditions and provide comfort to the users.
- Water Resistance: PU soles are water-resistant, offering protection against moisture and water seepage. This characteristic is particularly beneficial for outdoor activities and during rainy weather, making them suitable for trekking shoes and other outdoor footwear.
- Growing Demand for High-Quality Footwear: As consumers' disposable income rises, there is a growing demand for high-quality, long-lasting, and comfortable footwear. PU sole materials fulfill these criteria and have become increasingly popular among consumers seeking reliable and stylish shoes.
- Evolving Fashion Industry: The fashion industry is continuously evolving, demanding frequent updates and innovations in footwear design and materials. PU sole (footwear polyurethane) allows for versatile designs and can be molded into various shapes, making it an attractive choice for fashion-forward footwear.
- Support for Footwear Market Growth: The expanding global footwear market, driven by population growth and changing fashion trends, creates a significant demand for durable and comfortable footwear, contributing to the increasing popularity of PU sole materials.
- Advancements in PU Manufacturing: Continuous research and development in the field of polyurethane manufacturing have led to the improvement of PU sole properties, making it a more appealing option for footwear production.
- Suitable for Safety Shoes: PU sole (footwear polyurethane) is widely used in safety shoes due to its shock-absorbing properties and chemical resistance, making it a reliable choice for industries that require protective footwear.
- Geographical Market Expansion: The market for PU sole (footwear polyurethane) has expanded globally, with regions like Asia Pacific, particularly China, India, and Vietnam, witnessing significant growth due to their large youth population and rising disposable income.
Overall, the lightweight, durable, and water-resistant nature of PU sole (footwear polyurethane), coupled with the increasing demand for high-quality footwear and innovations in the fashion industry, are the key drive factors behind the growth of the PU sole market.
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