Global Pu Sole (Footwear Polyurethane) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Raw Material;

Methylene Diisocyanate (MDI), Toluene Diisocyanate (TDI), and Polyols.

By Application;

Casuals, Boots, Slippers & Sandals, Sports, and Formals.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn155922377 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Pu Sole (Footwear Polyurethane) Market (USD Million), 2021 - 2031

In the year 2024, the Global Pu Sole (Footwear Polyurethane) Market was valued at USD 5,631.80 million. The size of this market is expected to increase to USD 8,867.44 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.

The global market for Polyurethane (PU) sole footwear is experiencing significant expansion driven by several key factors. PU soles are favored in footwear manufacturing due to their durability, lightweight nature, and flexibility, which contribute to enhanced comfort for consumers. Manufacturers are increasingly opting for PU soles over traditional materials like rubber due to these advantages, which cater to a growing demand for comfortable and long-lasting footwear across various demographics.

PU soles offer versatility in design and can be molded into various shapes and textures, allowing for greater creativity in shoe design. This flexibility appeals to fashion-conscious consumers seeking both style and functionality in their footwear choices. The market growth is further fueled by technological advancements in PU production processes, leading to improved quality and cost-effectiveness for manufacturers.

On a global scale, rising disposable incomes and changing consumer lifestyles are boosting the demand for premium footwear, including those featuring PU soles. This trend is particularly pronounced in emerging economies where urbanization and a burgeoning middle class are driving sales in the footwear sector. Additionally, environmental considerations play a role as PU materials can be recycled and reused, aligning with sustainability goals increasingly prioritized by both consumers and regulatory bodies.

The PU sole footwear market is poised for continued expansion as manufacturers innovate to meet evolving consumer preferences for comfort, style, and sustainability. Strategic collaborations and investments in research and development are expected to further propel market growth, making PU soles a cornerstone of the modern footwear industry's evolution.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Raw Material
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Pu Sole (Footwear Polyurethane) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand from the Automotive Industry
        2. Rising Usage in Medical Applications
        3. Growing Awareness and Demand for Eco-friendly Products
      2. Restraints
        1. High Production Costs
        2. Environmental and Regulatory Challenges
        3. Competition from Alternative Materials
      3. Opportunities
        1. Technological Advancements
        2. Expansion in Emerging Markets
        3. Development of Bio-based PU Films
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Pu Sole (Footwear Polyurethane) Market, By Raw Material, 2021 - 2031 (USD Million)
      1. Methylene Diisocyanate (MDI)
      2. Toluene Diisocyanate (TDI)
      3. Polyols
    2. Global Pu Sole (Footwear Polyurethane) Market, By Application, 2021 - 2031 (USD Million)
      1. Casuals
      2. Boots
      3. Slippers & Sandals
      4. Sports
      5. Formals
    3. Global Pu Sole (Footwear Polyurethane) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Huntsman Corporation
      2. BASF
      3. Dow Inc
      4. COIM
      5. Wanhua Chemical Company
      6. Lubrizol
      7. LANXESS
      8. Covestro
      9. Manali Petrochemical
      10. INOAC Corporation
      11. Eurofoam Group
      12. Asahi Kasei Corporation
      13. Trelleborg
      14. Headway Group
      15. Cellular Mouldings
  7. Analyst Views
  8. Future Outlook of the Market