| Product Code: ETC6188816 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Australia polyurethane (PU) sole market, the import trend experienced a -3.21% growth rate from 2023 to 2024, with a compound annual growth rate (CAGR) of 15.28% from 2020 to 2024. This decline in import momentum in 2024 could be attributed to shifts in demand dynamics or adjustments in trade policies impacting market stability.
The PU sole market in Australia is closely tied to the footwear industry, where PU soles are favored for their lightweight, comfort, and shock-absorbing properties. The market benefits from rising consumer demand for casual and sports footwear, as well as the growing e-commerce sector. However, it faces stiff competition from rubber and EVA sole alternatives, which offer different advantages. Environmental sustainability and recycling concerns around PU materials also impact long-term adoption.
In Australia, the PU sole market is evolving in response to changing fashion trends and a rising preference for lightweight, comfortable, and durable footwear. PU soles are increasingly used in both casual and safety footwear due to their shock absorption and durability. The surge in workwear requirements across sectors like mining and construction is pushing demand for PU soles in safety boots. Additionally, sustainable manufacturing practices and the integration of recyclable PU materials are gradually influencing production trends in the footwear industry.
The polyurethane PU sole market in Australia is primarily challenged by the increasing demand for cost-effective yet durable materials for footwear. While polyurethane soles offer durability, comfort, and lightweight properties, the high cost of manufacturing, especially for high-performance soles, limits their appeal in price-sensitive segments. Furthermore, competition from alternative materials like rubber and EVA (ethylene-vinyl acetate) also presents challenges. On the sustainability front, there is a push toward more eco-friendly solutions, and the PU sole market must contend with the environmental footprint of polyurethane production and disposal. Additionally, the volatility in global supply chains can disrupt the availability of key materials for polyurethane production, affecting manufacturers` ability to meet demand.
The PU sole market in Australia is thriving, buoyed by demand from the footwear industry and industrial safety segments. Localized production, brand collaborations, and innovations in lightweight, eco-friendly polyurethane soles offer entry points for investment. Establishing production partnerships with local shoe manufacturers or setting up export-oriented units can yield long-term benefits.
Government involvement includes safety standards for footwear products, support for local manufacturing via trade incentives, and compliance with material and chemical usage regulations overseen by AICIS and the Australia Competition and Consumer Commission (ACCC).
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Polyurethane (PU) Sole Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Polyurethane (PU) Sole Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Polyurethane (PU) Sole Market - Industry Life Cycle |
3.4 Australia Polyurethane (PU) Sole Market - Porter's Five Forces |
3.5 Australia Polyurethane (PU) Sole Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Australia Polyurethane (PU) Sole Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Polyurethane (PU) Sole Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for comfortable and durable footwear products |
4.2.2 Growing awareness regarding sustainable and eco-friendly materials |
4.2.3 Rise in disposable income leading to higher spending on premium footwear products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials affecting production costs |
4.3.2 Intense competition from other materials used in footwear manufacturing |
4.3.3 Regulations and standards related to chemical usage impacting production processes |
5 Australia Polyurethane (PU) Sole Market Trends |
6 Australia Polyurethane (PU) Sole Market, By Types |
6.1 Australia Polyurethane (PU) Sole Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Australia Polyurethane (PU) Sole Market Revenues & Volume, By Raw Material, 2021- 2031F |
6.1.3 Australia Polyurethane (PU) Sole Market Revenues & Volume, By Methylene Diisocyanate, 2021- 2031F |
6.1.4 Australia Polyurethane (PU) Sole Market Revenues & Volume, By Toluene Diisocyanate, 2021- 2031F |
6.1.5 Australia Polyurethane (PU) Sole Market Revenues & Volume, By Polyols, 2021- 2031F |
6.2 Australia Polyurethane (PU) Sole Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Polyurethane (PU) Sole Market Revenues & Volume, By Casuals, 2021- 2031F |
6.2.3 Australia Polyurethane (PU) Sole Market Revenues & Volume, By Boots, 2021- 2031F |
6.2.4 Australia Polyurethane (PU) Sole Market Revenues & Volume, By Slipper and Sandals, 2021- 2031F |
6.2.5 Australia Polyurethane (PU) Sole Market Revenues & Volume, By Sports, 2021- 2031F |
6.2.6 Australia Polyurethane (PU) Sole Market Revenues & Volume, By Formals, 2021- 2031F |
6.2.7 Australia Polyurethane (PU) Sole Market Revenues & Volume, By Leisure, 2021- 2031F |
7 Australia Polyurethane (PU) Sole Market Import-Export Trade Statistics |
7.1 Australia Polyurethane (PU) Sole Market Export to Major Countries |
7.2 Australia Polyurethane (PU) Sole Market Imports from Major Countries |
8 Australia Polyurethane (PU) Sole Market Key Performance Indicators |
8.1 Percentage of footwear brands incorporating polyurethane soles in their product lines |
8.2 Adoption rate of sustainable practices in polyurethane sole production |
8.3 Number of research and development initiatives focused on enhancing polyurethane sole durability and performance |
9 Australia Polyurethane (PU) Sole Market - Opportunity Assessment |
9.1 Australia Polyurethane (PU) Sole Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Australia Polyurethane (PU) Sole Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Polyurethane (PU) Sole Market - Competitive Landscape |
10.1 Australia Polyurethane (PU) Sole Market Revenue Share, By Companies, 2024 |
10.2 Australia Polyurethane (PU) Sole Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |