Product Code: ETC4506925 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India PU sole market import shipment experienced a decline with a CAGR of -4.9% from 2020 to 2024. The growth rate between 2023 and 2024 further plummeted by -55.4%, indicating a significant contraction. The market clearly slowed down significantly, showing a downward trend and loss of momentum over the period.
Polyurethane (PU) is widely used in the footwear industry to manufacture comfortable and durable soles. As the India footwear market expands, the demand for PU soles grows, driven by consumer preferences for lightweight and long-lasting footwear.
The PU sole footwear polyurethane market in India is thriving due to the growing fashion industry and increasing disposable income. Polyurethane soles offer comfort, durability, and versatility in shoe manufacturing. As consumers become more style-conscious, the demand for footwear incorporating PU soles is on the rise.
The India PU sole footwear polyurethane market faces challenges, primarily concerning changing consumer preferences and fashion trends. Footwear styles and designs can quickly shift, making it difficult for manufacturers to predict demand accurately and avoid excess inventory. Additionally, environmental concerns are growing, and manufacturers need to develop sustainable and eco-friendly materials to cater to this demand. Ensuring quality and durability while keeping production costs low is also a challenge, especially when faced with fluctuations in raw material prices. Lastly, counterfeit products and intellectual property infringement pose a challenge to brand protection in this market.
The pandemic had a significant impact on the India PU sole footwear polyurethane market. With lockdowns and restrictions in place, the footwear industry faced a sharp decline in sales, impacting the demand for polyurethane materials used in footwear manufacturing. As the economy gradually reopened, there was a recovery in demand, especially for casual and sports footwear. However, the market`s growth remained constrained by economic uncertainties and changes in consumer behavior. Manufacturers in this sector adapted by focusing on e-commerce and innovative product offerings to cater to changing consumer preferences.
Major players in India PU sole footwear polyurethane market include Huntsman, BASF, DowDuPont, and Wanhua Chemical Group. They contribute significantly to the production of polyurethane for footwear applications.
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 India PU sole (Footwear Polyurethane) Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India PU sole (Footwear Polyurethane) Market Revenues & Volume, 2021 & 2031F |
3.3 India PU sole (Footwear Polyurethane) Market - Industry Life Cycle |
3.4 India PU sole (Footwear Polyurethane) Market - Porter's Five Forces |
3.5 India PU sole (Footwear Polyurethane) Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 India PU sole (Footwear Polyurethane) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India PU sole (Footwear Polyurethane) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for comfortable and durable footwear in India |
4.2.2 Increasing disposable income and changing consumer preferences |
4.2.3 Technological advancements in the manufacturing process of PU soles |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Intense competition from alternative materials in the footwear industry |
4.3.3 Regulatory challenges related to environmental concerns and sustainability |
5 India PU sole (Footwear Polyurethane) Market Trends |
6 India PU sole (Footwear Polyurethane) Market, By Types |
6.1 India PU sole (Footwear Polyurethane) Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 India PU sole (Footwear Polyurethane) Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 India PU sole (Footwear Polyurethane) Market Revenues & Volume, By Methylene Diphenyl Diisocyanate, 2021-2031F |
6.1.4 India PU sole (Footwear Polyurethane) Market Revenues & Volume, By Toluene Diphenyl Diisocyanate, 2021-2031F |
6.1.5 India PU sole (Footwear Polyurethane) Market Revenues & Volume, By Polyols, 2021-2031F |
6.2 India PU sole (Footwear Polyurethane) Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India PU sole (Footwear Polyurethane) Market Revenues & Volume, By Casuals, 2021-2031F |
6.2.3 India PU sole (Footwear Polyurethane) Market Revenues & Volume, By Boots, 2021-2031F |
6.2.4 India PU sole (Footwear Polyurethane) Market Revenues & Volume, By Slippers & Sandals, 2021-2031F |
6.2.5 India PU sole (Footwear Polyurethane) Market Revenues & Volume, By Sports , 2021-2031F |
6.2.6 India PU sole (Footwear Polyurethane) Market Revenues & Volume, By Formals, 2021-2031F |
7 India PU sole (Footwear Polyurethane) Market Import-Export Trade Statistics |
7.1 India PU sole (Footwear Polyurethane) Market Export to Major Countries |
7.2 India PU sole (Footwear Polyurethane) Market Imports from Major Countries |
8 India PU sole (Footwear Polyurethane) Market Key Performance Indicators |
8.1 Average selling price of PU sole footwear in the market |
8.2 Adoption rate of PU sole footwear by major footwear brands in India |
8.3 Number of patents filed for innovative PU sole manufacturing technologies |
8.4 Consumer satisfaction and repeat purchase rate for PU sole footwear |
9 India PU sole (Footwear Polyurethane) Market - Opportunity Assessment |
9.1 India PU sole (Footwear Polyurethane) Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 India PU sole (Footwear Polyurethane) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India PU sole (Footwear Polyurethane) Market - Competitive Landscape |
10.1 India PU sole (Footwear Polyurethane) Market Revenue Share, By Companies, 2024 |
10.2 India PU sole (Footwear Polyurethane) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |