Global Footwear Polyurethane Market Report Size, Trends & Growth Opportunity, By Application (Casuals, Boots, Slippers & Sandals, Sports, Formals), By PU Sole Applications (Midsole, Insole, Outsole), By Raw Material (Methylene Diphenyl Diisocyanate (MDI), Toluene Diphenyl Diisocyanate (TDI), Polyols), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2027.
Global Footwear Polyurethane Market         
The Global Footwear Polyurethane Market is estimated to be USD 7,230.00 Mn in 2021 and is projected to reach USD 11,950.00 Mn by 2027, growing at a CAGR of 6.94%.
Synthetic shoe sole which is light in weight, resistant to abrasion for a perfect shoe manufacturing is also known as PU sole or polyurethane sole.
Market Drivers
The expanding use of TPU in footwear as well as factors like the growing popularity of PU sole footwear among athletes and sports fans would help to fuel market expansion. There is a rising need for lightweight, sturdy, and comfortable shoes in the footwear sector.
Numerous market prospects should be generated by the rising demand for low VOC, environmentally friendly, and sustainable polyurethane as well as by the expansion of polyurethane recycling and recovery.
Market Restraints
The recent increase in MDI and TDI costs (used in polyurethane for footwear) as a result of the volatility of crude oil prices has been a major issue impeding industry expansion. 
Environmental organisations are finding that polyurethane disposal is a huge problem since it emits many dangerous substances into the environment and limits the market for the sector.
Market Segmentation
Footwear Polyurethane Market is segmented into major 4 categories. Based Application, the market is segmented into Casuals, Boots, Slippers & Sandals, Sports, Formals. Based on Raw Material, the market is divided into Methylene Diphenyl Diisocyanate (MDI), Toluene Diphenyl Diisocyanate (TDI), Polyols. Based on By PU Sole Applications, the market is segmented into Midsole, Insole, Outsole. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Based on region Asia-Pacific region dominates the Footwear Polyurethane Market across the world, owing to the increasing PU sole footwear industry, especially in China, India, Indonesia and Vietnam. Additionally, growing consumer disposable income levels coupled with rapid urbanization will drive demand further.
Europe is anticipated to grow at a significant CAGR due to high product demand as a result of improving economic conditions in countries such as Germany and France among others are expected over the next few years which will boost industry growth across this region during the forecast period. 
North America also has substantial potential for PU sole footwear polyurethane products because of the presence of key application industries including sports goods manufacturing companies such as Nike Inc., and Adidas AG along with other small & medium enterprises (SMEs).
Market Key Players
Some of the key players operating in Global Footwear Polyurethane Market are BASF SE, Covestro, DuPont, Huntsman, Wanhua Chemical Group, Coim Group, Lubrizol, Lanxess, Manali Petrochemical, INOAC           
Industry development
In May 2019 Covestro and the Austria-based Lenzing Group have developed environmentally-compatible polyurethane (PU) synthetics for the shoe industry. The expertise of both partners complements each other perfectly: Covestro brings its expertise as a raw material specialist for PU textile coatings, which are based on the water-based INSQIN® technology. Lenzing offers its unique expertise in the production of fibers, a wood-based material that is both renewable and natural.
In September 2021 BASF collaborates with Hotter to provide footwear that generates energy with every step taken. Initially developed for sports performance footwear, lightweight Infinergy adds athlete-endorsed energy return and Greater flexibility with the sole of footwear made with world’s leading high-performance responsive material by BASF, Infinergy.
In March 2022 Supercritical fluid (SCF) foaming process applied to Hytrel® creates a new closed-cell foam with lower environmental impact, expanded performance, and greater design freedom.This fully recyclable  material is the first foamed product in the Hytrel® product family. It not only reduces environmental impact, but customers already have confirmed that it delivers up to 15% greater resilience and 20% less weight than thermoplastic urethane (TPU, E-TPU), polyurethane (PU), and ethylene vinyl acetate (EVA) foams.

Global Footwear Polyurethane Market Toc:
1 Introduction        
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Footwear Polyurethane Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Footwear Polyurethane Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Footwear Polyurethane Market Share Analysis, By Application
5.3 Footwear Polyurethane Market Size and Forecast, By Application
5.3.1 Casuals
5.3.2 Boots
5.3.3 Slippers & Sandals
5.3.4 Sports
5.3.5 Formals
6 Footwear Polyurethane Market, By PU Sole Applications
6.1 Y-o-Y Growth Comparison, By PU Sole Applications
6.2 Footwear Polyurethane Market Share Analysis, By PU Sole Applications
6.3 Footwear Polyurethane Market Size and Forecast, By PU Sole Applications
6.3.1 Midsole
6.3.2 Insole
6.3.3 Outsole
7 Footwear Polyurethane Market, By Raw Material
7.1 Y-o-Y Growth Comparison, By Raw Material
7.2 Footwear Polyurethane Market Share Analysis, By Raw Material
7.3 Footwear Polyurethane Market Size and Forecast, By Raw Material
7.3.1 Methylene Diphenyl Diisocyanate (MDI)
7.3.2 Toluene Diphenyl Diisocyanate (TDI)
7.3.3 Polyols
8 Footwear Polyurethane Market, By Region
8.1 Footwear Polyurethane Market Share Analysis, By Region
8.2 Footwear Polyurethane Market Share Analysis, By Region
8.3 Footwear Polyurethane Market Size and Forecast, By Region
9 North America Footwear Polyurethane Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Footwear Polyurethane Market Share Analysis, By Application
9.3 North America Footwear Polyurethane Market Size and Forecast, By PU Sole Applications
9.4 North America Footwear Polyurethane Market Size and Forecast, By Raw Material
9.5 North America Footwear Polyurethane Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Footwear Polyurethane Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Footwear Polyurethane Market Share Analysis, By Application
10.3 Europe Footwear Polyurethane Market Size and Forecast, By PU Sole Applications 
10.4 Europe Footwear Polyurethane Market Size and Forecast, By Raw Material
10.5 Europe Footwear Polyurethane Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Footwear Polyurethane Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Footwear Polyurethane Market Share Analysis, By Application
11.3 Asia Pacific Footwear Polyurethane Market Size and Forecast, By PU Sole Applications 
11.4 Asia Pacific Footwear Polyurethane Market Size and Forecast, By Raw Material
11.5 Asia Pacific Footwear Polyurethane Market Size and Forecast, By Country
11.5.1 China        
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Footwear Polyurethane Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Footwear Polyurethane Market Share Analysis, By Application
12.3 Latin America Footwear Polyurethane Market Size and Forecast, By PU Sole Applications 
12.4 Latin America Footwear Polyurethane Market Size and Forecast, By Raw Material
12.4 Latin America Footwear Polyurethane Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Footwear Polyurethane Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Footwear Polyurethane Market Share Analysis, By Application
13.3 Middle East Footwear Polyurethane Market Size and Forecast, By PU Sole Applications 
13.4 Middle East Footwear Polyurethane Market Size and Forecast, By Raw Material
13.5 Middle East Footwear Polyurethane Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BASF FE.  
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Covestro
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 DuPont
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Huntsman 
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Wanhua Chemical Group
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Coim Group
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Lubrizol
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies        
15.8 Lanxess
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Manali Petrochemical
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 INOAC
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies