Footwear Adhesives Market: Global Industry Analysis and Forecast (2023-2029)

Footwear Adhesives Market is expected to reach US$ 700.7 Mn. by 2029, at a CAGR of 6.38% during the forecast period.

The global Footwear Adhesives Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Footwear Adhesives Market report also provides trends by market segments, technology, and investment with a competitive landscape.
Footwear Adhesives Market Overview:
Footwear adhesives play an important role in the manufacturing of footwear. The primary use of footwear adhesives is to join the sole attachment. Footwear adhesive is a more convenient method as compared to the traditional method like sticking and pinning. The up-heaving in demand for high fashioned footwear is likely to proliferate to have a major influence on overall footwear. Adhesives are designed for a specific application, they are used in sealing agents, to eliminate the effect of self-loosening caused by dynamic loads, sealing off areas to prevent oxidation.

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Footwear Adhesives Market Dynamics:
The driving properties of footwear adhesives are such as moisture curing, thermal coefficient of expansion, and resistance to multiple elongations under various loads have offered a noteworthy opportuning for the footwear adhesives market across the globe. Footwear adhesives can be customized as per the industrial requirement. The demand for footwear sealants and adhesives is creating more opportuning in various countries. The durability and high-performance material footwear adhesives offer strength to footwear and efficient workability.

Increasing the demand for an international brand, along with the fluctuating trend for the fashion industry in countries like US., Europe is further creating the demand for footwear adhesives in the market. Further rising demand for high-performance footwear with durability and the protective shoe is responsible to boost the market.

Moreover, the high cost of raw material in the manufacturing of footwear adhesives is responsible to obstruct the growth of the footwear adhesive market. Additionally, the rising concern related to the environment is likely to hinder the growth of the market due to the release of toxic gas by the manufacturing of footwear adhesives.
Footwear Adhesives Market Segment Analysis:
By Type, the segment is divided into Solvent-based footwear adhesives, Water based footwear adhesives, Radiation cured (UV/EB) footwear adhesives, Hot melts footwear adhesives. Water-based footwear adhesives are dominating the type segment of the footwear adhesives market. Water-based adhesives are developed using a combination of water, polymers, and additives. They are ideal for porous and non-porous substrates. These adhesives may be formulated as a solution and are activated as the water evaporates or is absorbed by the substrate. Water-based contain an organic binder most commonly PVAc that is finely dispersed in water. When this water evaporates or is absorbed into the substrate, the adhesive will be left behind, binding the two surfaces together. The second dominating sub-segment is Solvent-based footwear adhesives.

By Application, Sports Shoes, Dress Shoes, Sandals, Others. Sports shoe is dominating sub-type segment in the application segment of footwear adhesives. The global Sports footwear market size was valued at USD 102.79 billion in 2019 and is estimated to reach USD 77.43 with a CAGR of 4.3% in the forecast period. Increasing Sports activity participation in urban regions and health awareness due to growing chronic disease is boosting the supply and demand of the sports shoe market. Moreover, rising fitness activity is motivating the sports shoe market. Additionally, the demand for lightweight shoes and better performance is further influencing the market, and also customization in footwear with consumer's preferences is fuelling the market.


Footwear Adhesives Market Regional Insights:
The Asia Pacific is dominating the footwear adhesive market and showing remarkable growth in the regional market. The dominating counties of Asia Pacific are China, Asia, Japan, and this region are expected to show strong growth in the adhesives market. Moreover, the region is developing and improving in living standards, and the rising disposable income of an individual is further boosting the market growth of the footwear adhesives market. The adhesive market in the Asia Pacific was valued at USD 21.8 billion in 2020 and is estimated to reach USD 38.4 billion with a CAGR of 5.8 in the forecast period.

The objective of the report is to present a comprehensive analysis of the global Footwear Adhesives Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Footwear Adhesives Market dynamics, structure by analyzing the market segments and project the global Footwear Adhesives Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Footwear Adhesives Market make the report investor’s guide.
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Footwear Adhesives Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 454.52 Mn.


Forecast Period 2023 to 2029 CAGR:
6.38%
Market Size in 2029:
US $ 700.7 Mn.


 Segments Covered:
by Type
• Hot melt adhesives
• Solvent-based adhesives
• Water borne adhesives
• Natural rubber adhesives


by Component
• Natural Rubber Latex
• Rubber Cement Dissolution
• Polychloroprene


by Resin
• Neoprene
• Styrene Butadiene Copolymer
• Acrylic Copolymer
• Other


by Application
• Sports Shoes
• Dress Shoes
• Sandals
• Others



Footwear Adhesives Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Footwear Adhesives Market, Key Players are:
• H.B. Fuller
• Jubilant Industries Ltd.
• Henkel (China) Investment Co. Ltd.
• Chadha Corporation Pvt. Ltd.
• Eastman Chemical Company
• Chemical Technology Pty Ltd.
• Great Eastern Resins Industrial Co. Ltd.
• Bostik Ltd.
• Artecola Química
• KECK Chimie

Frequently Asked Questions:

1. Which region has the largest share in Global Footwear Adhesives Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Footwear Adhesives Market?
Ans: The Global Footwear Adhesives Market is growing at a CAGR of 6.38% during forecasting period 2023-2029.

3. What is scope of the Global Footwear Adhesives Market report?
Ans: Global Footwear Adhesives Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Footwear Adhesives Market?
Ans: The important key players in the Global Footwear Adhesives Market are – H.B. Fuller, Jubilant Industries Ltd., Henkel (China) Investment Co. Ltd., Chadha Corporation Pvt. Ltd., Eastman Chemical Company, Chemical Technology Pty Ltd., Great Eastern Resins Industrial Co. Ltd., Bostik Ltd., Artecola Química, KECK Chimie.

5. What is the study period of this Market?
Ans: The Global Footwear Adhesives Market is studied from 2023 to 2029.