Footwear adhesives are of significant importance in the manufacturing of footwear. Their primary use is in the principle area of sole attachment. Footwear adhesives present a more conventional solution for sticking soles and other parts of footwear over traditional methods, such as stitching and pinning. The up-heave in demand for high fashioned footwear is anticipated to have a major influence on the overall footwear adhesives market throughout the forecast period. Footwear adhesives are sticky in nature, exhibit high-quality bedding properties, and are considered to be rock-solid sealants. Properties, such as moisture curing, thermal coefficient of expansion and resistance to multiple elongations under various loads have created remarkable opportunities for the footwear adhesives market across the globe.
Footwear adhesives can be customized as per the industrial requirement. The increasing demand for footwear adhesives as sealants has led to significant growth opportunities in a number of countries. Relatively durable and high-performing material footwear adhesives offer strength to footwear, with efficient workability.
Special care is taken in footwear industries to modify practices in the manufacturing of footwear adhesives to avoid its hazardous effects on manpower. On this note, manufacturers are expected to incline towards the usage of water-based footwear adhesives over solvent-based ones over the forecast period.
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Footwear Adhesives Market: Region-Wise Outlook
Geographically, the Asia Pacific region holds a remarkable share in the production of footwear. Emerging countries, such as India, China, and Japan are expected to witness sturdy growth in the footwear adhesives market. Whereas, developed countries, such as those in North America and Europe are expected to exhibit moderate growth in the market. Countries in Latin and Central America, such as Brazil and Mexico are expected to hold a fair share of the market in the coming future. A major shift of footwear manufacturers from Vietnam to Bangladesh and China for economic production has switched the focus of footwear adhesive industries towards these regions.
Footwear Adhesives Market: Market Participants
Examples of some of the market participants in the footwear adhesives market, identified across the value chain 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
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Footwear Adhesives Market: Segmentation
The footwear adhesive market can be segmented on the basis of product type:
- Solvent based footwear adhesives
- Water based footwear adhesives
- Radiation cured (UV/EB) footwear adhesives
- Hot melts footwear adhesives
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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