Footwear adhesives are specialized adhesive products designed for the assembly of shoes and other footwear items. They provide strong and durable bonds between various materials used in footwear production, such as leather, rubber, fabric, and synthetic materials. Footwear adhesives offer essential properties like flexibility, water resistance, and heat resistance, ensuring the longevity and quality of the finished footwear products.
As per the recent research conducted by a leading market insights provider FMI, the global Footwear Adhesives market size will expand at a healthy CAGR over the forecast period between 2022 and 2027. The aim of this study is to analyze key market dynamics affecting the sales of Footwear Adhesives and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Footwear Adhesives Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Footwear Adhesives market.
Key Footwear Adhesives Market Takeaways and Projections
- The US will lead the North America Footwear Adhesives market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Footwear Adhesives market. It also profiles a list of prominent companies including
- 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
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Key Segments Profiled in the Footwear Adhesives Industry Survey
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
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Footwear Adhesives market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Footwear Adhesives market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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