Footwear adhesives are crucial elements in the shoe manufacturing industry, ensuring durable and reliable bonds between various shoe components. These adhesives are specially formulated compounds designed to adhere diverse materials like rubber, leather, fabric, and synthetics. They offer high bonding strength, flexibility, and resistance to environmental factors like moisture, heat, and abrasion. Manufacturers employ solvent-based, water-based, or hot-melt adhesives, each with distinct advantages for specific shoe types or manufacturing processes.
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 (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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