Footwear Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Global Footwear Adhesives Market: Synopsis
While manufacturing footwear, specific footwear adhesives need to be used in order to stick and bond different footwear components together in a cohesive manner. A considerable rise in high fashioned footwear has caused a substantial increase in the demand for footwear adhesives, thus positively affecting its market. The report published by Transparency Market Research extensively covers various details of this market, along with factors such as prominent drivers and trends, regional market growth, leading market segments, competitive outlook, and several others aspects.
Based on the report, the footwear adhesives market could be segmented on the basis of product type and region. By considering the product type, the market is divided into four segments viz. hot melt adhesives, water borne adhesives, natural rubber adhesives, and solvent-based adhesives. Amongst these segments, the demand for hot melt adhesives is significantly higher in the market as they provide a lot of strength as well as sturdiness to the finished product.
Global Footwear Adhesives Market: Prominent Drivers and Restraints
Recent developments possible due to a lot of experimentation carried out by market players is one of the most significant drivers of the global footwear adhesives market. One of these developments involves the use of water-based footwear adhesives while manufacturing the products. The increasing demand for international brands amongst the masses is also a noteworthy factor that is positively affecting the global footwear adhesives market. This is mainly due to the good quality and standard adhesives used in popular and internationally acclaimed brands, which make the products last longer and provide high strength. A rise in sports activities has also triggered a positively inclining graph of the global footwear adhesives market. All these factors are described in the recently added report by TMR.
The report also describes some of the major restraints associated with the global adhesives market. One of the most significant obstacles to the market’s growth is the high cost of raw materials that are needed while operating the manufacturing processes of adhesives. The second hindrance deals with diseases like the shoemaker’s paralysis that may occur if a person gets exposed to harmful gases that may be released from footwear adhesives manufacturing. Such obstacles may significantly hamper global footwear adhesives market growth. However, many efforts are being taken to reduce the costs by introducing other substitute chemicals in the manufacturing processes, which may also reduce the chance of causing health risks.
Global Footwear Adhesives Market: Regional Outlook
Based on a regional perspective, the global footwear adhesives market is spread across Latin America, the Middle East and Africa, Europe, North America, and Asia-Pacific. Of all these geographical extents, the Asia-Pacific region held a major share in the market. The main reason for this involves several factors such as improvement in standard of living, rise of disposable income and an overall increase in awareness of buying good quality footwear. Emerging countries such as China, Japan, and India are anticipated to experience a strong market growth. Compared to the Asia-Pacific region, the countries based in North America and Europe are expected to show a moderate footwear adhesives market growth. Other countries such as Mexico and Brazil are anticipated to exhibit a significant market share in the future.
Global Footwear Adhesives Market: Competitive Landscape
With respect to product innovation, availability of new materials, and an increase in the number of investments put by businesses, the global footwear adhesives market is expected to experience a rapid surge in the next few years. Many of the competitors in this market have been well-established since many years, which is a big bonus for industry mainly due to the experience they bring in for further development. Some of the key players in the global footwear adhesives market are: Eastman Chemical Company, H.B. Fuller, Jubilant Industries Ltd., Bostik Ltd. KECK Chimie, and Great Eastern Resins Industrial Co. Ltd., amongst many others.
Key segments of the footwear adhesives market are:
By Product Type
- Hot melt adhesives
- Solvent-based adhesives
- Water borne adhesives
- Natural rubber adhesives
- Latin America
- Middle East and Africa
- North America
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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