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Global Footwear Adhesives Market By Product Type (Solvent based footwear adhesives, Water based, footwear adhesives, Radiation cured (UV/EB) footwear adhesives, Hot melts footwear adhesives); By Components (Natural Rubber Latex, Rubber Cement Dissolution, Polycloroprene), By Geography Growth Drivers, and Key Players - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Footwear Adhesives Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Footwear Adhesives Overview

Footwear adhesive plays a crucial role in the assembling of footwear. Their essential advantage is in the standard zone of sole connection. Footwear glues present a more customary answer for staying bottoms and different parts of footwear over conventional strategies, for example, sewing and sticking. The up-hurl is popular for high designed footwear and is foreseen to affect the general footwear adhesives which showcase all through the estimate time frame. Footwear glues are sticky in nature, show amazing sheet material properties, and are viewed as shake strong sealants. Properties such as dampness relieving, warm coefficient of extension and protection from numerous prolongations under different burdens have made astounding open doors for the footwear glues showcase over the globe. Footwear glues can be redone according to the mechanical prerequisite. The expanding interest for footwear cements as sealants has prompted critical development openings in various nations. Moderately sturdy and high-performing material footwear adhesives are offering solidarity to footwear, with proficient usefulness.

Adhesives may be classified on the basis of mode of application and setting, chemical composition, sustainability for various adherents and end products, way of reaction, origine, etc.

Market Size and Forecast

The global footwear adhesives market is expected to showcase a significant CAGR of 6.8% during the forecasted period 2018-2027. Additionally, the global footwear adhesives market is thriving on the back of rising demand of branded footwear coupled with hot melt adhesive usage is anticipated to bolster the demand for footwear adhesive market. In terms of regional platform, demand for footwear adhesives in the Asia pacific region is anticipated to propel the growth of overall global Footwear Adhesives market over the forecast period and expected to showcase highest CAGR over the estimated period. Rising nations, for example, India and China are expected to observe durable development in the footwear adhesives market. Though, developed nations, for example, those in North America and Europe are relied upon to display moderate development in the market. Nations in South and Central America, for example, Brazil and Mexico are anticipated to showcase a bolster growth in the near future. Demand for footwear adhesives in North America and Europe is projected to witness average growth in the near future. Demands for footwear adhesives in these regions are not likely to be higher than that in Asia Pacific. It has been observed that there is an increase in the demand for footwear adhesives especially from the Asia Pacific region. Industries are considered to be in the maturing phase in these regions. Latin America and Middle East & Africa held a relatively lower share of the footwear adhesives market in 2017.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis segmented the global footwear adhesives market in the following segments:

By Product Type:

  • Solvent based footwear adhesives
  • Water based footwear adhesives
  • Radiation cured (UV/EB) footwear adhesives
  • Hot melts footwear adhesives

By Components

  • Natural Rubber Latex
  • Rubber Cement Dissolution
  • Polycloroprenez

By Region

Global footwear adhesives market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

Footwear Adhesives Market

Growth Drivers and Challenges

Ongoing improvements conceivable because of a considerable measure of experimentation done by market players are a standout amongst the most noteworthy drivers of the global footwear adhesives market. One of these advancements includes the utilization of water-based footwear glues while fabricating the items. The expanding interest for universal brands among the majority is additionally an imperative factor that is decidedly influencing the worldwide footwear cements showcase. This is principally because of the great quality and standard glues utilized in well-known and globally acclaimed brands, which make the items last more and give high quality. Increasing number of people getting involved in sports and exercise activities have additionally set off a decidedly slanting diagram of the global footwear adhesives market. Such factors have exerted pressure on manufacturers to increase their R&D activities to innovate bio-based products. Additionally, the added advantage of bio-based products to reduce carbon footprint, makes it a more attractive product over the synthetic counterparts.

Rapid urbanization along with positive GDP figures of developed and developing nations such as U.S., China and others are projected to flourish the growth of Footwear Adhesives market in various unisex footwear products. In addition to this, favorable government initiatives and regulations regarding the benefits of individual safety while using solvent based footwear adhesives and water based footwear adhesives is anticipated to fuel the growth of footwear adhesives market. One pattern in the market is expanding reception of sustainable products. Rising accentuation on lessening VOC outflows and maintainability has driven polyurethane glue makers to grow new and biodegradable products that contribute towards lowering the carbon footprint. As of now, the more up to date items must not exclusively be of prevalent quality yet in addition be practical and minimal effort.

In contrast, one of the most significant factors restricting the demand for these products is the high cost of raw materials that are required for the production and development of these adhesives. Secondly, availability of substitute product is expected to hinder the growth of footwear adhesives market over the forecast period.

Key players

  • Henkel (China) Investment Co. Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
  • H.B. Fuller
  • Eastman Chemical Company
  • Chemical Technology Pty Ltd.
  • Great Eastern Resins Industrial Co. Ltd.
  • Bostik Ltd.
  • Artecola Química
  • Jubilant Industries Ltd.
  • Henkel (China) Investment Co. Ltd.
  • Chadha Corporation Pvt. Ltd.
  • KECK Chimie


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