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The footwear adhesives market size is forecast to increase by USD 501.2 million at a CAGR of 3.9% between 2023 and 2028.
The footwear adhesives industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The water-based segment is estimated to witness significant growth during the forecast period.
Footwear assembly processes have seen significant advancements with the adoption of water-based adhesives in various applications such as leather, synthetic, orthopedic, and athletic shoes. These adhesives are used for upper construction, bonding, toe cap and counter attachment, sole preparation, and sole assembly. Traditional solvent-based adhesives have been supplemented with water-based alternatives, which offer benefits like aging resistance, water resistance, and improved bonding strength. The formulation of water-based adhesives involves a combination of additives, polymers, and water. They can bond with both porous and non-porous substrates, activating when the water in the adhesive evaporates or is absorbed. companies are also focusing on developing eco-friendly adhesives, bio-based adhesives, and adhesives with enhanced performance characteristics like tensile strength, peel strength, shear strength, temperature resistance, and chemical resistance.
Automated dispensing systems, roll coating, and spray application methods are used for efficient adhesive distribution. The footwear industry is witnessing trends like cost optimization, supply chain management, and quality control. New adhesive technologies are being developed to cater to the evolving demands of the market. Adhesive formulations are being innovated to enhance shoe performance, such as improving the bonding time, pressure-sensitive properties, and open time. Adhesive additives are also being explored to improve adhesion performance and shoe repair. The use of sustainable materials and adhesives is gaining importance in the production of casual footwear and formal footwear. Footwear manufacturers are focusing on research and development to create high-performance shoes using advanced adhesive technologies.
The Water-based segment was valued at USD 1170.50 million in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 57% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In developing nations like India and China, the rise in disposable income among consumers has significantly impacted the footwear market. According to the Ministry of Statistics and Programme Implementation of India, per capita income increased from around USD950 in FY2015 to USD1,250 in FY2019. This income growth has enhanced the living standards of consumers, leading to increased demand for high-quality footwear from both local and international brands. The rapid urbanization in these countries has also given rise to prominent fast-fashion and athletic footwear brands. Efficiency improvements in footwear assembly have been a key trend in the industry.
Polyurethane adhesives and low voc adhesives have gained popularity due to their superior bonding strength and reduced environmental impact. Aging resistance and water resistance are essential requirements for footwear, leading to the widespread use of these adhesives. Adhesive distribution systems, such as automated dispensing systems and resin systems, have streamlined the footwear manufacturing process. Sustainable footwear, including bio-based adhesives and eco-friendly adhesives, have gained traction due to increasing consumer awareness and regulations. Footwear manufacturers have focused on performance enhancements, including tensile strength, shear strength, and peel strength, to cater to various footwear categories like casual footwear, sports footwear, and industrial footwear.
Adhesive formulations, such as water-based adhesives and solvent-based adhesives, have been developed to cater to specific applications. Product innovation and adhesive additives have played a crucial role in enhancing adhesive performance. Shoe repair and bonding time have also been areas of focus for manufacturers to improve customer satisfaction. Pressure-sensitive adhesives and spray application have gained popularity due to their ease of use and cost optimization. New adhesive technologies, such as contact adhesives, Hot melt adhesives, and adhesive curing methods, have been introduced to address the evolving needs of the footwear industry. Temperature resistance, chemical resistance, and adhesion testing are essential considerations in the selection of adhesives for various footwear applications.
In conclusion, the footwear industry is witnessing significant growth in developing nations, driven by increasing disposable income and urbanization. Efficiency improvements, sustainability, and performance enhancements are key trends shaping the market. Adhesive manufacturers are focusing on developing innovative adhesive solutions to cater to the diverse requirements of the footwear industry.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The footwear adhesives market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the footwear adhesives market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, footwear adhesives market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Artecola QuaÂmica SA - The company specializes in providing a range of footwear adhesives, including ARTEPRYMER, ARTEMELT, ARTELINE, ARTEFILM, ARTECOL, and RÃGIA. These innovative adhesive solutions cater to various footwear manufacturing requirements, ensuring optimal bonding and durability. The ARTEPRYMER series offers high initial bond strength, ARTEMELT delivers excellent elasticity, ARTELINE provides superior wet tack, ARTEFILM ensures quick curing, ARTECOL offers high temperature resistance, and RÃGIA provides excellent resistance to moisture. By utilizing these advanced adhesive technologies, footwear manufacturers can enhance product quality, increase efficiency, and reduce production costs.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market plays a pivotal role in the footwear manufacturing process, ensuring the durability and performance of various footwear components. Adhesive performance testing is crucial in assessing footwear quality, focusing on factors such as upper bonding, footwear safety, and footwear construction. Footwear trends continue to evolve, with an increasing emphasis on Wearable Technology, data analytics, and personalized footwear. Heel and outsole bonding are critical in maintaining footwear durability, while midsole bonding ensures footwear comfort and shock absorption. Footwear design incorporates renewable resources and sustainable footwear materials, aligning with the circular economy and biodegradable adhesives. Smart footwear integration, including sensor technology, is transforming the industry, offering enhanced footwear functionality and customization.
Adhesion failure analysis is essential in addressing adhesive issues and improving footwear performance. Footwear repair services are gaining popularity, providing cost-effective solutions for extending footwear life and reducing waste. In the realm of footwear technology, footwear safety, footwear comfort, and footwear aesthetics remain top priorities. The industry continues to innovate, integrating advanced materials and manufacturing processes to meet evolving consumer demands.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Footwear Adhesives Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
138 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.9% |
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Market growth 2024-2028 |
USD 501.2 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.7 |
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Key countries |
China, Germany, US, France, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this footwear adhesives market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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