Footwear Adhesives Market by Type and Geography - Forecast and Analysis 2022-2026

The footwear adhesives market share is expected to increase by USD 557.97 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.27%.

The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (water-based, solvent-based, radiation cured, and hot melts) and geography (APAC, Europe, North America, South America, and MEA).

The footwear adhesives market report also offers information on several market vendors, including Artecola Química SA, Bostik Ltd., Chemical Technology Pty Ltd., Eastman Chemical Co., Great Eastern Resins Industrial Co. Ltd., H.B. Fuller Co., Henkel AG and Co. KGaA, Jubilant Industries Ltd., KECK Chimie, and Taiwan PU Corp. among others.

Artecola Química SA - The company offers footwear adhesives namely ARTEPRYMER, ARTEMELT, ARTELINE AND ARTEFILM, ARTECOL and REGIA. Under the unified segment, the company develops solutions in adhesives like hot melt, sprays, and special laminates like moldable term sheets, breastplates, and insoles among others.

What will the Footwear Adhesives Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global footwear adhesives market as a part of the global chemicals market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the footwear adhesives market during the forecast period.

Footwear Adhesives Market: Key Drivers, Trends, and Challenges

Our researchers analyzed the data with 2022 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.

Key Footwear Adhesives Market Driver

• One of the key factors driving growth in the footwear adhesives market is the increasing demand for international brands.
• There has been an increasing demand for international footwear brands such as fast-fashion footwear brands and athletic footwear brands.
• The increased demand is attributed to the high quality and standard footwear adhesives used by prominent and internationally acclaimed brands. As a result, the footwear offered by these brands is durable, lasts longer, and provides great strength. Furthermore, due to the increased disposable income of consumers in developing countries such as India and China, the demand for international brands is increasing in these countries.
• The increasing demand for footwear offered by international brands will increase the demand for footwear adhesives, which, in turn, will positively impact the growth of the global footwear adhesives market during the forecast period. 

Key Footwear Adhesives Market Challenge

• The high cost of raw materials will be a major challenge for the footwear adhesives market during the forecast period.
• A wide range of chemicals is used to produce water-based and hot-melt footwear adhesives. Vendors face challenges in procuring these chemical compounds due to the high cost of these chemicals. The availability of footwear adhesive raw materials was negatively impacted in Q1 2020 as a result of COVID-19-induced lockdowns, which led to the shutdown of chemical plants in various countries across the world. 
• In H2 2020, the recovery of economic activities across the world positively impacted the demand for various products, including chemicals. The supply-chain activities resumed, which affected the price of raw materials of several products, including chemicals used for adhesives. The increase in the prices of raw materials of footwear adhesives can pose a challenge to the market. Therefore, the high cost of raw materials will negatively impact the growth of the global footwear adhesives market during the forecast period.

This footwear adhesives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Footwear Adhesives Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the footwear adhesives market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Footwear Adhesives Market?

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54% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for footwear adhesives in APAC. Market growth in this region will be faster than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What is the Fastest-Growing Type Segment in the Footwear Adhesives Market?

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The footwear adhesives market share growth by the water-based segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the footwear adhesives market size and actionable market insights on the post-COVID-19 impact on each segment.

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What are the Key Data Covered in this Footwear Adhesives Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive footwear adhesives market growth during the next five years
• Precise estimation of the footwear adhesives market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the footwear adhesives market industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive analysis of factors that will challenge the growth of footwear adhesives market vendors

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