Striding with Adhesion: Footwear Adhesives Market Insights 2023-2029

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Striding with Adhesion: Footwear Adhesives Market Insights 2023-2029

Aishwarya Bhasme

08 Jan 2024 • 339 Views

Footwear Adhesives Market is expected to reach US$ 700.7 Mn. by 2029, at a CAGR of 6.38% during the forecast period.

Footwear Adhesives Market Overview:

The Footwear Adhesives market is a dynamic and ever-evolving industry that plays a crucial role in enhancing personal style and self-expression. From classic pieces to trendy and innovative designs, the market offers a diverse array of accessories that cater to the varied tastes and preferences of consumers. In recent years, sustainability and ethical practices have become significant considerations, leading to a rise in demand for eco-friendly and responsibly sourced accessories. This shift in consumer consciousness has prompted many brands to adopt more sustainable production methods and materials. Additionally, the advent of digital platforms and social media has further accelerated trends, allowing consumers to easily discover and adopt new styles. As a result, the Footwear Adhesives market continues to be influenced by a combination of tradition, innovation, and a growing emphasis on ethical and sustainable practices, reflecting the evolving landscape of the global fashion industry.

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Footwear Adhesives Market Scope:

The scope of the Footwear Adhesives market is expansive, encompassing a wide range of products that add the finishing touch to an individual’s outfit. These accessories include but are not limited to jewelry, handbags, scarves, hats, and eyewear. With an ever-growing emphasis on personal style, consumers use Footwear Adhesives as a means of expressing their individuality and staying on-trend. The market’s scope also extends to different demographics, from high-end luxury accessories catering to a niche audience to affordable and stylish options that appeal to a broader consumer base. Furthermore, the rise of e-commerce has significantly expanded the market’s reach, allowing consumers to access a diverse array of Footwear Adhesives from the comfort of their homes. As the fashion industry evolves, the scope of the accessories market continues to adapt, reflecting changing consumer preferences, technological advancements, and societal trends.

Footwear Adhesives Market Segmentation:

The segment is further classified by type, including hot melt footwear adhesives, radiation cured (UV/EB) footwear adhesives, solvent-based footwear adhesives, and water-based footwear adhesives. In the type segment of the footwear adhesives market, water-based adhesives are leading the way. Water, polymers, and additives are combined to create water-based adhesives. Both porous and non-porous substrates are perfect for them. These adhesives can be mixed into a solution, and when the water evaporates or is absorbed by the substrate, the adhesive becomes active. Water-based contain an organic binder that is finely dispersed in water, usually PVAc. The adhesive that holds the two surfaces together will be left behind when the water evaporates or is absorbed by the substrate. Shoes with adhesives based on solvents make up the second largest subsegment.

Sandals, dress shoes, athletic shoes, and other items by application. The application of footwear adhesives is dominated by the sub-type segment of sports shoes. With a projected growth rate of 4.3%, the size of the global sports footwear market, which was estimated to be worth USD 102.79 billion in 2019, is expected to reach USD 77.43. The market for sports shoes is experiencing growth in both supply and demand due to rising health awareness as a result of chronic disease. Further driving the sports shoe market is an increase in physical activity. Additionally, the market is being driven by consumer preferences for footwear customization as well as the need for lighter shoes with improved performance.

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Footwear Adhesives Market Key Players: The key players are

• 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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Footwear Adhesives Market Regional Analysis:

The Footwear Adhesives market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Footwear Adhesives market share and will continue to be a major shareholder in the global Footwear Adhesives market.

COVID-19 Impact Analysis on Footwear Adhesives Market: The COVID-19 impact on the Footwear Adhesives market is also included in the report

Key Questions Answered in the Footwear Adhesives Market Report are:

What will be the CAGR of the Footwear Adhesives market during the forecast period?
Which segment emerged as the leading segment in the Footwear Adhesives market?
Which are the prominent players in the Footwear Adhesives market?

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