Research Nester assesses the growth and market size of the global footwear adhesives market which is anticipated to be on account of emerging economies.

Research Nester’s recent market research analysis on “Footwear Adhesives Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global footwear adhesives market in terms of market segmentation by product type, application, component and by region

Surge in E-commerce & Demand for Footwear in Emerging Markets to Promote Global Market Share of Footwear Adhesives

Footwear products are now reaching an international audience as a result of the rapid development of online shopping platforms. To meet market demands, this increase in footwear demand has made it necessary to consider the use of more effective and reliable adhesives. Around 21% of total global retail sales are expected to be e-commerce by 2023, with a value of USD 6 trillion.

Further, Footwear is in more demand in emerging economies with expanding middle-class populations. The expansion of the footwear industry in these areas drives up demand for adhesives. By 2023, it is anticipated that footwear sales in India as a whole will reach USD 17.5 per person.

Some of the major growth factors and challenges that are associated with the growth of the global footwear adhesives market are:

- Increase in the use of athletic footwear.
- Growing demand for sustainable footwear.
Challenges:

cost sensitivity, compatibility issues with automated processes, and brand loyalty are some of the major factors anticipated to hamper the global market size of footwear adhesives

Access our detailed report at: https://www.researchnester.com/reports/footwear-adhesives-market/992

The market for water-based footwear adhesives is expected to be the largest, by 2035, Due to the government-set environmental safety standards, these adhesives have a sizable market. They typically contain organic binders like PVAc, which is biodegradable. In addition, water-based footwear adhesives may provide a variety of advantages over solvent-based footwear adhesives, including cheaper costs and decreased product emissions.

By region, Asia Pacific is expected to dominate the market for footwear adhesives. The adhesives industry is expected to continue to grow significantly in the Asian nations of China, India, Korea, and this area. Additionally, regional living standards are rising, and a rise in individual disposable money is encouraging the market for footwear adhesive to grow. Asia Pacific's growing importance to the world economy. Asia and the Pacific will have a combined GDP of roughly USD 36 trillion by 2021, up from USD 10 trillion in 2000, and will already make up about 38% of world GDP.

Further, With the existence of major market titans there, North America is expanding vigorously and at a significant rate. Adidas footwear sales in 2022 exceeded USD 13 billion in only the United States. The region's footwear business is expanding thanks to more people having extra money to spend. Each individual should earn USD 198 by 2023, according to per capita income. In the North American footwear market, there is a rising demand for ethical and environmentally friendly footwear, especially among younger customers. The footwear adhesive market in the region is expanding favorably as a result of all these variables taken together.

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This report also provides the existing competitive scenario of some of the key players of the global footwear adhesives market which includes company profiling of Jubilant Industries Ltd, Chadha Corporation Pvt. Ltd, Eastman Chemical Company, Bostik Ltd., Artecola Química., KECK Chimie, 3M, Aica Kogyo Co.Ltd and others.

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