| Product Code: ETC7551506 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s polyurethane (PU) sole import market in 2024 continued to be dominated by top exporting countries such as China, Vietnam, Italy, Thailand, and Nepal. Despite a slightly negative compound annual growth rate (CAGR) from 2020 to 2024, the industry witnessed a significant growth spurt in 2024 with a notable growth rate of 40.46% from the previous year. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high in 2024, indicating a competitive landscape with a few key players holding a substantial market share.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Polyurethane (PU) Sole Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polyurethane (PU) Sole Market Revenues & Volume, 2021 & 2031F |
3.3 India Polyurethane (PU) Sole Market - Industry Life Cycle |
3.4 India Polyurethane (PU) Sole Market - Porter's Five Forces |
3.5 India Polyurethane (PU) Sole Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 India Polyurethane (PU) Sole Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Polyurethane (PU) Sole Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for comfortable and durable footwear in India |
4.2.2 Increasing awareness about the benefits of polyurethane (PU) soles in footwear |
4.2.3 Rise in disposable income levels leading to higher spending on quality footwear |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from other types of sole materials in the market |
4.3.3 Challenges in maintaining consistent quality standards across manufacturers |
5 India Polyurethane (PU) Sole Market Trends |
6 India Polyurethane (PU) Sole Market, By Types |
6.1 India Polyurethane (PU) Sole Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 India Polyurethane (PU) Sole Market Revenues & Volume, By Raw Material, 2021- 2031F |
6.1.3 India Polyurethane (PU) Sole Market Revenues & Volume, By Methylene Diisocyanate, 2021- 2031F |
6.1.4 India Polyurethane (PU) Sole Market Revenues & Volume, By Toluene Diisocyanate, 2021- 2031F |
6.1.5 India Polyurethane (PU) Sole Market Revenues & Volume, By Polyols, 2021- 2031F |
6.2 India Polyurethane (PU) Sole Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Polyurethane (PU) Sole Market Revenues & Volume, By Casuals, 2021- 2031F |
6.2.3 India Polyurethane (PU) Sole Market Revenues & Volume, By Boots, 2021- 2031F |
6.2.4 India Polyurethane (PU) Sole Market Revenues & Volume, By Slipper and Sandals, 2021- 2031F |
6.2.5 India Polyurethane (PU) Sole Market Revenues & Volume, By Sports, 2021- 2031F |
6.2.6 India Polyurethane (PU) Sole Market Revenues & Volume, By Formals, 2021- 2031F |
6.2.7 India Polyurethane (PU) Sole Market Revenues & Volume, By Leisure, 2021- 2031F |
7 India Polyurethane (PU) Sole Market Import-Export Trade Statistics |
7.1 India Polyurethane (PU) Sole Market Export to Major Countries |
7.2 India Polyurethane (PU) Sole Market Imports from Major Countries |
8 India Polyurethane (PU) Sole Market Key Performance Indicators |
8.1 Average selling price of footwear with PU soles |
8.2 Adoption rate of PU soles by major footwear brands in India |
8.3 Percentage of repeat purchases of footwear with PU soles |
9 India Polyurethane (PU) Sole Market - Opportunity Assessment |
9.1 India Polyurethane (PU) Sole Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 India Polyurethane (PU) Sole Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Polyurethane (PU) Sole Market - Competitive Landscape |
10.1 India Polyurethane (PU) Sole Market Revenue Share, By Companies, 2024 |
10.2 India Polyurethane (PU) Sole Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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