Data Bridge Market Research analyses that the Global Footwear Sole Material Market which was USD 24.13 billion in 2022, is expected to reach USD 38.17 billion by 2030, growing at a CAGR of 5.90% during the forecast period of 2023 to 2030.
Industry Analysis
The essential factors contributing to the growth of the global footwear sole material market in the forecast period of 2023 to 2030 include the rise in demand for fashionable, comfortable, and convenient footwear. Also, the increasing prevalence of knee and ankle problems and increase in demand for sustainable materials is significantly contributing to the market’s growth. Consumers are increasingly eco-conscious, leading to a rising preference for eco-friendly and sustainable footwear.
In 2023, the polyurethane segment will dominate the market due to increasing prevalence of knee and ankle problems and rise in demand for fashionable, comfortable, and convenient footwear. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Shoe soles are made from a variety of materials, including natural rubber, leather, polyurethane, and PVC compounds. The shoe sole materials consist of natural and synthetic materials, including leather and polymers, among others, having application in the manufacture of footwear soles. Numerous materials are employed for the manufacture of footwear soles depending on the type of footwear, its application, and the environment in which it is utilized. Some of the major materials include rubber, daintier and thermoplastic polyurethane. These materials are flexible, strong, and offer ultimate comfort to the wearer's feet.
Global Footwear Sole Material Market Scope
The global footwear sole material market is segmented on the basis of product, soling material, sole component, sole type, distribution channel and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Non-Athletic
- Athletic
Soling Material
- Polyurethane
- Rubber
- EVA
- PVC
- PEBA
- Leather
- Bio-Materials
Sole Component
- Outsole
- Innersole
- Midsole
Sole Type
- New Soles
- Repair Soles
Distribution Channel
- Direct sale/B2B
- E-Commerce
- Specialty Stores
- Others
End-User
- Women
- Men
- Kids
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Global Footwear Sole Material Market Regional Analysis/Insights
Global footwear sole material market is analysed and market size insights and trends are provided by product, soling material, sole component, sole type, distribution channel and end-user as referenced above.
The countries covered in the global footwear sole material market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Asia-Pacific is expected to dominate the footwear sole material market due to increase in footwear production globally. It is dominating the market due to rise in demand for fashionable, comfortable, and convenient footwear.
Europe is expected to grow during the forecast period of 2023 to 2030 due to rising knee and ankle problems among ageing population. In addition, increase in footwear production globally is also contributing to the market growth in the region
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Footwear Sole Material Market Share Analysis
The footwear sole material market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global footwear sole material market.
Some of the major players operating in the global footwear sole material market are:
- INOAC CORPORATION (Japan)
- Unisol India (India)
- INGOM SRL (Italy)
- Vibram Corporation (Italy)
- Allbirds, Inc. (U.S.)
- Solvay (Belgium)
- Soles by MICHELIN (France)
- Arkema (France)
- Covestro AG (Germany)
- Evonik Industries AG (Germany)
- BASF SE (Germany)
- Dow (U.S.)
- Huntsman International LLC (U.S.)
- Asahi Kasei Corporation (Japan)
- Continental AG (Germany)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Global Footwear Sole Material Market by Product & Procedure type
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