Footwear Sole Material Market Size, Share, Trends, Massive Growth & is Expected to Reach USD 36,041.66 million & Grow 5.9% CAGR Forecast by 2029

Smriti Somani

Footwear Sole Material Market Size, Share, Trends, Massive Growth & is Expected to Reach USD 36,041.66 million & Grow 5.9% CAGR Forecast by 2029

Footwear Sole Material Market report contains detailed information on factors influencing opportunities, demand, growth, challenges, drivers, and restraints. It provides detailed information about the structure of global and regional industries. The report also includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Footwear Sole Material Market by region.

The market is expected to grow at a CAGR of 5.9% in the forecast period of 2022 to 2029 and is expected to reach USD 36,041.66 million by 2029. Rising knee and ankle problems among ageing population and rise in demand for fashionable, comfortable, and convenient footwear acts as driver for the footwear sole material market growth.

Download Free Sample Report to explore growth opportunities in the Footwear Sole Material market@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-footwear-sole-material-market

Growing Strategic Activities by Major Market Players to Enhance the Awareness for Benefits of Footwear Sole Material, is Boosting the Market Growth of Footwear Sole Material Market.

The Footwear sole material market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence.

Footwear Sole Material Market Scope and Size-

· On the basis of product, the global footwear sole material market is segmented into non-athletic and athletic. In 2022, the non-athletic segment is expected to dominate the footwear sole material market as the demand for flip-flops is increasing for both men and women.

· On the basis of soling material, the global footwear sole material market is segmented into polyurethane, rubber, EVA, PVC, PEBA, leather, and bio-materials. . In 2022, rubber segment is expected to dominate the market as rubber provides protection against exposure to high temperatures.

· On the basis of sole component, the global footwear sole material market is segmented into outsole, innersole, and midsole. In 2022, the outsole component segment is expected to dominate the footwear sole material market due to its tough and durable nature.

· On the basis of sole type, the global footwear sole material market is segmented into new soles and repair soles. In 2022, new sole segment is expected to dominate the footwear sole material market as the new sole appears to be better in every form than the repair sole.

Top Players Analysed in the Report are:

· INOAC CORPORATION

· Unisol India

· INGOM SRL

· Vibram Corporation

· Allbirds, Inc.

· Solvay

· Soles by MICHELIN

· Arkema

· Covestro AG

· Evonik Industries AG

· BASF SE

· Dow

· Huntsman International LLC

· Asahi Kasei Corporation

· Continental AG

Footwear Sole Material Market Developments

· In December 2020, Huntsman Corporation announced its agreement to acquire Gabriel Performance Products, a North American specialty chemical manufacturer of specialty additives. This will help the company to strengthen the footprint of its specialty products business.

· In September 2021, Crocs partnered with Dow to incorporate a bio-based material into its shoes, which is a part of Crocs commitment to being a net-zero company by 2030. The new bio-based formulation that is of Croslite material is made by Dow from sustainably sourced waste and by-products. This helped the company to gain recognition among customers.

Key Questions Answered with this Study

· What makes Footwear Sole Material Market feasible for long-term investment?

· Know value chain areas where players can create value in this market?

· What geographic region would have better demand for products or services?

· How are the influencing factors driving the demand of Footwear Sole Material in the next few years?

· What is the impact of various factors in the Global Footwear Sole Material market growth?

· What strategies of big players help them acquire a share in a grown-up market?

· How Technology and Customer-Centric Innovation is bringing big Change in Footwear Sole Material Market?

· What are the drivers and restraints of the Footwear Sole Material market?

Smriti Somani

The Global Footwear Sole Material Market Growth Accelerated By Evolving Footwear Designs

Ashish Thapa 2023-12-22

The footwear sole material market consists of various materials that provide cushioning, protection and durability to shoe soles. The global Footwear Sole Material Market is estimated to be valued at US$ 22. Manufacturers are developing innovative sole materials that can be molded into unique shapes and designs as per the latest fashion trends. Segment AnalysisThe global footwear sole material market is dominated by the rubber sub-segment. Regional analysis: Asia Pacific region holds the major share in the global footwear sole material market currently.

The Global Footwear Sole Material Market Growth Accelerated By Increased Demand For Comfortable Footwear

ashwini bakhade 2024-01-10

The footwear sole material market comprises materials used in the manufacturing of shoe soles to provide comfort, cushioning and traction. The global footwear sole material market is estimated to be valued at US$ 22. Segment AnalysisThe global footwear sole material market can be segmented into rubber, plastic, and others. Key TakeawaysThe Global Footwear Sole Material Market Size is expected to witness high growth over the forecast period of 2023-2030. The global footwear sole material market is estimated to be valued at US$ 22. Key players operating in the footwear sole material market are F.

Footwear Sole Material Market Poised To Garner High Revenues By 2031 Owing To Increasing Physical Fitness Activities

Pratik 2024-02-28

The global footwear sole material market is witnessing significant growth owing to the growing demand for footwear across the world. The global Footwear Sole Material Market Trends is estimated to be valued at US$ 26. With increasing footwear consumption driven by changing fashion trends and physical fitness activities, demand for high-performance sole materials is surging. Key Takeaways Key players operating in footwear sole material market are F. Get More Insight On Footwear Sole Material Market

The Footwear Sole Material Market Is Estimated To Witness High Growth Owing To Trends Towards Lightweight And Durable Materials

Poonam 2023-12-13

The footwear sole material market is estimated to be valued at US$ 22. Porter’s Analysis Threat of new entrants: The footwear sole material market requires high capital investments and R&D for new material development. Bargaining power of buyers: Large footwear brands have significant bargaining power over sole material suppliers due to the consolidated nature of demand. Bargaining power of suppliers: A few large manufacturers dominate the supply of key sole materials such as rubber and polyurethane. Regional analysis for the Asia Pacific footwear sole material market comprises more than one third of global demand led by China, India and other Southeast Asian countries.

Footwear Sole Material Market by Manufacturers, Countries, Type and Application, Forecast, Market Development and Trends Forecasts Report 2023-2030

Rohan Deep 2023-03-17

The most common footwear sole material used to manufacture sole is a polyurethane (PU), as it offers excellent durability and flexibility. The rapid growth of the footwear industry and the increasing urbanization and industrialization, especially in emerging economies, are driving the growth of the footwear sole material market. ), due to the increase in the health-conscious population is also expected to boost the market growth. Furthermore, the need for branded, trendy, and comfortable footwear among all age groups is also expected to propel the market growth of the footwear sole material. In terms of geography, the footwear sole material market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa.

The increasing demand of athletic shoes is anticipated to openup the new avanue for Footwear Sole Material Market

Gauri Cmi 2023-11-08

The Footwear Sole Material Market is estimated to be valued at US$ 22. Segment Analysis The Footwear Sole Material Market Growth is dominated by the rubber material segment, which accounts for over 35% share of the global market. PEST Analysis Political: Footwear sole material manufacturers have to adhere to various environmental regulations regarding material selection and production processes across countries. Economic: The global economic slowdown during the COVID-19 pandemic negatively impacted the demand for footwear and footwear sole materials in 2020. Regional analysis The Asia Pacific region accounts for over 40% share of the global footwear sole material market currently.

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