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

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



The footwear sole material market consists of various materials that provide cushioning, protection and durability to shoe soles. Materials such as ethylene-vinyl acetate, polyurethane and rubber are widely used in manufacturing shoe soles for sports, casual and formal footwear. These materials offer excellent shock absorption properties, flexibility and comfort.


The global Footwear Sole Material Market is estimated to be valued at US$ 22.89 million in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends


The evolving footwear designs have been a key trend bolstering the growth of footwear sole material market. Manufacturers are developing innovative sole materials that can be molded into unique shapes and designs as per the latest fashion trends. Lightweight and customizable sole materials allow producing soles with fashionable patterns and textures. They are being increasingly used in manufacturing running shoes, casual sneakers and fashionable boots. The availability of lightweight yet durable sole materials has been instrumental in enhancing shoe designs and comfort. This evolving trend is expected to drive continued demand over the forecast period.


Segment Analysis


The global footwear sole material market is dominated by the rubber sub-segment. Rubber is the most commonly used material for footwear sole due to its durability, impact and slip resistance properties. It protects the feet from cuts, bruises, and injuries. Being a tough and resilient material, rubber soles last longer than other materials. This makes rubber an affordable choice for footwear sole material.


Key Takeaways


The global Footwear Sole Material Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of 7.7% during this period and reach a size of US$ 22.89 Mn by 2023.


Regional analysis: Asia Pacific region holds the major share in the global footwear sole material market currently. Countries like China, India, and Indonesia have a huge footwear manufacturing industry. The growing population and rising disposable incomes in developing countries of the region are driving the demand for footwear. North America and Europe are other significant markets for footwear sole materials.


Key players: Key players operating in the footwear sole material market are ClaroNav, Stryker, Brainlab AG, Parsis, Northern Digital Inc., Heal Force, Medtronic, and Synaptive Medical, Bramsys Indústria e Comércio Ltd. ClaroNav and Stryker are leaders in the medical software segment and have wide offerings for navigation systems. Brainlab AG and Medtronic specialize in neurosurgical navigation solutions.


Get More Insights On This Topic: https://www.ukwebwire.com/rubber-outsoles-are-driving-the-footwear-sole-material-market-analysis/


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