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

ashwini bakhade

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

The footwear sole material market comprises materials used in the manufacturing of shoe soles to provide comfort, cushioning and traction. Materials such as EVA, polyurethane and rubber are widely utilized in the making of athletic, casual and formal footwear soles owing to properties like flexibility, abrasion resistance and support.

The global footwear sole material market is estimated to be valued at US$ 22.89 billion in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased demand for comfortable and lightweight footwear from health-conscious consumers has been a major trend driving the growth of the footwear sole material market. EVA and polyurethane materials are increasingly preferred by footwear manufacturers as sole materials owing to their cushioning and shock absorption properties which make shoes more comfortable yet lightweight. These footwear provide better support, are durable and suitable for outdoor activities like running and walking as well as casual daily use. The emergence of trendy and premium sportswear brands have also popularized the usage of cushioned mid-soles and premium footwear sole materials.

Segment Analysis

The global footwear sole material market can be segmented into rubber, plastic, and others. Among these, the rubber segment dominates the market and accounts for over 40% share. Rubber provides high strength, flexibility, abrasion resistance and traction properties ideal for use in shoes' soles. These properties make rubber footwear soles highly durable and help improving the performance, prolonging the life of the footwear.

Key Takeaways

The 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$ 22.89 billion in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030.

Regional analysis shows that Asia Pacific dominates the market currently due to presence of major footwear manufacturers. China, India and other Southeast Asian countries are driving the market growth in the region. The growth in the region is attributed to rising population, increasing footwear demands and presence of developing economies.

Key players operating in the footwear sole material market are F. Hoffmann-La Roche AG, Merck Group, Bristol Myers Squibb, GlaxoSmithKline, AstraZeneca, Novartis, Janssen Pharmaceuticals, among others. The global market is dominated by large players who are investing in R&D to develop advanced and innovative sole material solutions. Industry players are focusing on partnerships and collaborations with footwear brands to provide customized sole material solutions and strengthen market presence.

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

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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.

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

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

Smriti Somani 2022-01-12

The structured analysis offers a graphical representation and a diagrammatic breakdown of the Footwear Sole Material Market by region. 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. Top Players Analysed in the Report are:· INOAC CORPORATION· Unisol India· INGOM SRL· Vibram Corporation· Allbirds, Inc. Key Questions Answered with this Study· What makes Footwear Sole Material Market feasible for long-term investment?

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

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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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Footwear Sole Material Market research report now available with Market Study Report, LLC, is a compilation of pivotal insights pertaining to market size, competitive Analysis, geographical outlook, contender share, and consumption trends of this industry.

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