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. 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.
The global Footwear Sole Material Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Footwear Sole Material market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Top Companies in the Global Footwear Sole Material Market:
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), among others.
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Market Segmentation:
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
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Market Dynamics:
Drivers
• Rise in Demand for Fashionable, Comfortable, and Convenient Footwear
The rise in demand for fashionable, comfortable, and convenient footwear is a significant driver in the global footwear sole material market. Consumers increasingly seek footwear that not only looks stylish but also offers comfort and convenience. To meet these preferences, manufacturers require innovative and high-quality sole materials that provide comfort, durability, and style. This demand fuels research and development in the footwear sole material industry, presenting growth opportunities and driving innovation to meet evolving consumer trends.
• Increasing Knee and Ankle Problems among Ageing Population
The increasing prevalence of knee and ankle problems among the aging population is a key driver in the global footwear sole material market. As people age, they require specialized footwear with superior cushioning and support to alleviate discomfort and minimize health issues. This demographic shift spurs demand for advanced sole materials that offer enhanced shock absorption and stability, prompting manufacturers to develop innovative solutions to cater to the aging population's specific needs, thereby driving market growth.
Opportunities
• Increase in the Demand for Sustainable Materials
The increase in demand for sustainable materials presents a substantial opportunity in the global footwear sole material market. Consumers are increasingly eco-conscious, leading to a rising preference for eco-friendly and sustainable footwear. To capitalize on this trend, the industry can develop and offer innovative, sustainable sole materials made from recycled or renewable sources. Meeting these consumer preferences can drive market growth, as it aligns with the broader sustainability goals and environmental awareness.
• Rise in Demand for Eco-Friendly Footwear
The rise in demand for eco-friendly footwear represents a significant opportunity in the global footwear sole material market. Consumers are increasingly seeking footwear options that align with their environmental values. To capitalize on this trend, the industry can develop and offer sustainable, biodegradable, or recycled sole materials. Meeting this demand for eco-friendly options can drive market growth, as it caters to the growing segment of environmentally-conscious consumers and aligns with sustainability goals.
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Strategic Points from Table of Content:
– Market Summary
– Economic Impact Competition Analysis by Players
– Production, Revenue (Value) by geographical segmentation
– Footwear Sole Material Market Size by Type and Application
– Regional Market Status and Outlook
– Footwear Sole Material Market Analysis and Outlook
– Footwear Sole Material Market Forecast by Region, Type, and Application
– Cost Investigation, Market Dynamics
– Marketing Strategy comprehension, Distributors and Traders
– Market Effect Factor Analysis
– Research Finding/ Conclusion
– Appendix
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