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.
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.
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:
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).
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Drivers
Surge in Demand for Fashionable, Comfortable, and Convenient Footwear:
The notable increase in the demand for stylish, comfortable, and convenient footwear serves as a major driver in the global footwear sole material market. Consumers are now seeking footwear that not only exhibits a fashionable appearance but also ensures comfort and convenience. Manufacturers are compelled to employ innovative and high-quality sole materials that deliver comfort, durability, and style to meet these evolving consumer preferences. This demand stimulates research and development in the footwear sole material industry, creating growth opportunities and driving innovation to stay abreast of changing consumer trends.
Increasing Knee and Ankle Problems among Aging Population:
The escalating prevalence of knee and ankle problems among the aging population stands as a key driver in the global footwear sole material market. With advancing age, individuals require specialized footwear offering superior cushioning and support to alleviate discomfort and mitigate health issues. This demographic shift generates a demand for advanced sole materials providing enhanced shock absorption and stability. Consequently, manufacturers are prompted to develop innovative solutions catering to the specific needs of the aging population, thereby propelling market growth.
Opportunities
Rise in Demand for Sustainable Materials:
The growing demand for sustainable materials emerges as a substantial opportunity in the global footwear sole material market. As consumers increasingly prioritize eco-conscious choices, there is a rising preference for footwear made from eco-friendly and sustainable materials. To capitalize on this trend, the industry can focus on developing and offering innovative sole materials derived from recycled or renewable sources. Addressing these consumer preferences has the potential to drive market growth, aligning with broader sustainability goals and environmental awareness.
Increase in the Demand for Eco-Friendly Footwear:
The increasing demand for eco-friendly footwear represents a significant opportunity in the global footwear sole material market. Consumers are actively seeking footwear options that align with their environmental values. To tap into this trend, the industry can concentrate on developing and offering sustainable, biodegradable, or recycled sole materials. Meeting the demand for eco-friendly options has the potential to drive market growth, catering to the expanding segment of environmentally-conscious consumers and aligning with sustainability objectives.
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