The footwear sole material market encompasses a range of materials used in the manufacturing of shoe soles. Materials such as rubber, leather, EVA (ethylene-vinyl acetate), and PU (polyurethane) cater to diverse consumer needs, providing variations in durability, comfort, and performance. Innovations in sustainable and eco-friendly materials also influence the market. Manufacturers continually explore and adopt new sole materials to meet evolving fashion trends, consumer preferences, and performance requirements, driving the dynamic footwear sole material market.
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.
"Increasing knee and ankle problems among ageing population drive the market growth"
The global footwear sole material market is propelled by a growing incidence of knee and ankle problems among the aging demographic. As individuals age, there is a rising need for specialized footwear providing superior cushioning and support to alleviate discomfort and minimize health issues. This demographic shift fuels demand for advanced sole materials with enhanced shock absorption and stability. In response, manufacturers are developing innovative solutions to cater to the specific needs of the aging population, driving significant growth in the footwear sole material market.
What restraints the growth of the global footwear sole material market?
" Complexity in designing shoe sole hamper the market growth"
The global footwear sole material market encounters a significant hurdle in the complexity of designing shoe soles. The intricacies involved in creating soles with optimal attributes, such as durability, comfort, and performance, contribute to manufacturing challenges. Balancing diverse materials and meeting design specifications while addressing market demands amplify the intricacy. This complexity adds to production costs and poses a barrier to efficiently delivering shoe soles that align with ever-changing consumer expectations, hindering the total dynamics of the market.
Segmentation: Global Footwear Sole Material Market
The global footwear sole material market is segmented on the basis of product, soling material, sole component, sole type, distribution channel and end-user.
- On the basis product, the global footwear sole material market is segmented into non-athletic and athletic
- On the basis soling material, the global footwear sole material market is segmented into polyurethane, rubber, eva, pvc, peba, leather, and bio-materials
- On the basis sole component, the global footwear sole material market is segmented into outsole, innersole, and midsole
- On the basis sole type, the global footwear sole material market is segmented into new soles and repair soles
- On the basis distribution channel, the global footwear sole material market is segmented into direct sale/b2b, e-commerce, specialty stores, and others
- On the basis end-user, the global footwear sole material market is segmented into women, men, and kids
Regional Insights: Asia-Pacific is expected to dominate the Global Footwear Sole Material Market
Asia-Pacific is expected to dominate the global footwear sole material market, driven by increased global footwear production. The region's dominance is further fueled by rising demand for fashionable, comfortable, and convenient footwear. As the leading contributor to the market, Asia-Pacific reflects the convergence of heightened production capabilities and evolving consumer preferences, shaping the trajectory of the footwear sole material market on a global scale.
Europe is anticipated to witness growth in the global footwear sole material market from 2023 to 2030. The surge is fueled by a growing prevalence of knee and ankle issues among the aging population. Furthermore, the region benefits from the increasing global footwear production, contributing to the overall expansion of the market in Europe.
Recent Development: Global Footwear Sole Material Market
- In September 2022, Hotter collaborated with BASF to incorporate Infinergy, Expanded Thermoplastic Polyurethane (E-TPU), in their casual shoes. Combining Hotter's cushion plus technology with BASF's Infinergy offered exceptional cushioning, enabling the brand to expand its product range to encompass both formal and casual footwear
To know more about the study, visit https://www.databridgemarketresearch.com/pt/reports/global-footwear-sole-material-market
The Prominent Key Players Operating in the Global Footwear Sole Material Market Include:
- 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)
- Continental AG (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global footwear sole material market companies, contact: https://www.databridgemarketresearch.com/pt/contact
Research Methodology: Global Footwear Sole Material Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
