The global footwear sole material market encompasses a dynamic industry focused on manufacturing materials used in shoe soles. It comprises a diverse range of materials, including rubber, EVA (ethylene-vinyl acetate), PU (polyurethane), and leather. These materials are essential for crafting soles that provide comfort, durability, and functionality to meet the varied needs of consumers. The global footwear sole material market is characterized by intense competition, with companies striving to offer innovative solutions and capitalize on emerging opportunities in the ever-evolving fashion and sports industries.
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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. E-commerce expansion accelerates accessibility to diverse footwear. Manufacturers respond by incorporating innovative sole materials, ensuring competitiveness in the digital market, where consumer choices are vast. This trend reflects a dynamic industry adapting to evolving online retail dynamics and customer preferences.
Key Findings of the Study
Increasing knee and ankle problems among the aging population is expected to drive the market's growth rate
The rising incidence of knee and ankle issues in the aging demographic propels the global footwear sole material market. With age, specialized footwear becomes essential for superior cushioning and support, mitigating discomfort and health concerns. This demographic shift fuels the demand for advanced sole materials, emphasizing enhanced shock absorption and stability. Manufacturers respond with innovative solutions, addressing the specific needs of the aging population and driving substantial growth in the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Non-Athletic and athletic), Soling Material (Polyurethane, Rubber, EVA, PVC, PEBA, Leather, and Bio-Materials), Sole Component (Outsole, innersole, and midsole), Sole Type (New Soles and Repair Soles), Distribution Channel (Direct sale/B2B, E-Commerce, Specialty Stores, and Others), End-User (Women, Men, and Kids)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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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), and Continental AG (Germany), among others
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Data Points Covered in the Report
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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.
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Segment Analysis:
The global footwear sole material market is categorized into four notable segments which are product, soling material, sole component, sole type, distribution channel and end-user.
- On the basis of product, the global footwear sole material market is segmented into athletic and non-athletic. The non-athletic segment is expected to dominate the global footwear sole material market with a 59.95% market share due to the fashion-oriented life style and cultures of the region
- On the basis of the soling material, the global footwear sole material market is segmented into polyurethane, rubber, EVA, PVC, bio-materials, and others. The rubber segment is expected to dominate the global footwear sole material market with a 38.28% market share due to enormous amount of synthetic rubber manufactured in the region along with petroleum production
- On the basis of sole component, the global footwear sole material market is segmented into outsole and innersole. The outsole segment is expected to dominate the global footwear sole material market with a 79.88% market share due to various environmental hazards present in the region
- On the basis of sole type, the global footwear sole material market is segmented into new sole and repair sole. The new soles segment is expected to dominate the global footwear sole material market with an 85.01% market share due to the preference of customers in the region towards new footwear soles rather than repaired ones
The new soles segment of sole type is expected to dominate the global footwear sole material market during the forecast period 2023-2030
The new soles segment is expected to dominate the global footwear sole material market with an 85.01% market share due to the preference of customers in the region towards new footwear soles rather than repaired ones. The inclination towards fresh, technologically advanced soles reflects a demand for improved comfort, performance, and style, driving the market's focus toward innovative and novel sole materials in response to customer preferences.
- On the basis of distribution channel, the global footwear sole material market is segmented into direct sale/B2B, e-commerce, specialty stores and others. The direct sale/B2B segment is expected to dominate the global footwear sole material market with 63.79% market share due to the cost benefits provided by direct/B2B option
- On the basis of end-user, the market is segmented into men, women, and kids. The women segment is expected to dominate the global footwear sole material market with a 57.41% market share due to the extensive involvement of women from the region in the fashion industry
The women segment of end-user segment is expected to dominate the global footwear sole material market during the forecast period 2023-2030
The women segment is expected to dominate the global footwear sole material market with a 57.41% market share due to the extensive involvement of women from the region in the fashion industry. With an active role in shaping and driving fashion trends, women contribute substantially to the demand for diverse and innovative sole materials, emphasizing the pivotal role of female consumers in influencing and steering the market dynamics.
Major Players
Data Bridge Market Research recognizes the following companies as the major global footwear sole material market players in global footwear sole material market are Solvay (Belgium), Soles by MICHELIN (France), Arkema (France), Covestro AG (Germany), Evonik Industries AG (Germany), BASF SE (Germany)
Market Developments
- In September 2022, Hotter and BASF collaborated to introduce Infinergy, Expanded Thermoplastic Polyurethane (E-TPU), enhancing Hotter's casual shoes. The synergy of Hotter's cushion plus technology and BASF SE Infinergy delivers remarkable cushioning to traditional shoes. This strategic collaboration not only elevated product performance but also facilitated Hotter's expansion, enabling the business to seamlessly incorporate both formal and casual clothing into its product offerings
- In 2021, Solvay unveiled Bio Amni, a polyamide textile yarn primarily derived from biomaterials. This eco-friendly innovation is versatile, finding application in various products, including athletic shoes, sportswear, and swimwear. Solvay's introduction of Bio Amni reflects a strategic move to diversify its product line with environmentally sustainable offerings
- In 2020, Vibram Corporation and Pensole Academy signed a multi-year agreement, leveraging the design school's expertise in footwear, practical clothing, and accessories to create innovative products that would captivate customers, reinforcing the business's commitment to cutting-edge design
- In 2020, the Columbia Sportswear Company launched innovation known as Omni-Heat Black Dot technology, revolutionizing the outdoor sector. This pioneering technology marked the industry's first-ever exterior thermal protection, specifically engineered to combat cold weather. The Omni-Heat Black Dot technology, integrated into Columbia Sportswear's products, represents a significant advancement in outdoor apparel, providing enhanced warmth and insulation for enthusiasts and adventurers in chilly environments, further solidifying the company's commitment to cutting-edge advancements in performance gear
- In 2020, Puma, the Germany-based sportswear manufacturer, collaborated with First Mile to launch a sustainable initiative. This collaboration resulted in the creation of an innovative line of eco-friendly apparel and shoes made from recyclable plastic. Puma and First Mile's joint effort aimed to address environmental concerns by transforming discarded plastic into stylish and sustainable sportswear, reflecting a commitment to responsible manufacturing practices and fostering a more eco-conscious approach within the fashion industry
Regional Analysis
Geographically, the countries covered in the global footwear sole material market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global footwear sole material market during the forecast period 2023-2030
Asia-Pacific dominates the global footwear sole material market, fueled by the surge in global footwear production. This region asserts market supremacy as it experiences a heightened demand for stylish, comfortable, and convenient footwear. The influx of fashion-conscious consumers propels manufacturers in Asia-Pacific to lead in providing innovative sole materials, meeting the evolving preferences of a diverse and expansive market. This dominance underscores the region's pivotal role in shaping the trajectory of the footwear industry worldwide.
Europe is estimated to be the fastest-growing region in the global footwear sole material market during the forecast period 2023-2030
Europe is expected to dominate the global footwear sole material market from 2023 to 2030, primarily fueled by the increasing prevalence of knee and ankle problems among the aging population. Additionally, the region experiences market growth as global footwear production rises. This dual influence underscores Europe's pivotal role in the industry, with a confluence of rising healthcare-related demands and heightened footwear manufacturing contributing to the region's prominence in the forecast period.
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