According to the recent study the footwear sole material market is projected to reach an estimated $21.1 billion by 2025 from $16.7 billion in 2019, at a CAGR of 4.0% from 2020 to 2025. Growth in this market is primarily driven by rise in footwear production and growth in consumer spending.
Browse 186 figures /
charts and 162 tables in this 238 -page report to understand trends,
opportunities and forecast in footwear sole material market by material
(rubber, PVC, TPR, PU, EVA, vulcanized rubber, leather, and others), by sole
component (midsole, insole, and outsole), by product (athletic and
non-athletic), by end user (men, women, and children) and by region (North
America, Europe, Asia Pacific, and the Rest of the World).
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view detailed Table of Content by clicking on below link https://www.lucintel.com/footwear-sole-material-market.aspx
“Polyvinyl chloride (PVC) market is
expected to remain the largest segment during the forecast period.”
Based on material, the footwear
sole material market is segmented into rubber, PVC, TPR, PU, EVA, vulcanized
rubber, leather, and others. Lucintel forecasts that the polyvinyl chloride (PVC)
is expected to witness the largest segment and also witness the highest growth during the forecast period
because it provides the best synthetic alternative to traditional leather with
more cost effective options for sole manufacturing.
“Within the footwear sole material market, the glass fiber segment
is expected to remain the largest fiber type.”
Based on product, the non-athletic
is expected to witness the largest segment over the forecast period due to
increase in consumer purchasing power, and growing demand for casual and
fashionable footwear.
“Asia Pacific will dominate the footwear sole material market in
near future.”
Asia Pacific is expected
to be the largest region during the forecast period and also witness the
highest growth over the forecast period due to rising population, growing
disposable income, and increasing sports activities.
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Major players of footwear
sole material market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. DowDupont, Huntsman,
BASF, Solvay, Braskem, Ningbo Cerrion, International Trading Co. LTD, and
Metropole are among the major footwear sole material providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/footwear-sole-material-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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