Lucintel Forecasts Footwear Sole Material Market to Reach $21.1 Billion by 2027

According to the recent study the Footwear Sole Material Market is projected to reach an estimated $21.1 billion by 2027 from $16.1 billion in 2021, at a CAGR of 4.5% from 2021 to 2027. Growth in this market is primarily driven by rise in footwear production and growth in consumer spending.

Browse 179 figures / charts and 168 tables in this 255 -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 Rest of the World).

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“Women footwear market is expected to remain the largest segment during the forecast period.”

Based on end user, the footwear sole material market is segmented into rubber, PVC, TPR, PU, EVA, vulcanized rubber, leather, and others. Lucintel forecasts that the women footwear market is expected to remain the largest segment due to increase in consumer purchasing power and growing demand for casual and fashionable footwear.

“Within the footwear sole material market, the PVC segment is expected to remain the largest material.”

Based on material the PVC segment is expected to witness the highest growth over the forecast period due to the best synthetic alternative to traditional leather with more cost-effective options for sole manufacturing.

“Asia pacific will dominate the footwear sole material market in near future.”

Asia Pacific is expected to remain the largest region and 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. Dow Chemicals, Solvay S.A, BASF Corporation, Huntsman Corporation, Braskem S.A 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.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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