Footwear sole material is produced from various materials such as PVC, rubber, PU, vulcanized rubber, and leather. Footwear provide comfort and a wide range of performance for outdoor activities. PVC and rubber are two common materials used for the manufacturing of the shoes as they provide ideal synthetic materials over traditional leather. Moreover, they are a more cost-effective solution for the manufacturing of footwear such as shoes, boots, slippers, sandals, and sneakers.

Market Dynamics

The rising trend of using polyurethane as a sole material in the manufacturing of athletic shoes in order to offer hard-wearing performance to athletes is expected to augment the market growth of footwear sole materials. The polyurethane-based midsole offers cushioning feel which reduces the chance of muscle injury and is also durable and lighter than rubber. This is expected to foster the market growth of footwear sole materials.

Rising demand for branded shoes due to improving the living standard is expected to favour the market growth of footwear sole. Additionally, rising research activities to develop cost-effective and new sole material with improved properties is further anticipated to accelerate the market growth of the footwear sole.

Intense competition in the market of footwear sole due to the presence of a large number of players is acting as an entry barrier for the new players. This is expected to restraint the market growth of the footwear sole material in the near future.

The increase in middle-class population is predicted to have positive effects on the global footwear business. Modern and fashionable footwear is always in demand. The demand for fashionable, cosy, and branded footwear among customers of all ages will drive the global footwear Sole Material market.

Key features of the study:

• This report provides in-depth analysis of the global footwear sole material market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global footwear sole material market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Nike Inc., Adidas AG, Bata Limited, Puma SE, Columbia Sportswear Company, The Dow Chemical Company, Huntsman Corporation, and BASF SE.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global footwear sole material market report caters to various stakeholders in this industry including investors, suppliers, footwear sole material manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analysing the footwear sole material market

Detailed Segmentation:

• Global Footwear Sole Material Market, By Distribution Channel:
  • Shoe Stores
  • Retail Stores
  • Super Markets
  • Online
• Global Footwear Sole Material Market, By Gender Type:
  • Men
  • Women
  • Kids
• Global Footwear Sole Material Market, By Product Type:
  • Athletic
    • Running shoes
    • Soccer shoes
    • Basketball shoes
    • Tennis shoes
  • Non-Athletic
    • Casual Footwear
    • Fashion Footwear
    • Military boots
• Global Footwear Sole Material Market, By Material Type:
  • Plastics
    • EVA
    • PU
    • PVC
    • Others
  • Rubber
    • Natural
    • Synthetic
  • Leather
  • Other Materials
• Global Footwear Sole Material Market, By Component:
  • In Sole
  • Mid Sole
  • Out Sole
  • Unit Sole
• Global Footwear Sole Material Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Nike Inc.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Adidas AG
  • Bata Limited
  • Puma SE
  • Columbia Sportswear Company
  • The Dow Chemical Company
  • Huntsman Corporation
  • BASF SE

“*” marked represents similar segmentation in other categories in the respective section.