Global Footwear Sole Material Market is Expected to Grow at 6.1% in the Forecast Period of 2021 to 2028

Global Footwear Sole Material Market is forecasted to grow at 6.1% with factors such as rising knee and ankle problems among the aging population in all the regions.

Footwear Sole Material Market has shown an exceptional penetration in regions such as Asia-Pacific, North America and Europe due to the increasing demand for soft sole for daily wear footwear in both developing and developed countries. In developing countries of Asia-Pacific, growing technological innovation for sole production is creating opportunity for the Global Footwear Sole Material Market.

Global Footwear Sole Material Market Scenario

According to Data Bridge Market Research the market for footwear sole materials in Asia-Pacific has the highest market share followed by North America and Europe. Market leader is Dow which accounts an estimated market share of approximately 10% to 14% in the Global Footwear Sole Material Market. The company has gained outstanding sale through their consumer goods and appliances. In 2018, Dow introduced two soling systems named ENERLYTE and VORALAST H2. Both the products find applications in athleisure as well as protective footwear markets an offers extensive comfort and protection. The company intends to diversify its product portfolio and with polyurethane soling systems with these new products.

  • In 2020, Huntsman International LLC completed our acquisition of Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam insulation systems for residential and commercial applications. The acquired business was integrated into our polyurethanes segment. This acquisition has helped to boost company’s market sales.

 Footwear Sole Material MarketTrends Impacting the Market

Now the question is which other regions Dow, Kingseason and Huntsman International LLC are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific footwear sole materials market and the market leaders targeting North America and Europe to be their next revenue pockets for 2020.

The footwear sole materials market is becoming more competitive every year with companies such as Dow, Kingseason and Huntsman International LLC as they are the market leaders for footwear sole materials. The data bridge market research new reports highlight the major growth factors and opportunities in the footwear sole materials market.

Footwear Sole Materials Market al Cleansing In 2020, eir operations at the plant.Unisol India announced about c their Chennai plant with safety precautions. This announcement was made in order to inform the customers and the suppliers about their operations at the plant.

  • In 2021, Asahi Kasei Corporation announced that it will expand the production capacity of hydrophilic PVDF (polyvinylidene fluoride) hollow-fibre membranes for Planova BioEX filters at its spinning plant located in in Oita, Japan. The company intends to strengthen its production capacities and thereby gain competitive advantage in the market.

Scope of the Footwear Sole Materials Market

Global Footwear Sole Material Market is segmented on the basis of regions into Asia-Pacific, North America, Europe, Middle East and Africa and South America.

All region based analysis of footwear sole materials market is further analyzed based on further segmentation. On the basis of By Product (Non-Athletic, Athletic), Soling Material (Rubber, Polyurethane, EVA, PVC, Bio-Materials), Sole Component (Outsole, Inner Sole), Sole Type (Repair Soles, New Soles), Distribution Channel (Direct Sale/B2B, Specialty Store, E-Commerce, Others), End-user (Men, Women, Kids)

To know more about the study

Key Pointers Covered in Footwear Sole Materials Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness

Key Market Competitors Covered in the Report

  • Huntsman International LLC
  • Allbirds,Inc
  • Soles by MICHELIN
  • Vibram Commerce LLC
  • Unisol India
  • The Goodyear Tire & Rubber Company
  • Pirelli & C. S.p.A.
  • Hankook Tire & Technology Co.,Ltd
  • Aloft – Soles for Technical Footwear
  • Asahi Kasei Corporation
  • Solvay
  • Dow
  • Aybroad Sports Company LTD
  • Xiamen KON Technology Co.,Ltd 
  • Kingseason
  • Resimol Shoe Soles
  • Joaquín Gallardo e Hijos S.L.
  • JH SHOE SOLE CO., Ltd 

Above are the key players covered in the report, to know about more and exhaustive list of footwear sole materials companies, contact us

Research Methodology: Europe Footwear Sole Materials Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

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, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Personalized/Household Industry
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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