Australia & New Zealand Footwear Sole Material Market to 2032

Overview

The Australia & New Zealand Footwear Sole Material Market is expected to reach a 1,302.79 USD Million by 2032 and is projected to grow at a CAGR of 5.54% from 2025 to 2032.

Revenue, 2024 (USD Million)

893.42

Forecast, 2032 (USD Million)

1,302.79

CAGR, 2024 - 2032

5.54%

Report Coverage

Australia & New Zealand

Australia & New Zealand Footwear Sole Material Market 2018-2032 USD Million

Australia & New Zealand Footwear Sole Material Market , Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 893.42 USD Million
Projected Market Size (2032): 1,302.79 USD Million
CAGR (2025-2032): 5.54%

Key Findings of Australia & New Zealand Footwear Sole Material Market

The Australia & New Zealand Footwear Sole Material Market was valued at 893.42 USD Million in 2024.
The Australia & New Zealand Footwear Sole Material Market is likely to grow at a CAGR of 5.54% during the forecast period of 2024 to 2032.
In 2024, the Largest segment New Soles in Sole Segment accounted for the largest share of the market with a revenue of 764.70 USD Million
The fastest growing segment Men in End-User Segment grew Fastest with a CAGR of 6.00% during the forecast period from 2024 to 2032.

Australia & New Zealand Footwear Sole Material Market Scope

Australia & New Zealand Footwear Sole Material Market Segmentation & Scope

Application

Non-Athletic
Athletic

Sole

Repair Soles
New Soles

Sole Components

Outsole
Innersole

Product

Bio-Materials
PVC
EVA
SBS/Thermoplastic Elastomeric Block Copolymers
Rubber
Polyurethane

End-User

Kids
Women
Men

Australia & New Zealand Footwear Sole Material Market Data Coverage Insights

Study Period	2024-2032
Base Year	2023
Unit	Revenue in USD Million
Market Value in 2024	893.42 USD Million
Market Value in 2032	1,302.79 USD Million
CAGR (2025-2032)	5.54%
Historic Data	2016-2023
Market Segments Covered	Application,Sole ,Sole Components,Product,End-User

Regional Insights:

Leading Market (2024-2032): Australia & New Zealand, leading in terms of revenue 893.42 USD Million in 2024
- Key Country: Australia & New Zealand, leading in terms of revenue with value of 893.42 USD Million in 2024.

Segments and Scope

Australia & New Zealand Footwear Sole Material Market to 2032, By Application
- Athletic is the largest segment in Australia & New Zealand Footwear Sole Material Market to 2032 with a revenue of 494.94 USD Million in the year 2024.
- Athletic is the Fastest growing segment in Australia & New Zealand Footwear Sole Material Market to 2032 with a Growth rate of 5.84 % in forecast period 2025-2032.
Australia & New Zealand Footwear Sole Material Market to 2032, By Sole
- New Soles is the largest segment in Australia & New Zealand Footwear Sole Material Market to 2032 with a revenue of 764.70 USD Million in the year 2024.
- New Soles is the Fastest growing segment in Australia & New Zealand Footwear Sole Material Market to 2032 with a Growth rate of 5.64 % in forecast period 2025-2032.
Australia & New Zealand Footwear Sole Material Market to 2032, By Sole Components
- Innersole is the largest segment in Australia & New Zealand Footwear Sole Material Market to 2032 with a revenue of 627.93 USD Million in the year 2024.
- Innersole is the Fastest growing segment in Australia & New Zealand Footwear Sole Material Market to 2032 with a Growth rate of 5.60 % in forecast period 2025-2032.
Australia & New Zealand Footwear Sole Material Market to 2032, By Product
- Polyurethane is the largest segment in Australia & New Zealand Footwear Sole Material Market to 2032 with a revenue of 400.79 USD Million in the year 2024.
- Polyurethane is the Fastest growing segment in Australia & New Zealand Footwear Sole Material Market to 2032 with a Growth rate of 5.88 % in forecast period 2025-2032.
Australia & New Zealand Footwear Sole Material Market to 2032, By End-User
- Men is the largest segment in Australia & New Zealand Footwear Sole Material Market to 2032 with a revenue of 407.73 USD Million in the year 2024.
- Men is the Fastest growing segment in Australia & New Zealand Footwear Sole Material Market to 2032 with a Growth rate of 6.00 % in forecast period 2025-2032.

Australia & New Zealand Footwear Sole Material Market Company Share Analysis

Company Name
BASF SE
Asahi Kasei Corporation
Covestro AG
Dow
Huntsman International LLC

Australia & New Zealand Footwear Sole Material Market Geographical Sales Distribution, 2018-2032 USD Million

Australia & New Zealand Footwear Sole Material Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Australia & New Zealand Footwear Sole Material Market ?

The Australia & New Zealand Footwear Sole Material Market is segmented based on Segmentation Application,Sole ,Sole Components,Product,End-User.

What is the current market size of the Australia & New Zealand Footwear Sole Material Market ?

Australia & New Zealand Footwear Sole Material Market was valued at USD 893.42(Revenue in USD Million) in 2023.

What is the expected growth rate of the Australia & New Zealand Footwear Sole Material Market ?

Australia & New Zealand Footwear Sole Material Market is projected to grow at a CAGR of 5.54% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Australia & New Zealand Footwear Sole Material Market ?

The New Soles segment is expected to dominate the Australia & New Zealand Footwear Sole Material Market , holding a largest market share of 764.70 USD Million in 2024