Global Footwear Sole Material Market to 2032
Overview
The Global Footwear Sole Material Market is expected to reach a 38.35 USD Billion by 2032 and is projected to grow at a CAGR of 5.31% from 2025 to 2032.
Revenue, 2024 (USD Billion)
25.34
Forecast, 2032 (USD Billion)
38.35
CAGR, 2024 - 2032
5.31%
Report Coverage
Global
Global Footwear Sole Material Market 2018-2032 USD Billion
Global Footwear Sole Material Market , Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 25.34 USD Billion
- Projected Market Size (2032): 38.35 USD Billion
- CAGR (2025-2032): 5.31%
Key Findings of Global Footwear Sole Material Market
- The Global Footwear Sole Material Market was valued at 38.35 USD Billion in 2024.
- The Global Footwear Sole Material Market is likely to grow at a CAGR of 5.31% 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 21.76 USD Billion
- The fastest growing segment Men in End-User Segment grew Fastest with a CAGR of 5.69% during the forecast period from 2024 to 2032.
Global Footwear Sole Material Market Scope
Global Footwear Sole Material Market Segmentation & Scope
Product
- Polyurethane
- PVC
- EVA
- SBS/Thermoplastic Elastomeric Block Copolymers
- Rubber
- Bio-Materials
Application
- Non-Athletic
- Athletic
End-User
- Kids
- Women
- Men
Sole
- Repair Soles
- New Soles
Sole Components
- Outsole
- Innersole
Global Footwear Sole Material Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 25.34 USD Billion |
| Market Value in 2032 | 38.35 USD Billion |
| CAGR (2025-2032) | 5.31% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Product,Application,End-User,Sole ,Sole Components |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 25.34 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 4,776.15 USD Million in 2024.
Segments and Scope
-
Global Footwear Sole Material Market to 2032, By Product
- Polyurethane is the largest segment in Global Footwear Sole Material Market to 2032 with a revenue of 11.51 USD Billion in the year 2024.
- Polyurethane is the Fastest growing segment in Global Footwear Sole Material Market to 2032 with a Growth rate of 5.60 % in forecast period 2025-2032.
-
Global Footwear Sole Material Market to 2032, By Application
- Athletic is the largest segment in Global Footwear Sole Material Market to 2032 with a revenue of 14.18 USD Billion in the year 2024.
- Athletic is the Fastest growing segment in Global Footwear Sole Material Market to 2032 with a Growth rate of 5.53 % in forecast period 2025-2032.
-
Global Footwear Sole Material Market to 2032, By End-User
- Men is the largest segment in Global Footwear Sole Material Market to 2032 with a revenue of 11.77 USD Billion in the year 2024.
- Men is the Fastest growing segment in Global Footwear Sole Material Market to 2032 with a Growth rate of 5.69 % in forecast period 2025-2032.
-
Global Footwear Sole Material Market to 2032, By Sole
- New Soles is the largest segment in Global Footwear Sole Material Market to 2032 with a revenue of 21.76 USD Billion in the year 2024.
- New Soles is the Fastest growing segment in Global Footwear Sole Material Market to 2032 with a Growth rate of 5.39 % in forecast period 2025-2032.
-
Global Footwear Sole Material Market to 2032, By Sole Components
- Innersole is the largest segment in Global Footwear Sole Material Market to 2032 with a revenue of 17.86 USD Billion in the year 2024.
- Innersole is the Fastest growing segment in Global Footwear Sole Material Market to 2032 with a Growth rate of 5.39 % in forecast period 2025-2032.
Global Footwear Sole Material Market Company Share Analysis
| Company Name |
|
||
| BASF SE | |||
| Asahi Kasei Corporation | |||
| Covestro AG | |||
| Dow | |||
| Huntsman International LLC | |||
Global Footwear Sole Material Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Footwear Sole Material Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Footwear Sole Material Market is segmented based on Segmentation Product,Application,End-User,Sole ,Sole Components.
Global Footwear Sole Material Market was valued at USD 25.34(Revenue in USD Billion) in 2023.
Global Footwear Sole Material Market is projected to grow at a CAGR of 5.31% during the forecast period of 2024 to 2032.
The New Soles segment is expected to dominate the Global Footwear Sole Material Market , holding a largest market share of 21.76 USD Billion in 2024
Global Footwear Sole Material Market Scope
Global Footwear Sole Material Market Segmentation & Scope
Product
- Polyurethane
- PVC
- EVA
- SBS/Thermoplastic Elastomeric Block Copolymers
- Rubber
- Bio-Materials
Application
- Non-Athletic
- Athletic
End-User
- Kids
- Women
- Men
Sole
- Repair Soles
- New Soles
Sole Components
- Outsole
- Innersole
Frequently Asked Questions
The Global Footwear Sole Material Market is segmented based on Segmentation Product,Application,End-User,Sole ,Sole Components.
Global Footwear Sole Material Market was valued at USD 25.34(Revenue in USD Billion) in 2023.
Global Footwear Sole Material Market is projected to grow at a CAGR of 5.31% during the forecast period of 2024 to 2032.
The estimated market value of the Global Footwear Sole Material Market for final year is USD 38.35 (USD Billion).
Global Footwear Sole Material Market Company Profiling
Frequently Asked Questions
The Global Footwear Sole Material Market is segmented based on Segmentation Product,Application,End-User,Sole ,Sole Components.
Global Footwear Sole Material Market was valued at USD 25.34(Revenue in USD Billion) in 2023.
Global Footwear Sole Material Market is projected to grow at a CAGR of 5.31% during the forecast period of 2024 to 2032.
The estimated market value of the Global Footwear Sole Material Market for final year is USD 38.35 (USD Billion).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.