Philippines Footwear Sole Material Market to 2032

Overview

The Philippines Footwear Sole Material Market is expected to reach a 610.51 USD Million by 2032 and is projected to grow at a CAGR of 5.97% from 2025 to 2032.

Revenue, 2024 (USD Million)

406.77

Forecast, 2032 (USD Million)

610.51

CAGR, 2024 - 2032

5.97%

Report Coverage

Philippines

Philippines Footwear Sole Material Market 2018-2032 USD Million

Philippines Footwear Sole Material Market , Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 406.77 USD Million
Projected Market Size (2032): 610.51 USD Million
CAGR (2025-2032): 5.97%

Key Findings of Philippines Footwear Sole Material Market

The Philippines Footwear Sole Material Market was valued at 406.77 USD Million in 2024.
The Philippines Footwear Sole Material Market is likely to grow at a CAGR of 5.97% 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 351.93 USD Million
The fastest growing segment Men in End-User Segment grew Fastest with a CAGR of 6.34% during the forecast period from 2024 to 2032.

Philippines Footwear Sole Material Market Scope

Philippines Footwear Sole Material Market Segmentation & Scope

Sole

Repair Soles
New Soles

Sole Components

Outsole
Innersole

Application

Non-Athletic
Athletic

Product

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

End-User

Kids
Women
Men

Philippines Footwear Sole Material Market Data Coverage Insights

Study Period	2024-2032
Base Year	2023
Unit	Revenue in USD Million
Market Value in 2024	406.77 USD Million
Market Value in 2032	610.51 USD Million
CAGR (2025-2032)	5.97%
Historic Data	2016-2023
Market Segments Covered	Sole ,Sole Components,Application,Product,End-User

Regional Insights:

Leading Market (2024-2032): Philippines, leading in terms of revenue 406.77 USD Million in 2024
- Key Country: Philippines, leading in terms of revenue with value of 406.77 USD Million in 2024.

Segments and Scope

Philippines Footwear Sole Material Market to 2032, By Sole
- New Soles is the largest segment in Philippines Footwear Sole Material Market to 2032 with a revenue of 351.93 USD Million in the year 2024.
- New Soles is the Fastest growing segment in Philippines Footwear Sole Material Market to 2032 with a Growth rate of 6.07 % in forecast period 2025-2032.
Philippines Footwear Sole Material Market to 2032, By Sole Components
- Innersole is the largest segment in Philippines Footwear Sole Material Market to 2032 with a revenue of 287.69 USD Million in the year 2024.
- Innersole is the Fastest growing segment in Philippines Footwear Sole Material Market to 2032 with a Growth rate of 6.03 % in forecast period 2025-2032.
Philippines Footwear Sole Material Market to 2032, By Application
- Athletic is the largest segment in Philippines Footwear Sole Material Market to 2032 with a revenue of 232.75 USD Million in the year 2024.
- Athletic is the Fastest growing segment in Philippines Footwear Sole Material Market to 2032 with a Growth rate of 6.26 % in forecast period 2025-2032.
Philippines Footwear Sole Material Market to 2032, By Product
- Polyurethane is the largest segment in Philippines Footwear Sole Material Market to 2032 with a revenue of 188.79 USD Million in the year 2024.
- Polyurethane is the Fastest growing segment in Philippines Footwear Sole Material Market to 2032 with a Growth rate of 6.25 % in forecast period 2025-2032.
Philippines Footwear Sole Material Market to 2032, By End-User
- Men is the largest segment in Philippines Footwear Sole Material Market to 2032 with a revenue of 194.43 USD Million in the year 2024.
- Men is the Fastest growing segment in Philippines Footwear Sole Material Market to 2032 with a Growth rate of 6.34 % in forecast period 2025-2032.

Philippines Footwear Sole Material Market Company Share Analysis

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

Philippines Footwear Sole Material Market Geographical Sales Distribution, 2018-2032 USD Million

Philippines Footwear Sole Material Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Philippines Footwear Sole Material Market ?

The Philippines Footwear Sole Material Market is segmented based on Segmentation Sole ,Sole Components,Application,Product,End-User.

What is the current market size of the Philippines Footwear Sole Material Market ?

Philippines Footwear Sole Material Market was valued at USD 406.77(Revenue in USD Million) in 2023.

What is the expected growth rate of the Philippines Footwear Sole Material Market ?

Philippines Footwear Sole Material Market is projected to grow at a CAGR of 5.97% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Philippines Footwear Sole Material Market ?

The New Soles segment is expected to dominate the Philippines Footwear Sole Material Market , holding a largest market share of 351.93 USD Million in 2024