The global footwear sole material market is expected to reach an estimated $21.0 billion by 2023 with a CAGR of 5.9% from 2018 to 2023

LONDON, Dec. 3, 2018 /PRNewswire/ -- Trends, opportunities and forecast in footwear sole material market to 2023 by material (rubber, PVC, TPR, PU, EVA, vulcanized rubber, leather, and others), by sole component (midsole, insole, and outsole), by product (athletic and non-athletic), by end user (men, women, and children) and by region (North America, Europe, Asia Pacific, and the Rest of the World)


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The future of the global footwear sole material market looks promising with opportunities in athletic and non-athletic shoes. The global footwear sole material market is expected to reach an estimated $21.0 billion by 2023 with a CAGR of 5.9% from 2018 to 2023. The major growth driver in this market is rise in footwear production and growth in consumer spending.

Emerging trends, which have a direct impact on the dynamics of the footwear sole material industry, include the development of fusion of plastic with other sole materials, and shifting of footwear manufacturers from China to South East Asia.

footwear sole market by material type

footwear sole material market

footwear sole material

The study includes the footwear sole material market size and forecast for the global footwear sole material market through 2023, segmented by material, sole component, product, end user and region as follows:

Footwear Sole Material Market by Material (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
Rubber Polyvinyl chloride (PVC) Thermoplastic rubber (TPR) Polyurethane (PU) Ethyl vinyl acetate (EVA) Vulcanized rubber Leather Others

Footwear Sole Material Market by Sole Component (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
Midsole Insole Outsole

Footwear Sole Material Market by Product (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
Athletic Non-Athletic

Footwear Sole Material Market by End User (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
Men Women Children

Footwear Sole Material Market by Region (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
North America Europe Asia Pacific The Rest of the World
Some of the footwear sole material companies profiled in this report include DowDupont, Huntsman, BASF, Solvay, Braskem, Ningbo Cerrion, International Trading Co. LTD, and Metropole.

On the basis of comprehensive research, PVC is expected to be the largest material by value and volume and also witness the highest growth during the forecast period because it provides the best synthetic alternative to traditional leather with more cost effective options for sole manufacturing.

Within this market, non-athletic will remain the largest end use industry by value and volume due to increase in consumer purchasing power, and growing demand for casual and fashionable footwear.

Asia Pacific is expected to remain the largest region by value and volume and also witness the highest growth over the forecast period due to rising population, growing disposable income, and increasing sports activities.

Some of the features of "Footwear Sole Material Market Report: Trends, Forecast and Competitive Analysis" Include:
Market size estimates: Global footwear sole material market size estimation in terms of value ($M) and Volume (M Lbs.) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
Segmentation analysis: Global footwear sole material market size by various applications such as material, sole component, product, and end user in terms of value and volume shipment.
Regional analysis: Global footwear sole material market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions for footwear sole material in the global footwear sole material market.
Strategic analysis: This includes M&A, new product development, and competitive landscape for footwear sole material in the global footwear sole material market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global footwear sole material market by material (rubber, PVC, TPR, PU, EVA, vulcanized rubber, leather, and others), by sole component (midsole, insole, and outsole), by product (athletic and non-athletic), by end user (men, women, and children) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the footwear sole material market?
Q.5 What are the business risks and threats to the footwear sole material market?
Q.6 What are emerging trends in this footwear sole material market and the reasons behind them?
Q.7 What are some changing demands of customers in the footwear sole material market?
Q.8 What are the new developments in the footwear sole material market? Which companies are leading these developments?
Q.9 Who are the leading players in this footwear sole material market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this footwear sole material area and to what extent do they pose a threat for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in this footwear sole material market?

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