Footwear Sole Material Market Size, Share, Trends, Growth, and Industry Analysis, By Soling Material (Leather, Bio-Materials, Plastic, Rubber, and Other Materials), By Product (Athletic, and Non-Athletic), By Sole Component (Innersole, Outsole, and Midsole), By Sole Type (Repair Soles, and New Soles), By End-User (Men, Women, and Kids), Regional Analysis and Forecast 2032.
Footwear Sole Material Market Trend
Global Footwear Sole Material Market size was USD 22.89 billion in 2023 and the market is projected to touch USD 37.04 billion by 2032, at a CAGR of 6.2% during the forecast period.
Footwear Soling Material play an important role in ensuring that the various types of shoes, such as sports, casual and formal ones are comfortable, durable and perform well. Some of the most commonly used sole materials include rubbers, polyurethane (PU) or ethylene-vinyl acetate (EVA). While rubber has always been preferred for its flexibility and grip, PU is light but strong, while EVA has exceptional shock absorbing abilities. Each one is selected based on what the specific shoe calls for, regardless if it was made to be worn every day or it is just a fashion statement. This trend can be attributed to a rising demand for comfortable, long-lasting footwear, especially in the fields of sport and outdoor activities. In addition, increasing spending on clothes consequently raises this demand, therefore making it more so. However, there are problems like fluctuating prices of raw materials as well as environmental issues pertaining to the use of non-biodegradable substances in these markets. In contrast, however, there exists considerable room for improvement via creating more sustainable and eco-friendly resources.
Footwear Sole Material Report Scope and Segmentation.
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Report Attribute |
Details |
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Estimated Market Value (2023) |
USD 22.89 Billion |
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Projected Market Value (2032) |
USD 37.04 Billion |
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Base Year |
2023 |
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Historical Year |
2018-2022 |
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Forecast Years |
2024 – 2032 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based by Soling Material, By Product, By Sole Component, By Sole Type, By End-User, & Region. |
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Segments Covered |
By Soling Material, By Product, By Sole Component, By Sole Type, By End-User, & By Region. |
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Forecast Units |
Value (USD Million or Billion), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2024 to 2032. |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others. |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Dynamic Insights
By the increasing need for comfy and sturdy footwear, especially in sports and outdoors global footwear sole material market is driven. The growing interest in active lifestyles as well as outdoor activities has led to an increase in demand for high performance soles making manufactures explore materials that provide certain levels of comfort, flexibility and strength. Other contributing factors to market growth include rising fashion awareness and more disposable incomes. However, it also faces challenges such as raw material prices fluctuation and environmentalists’ concerns about the use of non-biodegradable substances in the production of shoe soles some of whose effects can be felt on manufacturing costs or sustainability efforts. On the opposing there are emerging opportunities through eco-friendly and sustainable material development responding to hikers increasing want for green products.
Drivers Insights
The increasing global interest in active lifestyles has notably escalated the demand for sports and outdoor footwear, which requires soles manufactured from materials of high-performance. Such soles ought to provide exceptional comfort, flexibility and durability in order to withstand the harshest conditions of various physical activities. As more individuals are involved in running, hiking and other outdoor sports, manufacturers are emphasizing on coming up with roof materials that are advanced such as rubber as well as EVA that have a reputation for their shock absorption capacity as well as being relatively light in weight. This growing consumer preference for quality footwear with emphasis on performance forms a key driver for the market.
Moreover, greater fashion awareness among consumers is a significant stimulator and it often coincides with an upsurge in their disposable income. The increased attention to personal style has made many people pay attention to quality shoes that provide convenience together with good looks as such, there has been a rise in demand for trendy shoes featuring unique soles. In this industry segment, there’s a notable preference for multipurpose materials such as polyurethane (PU) due to its capability of being shaped and dyed into different ways. Fashionable but also practical soles fuel growth within the foot wear sole material industry.
Restraints Insights
The price of crude oil and other disruptions in the supply chain affects materials such as rubber and PU, which are derived from petrochemicals. This means that the significant challenge facing the footwear sole material market is volatility in raw material prices. This can lead to increases in production costs for manufacturers, who can find it hard to remain competitive. In addition, fluctuating raw material prices can negatively impact profit margins and general market expansion.
The incorporation in shoe soles of non-bio-decomposing components such as manufactured elastic and PU leads to anxiety regarding the surrounding. This happens because they hardly break apart, causing pollution and wastage through time. With growing consciousness about these matters related to environment, people purchasing shoes as well as their supervisors have been advocating for adoption of eco-friendly standards in manufacturing them. The call for reduction of environmental degradation traces back most studies on shoe sole material since the need for inventing other environmentally sound substitutes surfaces.
Opportunities Insights
The increasing consumer preference for eco-friendly products is a huge opportunity for the market. Manufacturers are increasingly using biodegradable polymers and recycled materials as sustainable counterparts to conventional sole materials. These changes do not just reduce environmental implications, but they also conform to worldwide policies that seek to foster sustainability. Organizations that focus on researching and developing green materials could gain a competitive edge in the market.
Segment Analysis
By soling material, the Global Footwear Sole Material Market is segmented into leather, bio-materials, plastic, rubber, and other materials. Leather soles are commonly associated with high-end, formal footwear due to their breathability and durability, however they are usually less flexible and cannot be as comfortable compared to synthetic alternatives. The use of bio-materials as eco-friendly alternatives is on the rise, with renewable sources such as plant-based polymers being used to meet the increasing demand for sustainable products. In terms of cost-effective options that balance between flexibility, durability and affordability, plastic and rubber are most widely utilized materials. Particularly, rubber is preferred due to its excellent grip properties together with shock absorbing abilities ideal in athletic shoes or outdoor activities. According to customer preferences high class fashion or rugged performance in casual wear are served by different types of materials.
By product, the market is segmented into athletic and non-athletic footwear, each requiring different types of sole materials. Athletic footwear, which comprises running shoes, hiking boots, and sports shoes, require soles that offer maximum support, flexibility and durability. This segment often employs materials like EVA, rubber and PU owing to their lightweight and cushioning characteristics. However, on the other hand, non-athletic shoes focus more on style besides comfort in which the casual including formal and everyday shoes falls under. A common choice for soles in this category is leather or plastic ones that provide both aesthetics and durability. The varying demands of athletic and non-athletic shoe types necessitate a variety of sole materials.
By sole component, the market is segmented into innersoles, outsoles, and midsoles, each playing a crucial role in the overall performance of the footwear. In contrast to the gooey and wet feel of some shoes, which tend to be more comfortable, innersoles have diverse purposes regarding accommodating the foot. Such innersoles are made using different materials such as foam or gel due to their capacity to absorb impact forces. The outermost layer of the sole that directly contacts with ground is known as outsole. It should therefore be hard-wearing, non-slip and also resistant against any form of wear-and-tear hence why rubbers and PU are commonly used for this purpose. Midsoles are located between innersole layers and outer soles where they act as extra cushioning components when walking or running. Midsoles made from EVA (Ethylene Vinyl Acetate) or PU (Polyurethane) are preferred because they are lightweight and help in absorbing shock waves produced while walking or running. Different types of shoes require different kinds of materials for all their components.
By sole type, the market is segmented into repair soles and new soles. Brand new soles are way fewer common insoles that get manufactured together with shoes built from scratch to fit the purpose of the client. This trend is fuelled by what customers want: a mix between style and usefulness. However, repair soles serve the purpose of changing worn out bottoms of shoes that one has already owned. This category has become famous due to the increasing need for prolonging footwear lifespan among people who own expensive or sentimental shoes. In most cases, repair sole material matches that of the first sole, which helps maintain its quality and function.
By end-user, the market is segment into men, women, and kids, each with distinct preferences and requirements. Men’s shoes tend to be durable and comfortable, with the choice of materials leaning more towards leather, rubber and PU that ensure strength and support. Women’s shoes on the other hand are more concentrated on style and design aspects as opposed to comfort though it is also a requirement in some cases leading to use of different kinds of materials like leather, plastic or even bio-materials so that they can fit into any fashionable trend available today. Kids’ footwear is ideally designed for safety, comfort and flexibility that’s why they are made out of rubber or EVA whose properties regarding cushioning and being non-slip match these specifications. The end-user segment reflects the need for diverse sole materials to meet the specific demands of different demographics.
Regional Analysis
From region to another, the global footwear sole material market bears a totally different appearance that results from changes in consumer tastes economic conditions as well as production abilities. In North America and Europe, this industry is considered by an increasing preference for high-quality durable materials with more attention given to sustainability and environmentally friendly products. On the other hand, the major production areas in Asia-Pacific are dominated by China and India mainly because of their raw material availability in addition to cheaper manufacturing costs thus, making it a key point for both home use and exports. In Latin America and the Middle East & Africa, there is a rise in demand attributed to increasing disposable income levels and increasing fashion consciousness among individuals. However, they face some challenges like lack of advanced materials or even modern manufacturing methods.
Competitive Landscape
Leading companies such as BASF SE, Dow Chemical Company, and Huntsman Corporation dominate the market with their extensive product portfolios, offering a range of materials including rubber, polyurethane, and bio-materials. These players emphasize research and development so as to create top-notch materials that are more efficient, eco-friendly, and cheaper. In particular, small and regional players are capturing market share within the niche markets for green and sustainable materials. Furthermore, strategic alliances, mergers and acquisitions describe rivalry as firms strive to broaden their market reach as well as their range of products. Since consumers have a growing need for inventive and eco-friendly shoe wear options, it is anticipated that this market will face stiffer competition over new eco-material engineering with criteria of performance and also regulations.
List of Key Players:
Recent Developments:
Footwear Sole Material Report Segmentation:
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ATTRIBUTE |
DETAILS |
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By Soling Material |
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By Product |
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By Sole Component |
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By Sole Type |
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By End-User |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
