Global Footwear Sole Material Market By Material (Rubber, Polyvinyl Chloride (PUC), Thermoplastic Rubber (TPR), Polyurethane (PU), Ethyl Vinyl Acetate (EVA), Vulcanised Rubber, Leather), Sole Component (Midsole, Insole, Outsole), Product (Athletic, Non- Athletic), End-User (Men, Women, Children), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026.
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With this report, a strong organization can be built which can make better decisions for a successful business. Global Footwear Sole Material Market research report is very crucial in several ways for business growth and to thrive in the market. It also provides the list of major competitors along with the strategic insights and analysis of the key factors influencing the industry. It enables clients to take strategic decisions and accomplish growth objectives. So, gain thorough analysis of the market structure and forecast of the various segments and sub-segments of the market with this outstanding market report.
Global Footwear Sole Material Market is expected to rise from its initial estimated value of USD 16.21 billion in 2018 to an estimated value of USD 24.52 billion by 2026, registering a CAGR of 5.31% in the forecast period of 2019-2026. Increase in the production of shoes is the major factor for the growth of this market.
Sole is the part of the shoe that comes in direct contact with the ground. They are made from the different materials like polyurethane, leather, natural rubber, PVC etc. depending upon the style and purpose of the shoe. There are different types of footwear like boots, shoes, sneakers etc. which are made from different materials like leather, rubber, plastics etc. PVC is the one of the most common material used sole because it is alternative of leather in formal shoes and in terms of durability and abrasion resistance PU is the best material. The sole made of PU are very comfortable and protects from slipping. They are also oxidation and chemical resistance. Shock absorbing nature of the sole makes them popular among consumers.
- Increasing demand for stabilized sole for foot motion among consumer is driving the market
- Rising shin pain, knee pain, back pain problems is driving the market
- Rising environmental awareness among consumer is driving market
Segmentation: Global Footwear Sole Material Market
- By Material
- Polyvinyl Chloride (PVC)
- Thermoplastic Rubber (TPR)
- Polyurethane (PU)
- Ethyl Vinyl Acetate (EVA)
- Vulcanized Rubber
- By Sole Component
- By Product
- Non- Athletic
- By End- User
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
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Key Developments in the Market:
- In April 2018, Reebok announce the launch of their NPC UK Cotton sneakers with a corn based sole. Rather than using petroleum and synthetic rubber the company aim at using product that grows and this sneakers will have upper made of 100% cotton and insoles that are derived from castor bean oil and 100% recycled packaging.
- In March 2018, SOLE announced the launch of their 100% recycled wine corks sandals. The aim is to avoid the usage of other harmful material used in the production of footwear.
Global footwear sole material market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of footwear sole material market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in footwear sole material market are Asahi Kasei Corporation, BASF SE, Cellular Mouldings, Coim Group, Covestro AG, Dowdupont, Era Polymers Pty Limited, Headway Group, Huntsman International LLC, INOAC CORPORATION, Kasodur, Lanxess, The Lubrizol Corporation, Manali Petrochemical Limited, Perstorp Holding AB, Rogers Corporation, Trelleborg AB, VCM Polyurethanes Pvt. Ltd., Wanhua Chemical Group Co., Ltd., Braskem.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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