Lucintel's latest market report analyzed that footwear sole material provides attractive opportunities in athletic and non-athletic shoes. The footwear sole material market is expected to reach $21.1 billion by 2025 with a CAGR of 4.0%. In this market, polyvinyl chloride (PVC) is the largest segment by material, whereas non-athletic is largest by product. The development of fusion of plastic with other sole materials, and shifting of footwear manufacturers from China to South East Asia provides strategic growth path in this market.
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Based on material, the footwear sole material market is segmented into rubber, PVC, TPR, PU, EVA, vulcanized rubber, leather, and others. The polyvinyl chloride (PVC) segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period because it provides the best synthetic alternative to traditional leather with more cost effective options for sole manufacturing.
Browse in-depth TOC on “Footwear Sole Material Market”
162 – Tables
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238 – Pages
The footwear sole material market is marked by the presence of several big and small players. Some of the prominent players offering footwear sole material include DowDupont, Huntsman, BASF, Solvay, Braskem, Ningbo Cerrion, International Trading Co. LTD, and Metropole.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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