Footwear Sole Material Market Analysis 2019 to 2026: Dominated by Asahi Kasei, BASF, COIM Group, Covestro, DowDuPont, Huntsman Corporation, INOAC CORPORATION, LANXESS, The Lubrizol Corporation, Perstorp Group

Footwear Sole Material Market report is a comprehensive study on what the current status is for Chemical and Materials industry. This report provides a thorough synopsis on the study for Footwear Sole Material Market. The report includes detailed market definition, classifications, applications and market trends, and with the use of SWOT analysis the report summarizes what the market drivers and restrains are. The report shows important product developments and tracks recent acquisitions, merges and research in the Chemical and Materials industry by the key players who are driving the market by detailing all sales, import, export and revenue figures for forecast period of 2019 to 2026.

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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

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 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.

Market Analysis: Global Footwear Sole Material Market

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.

Preview of the Report

1. To gain information about the top players in this industry, their product portfolios, and their key strategies.

2. To describe major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Global Footwear Sole Material Market and submarkets.

3. To gain information about the top players in this industry, their product portfolios, and their key strategies.

4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

5. The report offers market share appraisals for regional and global levels

Market Definition: Global Footwear Sole Material 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.

Market Drivers:

• 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

Market Restraints:

• Rising environmental awareness among consumer is driving market

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Segmentation: Global Footwear Sole Material Market

By Material

• Rubber
• Polyvinyl Chloride (PVC)
• Thermoplastic Rubber (TPR)
• Polyurethane (PU)
• Ethyl Vinyl Acetate (EVA)
• Vulcanized Rubber
• Leather

By Sole Component

• Midsole
• Insole
• Outsole

By Product

• Athletic
• Non- Athletic

By End- User

• Men
• Women
• Children

By Geography

• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

Competitive Analysis:

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 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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