Footwear Sole Material Market, Global Outlook and Forecast 2024-2030

The "Global Footwear Sole Material Market" was valued at US$ 2317.50 million in 2024 and is projected to reach US$ 2832.32 million by 2030, at a CAGR of 3.4% during the forecast period.

The global footwear market is significantly influenced by the footwear sole material sector, which produces a wide range of materials used to make the soles of boots, sandals, and shoes. Rubber, thermoplastic elastomers (TPE), polyurethane (PU), ethylene-vinyl acetate (EVA), and leather are the main components; each provides unique qualities such resilience, flexibility, cushioning, and water resistance. As consumers' knowledge of the environment grows, the sector has seen substantial innovation and a growing emphasis on sustainability and eco-friendly materials. Technological developments have also resulted in the creation of lighter, more comfortable, and performance-focused sole materials, which serve a variety of market niches including formal, casual, and athletic footwear.

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The dynamics of the market are also being shaped by the growth of e-commerce and the changing preferences of consumers towards personalisation and customisation. Major competitors in the market are concentrating on strategic alliances, differentiating their products, and growing their geographic reach to take advantage of new markets, especially in Asia-Pacific, where the demand for footwear is driven by urbanisation and rising disposable incomes. All things considered, the market for shoe sole materials is expected to expand due to changing customer preferences, technology breakthroughs, and a growing emphasis on sustainability.

Segmental Analysis

Rubber to hold the highest market: By Material Type

In terms of Material type the global footwear soles market has been segmented as Rubber, Polyurethane (PU), Polyvinyl Chloride (PVC), Ethylene Vinyl Acetate (EVA), Leather, Thermoplastic Rubber (TPR), Others (Bioresins, etc.)

Rubber has the largest market share of all the different kinds of shoe sole materials because of its adaptability, toughness, and performance qualities. Rubber soles are perfect for a variety of footwear applications, including athletic shoes, formal and casual shoes, and shock absorption and wear resistance. The increased need for high-performance and long-lasting footwear, particularly in the sports and outdoor segments, has further reinforced rubber's popularity. Its appeal has also increased as a result of technological developments in rubber, such as the creation of eco-friendly and lightweight rubber compounds. Due to its cushioning qualities and lightweight design, polyurethane (PU) and ethylene vinyl acetate (EVA) also hold sizable market shares, especially in sports and casual footwear, However, rubber's established position, coupled with its ongoing innovations and adaptability to various market trends, solidifies its dominance in the footwear sole material market.

Outsole to hold the highest market: By Sole Type

In terms of Sole type the global footwear soles market has been segmented as Outsole, Midsole, and Insole

The outsole category has the largest market share in the global footwear sole market. With their vital roles of traction, toughness, and wear-and-tear resistance, outsoles are an integral part of footwear. Rubber, polyurethane, and thermoplastic rubber are among the materials used to make high-quality outsoles, which are in high demand as customers place a greater emphasis on durability and performance in footwear. Because these markets need durable and dependable sole materials to improve user experience, outsoles play an even more significant role in athletic, outdoor, and casual footwear.

Despite its importance, the comfort, cushioning, and support-focused midsole and insole segments typically do not command the same degree of market share as outsoles. It is anticipated that the trend towards multipurpose footwear, in which outsoles integrate cutting-edge technology for enhanced performance, will maintain outsoles' dominant position in the market.

Regional Overview

The regional analysis of the global footwear sole material industry reveals significant variations in market dynamics driven by economic, cultural, and consumer behavior factors. North America and Europe are prominent markets, characterized by high disposable incomes, advanced technological innovations, and strong demand for performance-oriented footwear. The emphasis on sustainability and eco-friendly materials is also pronounced in these regions, leading to a growing interest in alternative sole materials like bio-based resins.

On the other hand, the Asia-Pacific area is expanding quickly due to factors including growing middle class, rising disposable incomes, and increased urbanisation. Demand for a wide variety of footwear options is rising in countries like China and India, especially among younger customers. Because of the more favourable government policies and cheaper labour costs, this region is likewise growing as a manufacturing hub, drawing large businesses to set up production facilities.

The growing markets of Latin America and the Middle East and Africa have substantial development potential. The growing trend of athletic and casual footwear in Latin America is fuelling the need for novel sole materials. Infrastructure and retail investments are rising throughout the Middle East and Africa, which is helping to expand the industry. All things considered, the Asia-Pacific area is predicted to lead future expansion, propelled by changing consumer preferences and growing economic prospects, while North America and Europe will continue to be established markets.

Competitive Analysis

Covestro
Dow
Huntsman Corporation
BASF
Solvay
Braskem
Finproject Group
Wanhua Chemical Group
Coim Group
Lanxess
Ineos
LG Chem
Reliance Industries
Other Key Players
The footwear sole material industry's competitive analysis identifies a number of important competitors and trends that are reshaping the market. Prominent corporations like as Dow Chemical Company, Vibram S.p.A., EVA Group, Hexpol AB, and BASF SE are leading the way in this regard, capitalising on their broad product lines and technological know-how to stay ahead of the competition. These businesses make significant investments in R&D to produce novel and cutting-edge materials that improve the functionality, comfort, and sustainability of footwear.

An important development in the competitive environment is the emphasis on eco-friendly products and sustainability. In an effort to satisfy the increasing demand from consumers for items that are ecologically friendly, numerous businesses are investigating water-based adhesives, recycled materials, and bio-based resins. This change helps businesses comply with ever-tougher regulations while also helping them match customer preferences.

Recent Development

September, 23, 2021, In order to improve the cushioning in Hotter's casual shoes, Hotter and BASF worked together to add Infinergy, Expanded Thermoplastic Polyurethane (E-TPU). Because of the remarkable cushioning produced by the combination of Hotter's cushion plus technology and BASF's Infinergy, the brand was able to expand into both formal and casual footwear.

Dow disclosed plans to increase material capacity in order to support the growth of its Consumer Solutions business. These initiatives demonstrate Dow's dedication to supplying the increasing demand for materials, which could have an effect on a number of industries, including the production of shoes.

End Use Analysis

The footwear sole material industry's end-user analysis identifies a wide variety of consumer segments, each with unique requirements and preferences. Sports, fitness, and outdoor activities are becoming more and more popular, and athletic footwear is still one of the biggest end-user markets. Durability, flexibility, and shock absorption are top priorities for consumers in this market, therefore materials like rubber, EVA, and polyurethane are especially crucial. New developments in sole technology, such improved cushioning and traction, have a big impact on consumer choices.

The footwear sole material industry's end-user analysis identifies a wide variety of consumer segments, each with unique requirements and preferences. Sports, fitness, and outdoor activities are becoming more and more popular, and athletic footwear is still one of the biggest end-user markets. Durability, flexibility, and shock absorption are top priorities for consumers in this market, therefore materials like rubber, EVA, and polyurethane are especially crucial. New developments in sole technology, such improved cushioning and traction, have a big impact on consumer choices.

Another significant end-user market is casual and lifestyle footwear, where buyers look for price, style, and comfort. PVC and thermoplastic rubber (TPR) are two materials that are frequently utilised because of their affordability and adaptability. This section continues as at leisure trends continue to blur the distinction between casual and sports attire.

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Industry Dynamics

Industry Trend

Sustainability and Eco-friendly Material

The footwear sole material industry is witnessing several significant trends that are shaping its future. One of the most prominent trends is the shift towards sustainability and eco-friendly materials. With growing consumer awareness of environmental issues, there is increasing demand for footwear made from recyclable, biodegradable, and bio-based materials. Companies are innovating with alternatives like bioresins, recycled rubber, and water-based adhesives to reduce their environmental impact and meet stringent regulatory standards.

Lightweight and performance-enhancing materials are another key trend, particularly in the athletic and outdoor segments. Materials such as ethylene-vinyl acetate (EVA), thermoplastic elastomers (TPE), and advanced rubbers are being used to create soles that offer superior flexibility, cushioning, and energy return, enhancing overall footwear performance. This trend is driven by consumers' desire for comfort and functionality, especially in sports and activewear.

Industry Drivers

Increasing demand for athletic and performance footwear

The industry for footwear sole materials is expanding due to a number of important factors. The growing need for performance and athletic footwear is one of the main factors. Footwear with improved comfort, cushioning, flexibility, and durability is becoming more and more necessary as customers become more health-conscious and active. The need for cutting-edge materials that improve the performance of athletic shoes, such as rubber, polyurethane, and ethylene-vinyl acetate (EVA), has increased as a result.

The growing popularity of sustainability and eco-friendly customer preferences is another significant factor. Growing environmental consciousness among consumers and authorities is driving the usage of sustainable and biodegradable materials in the footwear industry. This is pushing the industry towards more sustainable practices by incentivising producers to invest in recycled rubber, bio-based polymers, and other environmentally acceptable substitutes.

The fact that shoes continue to be a major component of fashion trends is another major factor contributing to the expansion of the global fashion business. Customers' desire for distinctive, fashionable, and cosy footwear is spurring advancements in sole materials that strike a balance between practicality and aesthetics. The need for adaptable and cosy footwear is being further fuelled by the increased popularity of casual and athleisure clothing.

Industry Restraint

Volatility in Price of Raw Material

The footwear sole material market is expanding, but there are a number of obstacles. The price volatility of raw materials is a major concern, especially for synthetic materials generated from petrochemicals such as thermoplastic elastomers (TPE), ethylene-vinyl acetate (EVA), and polyurethane (PU). Price fluctuations for crude oil and disruptions in the supply chain can raise production costs, which can squeeze manufacturers' profit margins and make products less affordable for consumers.

The growing regulatory push for environmental sustainability is another important limitation. The usage of non-biodegradable and environmentally hazardous materials, such as some polymers and synthetic chemicals used in shoe soles, is subject to stricter laws from many governments. In order to create environmentally friendly substitutes, businesses must spend money on research and development (R&D), which can increase operating expenses and slow down production. Smaller manufacturers may find it difficult to comply with these strict regulations since they lack the means to do so.

Report Scope

The report includes Global & Regional market status and outlook for 2017-2028. Further, the report provides breakdown details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by Types, Sole type, Application, End Use Industry, Installation. The report also covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin 2017-2028 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

By Type

Rubber
Polyurethane (PU)
Polyvinyl Chloride (PVC)
Ethylene Vinyl Acetate (EVA)
Leather
Thermoplastic Rubber (TPR)
Others (Bioresins, etc.)

By Sole Type

Outsole
Midsole
Insole

By Application

Casual Footwear
Sports Footwear
Work and Safety Footwear
Fashion Footwear
Others (Orthopedic, etc.)

By End Use Industry

Men
Women
Children
Region Covered

Key Market Players

Report Coverage

Outline of Major Chapters:

Chapter 1: Introduces the definition of Footwear Sole Material, market overview.

Chapter 2: Global Footwear Sole Material market size in revenue and volume.

Chapter 3: Detailed analysis of Footwear Sole Material manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Footwear Sole Material in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Footwear Sole Material capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

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Table of content
1 Introduction to Research & Analysis Reports
1.1 Footwear Sole Material Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Footwear Sole Material Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Footwear Sole Material Overall Market Size
2.1 Global Footwear Sole Material Market Size: 2023 VS 2030
2.2 Global Footwear Sole Material Revenue, Prospects & Forecasts: 2019-2030
2.3 Global Footwear Sole Material Sales: 2019-2030
3 Company Landscape
3.1 Top Footwear Sole Material Players in Global Market
3.2 Top Global Footwear Sole Material Companies Ranked by Revenue
3.3 Global Footwear Sole Material Revenue by Companies
3.4 Global Footwear Sole Material Sales by Companies
3.5 Global Footwear Sole Material Price by Manufacturer (2019-2024)
3.6 Top 3 and Top 5 Footwear Sole Material Companies in Global Market, by Revenue in 2023
3.7 Global Manufacturers Footwear Sole Material Product Type
3.8 Tier 1, Tier 2 and Tier 3 Footwear Sole Material Players in Global Market
3.8.1 List of Global Tier 1 Footwear Sole Material Companies
3.8.2 List of Global Tier 2 and Tier 3 Footwear Sole Material Companies
4 Sights by Product
4.1 Overvi

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