Press release
Global Footwear Sole Material Market Poised to Hit US$ 23,574.3 Million by 2024
The report, “Footwear Sole Material Market: Global Industry Analysis and Forecast, 2016–2024” gauges the market and predicts the future demographic and climactic changes of the market. The report reveals that the out sole segment will dominate more than 45% market share and will surge at a CAGR of 3.9% by the end of the forecast period (2016 – 2024). The present estimated value of the global footwear sole material market is more than US$ 17,000 Mn and the market will grow at a CAGR of 4.1% to touch US$ 23,574.3 Mn by the end of 2024.Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/footwear-sole-material-market/toc
Global Footwear Sole Material Market: Dynamics
The global population has reached around 7.5 billion and is expected to steadily rise over the forecast period. Rising population has created a great demand for consumer goods and the footwear industry is expected to benefit from it. The need for comfortable, trendy and branded footwear among all age groups will propel the global footwear sole material market. Growth of the footwear manufacturing industry, especially in emerging economies such as India and China, is expected to be the key factor driving the demand for footwear sole material. Industrialization and rapid urbanization in developing countries are the external factors that will lead to a rise in disposable income, which in turn, is likely to result in high demand for footwear over the forecast period. The increase in average salary in developing countries has resulted in significant rise of middle class population. This is another factor which is expected to fuel the footwear industry. Participation of women in sports has increased during the last decade. Competitive sports is becoming popular and more people are willing to become professionals. As a result of such activities, demand in the global footwear market is expected to increase significantly over the forecast period. These factors will boost the growth of the global footwear sole material market.
Global Footwear Sole Material Market: Forecast
Several positive changes are expected to fuel value and volume growth of the global footwear sole material market. Among material types, the leather segment will play a pivotal role in building market revenue. The leather segment is expected to occupy a major share of the global footwear sole material market. The report hints that the leather segment will account for a value share of over 55% in the global footwear sole material market and register a CAGR of 3.8% during the forecast period. By product type, the athletic footwear segment will garner significant revenue share within the forecast period. As per the report, this segment is estimated to account for more than 50% of the market value share by the end of the forecast period.
Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/14764
Amongst the major markets Asia Pacific will show promising results within the forecast period, registering a CAGR of 4.3%. Sales revenue in the European region will increase at a CAGR of 3.9%. The markets in the Latin American region will remain fertile and vibrant during the forecast period.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/14764
Global Footwear Sole Material Market: Competitive Landscape
Some of the key market players who have been profiled in the global footwear sole material market report are Nike Inc., Adidas AG, Bata India Limited, Puma SE, Columbia Sportswear Company, The Dow Chemical Company, Huntsman Corporation and BASF SE.
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.
PMR stands committed to bringing more accuracy and speed to clients business decisions. From ready-to-purchase market research reports to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Footwear Sole Material Market Poised to Hit US$ 23,574.3 Million by 2024 here
News-ID: 595524 • Views: …
More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…

Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…

Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…

Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Material
Firestop Material Market
LOS ANGELES, United States: The global Firestop Material market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Firestop Material market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and…
New Material Direction for Electric Toothbrushes - Si-TPV Soft Over Molded Mater …
When it comes to factors such as consumer experience or ergonomics, Si-TPV Soft Over Molded Material has had a huge impact on the improvement of various products such as electric toothbrushes, etc. Si-TPV is a Silicone Combine TPU developed and produced by SILIKE, a Thermoplastic Elastomer Manufacturer (Thermoplastic Elastomer Suppliers). Si-TPV material adopts Innovative Soft Slip Technology and Sustainable Overmolding Techniques, which can be used to make Stain Resistance Soft…
A new light on a misjudged material - Plastic waste: material for art
Used plastic bottles are not waste, but a valuable resource. They can be reprocessed in a variety of ways and transformed into new products or fresh energy. And into art. This is exactly what Ve-ronika Richterová does. The Czech artist creates fascinating sculp-tures made out of old PET bottles.
Plastic has inspired artists from the very beginning. The reason: plas-tic meets almost all technical and aesthetic requirements. It is a uni-versal…
Global Thermal Transfer Material Market, Global Thermal Transfer Material Indust …
Thermal conductivity refers as an important characteristic for several manufacturing operations. Thermal transfer properties of a variety of materials are effective in certain applications owing to natural molecular structure that allows for direct heat-transfer. Thermal transfer materials are extensively used to manufacture the heat conductive adhesive tapes, printable products and polymer sheets. These polymer sheets are utilized for barcodes, labeling, and QR code labels for retailing, logistics, and consumer goods.…
The Future of Smart Material Market Runs Through the Material Industry
Smart Materials Market is expected to garner $72.63 billion by 2022, registering a CAGR of 14.9% during the forecast period 2016-2022. Smart materials are adaptive or intelligent materials which pose intrinsic and extrinsic capabilities. These can be altered by external stimuli, such as moisture, temperature, electromagnetic field, and pressure to obtain the desired functional effects. In addition, these materials are dynamic in nature and respond to their immediate interaction environments…
Global Regenerative Artificial Skin Sales Market Research Report 2017 (Temporary …
The report "Global Regenerative Artificial Skin Sales Market Report 2017", has been prepared based on an in-depth market analysis with inputs from industry experts.
This report studies sales (consumption) of Regenerative Artificial Skin in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering
Integra Life Sciences Corporation
Mylan N.V
Johnson & Johnson…