Lucintel Forecasts Footwear Sole Material Market To Reach $16 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the Footwear Sole Material Market is projected to reach an estimated $16 billion by 2030 from $13 billion in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by rise in footwear production and growth in consumer spending.
Browse 179 figures/charts and 162 tables in this 255-page report to understand trends, opportunities and forecast in footwear sole material market by material (rubber, PVC, TPR, PU, EVA, vulcanized rubber, leather, and others), by sole component (midsole, insole, and outsole), by product (athletic and non-athletic), by end user (men, women, and children) and by region (North America, Europe, Asia Pacific, and Rest of the World).
PVC is expected to be the largest material by value and volume because it provides the best synthetic alternative to traditional leather with more cost-effective options for sole manufacturing. EVA is expected to witness highest growth over the forecast period.
Midsole is expected to be the largest sole component by value and volume.
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... Asia Pacific is expected to remain the largest region and it is also expected to witness highest growth over the forecast period due to rising population, growing disposable income, and increasing sports activities.
Major players of footwear sole material market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Dow Chemicals, Solvay S.A, BASF Corporation, Huntsman Corporation, Braskem S.A are among the major footwear sole material providers.
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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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