Global Footwear Sole Material Market Report 2012-2018 & 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 3, 2018--The “Footwear Sole Material Market Report: Trends, Forecast and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering.
The global footwear sole material market is expected to reach an estimated $21.0 billion by 2023 with a CAGR of 5.9% from 2018 to 2023.
The future of the global footwear sole material market looks promising with opportunities in athletic and non-athletic shoes. The major growth driver in this market is rise in footwear production and growth in consumer spending.
Emerging trends, which have a direct impact on the dynamics of the footwear sole material industry, include the development of fusion of plastic with other sole materials, and shifting of footwear manufacturers from China to South East Asia.
PVC is expected to be the largest material by value and volume and also witness the highest growth during the forecast period because it provides the best synthetic alternative to traditional leather with more cost effective options for sole manufacturing.
Within this market, non-athletic will remain the largest end use industry by value and volume due to increase in consumer purchasing power, and growing demand for casual and fashionable footwear.
Asia Pacific is expected to remain the largest region by value and volume and also witness the highest growth over the forecast period due to rising population, growing disposable income, and increasing sports activities.
Some of the footwear sole material companies profiled in this report include DowDupont, Huntsman, BASF, Solvay, Braskem, Ningbo Cerrion, International Trading Co. LTD, and Metropole.
Scope of the Report
Footwear Sole Material Market by Material (Volume (M lbs) and $M shipment analysis for 2012 to 2023):Rubber Polyvinyl chloride (PVC) Thermoplastic rubber (TPR) Polyurethane (PU) Ethyl vinyl acetate (EVA) Vulcanized rubber Leather Others
Footwear Sole Material Market by Sole Component (Volume (M lbs) and $M shipment analysis for 2012 to 2023):Midsole Insole Outsole
Footwear Sole Material Market by Product (Volume (M lbs) and $M shipment analysis for 2012 to 2023):Athletic Non-Athletic
Footwear Sole Material Market by End User (Volume (M lbs) and $M shipment analysis for 2012 to 2023):Men Women Children
For more information about this report visit https://www.researchandmarkets.com/research/hhzmtf/global_footwear?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181203005830/en/
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INDUSTRY KEYWORD: MANUFACTURING TEXTILES RETAIL FASHION
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/03/2018 01:12 PM/DISC: 12/03/2018 01:12 PM