Footwear Sole Material Market Is Anticipated To Grow At A Cagr Of 4.0% During 2020-2025

By Author: Lucintel LLC
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The global footwear sole material market is projected to reach $21.1 billion by 2025, at a CAGR of 4.0% during 2020-2025. The growth of footwear sole material market is driven by rise in footwear production and growth in consumer spending.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the 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 the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the footwear sole material market?
Q.4 What are some changing demands of customers in the footwear sole material market?
Q.5 What are the new developments in the footwear sole material market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by ...
... key players for business growth?
Q.7 What are some of the competitive products and processes in this footwear sole material area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this footwear sole material market?
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of fusion of plastic with other sole materials, and shifting of footwear manufacturers from China to South East Asia.
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Market Segmentation:
Based on material, the footwear sole material market is segmented into rubber, PVC, TPR, PU, EVA, vulcanized rubber, leather, and others. The polyvinyl chloride (PVC) segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period because it provides the best synthetic alternative to traditional leather with more cost effective options for sole manufacturing.
Asia Pacific is expected to be the largest region during the forecast period and also witness the highest growth over the forecast period due to rising population, growing disposable income, and increasing sports activities.
Key Players in the Footwear sole material market are DowDupont, Huntsman, BASF, Solvay, Braskem, Ningbo Cerrion, International Trading Co. LTD, and Metropole.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/footwear-sole-material-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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