According to a new market report published by Lucintel, the future of the global footwear sole material market looks promising with opportunities in athletic and non-athletic shoes. 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 major growth driver in this market is rise in footwear production and growth in consumer spending.
Browse 162 market data Tables and 186 Figures spread through 238 Pages and in-depth TOC on “Printed Circuit Board ” To download report brochure, please go to https://www.lucintel.com/footwear-sole-material-market.aspx and click “report brochure” tab from the menu.
In this market, rubber, PVC, TPR, PU, EVA, vulcanized rubber, leather, and others are used for footwear sole material manufacturing for material. On the basis of comprehensive research, 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.
Get PDF Brochure @ https://www.lucintel.com/footwear-sole-material-market.aspx
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. DowDupont, Huntsman, BASF, Solvay, Braskem, Ningbo Cerrion, International Trading Co. LTD, and Metropole are among the major suppliers of footwear sole material.
Lucintel, a leading global market research firm has analyzed growth opportunities in the global footwear sole material market by material, sole component, product, end user and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Footwear Sole Material Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global footwear sole material market by material, sole component, product, end user and region as follows:
By Material (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
RubberPolyvinyl chloride (PVC) Thermoplastic rubber (TPR)Polyurethane (PU) Ethyl vinyl acetate (EVA)Vulcanized rubberLeatherOthers
By Sole Component (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
By Product (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
By End User (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
By Region [Value ($ Million) from 2012 to 2023]:
This 238-page 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 click on this link https://www.lucintel.com/footwear-sole-material-market.aspx#/ or email@example.com
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.