ACCESS Newswire
23 Feb 2021, 00:43 GMT+10
DALLAS, TX / ACCESSWIRE / February 22, 2021 / 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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $21.1 billion by 2025 with a CAGR of 4% from 2020 to 2025. The major growth driver in this market is rise in footwear production and growth in consumer spending.
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.
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 2020-2025: 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 2014 to 2025):
By Sole Component (Volume (M lbs) and $M shipment analysis for 2014 to 2025):
By Product (Volume (M lbs) and $M shipment analysis for 2014 to 2025):
By End User (Volume (M lbs) and $M shipment analysis for 2014 to 2025):
By Region [Value ($ Million) from 2014 to 2025]:
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 [email protected].
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: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
Related reports
Cooling Fabrics Market:
For more details click here https://www.lucintel.com/cooling-fabric-market.aspx
MENA Synthetic Rubber Compound Market:
For more details click here https://www.lucintel.com/mena-synthetic-rubber-compound-market.aspx
Liquid Silicone Rubber Market:
For more details click here https://www.lucintel.com/liquid-silicone-rubber-market.aspx
Microfiber Market:
For more details click here https://www.lucintel.com/microfiber-market.aspx
Phenolic Resin Market:
For more details click here https://www.lucintel.com/phenolic-resin-market.aspx
Ethylene Vinyl Acetate Market:
For more details click here https://www.lucintel.com/ethylene-vinyl-acetate-market.aspx
Dope Dyed Yarn Market:
For more details click here https://www.lucintel.com/dope-dyed-yarn-market.aspx
Vinyl Ester Resin Market:
For more details click here https://www.lucintel.com/vinyl-ester-resin-market.aspx
Medical Adhesives Market:
For more details click here https://www.lucintel.com/medical-adhesive-market.aspx
Polyphenylene Market:
For more details click here https://www.lucintel.com/global-polyphenylene-market.aspx
SOURCE: Lucintel
Get a daily dose of Hawaii Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Hawaii Telegraph.
More InformationBUENOS AIRES, Argentina: The Archbishop of Buenos Aires, Jorge García Cuerva, used a major religious event over the weekend to criticize...
CIUDAD JUAREZ, Mexico: In a first-of-its-kind judicial election in Mexico, more than 5,000 candidates are vying for over 840 federal...
ZERMATT, Switzerland: Five skiers were found dead on a mountain in Switzerland near the popular ski resort of Zermatt, officials said...
TORONTO, Canada - Tens of thousands of people from across Canada have marched in support of Israel in a massive turnout in Toronto....
BOSTON, Massachusetts: U.S. President Donald Trump's administration has taken away Harvard University's right to enroll international...
WASHINGTON, DC - U.S. President Donald Trump on Monday said he believed God was behind his election loss in 2020, even though he has...
NEW YORK, New York - U.S. stocks were weaker Wednesday, following Tuesday's heady gains when the Dow Jones jumped 741 points. Bond...
SAO PAULO, Brazil: Amid a surge in electric vehicle (EV) adoption and growing competition in Brazil, Chinese automaker GAC has officially...
CHICAGO, Illinois: McDonald's is closing its experimental beverage spinoff, CosMc's, less than two years after launching the standalone...
BEIJING, China: China's Lenovo reported a steep 64 percent drop in fourth-quarter profit, falling significantly short of analyst expectations...
NEW YORK, New York - Strong economic data jump-started U.S. stocks and the dollar Tuesday, a welcome reprieve after weeks of pressure...
NEW YORK CITY, New York: This week, the U.S. Federal Trade Commission (FTC) dropped its lawsuit against PepsiCo, which had accused...