
Footwear Sole Material Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)
Description
The global footwear sole material market size attained a value of USD 20.29 Billion in 2024. The market is further expected to grow at a CAGR of 4.60% between 2025 and 2034, to reach a value of USD 31.81 Billion by 2034.
Key Trends in the Market
Footwear sole material refers to the materials with which the bottom portion of footwear are made. The outer sole comes into direct contact with the ground while the in sole touches the bottom of the wearers foot, and the mid sole acts as a cushioning layer in between. Footwear sole materials are integral for any type of shoe or sandal, as they protect the feet, provide cushioning, and stabilise movement when wearing the footwear.
The EMR’s report titled “Footwear Sole Material Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Material
The rubber segment, based on material, holds a healthy share of the footwear sole material market. This can be attributed to the resistance to slipping, enhanced grip, great elasticity, and excellent performance on harsh and treacherous terrains that are supported by rubber footwear sole materials. In addition, rubber soles are resistant to water, oil, mud, and various types of liquids which makes them suited for long-term wear. Meanwhile, the plastics segment is expected to attain a healthy growth in the forecast period, owing to the lightweight and resistance to wear and tear offered by the product.
Market Share by End-Consumer
Based on end-consumer, the men segment accounts for a significant share in the footwear sole material market. The growth of this segment is being driven by the growing popularity of high-end running shoes, formal footwear, and sneakers, among men. While women are major consumers of footwear, they tend to purchase footwear with simpler soles such as sandals for fashion purposes whereas men purchase footwear thicker soles for sports and activities. In the coming years, women end-consumers are expected to witness a steady growth in the market, owing to the increasing number of working women across the emerging economies and increased women participating in sports.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global footwear sole material market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Covestro AG
Covestro AG is one of the leading producers of polyurethane foams and high-performance plastic polycarbonate. It also manufactures products such as coatings, adhesives, sealants, and films, among others. Covestro AG provides expertise in advanced material solutions with high-end technologies. The company was founded in the year 2015 and is currently headquartered in Leverkusen, Germany.
Huntsman International LLC
Huntsman International LLC is a renowned chemical manufacturing company which produces and markets various commodity chemicals such as polyurethanes, propylene oxide, surfactant, and epoxy adhesive, among others. The company caters to the demands of various end use sectors including automotive and transportation, building and construction, and electronics.
BASF SE
BASF SE is one of the world’s largest chemical companies which also provides innovative solutions for the footwear sector. The company offers high-performance casual and sport footwear materials. It also produces and markets plastic products which cater to the demands of various end use sectors. BASF SE was established in the year 1865 and is headquartered in Manheim, Germany.
Other market players include Braskem, Solvay, INOAC Corporation, and Asahi Kasei Group, among others.
Key Trends in the Market
Footwear sole material refers to the materials with which the bottom portion of footwear are made. The outer sole comes into direct contact with the ground while the in sole touches the bottom of the wearers foot, and the mid sole acts as a cushioning layer in between. Footwear sole materials are integral for any type of shoe or sandal, as they protect the feet, provide cushioning, and stabilise movement when wearing the footwear.
- The increasing demand for footwear, driven by inflating per capita income, rapid development of shoe stores, rapid urbanisation, and changing lifestyles and dressing habits, are bolstering the footwear sole material market. More people worldwide are investing in footwear for fashion purposes, buying multiple shoes of different styles, designs, and types, increasing the demand for quality footwear soles.
- High-quality footwear sole material can prevent foot problems, alleviate joint pain, and improve running or sporting ability. In this regard, the increasing awareness pertaining to the quality and standard of shoe soles, is propelling the footwear sole material market.
- The thriving e-commerce sector, coupled with growing research and innovative activities aimed towards improving shoe quality and standards, is likely to be a crucial trend in the market.
- Increasing brand awareness and retention, fuelled by the expansion of social media is further boosting the demand for footwear with superior quality sole material. Over the forecast period, the anticipated increase in investments by the major footwear manufacturers towards advertising, are expected to streamline the trajectory of the footwear sole material market growth.
The EMR’s report titled “Footwear Sole Material Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Material
- Leather
- Plastics
- Rubber
- Others
- In Sole
- Mid Sole
- Out Sole
- Men
- Women
- Kids
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The rubber segment, based on material, holds a healthy share of the footwear sole material market. This can be attributed to the resistance to slipping, enhanced grip, great elasticity, and excellent performance on harsh and treacherous terrains that are supported by rubber footwear sole materials. In addition, rubber soles are resistant to water, oil, mud, and various types of liquids which makes them suited for long-term wear. Meanwhile, the plastics segment is expected to attain a healthy growth in the forecast period, owing to the lightweight and resistance to wear and tear offered by the product.
Market Share by End-Consumer
Based on end-consumer, the men segment accounts for a significant share in the footwear sole material market. The growth of this segment is being driven by the growing popularity of high-end running shoes, formal footwear, and sneakers, among men. While women are major consumers of footwear, they tend to purchase footwear with simpler soles such as sandals for fashion purposes whereas men purchase footwear thicker soles for sports and activities. In the coming years, women end-consumers are expected to witness a steady growth in the market, owing to the increasing number of working women across the emerging economies and increased women participating in sports.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global footwear sole material market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Covestro AG
Covestro AG is one of the leading producers of polyurethane foams and high-performance plastic polycarbonate. It also manufactures products such as coatings, adhesives, sealants, and films, among others. Covestro AG provides expertise in advanced material solutions with high-end technologies. The company was founded in the year 2015 and is currently headquartered in Leverkusen, Germany.
Huntsman International LLC
Huntsman International LLC is a renowned chemical manufacturing company which produces and markets various commodity chemicals such as polyurethanes, propylene oxide, surfactant, and epoxy adhesive, among others. The company caters to the demands of various end use sectors including automotive and transportation, building and construction, and electronics.
BASF SE
BASF SE is one of the world’s largest chemical companies which also provides innovative solutions for the footwear sector. The company offers high-performance casual and sport footwear materials. It also produces and markets plastic products which cater to the demands of various end use sectors. BASF SE was established in the year 1865 and is headquartered in Manheim, Germany.
Other market players include Braskem, Solvay, INOAC Corporation, and Asahi Kasei Group, among others.
Table of Contents
174 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Footwear Sole Material Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Footwear Sole Material Historical Market (2018-2024)
- 5.3 Global Footwear Sole Material Market Forecast (2025-2034)
- 5.4 Global Footwear Sole Material Market by Material
- 5.4.1 Leather
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.2 Plastics
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.2.3 Breakup by Plastic Type
- 5.4.2.3.1 EVA
- 5.4.2.3.2 PU
- 5.4.2.3.3 PVC
- 5.4.2.3.4 Others
- 5.4.3 Rubber
- 5.4.3.1 Historical Trend (2018-2024)
- 5.4.3.2 Forecast Trend (2025-2034)
- 5.4.3.3 Breakup by Rubber Type
- 5.4.3.3.1 Natural
- 5.4.3.3.2 Synthetic
- 5.4.4 Others
- 5.5 Global Footwear Sole Material Market by Sole Component
- 5.5.1 In Sole
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Mid Sole
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.5.3 Out Sole
- 5.5.3.1 Historical Trend (2018-2024)
- 5.5.3.2 Forecast Trend (2025-2034)
- 5.6 Global Footwear Sole Material Market by End-Consumer
- 5.6.1 Men
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Women
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Kids
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.7 Global Footwear Sole Material Market by Region
- 5.7.1 North America
- 5.7.1.1 Historical Trend (2018-2024)
- 5.7.1.2 Forecast Trend (2025-2034)
- 5.7.2 Europe
- 5.7.2.1 Historical Trend (2018-2024)
- 5.7.2.2 Forecast Trend (2025-2034)
- 5.7.3 Asia Pacific
- 5.7.3.1 Historical Trend (2018-2024)
- 5.7.3.2 Forecast Trend (2025-2034)
- 5.7.4 Latin America
- 5.7.4.1 Historical Trend (2018-2024)
- 5.7.4.2 Forecast Trend (2025-2034)
- 5.7.5 Middle East and Africa
- 5.7.5.1 Historical Trend (2018-2024)
- 5.7.5.2 Forecast Trend (2025-2034)
- 6 North America Footwear Sole Material Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Footwear Sole Material Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Footwear Sole Material Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Footwear Sole Material Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Footwear Sole Material Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Covestro AG
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Huntsman International LLC
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 BASF SE
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Braskem
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Solvay
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 INOAC Corporation
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Asahi Kasei Group
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Others
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