An exciting new study from the team of Lucintel found that footwear sole material market is expected to reach $21.1 billion by 2027 with a CAGR of 4.5%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The footwear sole material market is segmented based on material, sole component, product, end user, and region. In this market, women footwear is expected to remain the largest end user, and PVC segment is expected to remain the largest material. Players can benefit from the available opportunities like rising population, growing disposable income, and increasing sports activities.
The development of fusion of plastic with other sole materials, and shifting of footwear manufacturers from China to South East Asia are emerging trends having impact on dynamics of the industry.
Dow Chemicals, Solvay S.A, BASF Corporation, Huntsman Corporation, Braskem S.A are some of the major players profiled in this 255 page report.
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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 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?
This unique report from Lucintel 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]
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.