The global Footwear Materials market is expected to develop US$ 19,329.78 Million by 2028, at a compound annual increase in price (CAGR) of 5.1% throughout the forecast period.
Earlier, footwear materials market share 2017 was approximately USD xxx.xx Million. The up surge of market is recorded as footwear is becoming an essential fashion accessory. The demand for comfortable and trendy footwear among each and every age groups coupled with higher participation of people in sports activities is driving the market growth. Increased awareness concerning health and changing lifestyle drive the demand for athletic shoes among non-sportspeople as well. Growing population, higher variety of products and increased disposable income contribute well to the global footwear materials market.
Geographically, the global footwear materials market is segmented into Europe, Asia-Pacific, North America and LAMEA. Asia-Pacific recorded as highest revenue earning global footwear industry. China stands largest in terms of manufacturing, consuming and exporting the footwear. India and China are the major producers of footwear across the globe and they export hugely to other regions like United States and United Kingdom
Footwear materials market is segmented on the basis of product, which have two categories including non-athletic and athletic footwear. Athletic footwear segment has sub-division that includes soccer/football shoes, running and cross training shoes, hiking shoes, and others. While the non-athletic footwear segment has further classification that includes military boots, casual footwear, and others. Dominating footwear would be non-athletic ones in the near future. In 2016, non-athletic segment accounted a value of approx xx% of the total revenue of the market. Further segmentation, based on footwear material, there are three categories which includes Leather, Plastic, Rubber and Others.
Latest trend of leather footwear industry is using alternatives that don’t involve killing of animals. These are derived from plant based family with earthy options of palm, mushroom, fruit and pineapple. For instance, Pinatex is derived with help of pineapple leaves and muskin made from mushroom skins, replace leather well. It is durable, soft, anti-bacterial and breathable.
Than that, companies that are leading the global footwear materials market are Hansa Group AG, Garrett Leather Corp, Tigar Corporation, .K. Leather Manufacture Co., Ltd., Ames Rubber Manufacturing Company, Inc., Townsend Leather Company, Inc., J Hewit & Sons Ltd, Tigar Corporation, Berger Company, Inc., ARoyal Rubber Company Inc., etc.
In April 2015, PUMA introduced a lightweight football shoes that feature Japanese dragon Graphics. This launch enabled the company to attract higher customers. The shoe industry achieved new s amidst of the competitive landscape. In an attempt to promote better, companies collaborate with international sports platforms. Similarly in 2014, Adidas collaborated with Manchester United for promoting their products among football teams. This platform reinforced Adidas brand image internationally.
Footwear Materials Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||US$ 19,329.78 Million|
|Growth Rate||CAGR of 5.1 % during 2021-2028|
|Segment Covered||Application Areas, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||3M Company, Asahi Kasei Corporation, Compagnie de Saint-Gobain S.A., DowDuPont, Evonik Industries AG, Henkel AG & Co. KGaA, PPG Industries Inc., Shin-Etsu Chemical Co., Ltd., and The Sherwin-Williams Company (Selection)|
Key segments of the global Footwear Materials market
Application Areas 2018-2028 (USD Million)
• Electrical & Electronics
• Health Care & Cosmetics
Other Applications 2018-2028 (USD Million)
• Silicone Types Silicone Elastomers
• Silicone Oils
• Silicone Resins
Regional Overview, 2018-2028 (USD Million)
• North America
o Rest of Europe
o Southeast Asia
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
• Central & South America
o Rest of South America