Footwear Sole Material Market Industry Analysis and Forecast 2030
Data Bridge Market Research analyses that the Global Footwear Sole Material Market which was USD 24.13 billion in 2022, is expected to reach USD 38.17 billion by 2030, growing at a CAGR of 5.90% during the forecast period of 2023 to 2030. Industry Analysis The essential factors contributing to the growth of the global footwear sole material market in the forecast period of 2023 to 2030 include the rise in demand for fashionable, comfortable, and convenient footwear. Also, the increasing prevalence of knee and ankle problems and increase in demand for sustainable materials is significantly contributing to the market’s growth. Consumers are increasingly eco-conscious, leading to a rising preference for eco-friendly and sustainable footwear. In 2023, the polyurethane segment will dominate the market due to increasing prevalence of knee and ankle problems and rise in demand for fashionable, comfortable, and convenient footwear. In addition to the insights on market scenarios such ...