Footwear Sole Materials Market

By Material Type;

Rubber, Polyurethane, Thermoplastic Rubber, Ethylene Vinyl Acetate, Leather and Others

By Sole Component;

Midsole, Insole and Outsole

By Distribution Channel;

Online Stores, Supermarkets/Hypermarkets, Specialty Stores and Others

By Application;

Athletic Shoes, Casual Shoes, Work & Safety Shoes and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn795379524 Published Date: August, 2025 Updated Date: September, 2025

Footwear Sole Material Market Overview

Footwear Sole Material Market (USD Million)

Footwear Sole Material Market was valued at USD 3,034.84 million in the year 2024. The size of this market is expected to increase to USD 4,102.42 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.


Footwear Sole Materials Market

*Market size in USD million

CAGR 4.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.4 %
Market Size (2024)USD 3,034.84 Million
Market Size (2031)USD 4,102.42 Million
Market ConcentrationHigh
Report Pages384
3,034.84
2024
4,102.42
2031

Major Players

  • Nike, Inc
  • Adidas AG
  • Puma SE
  • Under Armour, Inc
  • New Balance Athletic Shoes, Inc
  • ASICS Corporation
  • Converse Inc
  • VF Corporation
  • Wolverine World Wide, Inc
  • Deckers Outdoor Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Footwear Sole Materials Market

Fragmented - Highly competitive market without dominant players


The Footwear Sole Materials Market is undergoing a significant transformation driven by demand for comfort, performance, and eco-friendly solutions. Consumer interest in lightweight soles has increased by nearly 38%, pushing manufacturers to innovate with sustainable alternatives. This shift underscores the growing emphasis on high-quality footwear materials that enhance both function and style.

Key Drivers Enhancing Market Growth
The popularity of athleisure and lifestyle footwear continues to fuel growth, with nearly 45% of buyers prioritizing shock-absorbing soles and improved durability. The adoption of recycled and renewable components is becoming a central growth driver as companies respond to consumer expectations. This combination of performance and sustainability is setting new industry benchmarks.

Technological Advancements in Sole Design
Breakthroughs in EVA foam, rubber compounds, and polyurethane blends have revolutionized sole performance. Almost 50% of footwear launches now include advanced sole engineering, offering better energy return, flexibility, and wear resistance. These innovations are raising consumer standards while reinforcing the role of technology in shaping footwear design.

Impact of Sustainability on Market Adoption
Environmental responsibility plays a decisive role, with about 42% of consumers seeking shoes made with eco-friendly sole materials. Manufacturers are scaling up efforts in bio-based and recycled inputs to align with this demand. The rising focus on sustainability demonstrates how environmental values are influencing purchasing choices across footwear categories.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material
    2. Market Snapshot, By Sole Component
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Footwear Sole Materials Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising sports participation
        2. Growth in fashion industry
        3. Advancements in technology
        4. Increasing disposable income
      2. Restraints
        1. High raw material costs
        2. Environmental regulations
        3. Market saturation
        4. Intense competition
      3. Opportunities
        1. Emerging markets demand
        2. Eco-friendly materials trend
        3. Customization and personalization
        4. E-commerce expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Footwear Sole Materials Market, By Material, 2021 - 2031 (USD Million)
      1. Rubber
      2. Polyurethane
      3. Thermoplastic Rubber
      4. Ethylene Vinyl Acetate
      5. Leather
      6. Others
    2. Footwear Sole Materials Market, By Sole Component, 2021 - 2031 (USD Million)
      1. Midsole
      2. Insole
      3. Outsole
    3. Footwear Sole Materials Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Online Stores
      2. Supermarkets/Hypermarkets
      3. Specialty Stores
      4. Others
    4. Footwear Sole Materials Market, By Application, 2021 - 2031 (USD Million)

      1. Athletic Shoes

      2. Casual Shoes

      3. Work & Safety Shoes

      4. Others

    5. Footwear Sole Materials Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF (BASF SE)
      2. Dow (Dow Inc.)
      3. LG Chem (LG Chem Ltd.)
      4. Covestro (Covestro AG)
      5. Huntsman (Huntsman International, LLC)
      6. Wanhua (Wanhua)
      7. Coim Group
      8. Era Polymers Pty Ltd
      9. Huafeng Group
      10. INOAC Corporation
      11. LANXESS
      12. The Lubrizol Corporation
      13. OrthoLite
      14. Rogers Corporation
      15. Nike, Inc.
  7. Analyst Views
  8. Future Outlook of the Market