Opportunities in the footwear sole material market have evolved through a number of stages i.e. from leather sole to fusion of plastic sole material with other sole material. Lucintel has found the future of this market to be promising; the footwear sole material market is expected to reach $21.1 billion by 2025 with a CAGR of 4.0%. In this market, polyvinyl chloride (PVC) is the largest segment by material, whereas non-athletic is largest by product. Players can benefit from the available opportunities like rising population, growing disposable income, and increasing sports activities.
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DowDupont, Huntsman, BASF, Solvay, Braskem, Ningbo Cerrion, International Trading Co. LTD, and Metropole are some of the companies profiled in this report.
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