Footwear Materials Market Overview

Footwear Materials Market size is forecast to reach $95.5 billion by 2026, after growing at a CAGR of 2.1% during 2021-2026 due to increasing demand for athletic and non-athletic shoes for outdoor activities. For instance, the Athletics Federation of India (DFI) announced its support for the World Athletics campaign in April 2021. 

This campaign aimed to raise demand for shoes by raising awareness about athletic activities. As a result, it is projected that the need for footwear materials will rise. Additionally, footwear materials such as leather, rubber, fabric, plastic, and others are used to manufacture sports shoes, running shores, and others due to their comfortability and durability.

 On the other hand, polyvinyl chloride, polyurethane, and ethyl vinyl acetate are basic materials which are used in the manufacturing of sole because it offers excellent flexibility and durability. Thus, increasing consumption of thermoplastic rubber in the manufacture of shoes is expected to grow the footwear materials industry.