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Footwear Materials Analysis Report ： the global Footwear Materials market size is projected to reach USD 66.56 billion by 2031
Footwear materials encompass a wide range of natural and synthetic substances used to construct shoes and other types of footwear. These materials are chosen for their properties like durability, comfort, breathability, and weather resistance. Common materials include leather, rubber, plastic, etc. each playing a role in the structure, comfort, and performance of a shoe.
According to the new market research report “Footwear Materials - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”, published by QYResearch, the global Footwear Materials market size is projected to reach USD 66.56 billion by 2031, at a CAGR of 4.4% during the forecast period.
Figure00001. Global Footwear Materials Market Size (US$ Million), 2020-2031
Source: QYResearch, "Footwear Materials - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
Figure00002. Global Footwear Materials Top 13 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)
Source: QYResearch, "Footwear Materials - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
According to QYResearch Top Players Research Center, the global key manufacturers of Footwear Materials include BASF, Dow, Coats Group, Toray, Arkema, Wanhua Chemical Group, Huafon, Anli Material Technology, Xuchuan Chemical, Hwa Ching Industry, etc. In 2024, the global top five players had a share approximately 5.0% in terms of revenue.
Market Drivers:
Advanced material science is reshaping what shoes are made of. Footwear brands and material suppliers are co-developing smart and adaptive materials that can respond to pressure, temperature, or foot motion.
The athleisure and wellness movements have transformed the footwear industry. Demand for running shoes, training sneakers, and hiking boots is rising globally, creating a surge in performance-oriented materials.
As the global population and income levels increase — particularly in Asia, Africa, and Latin America — so does the demand for shoes. This naturally drives the need for more raw materials.
Market Challenges:
While eco-friendly materials are in high demand, many of the most promising alternatives (like mycelium leather, algae foam, or bioplastics) are still expensive, low-volume, or not yet scalable.
Many core footwear materials (such as natural rubber, leather, polyurethane (PU), and EVA foams) are highly sensitive to global commodity price fluctuations.
Stricter environmental regulations around the world are increasingly affecting materials traditionally used in footwear, particularly solvent-based adhesives, PVC, chrome-tanned leather, and other petrochemical synthetics.
About The Authors
Zhang Xiong - Lead Author
Email: zhangxiongg@qyresearch.com
Zhang Xiong is a technology & market senior analyst specializing in electronics and semiconductor, home appliances, Zhang has 8 years’ experience in electronics and semiconductor and focuses semiconductor materials (lead frame, EUV Photoresists, CMP Consumables, etc.), ICs, sensors/MEMS, RF, package & testing, etc. Typical studies include home appliances (coffee machines, refrigerators, washing machines, air conditioners, etc.) He is engaged in the development of technology and market reports and is also involved in custom projects.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting (data is widely cited in prospectuses, annual reports and presentations), industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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