Over the forecast period, an increase in the disposable income of middle-class families is expected to drive the market growth of footwear sole materials. Increasing industrialization and urbanization in the developing world have resulted in an increase in disposable income, which is expected to fuel demand for footwear over the forecast period.
Increased consumer participation in sports and fitness-related activities as a result of rising health-consciousness is expected to fuel the growth of the footwear sole material market. Consumer preferences for outdoor activities such as hiking, running, and cycling are also contributing to the growth of footwear sole materials.
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Source:
https://www.coherentmarketinsights.com/market-insight/footwear-sole-material-market-3848
