South America Footwear Sole Material Market is Expected to Grow at 4.3% in the Forecast Period of 2020 to 2027

South America Footwear Sole Material Market is forecasted to grow at 4.3% with factors such as increase in demand for stabilized sole for foot motion products in various regions.

Footwear sole material market has shown an exceptional penetration in countries such as Brazil, Columbia and Argentina. Rise in demand for soft sole in daily wear footwear in developed countries. In developing countries, strong distribution network including multi-brand stores and online retailers is creating opportunity for the South America footwear sole material market.

Footwear Sole Material Market Scenario

According to Data Bridge Market Research, the market for footwear sole material in Brazil country has the highest market share followed by Columbia and Argentina. Market leader is Braskem which accounts an estimated market share of approximately 12% to 14% in the South America footwear sole material market. The company has gained outstanding sale through their industrial product which is protection solutions.

  • In August 2018, Braskem had launched a new renewable bio-based ethylene vinyl acetate copolymer resin (EVA) which is used in applications such as footwear, transportation and others. This new renewable product is made from sugarcane which is a sustainable innovation from Braskem. The new product provides good comfort and design. This new resin helps the company by reduction of greenhouse gases in air by storing and capturing carbon dioxide during its process of production. The development helps in enhancing the product portfolio of the company
  • In December 2018, Ingevity has purchased its Capa Product line from company namely perstorp. Capa is the global market leader for derivatives such as polyols, thermoplastics and others. According to Ingevity, Capa has increased its product portfolio and geographic diversity and has offered the potential to grow in strategic target markets.

South America Footwear Sole Material Market

Trends Impacting the Market

Now the question is which other regions Braskem, Dow and The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway) are targeting? Data Bridge Market Research has forecasted a large growth in Brazil footwear sole material market and the market leaders targeting Columbia and Argentina to be their next revenue pockets for 2020.

The footwear sole material market is becoming more competitive every year with companies such as Braskem, Dow and The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway) as they are the market leaders for footwear sole material market. Data Bridge Market Research new reports highlight the major growth factors and opportunities in footwear sole material market.

For more analysis on the footwear sole material market request for a briefing with our analysts

Footwear Sole Material Market Development

  • In November 2018, Era Polymers Pty Ltd has opened a new manufacturing facility in the U.S. The expansion has helped the company to cater to the growing demand for polymer based products for the U.S. customers to grow sales in the U.S. region.

Scope of the Footwear Sole Material Market

South America footwear sole material market is segmented on the basis of countries into the Brazil, Argentina, Colombia, Peru, Chile, Bolivia, Ecuador, Venezuela, Uruguay, Paraguay and Rest of South America.

  • All country based analysis of footwear sole material market is further analyzed based on further segmentation. On the basis of soling material, the market is segmented into polyurethane, rubber and bio-compounds. On the basis of sole component, the market is segmented into outsole and innersole. On the basis of product, the market is segmented into non athletic, athletic. On the basis of distribution channel, the market is segmented into direct sale/b2b, e-commerce, specialty stores and others. On the basis of end-user, the market is segmented into men, women and kids. On the basis of industry, the market is segmented into agriculture industry, chemical industry, construction industry, metal industry, food industries, transportation industries, security industry, mining industry, pharmaceutical industry, electronic industry and others.

To know more about the study

Key Pointers Covered in Footwear Sole Material Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness

Key Market Competitors Covered in the Report

  • The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway )
  • Wanhua Chemical Group Co., Ltd.
  • Huntsman International LLC.
  • Coim Group
  • Solvay
  • Dow
  • Covestro AG
  • Asahi Kasei Corporation
  • Era Polymers Pty Ltd
  • Braskem
  • Ingevity

Above are the key players covered in the report, to know about more and exhaustive list of footwear sole material companies, contact us

Research Methodology: South America Footwear Sole Material Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Footwear industries
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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