South America Footwear Sole Material Market to 2032

Overview

The South America Footwear Sole Material Market is expected to reach a 2.08 USD Billion by 2032 and is projected to grow at a CAGR of 5.53% from 2025 to 2032.

Revenue, 2024 (USD Billion)

1.43

Forecast, 2032 (USD Billion)

2.08

CAGR, 2024 - 2032

5.53%

Report Coverage

South America

South America Footwear Sole Material Market 2018-2032 USD Billion

South America Footwear Sole Material Market , Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 1.43 USD Billion
Projected Market Size (2032): 2.08 USD Billion
CAGR (2025-2032): 5.53%

Key Findings of South America Footwear Sole Material Market

The South America Footwear Sole Material Market was valued at 1.43 USD Billion in 2024.
The South America Footwear Sole Material Market is likely to grow at a CAGR of 5.53% during the forecast period of 2024 to 2032.
In 2024, the Largest segment New Soles in Sole Segment accounted for the largest share of the market with a revenue of 1.23 USD Billion
The fastest growing segment Men in End-User Segment grew Fastest with a CAGR of 5.91% during the forecast period from 2024 to 2032.

South America Footwear Sole Material Market Scope

South America Footwear Sole Material Market Segmentation & Scope

Product

Bio-Materials
PVC
EVA
SBS/Thermoplastic Elastomeric Block Copolymers
Rubber
Polyurethane

Application

Non-Athletic
Athletic

End-User

Kids
Women
Men

Sole

Repair Soles
New Soles

Sole Components

Outsole
Innersole

South America Footwear Sole Material Market Data Coverage Insights

Study Period	2024-2032
Base Year	2023
Unit	Revenue in USD Billion
Market Value in 2024	1.43 USD Billion
Market Value in 2032	2.08 USD Billion
CAGR (2025-2032)	5.53%
Historic Data	2016-2023
Market Segments Covered	Product,Application,End-User,Sole ,Sole Components

Regional Insights:

Leading Market (2024-2032): South America, leading in terms of revenue 1.43 USD Billion in 2024
- Key Country: Brazil, leading in terms of revenue with value of 689.18 USD Million in 2024.

Segments and Scope

South America Footwear Sole Material Market to 2032, By Product
- Polyurethane is the largest segment in South America Footwear Sole Material Market to 2032 with a revenue of 657.53 USD Billion in the year 2024.
- Polyurethane is the Fastest growing segment in South America Footwear Sole Material Market to 2032 with a Growth rate of 5.82 % in forecast period 2025-2032.
South America Footwear Sole Material Market to 2032, By Application
- Athletic is the largest segment in South America Footwear Sole Material Market to 2032 with a revenue of 816.69 USD Billion in the year 2024.
- Athletic is the Fastest growing segment in South America Footwear Sole Material Market to 2032 with a Growth rate of 5.80 % in forecast period 2025-2032.
South America Footwear Sole Material Market to 2032, By End-User
- Men is the largest segment in South America Footwear Sole Material Market to 2032 with a revenue of 683.30 USD Billion in the year 2024.
- Men is the Fastest growing segment in South America Footwear Sole Material Market to 2032 with a Growth rate of 5.91 % in forecast period 2025-2032.
South America Footwear Sole Material Market to 2032, By Sole
- New Soles is the largest segment in South America Footwear Sole Material Market to 2032 with a revenue of 1.23 USD Billion in the year 2024.
- New Soles is the Fastest growing segment in South America Footwear Sole Material Market to 2032 with a Growth rate of 5.62 % in forecast period 2025-2032.
South America Footwear Sole Material Market to 2032, By Sole Components
- Innersole is the largest segment in South America Footwear Sole Material Market to 2032 with a revenue of 1.01 USD Billion in the year 2024.
- Innersole is the Fastest growing segment in South America Footwear Sole Material Market to 2032 with a Growth rate of 5.58 % in forecast period 2025-2032.

South America Footwear Sole Material Market Company Share Analysis

Company Name
BASF SE
Asahi Kasei Corporation
Covestro AG
Dow
Huntsman International LLC

South America Footwear Sole Material Market Geographical Sales Distribution, 2018-2032 USD Billion

South America Footwear Sole Material Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the South America Footwear Sole Material Market ?

The South America Footwear Sole Material Market is segmented based on Segmentation Product,Application,End-User,Sole ,Sole Components.

What is the current market size of the South America Footwear Sole Material Market ?

South America Footwear Sole Material Market was valued at USD 1.43(Revenue in USD Billion) in 2023.

What is the expected growth rate of the South America Footwear Sole Material Market ?

South America Footwear Sole Material Market is projected to grow at a CAGR of 5.53% during the forecast period of 2024 to 2032.

Which is the dominating segment in the South America Footwear Sole Material Market ?

The New Soles segment is expected to dominate the South America Footwear Sole Material Market , holding a largest market share of 1.23 USD Billion in 2024