Braskem, Dow and The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway) are Dominating the South America Footwear Sole Material Market in 2019

South America Footwear Sole Material Market is expected to grow with the CAGR of 4.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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South America footwear sole material market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in South America footwear sole material market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In September 2020, Huntsman International LLC has launched a new product with 100% recyclable sole material of shoe with the use of 3D printing. The company had identified how the effect of footwear can affect the posture and joints on health. Thus, the concept of healthy shoes came. The company is using TPU materials which provides easy comfort and can be recyclable easy, so as to provide good customer satisfaction.
  • In October 2018, Solvay has done partnership with Jubail, a company based in Saudi Arabia for the production of propylene oxide (PO) which is the main ingredient for the production of polyurethane. Polyurethane demand is growing because of its applications in vast industries such as automotive, furniture and others. The new business plant will help Solvay to meet production capacity for the customers of Middle East.

Braskem is dominating the market and the other players in the market include are The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway), Wanhua Chemical Group Co., Ltd., Huntsman International LLC., Coim Group, Solvay, BASF SE, Dow, Covestro AG, Asahi Kasei Corporation, Era Polymers Pty Limited, and Ingevity among others.

Braskem

Braskem is headquartered in Sao Paulo, Brazil which was founded in 2002 as public owner ship. The company is the largest producer of thermoplastic resins in the Americas and the largest producer of polypropylene in the United States. Its production is focused on polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC) resins, in addition to basic chemical inputs such as ethylene, propene, butadiene, benzene, toluene, chlorine, soda and solvents, among others. Together, it makes up one of the most complete portfolios on the market, as it also includes green polyethylene, produced from 100% renewable sugarcane. The company have business segment Biopolymers, Polyolefins, Vinyls, Basic Chemicals, Solvents, Specialties, PCR in which Biopolymers, Polyolefins is our focused category. The company have wide product category such as Stickers, Erasers, Agribusiness, Construction, Automotive Industry, Lubricants, Retail, Paints, Polyethylene (PE), Polypropylene (PP) or ethylene vinyl acetate resins out of which our focused product category is Polyethylene (PE), Polypropylene (PP) or ethylene vinyl acetate resins. The company has approximately 8,000 employees (As on 2019).

The company has wide global presence across the globe such as America, Europe, and Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such as Cetrel S.A.(Brazil), Ipiranga Química Armazéns Gerais Ltda.(Brazil), Braskem Netherlands BV (Netherlands), Braskem America Inc (US), Braskem Idesa S.A.P.I. (Mexico) among others.

For instance,

  • 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.

The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway)

The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway) is headquartered in Ohio, U.S. and it was founded in year 1928 as private ownership. The company is engaged in providing high quality products from complex specialty chemicals and making the products environment friendly. The company offers wide range of product categories such as Beauty and Personal Care, Chlorinated Applications, Coatings, CPVC Piping Systems, Electronics, Engineered Polymers (TPU), Health, Home Care, Lubricant and Fuel Additives, Oilfield and Refinery and Water Treatment under which Electronics, Engineered Polymers (TPU) is market focused category. The company has approximately 8,800 employees (As on 2019).

The company has presence in a U.S., Belgium, India, China, U.K., South America and Singapore with its various subsidiaries such as Lubrizol Advanced Materials (U.S.), Lubrizol Additives (U.S.), Lubrizol Advanced Materials Europe BVBA (Belgium), Lubrizol Advanced Materials Asia Pacific, Inc. (China), Lubrizol India Private Limited (India), Lubrizol Southeast Asia (Pte) Ltd. (Singapore), and Lubrizol Limited (U.K.).

For instance,

  • In July 2018, The Lubrizol Corporation launched new products namely estane TRX TPU and BounCell-X for 3D print of footwear market. This development has helped the company to increase its revenue and product portfolio.

Dow

Dow is headquartered in Michigan, U.S. and founded in 1897 as public ownership. The company is engaged in the manufacturing of chemicals products which are innovative and used in the various industries for the production of finished goods. The company have business segment Additives and Modifiers, Adhesives and Sealants, Amines and Chelates, Conductive Materials, Elastomers and Plastomers, Emulsions, Fluids, Blends and Dispersions, Foam Control Agents, Gels, Encapsulants and Conformal Coatings, Lubricants, Heat Transfer and Deicing Fluids, Monomers, Optical Materials, Plastics Additives, Polyethylene, Polyurethanes, Release Coating Systems and Agents, Resins, Binders and Film Formers, Silanes and Siliconates, Solvents and Glycols, Speciality Polymers and Compounds, Surfactants, Emulsifiers and Polyglycols, Waxes and Powders out of which focused business segment is Polyurethanes. The company has product category which are Agriculture, Feed and Animal Care, Automotive and Transportation, Beauty and Personal Care, Building, Construction and Infrastructure, Chemical Manufacturing and Industrial, Consumer Goods and Appliances, Electronics, Films, Tapes and Release Liners, Food and Beverage, Healthcare and Hygiene, Home Care, Industrial and Institutional, Cleaning, Oil, Gas and Mining, Packaging, Paints, Inks and Coatings, Power, Water and Telecommunications, Pulp and Paper, Textiles, Leather and Nonwovens, Textiles, Leather and Nonwovens/Synthetic, Leather Manufacturing out of which Consumer Goods and Appliances is market focused segment. The company has approximately 36,500 employees (As on 2019).

The company has wide global presence in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. The company also earn from several subsidies such as Rohm and Haas (U.S.), Dow Corning (U.S.), Dow Chemical Korea Ltd (Korea), Dow Holdings LLC (U.S.), ANGUS Chemical Company (U.S.), Chemars III LLC (U.S.), and Dow Deutschland Inc (U.S.) among others.

For instance,

  • In August 2020, Dow is working on digital transformation across its business operations with the help of artificial intelligence to make good business processes and focus on innovation for new product development. The main focus will be on customer centricity through this initiative in the market.