The Tire Material Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Tire Material Market?
The market size of tire materials has seen considerable growth lately, with projections indicating a rise from $89.28 billion in 2024 to $94.21 billion in 2025. This transition is expected to occur at a compound annual growth rate (CAGR) of 5.5%. Historical growth trends in the Tire Material market do not feature in this data.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Tire Material Industry?
The tire material market is expected to reach a market size of $119.49 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.1%.
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What are the Key Growth Drivers Fueling the Tire Material Market?
The key drivers in the tire material market are:
• Shift towards 3D printing and customization in tire production
• Rising demand for fuel-efficient tires
• Increasing focus on tire recycling and promotion of circular economy
• Continued emphasis on the use of sustainable materials in tire manufacture
Global Market Segmentation: Identifying Major Tire Material Industry Segments
The tire material market covered in this report is segmented –
1) By Type: Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements, Textile Reinforcements, Other Types
2) By Tire Types: Solid Tire, Pneumatic Tire, Retreated Tires
3) By Vehicle Type: Two Wheelers, Rickshaws, Passenger Cars, Trucks, Buses, Utility Vehicles, Other Vehicle Types
4) By Application: Passenger Cars, Commercial Vehicles
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What are the Emerging Trends Shaping the Future of the Tire Material Market?
The key trends in the tire material market are:
• The focus on 3D printing and customization is a key trend in the tire material market.
• There is an increasing emphasis on the production of fuel-efficient tires.
• Tire recycling and the move towards a circular economy is a significant trend.
• Sustainable materials and environmental considerations are growing trends in the industry.
Who Are the Top Competitors & Leading Players in the Tire Material Market?
Major companies in the tire material market are:
• Orion Engineered Carbons LLC
• SIBUR International GmbH
• SRF LIMITED
• Exxon Mobil Corporation
• Teijin Aramid B.V.
• Birla Carbon Black Limited
• Metro Tyre & Industries Limited
• Federal Corporation Sdn Bhd
• Nokian Tyres PLC
• Bekaert Industries India Limited
• Cabot Corporation
• JSR Corporation
• Kuraray Co. Ltd.
• LANXESS AG
• Phillips Carbon Black Limited
• PetroChina Company Limited
• Solvay SA
• Continental AG
• The Goodyear Tire & Rubber Company
• Michelin & Cie. SCA
• Bridgestone Corporation
• Sumitomo Rubber Industries Ltd.
• The Yokohama Rubber Co. Ltd.
• Hankook Tire & Technology Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the tire material market share in 2024 and is expected to be the fastest-growing region in the forecast period
