Tire Material Global Market Report 2024

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Tire Material Global Market Report 2024 – By Type( Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements, Textile Reinforcements, Other Types ), By Tire Types( Solid Tire, Pneumatic Tire, Retreated Tires ), By Vehicle Type( Two Wheelers, Rickshaws, Passenger Cars, Trucks, Buses, Utility Vehicles, Other Vehicle Types,,, By Application( Passenger Cars, Commercial Vehicles) – Market Size, Trends, And Global Forecast 2024-2033

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Tire Material Market Definition And Segments

Tire material is a type of rubber that is used in the production of tires. Tires are made from synthetic rubber, natural rubber, cloth, and steel cables, as well as carbon black and other chemical compounds.

The main types of tire materials are elastomers, reinforcing fillers, plasticizers, chemicals, metal reinforcements, textile reinforcements and others. Elastomeric refers to a polymer's rubber-like properties, i.e., the ability of a material to regain its original shape after a load is removed from it. The several types of tires are included are solid tires, pneumatic tires, and retreated tires. These are used in different vehicle types such as two-wheelers, rickshaws, passenger cars, trucks, buses, utility vehicles and others, that are applied in passenger cars and commercial vehicles.

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, By Application: Passenger Cars, Commercial Vehicles

The tire material market size has grown strongly in recent years. It will grow from $85.16 billion in 2023 to $89.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to evolution of tread compounds, discovery of silica compounds, demand for high-performance tires, development of synthetic rubber, shift to radial tires.

The tire material market size is expected to see strong growth in the next few years. It will grow to $111.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to shift towards 3d printing and customization, demand for fuel-efficient tires, increasing focus on tire recycling and circular economy, continue emphasis on sustainable materials. Major trends in the forecast period include sustainable and eco-friendly materials, advancements in nanotechnology, developing high-performance tires, focus on lightweight materials, shift towards electric and hybrid vehicles.

Surge In Motor Vehicle Production Boosts Tire Materials Market Growth

An increase in the production of motor vehicles is expected to propel the growth of the tire materials market going forward. A motor vehicle refers to any vehicle, tractor-trailer, or semi-trailer that is driven or towed by a mechanical method and is used to convey goods on roadways. Tires function to provide traction for acceleration and braking while also limiting vibration transmission to the automobile body. For instance, in April 2022, according to a report published by the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group for the automobile industry in the European Union, in 2021, 79.1 million motor vehicles were produced around the world, an increase of 1.3%. Therefore, the increase in the production of motor vehicles is driving the growth of the tire materials market.

Fuel Efficiency And Emission Reductions Propel Growth In The Tire Materials Market

The increased emphasis on fuel efficiency and reduced emissions is expected to propel the growth of the tire materials market going forward. Fuel efficiency encompasses the capacity of a vehicle or machinery to optimize the productive output for a given input of fuel or energy, while reduced emissions entail the mitigation of harmful pollutants and greenhouse gas emissions associated with diverse industrial and transportation activities. Tire materials increase reduce fuel consumption, decrease in greenhouse gas emissions and air pollutants, broader the global sustainability goals, operate vehicle fleets, improved fuel efficiency translates to significant cost savings over time. For instance, in March 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, carbon dioxide (CO2) emissions from industrial processes and the burning of energy increased by 0.9% or 321 Mt (Million Tons) in 2022 when compared to previous year. Therefore, the increased emphasis on fuel efficiency and reduced emissions is driving the growth of the tire materials market .

Major companies operating in the tire material market report are Orion Engineered Carbons LLC, SIBUR International GmbH, SRF LIMITED, Nynas AB, Exxon Mobil Corporation, PPG Industries Inc., Koninklijke Philips N.V., Teijin Aramid B.V., Umicore S.A., Birla Carbon Black Limited, Advanced Technology Group, Metro Tyre & Industries Limited, Federal Corporation Sdn Bhd, The Carlisle Companies Incorporated, Nokian Tyres PLC, Bekaert Industries India Limited, Cabot Corporation, JSR Corporation, Kuraray Co. Ltd., LANXESS AG, Phillips Carbon Black Limited, Chevron Corporation, PetroChina Company Limited, Evonik Industries AG, 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.

Eco-Friendly Tire Materials Transforming The Landscape Of The Tire Material Market

Growing popularity for eco-friendly tire materials is the key trend gaining popularity in the tire material market. Eco-friendly products typically contain recycled material gathered from a natural source. Major companies operating in the tire material market are focused on developing new eco-friendly tire product to strengthen their position. For instance, in September 2021, GRI Tires, a Sri Lanka-based manufacturer of specialty tires launched ULTIMATE GREEN XT, one of the environmentally friendly materials for handling solid tires. The ULTIMATE GREEN XT is made up of 42.8% sustainable materials, bio-sourced and recycled components, natural rubber, silica, recycled carbon black, and reclaimed rubber from old tires. This new tire consumes less energy because it has a lower rolling resistance than the current tire. Thus, using ULTIMATE GREEN XT tire on an electric forklift or an internal combustion engine forklift would result in greater energy savings which has a 26.6% lower abrasion loss, with a longer lifespan.

Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers

Major companies operating in the tire material market are focusing on innovative products such as demonstration tire comprised of 90% sustainable materials to drive revenues in their market. The 90% sustainable material demonstration tire has been approved for use on public roads and may result in fuel savings and a smaller carbon impact. For instance, in January 2023, Goodyear Tire & Rubber Company, a US-based tire manufacturing company, launched demonstration tire comprised of 90% sustainable materials. It has been demonstrated that this tire has less rolling resistance than a reference tire constructed of conventional materials, which could result in greater fuel economy and a smaller carbon footprint. With 17 highlighted ingredients spread across 12 distinct components, the tire represents a major step toward Goodyear's 2030 objective of being the first in the industry to use only sustainable materials. The demonstration tire, which uses 90% sustainable materials, intends to promote environmental sustainability and innovation in the tire business by offering better fuel savings and a lower carbon footprint .

Goodyear's Strategic Acquisition Of Cooper Tire And Rubber Company Is Enhancing Product Portfolios And Strengthening Market Presence

In June 2021, Goodyear Tire & Rubber Company, a US-based tire manufacturing company, acquired Cooper Tire & Rubber Company for an undisclosed amount. The acquisition is expected to bring together two leading tire companies with complementary product portfolios, services, and capabilities that would provide more value-added options, making it easier for customers and consumers to select Goodyear and Cooper-branded tires. Cooper Tire & Rubber Company is a US-based company specializing in the automobile and truck tires.

Asia-Pacific was the largest region in the tire material market share in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the tire material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the tire material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tire material market consists of sales of tire materials by light to medium tires including winter tires, all-season tires, all-terrain tires, mud terrain tires, high-performance tires, and run-flat tires. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The tire material market research report is one of a series of new reports from The Business Research Company that provides tire material market statistics, including tire material industry global market size, regional shares, competitors with a tire material market share, detailed tire material market segments, market trends and opportunities, and any further data you may need to thrive in the tire material industry. This tire material market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Tire Material Market Report Scope

Report Attribute	Details
Market Size Value In 2024	$89.86 billion
Revenue Forecast In 2033	$111.27 billion
Growth Rate	CAGR of 5.5% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	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,, By Application: Passenger Cars, Commercial Vehicles
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled	Orion Engineered Carbons LLC; SIBUR International GmbH; SRF LIMITED; Nynas AB; Exxon Mobil Corporation; PPG Industries Inc.; Koninklijke Philips N.V.; Teijin Aramid B.V.; Umicore S.A.; Birla Carbon Black Limited; Advanced Technology Group; Metro Tyre & Industries Limited; Federal Corporation Sdn Bhd; The Carlisle Companies Incorporated; Nokian Tyres PLC; Bekaert Industries India Limited; Cabot Corporation; JSR Corporation; Kuraray Co. Ltd.; LANXESS AG; Phillips Carbon Black Limited; Chevron Corporation; PetroChina Company Limited; Evonik Industries AG; 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.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

Table Of Contents

1. Executive Summary

2. Tire Material Market Characteristics

3. Tire Material Market Trends And Strategies

4. Tire Material Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Tire Material Market Size and Growth

5.1. Global Tire Material Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Tire Material Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Tire Material Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Tire Material Market Segmentation

6.1. Global Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Elastomers

Reinforcing Fillers

Plasticizers

Chemicals

Metal Reinforcements

Textile Reinforcements

Other Types

6.2. Global Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Solid Tire

Pneumatic Tire

Retreated Tires

6.3. Global Tire Material Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Two Wheelers

Rickshaws

Passenger Cars

Trucks

Buses

Utility Vehicles

Other Vehicle Types

6.4. Global Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Passenger Cars

Commercial Vehicles

7. Tire Material Market Regional And Country Analysis

7.1. Global Tire Material Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Tire Material Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Tire Material Market

8.1. Asia-Pacific Tire Material Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Tire Material Market

9.1. China Tire Material Market Overview

9.2. China Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Tire Material Market

10.1. India Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Tire Material Market

11.1. Japan Tire Material Market Overview

11.2. Japan Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Tire Material Market

12.1. Australia Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Tire Material Market

13.1. Indonesia Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Tire Material Market

14.1. South Korea Tire Material Market Overview

14.2. South Korea Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Tire Material Market

15.1. Western Europe Tire Material Market Overview

15.2. Western Europe Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Tire Material Market

16.1. UK Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Tire Material Market

17.1. Germany Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Tire Material Market

18.5. France Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Tire Material Market

19.9. Italy Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Tire Material Market

20.13. Spain Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Tire Material Market

21.1. Eastern Europe Tire Material Market Overview

21.2. Eastern Europe Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Tire Material Market

22.1. Russia Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Tire Material Market

23.1. North America Tire Material Market Overview

23.2. North America Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Tire Material Market

24.1. USA Tire Material Market Overview

24.2. USA Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Tire Material Market

25.1. Canada Tire Material Market Overview

25.2. Canada Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Tire Material Market

26.1. South America Tire Material Market Overview

26.2. South America Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Tire Material Market

27.1. Brazil Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Tire Material Market

28.1. Middle East Tire Material Market Overview

28.2. Middle East Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Tire Material Market

29.1. Africa Tire Material Market Overview

29.2. Africa Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Tire Material Market Competitive Landscape And Company Profiles

30.1. Tire Material Market Competitive Landscape

30.2. Tire Material Market Company Profiles

30.2.1. Orion Engineered Carbons LLC

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. SIBUR International GmbH

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. SRF LIMITED

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Nynas AB

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Exxon Mobil Corporation

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global Tire Material Market Competitive Benchmarking

32. Global Tire Material Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Tire Material Market

34. Tire Material Market Future Outlook and Potential Analysis

34.1 Tire Material Market In 2028 - Countries Offering Most New Opportunities

34.2 Tire Material Market In 2028 - Segments Offering Most New Opportunities

34.3 Tire Material Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Tire Material Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Tire Material Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Tire Material Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Orion Engineered Carbons LLC Financial Performance

Table 76: SIBUR International GmbH Financial Performance

Table 77: SRF LIMITED Financial Performance

Table 78: Nynas AB Financial Performance

Table 79: Exxon Mobil Corporation Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Tire Material Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Tire Material Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Tire Material Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Tire Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Tire Material Market, Segmentation By Type Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Tire Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Orion Engineered Carbons LLC Financial Performance

Figure 76: SIBUR International GmbH Financial Performance

Figure 77: SRF LIMITED Financial Performance

Figure 78: Nynas AB Financial Performance

Figure 79: Exxon Mobil Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the tire material market?

How will the tire material market drivers and restraints affect the tire material market dynamics? What forces will shape the tire material industry going forward?

The tire material market major growth driver - surge in motor vehicle production boosts tire materials market growth. For further insights on the tire material market, request a sample here

What is the forecast market size or the forecast market value of the tire material market ?

The tire material market size has grown strongly in recent years. It will grow from $85.16 billion in 2023 to $89.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to evolution of tread compounds, discovery of silica compounds, demand for high-performance tires, development of synthetic rubber, shift to radial tires. The tire material market size is expected to see strong growth in the next few years. It will grow to $111.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to shift towards 3d printing and customization, demand for fuel-efficient tires, increasing focus on tire recycling and circular economy, continue emphasis on sustainable materials. Major trends in the forecast period include sustainable and eco-friendly materials, advancements in nanotechnology, developing high-performance tires, focus on lightweight materials, shift towards electric and hybrid vehicles. For further insights on the tire material market, request a sample here

How is the tire material market segmented?

The tire material market is segmentedThe 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,,, By Application: Passenger Cars, Commercial VehiclesFor further insights on the tire material market, request a sample here

Which region has the largest share of the tire material market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the tire material market share in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the tire material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the tire material market, request a sample here.

Who are the major players in the tire material market?

Major companies operating in the tire material market report are Orion Engineered Carbons LLC, SIBUR International GmbH, SRF LIMITED, Nynas AB, Exxon Mobil Corporation, PPG Industries Inc., Koninklijke Philips N.V., Teijin Aramid B.V., Umicore S.A., Birla Carbon Black Limited, Advanced Technology Group, Metro Tyre & Industries Limited, Federal Corporation Sdn Bhd, The Carlisle Companies Incorporated, Nokian Tyres plc, Bekaert Industries India Limited, Cabot Corporation, JSR Corporation, Kuraray Co. Ltd., LANXESS AG, Phillips Carbon Black Limited, Chevron Corporation, PetroChina Company Limited, Evonik Industries AG, 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. For further insights on the tire material market, request a sample here.

What are the key trends in the tire material market?

Major trend in the tire material market - eco-friendly tire materials transforming the landscape of the tire material market. For further insights on the tire material market, request a sample here.

What are the major opportunities in the tire material market? What are the strategies for the tire material market?

For detailed insights on the major opportunities and strategies in the tire material market, request a sample here.

How does the tire material market relate to the overall economy and other similar markets?

For detailed insights on tire material market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the tire material industry?

For detailed insights on the mergers and acquisitions in the tire material industry, request a sample here.

What are the key dynamics influencing the tire material market growth? SWOT analysis of the tire material market.

For detailed insights on the key dynamics influencing the tire material market growth and SWOT analysis of the tire material industry, request a sample here.