![Tire Material Market Size, Industry Analysis By Type (Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements and Textile Reinforcements), Application (Light-Weight Commercial Vehicles [LCVs], Passenger Cars [PCs] and Heavyweight Commercial Vehicles [HCVs]) – Global, Trends, Share And Forecast 2023-2030](https://www.infinitivedataexpert.com/assets/img/infinitive-Report-Cover.png)
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During the forecast period, the tyre material market is anticipated to grow at a CAGR of 6.3%. In 2022, it was projected that the global market would be worth USD 76.10 billion.
Rubber is the primary component of tyre material, which is used to make tyres. It is in extremely high demand in the automotive sector. The rubber and other materials used to make tyres have special qualities. Tyres are made by combining rubber with other chemicals. It possesses excellent tensile characteristics that are utilised in both agriculture and automobiles. These tyre materials' key benefits include extreme flexibility. It permits tyres for any kind of automobile machinery.
The market for tyre materials is benefiting from improvements in automotive safety. The tyre is essential in preventing traffic accidents. Quality tyres are being used by the car industry to reduce the frequency of incidents on the road. The right tyre materials give the cars excellent braking and stability. The demand from the automobile industry is a significant factor in the expansion of the tyre material market.
Today, there are many external elements that can impact the tyres, including wet roads and uneven roads. But there are ways to make flexible tyres, thanks to the tyre materials market. These tyres are extremely durable and long-lasting. The product selection in the tyre materials market is constantly expanding as a result of research and development. In recent years, the development of environmentally friendly tyres has increased. The market value of tyre material will be extraordinary as a result of the growth and loss of these products.
One of the most important parts of the car is the tyre, which has a footprint that is designed to support the weight of the vehicle. Most pneumatically inflated tyres, especially those on automobiles and bicycles, have a supple cushion that absorbs shock as the tyre travels over uneven terrain with sharp edges. Synthetic and natural rubber, fabric, steel wires, carbon black, and other chemicals are used to make tyres. The two primary synthetic rubber polymers used in tyre manufacturing are butadiene rubber and styrene-butadiene rubber.
In rubber goods, these rubber polymers are mixed with natural rubber. Another significant synthetic rubber is halogenated polyisobutylene rubber (XIIR), often known as halo butyl rubber. By making the inner liner impermeable, this material helps to maintain tyre pressure. Rubber-and-additional-chemicals tyres can be used on any agricultural or passenger vehicle and have a high level of durability. Tyres are necessary for a wide range of vehicles, including cars, motorcycles, buses, lorries, heavy machinery, and aircraft.
The market for tyre materials is seeing strong demand due to advancements in rubber chemistry. Rubber serves as the tire's primary component. It is a good option for tyres because of its remarkable qualities, including flexibility and durability. These rubbers are durable and may be altered to fit the vehicle. Its superior features are increasing demand among end users. Additionally, advances in rubber chemistry are ongoing. As a result, the market has an unparalleled rate of increase.
Report Coverage
Global Tire Material research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Tire Material report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Tire Material competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Tire Material market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Tire Material market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Tire Material market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bridgestone Corporation (Japan), Cabot Corporation (USA), Continental AG (Germany), The Goodyear Tire & Rubber Company (USA), Chevron Corporation (USA), Orion Engineered Carbons( Luxembourg), Apollo Tyres (India), JK TYRE & INDUSTRIES LTD (India), Michelin (France), MRF ltd.(India), Pirelli & C. S.p.A.(Italy), Hankook Tire & Technology Co.,Ltd (South Korea), JSR Corporation (Japan), Thai Carbon Black (Thailand) and Lanxess (Germany)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Tire Material market based on the below-mentioned segments:
Global Tire Material Market, By Type
Reinforcing Fillers
Plasticizers
Chemicals
Elastomers
Textile Reinforcements
Metal Reinforcements
Global Tire Material market, By Application
Light-Weight Commercial Vehicles [LCVs]
Passenger Cars [PCs]
Heavyweight Commercial Vehicles [HCVs]
Global Tire Material market, Regional Analysis
Rubber is the primary component of tyre material, which is used to make tyres. It is in extremely high demand in the automotive sector. The rubber and other materials used to make tyres have special qualities. Tyres are made by combining rubber with other chemicals. It possesses excellent tensile characteristics that are utilised in both agriculture and automobiles. These tyre materials' key benefits include extreme flexibility. It permits tyres for any kind of automobile machinery.
The market for tyre materials is benefiting from improvements in automotive safety. The tyre is essential in preventing traffic accidents. Quality tyres are being used by the car industry to reduce the frequency of incidents on the road. The right tyre materials give the cars excellent braking and stability. The demand from the automobile industry is a significant factor in the expansion of the tyre material market.
Today, there are many external elements that can impact the tyres, including wet roads and uneven roads. But there are ways to make flexible tyres, thanks to the tyre materials market. These tyres are extremely durable and long-lasting. The product selection in the tyre materials market is constantly expanding as a result of research and development. In recent years, the development of environmentally friendly tyres has increased. The market value of tyre material will be extraordinary as a result of the growth and loss of these products.
One of the most important parts of the car is the tyre, which has a footprint that is designed to support the weight of the vehicle. Most pneumatically inflated tyres, especially those on automobiles and bicycles, have a supple cushion that absorbs shock as the tyre travels over uneven terrain with sharp edges. Synthetic and natural rubber, fabric, steel wires, carbon black, and other chemicals are used to make tyres. The two primary synthetic rubber polymers used in tyre manufacturing are butadiene rubber and styrene-butadiene rubber.
In rubber goods, these rubber polymers are mixed with natural rubber. Another significant synthetic rubber is halogenated polyisobutylene rubber (XIIR), often known as halo butyl rubber. By making the inner liner impermeable, this material helps to maintain tyre pressure. Rubber-and-additional-chemicals tyres can be used on any agricultural or passenger vehicle and have a high level of durability. Tyres are necessary for a wide range of vehicles, including cars, motorcycles, buses, lorries, heavy machinery, and aircraft.
The market for tyre materials is seeing strong demand due to advancements in rubber chemistry. Rubber serves as the tire's primary component. It is a good option for tyres because of its remarkable qualities, including flexibility and durability. These rubbers are durable and may be altered to fit the vehicle. Its superior features are increasing demand among end users. Additionally, advances in rubber chemistry are ongoing. As a result, the market has an unparalleled rate of increase.
Report Coverage
Global Tire Material research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Tire Material report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Tire Material competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Tire Material market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Bridgestone Corporation (Japan), Cabot Corporation (USA), Continental AG (Germany), The Goodyear Tire & Rubber Company (USA), Chevron Corporation (USA), Orion Engineered Carbons( Luxembourg), Apollo Tyres (India), JK TYRE & INDUSTRIES LTD (India), Michelin (France), MRF ltd.(India), Pirelli & C. S.p.A.(Italy), Hankook Tire & Technology Co.,Ltd (South Korea), JSR Corporation (Japan), Thai Carbon Black (Thailand) and Lanxess (Germany) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Tire Material Market from 2021 to 2030.
- Market Forecast for Tire Material Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Tire Material competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Tire Material
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Tire Material market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Tire Material market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bridgestone Corporation (Japan), Cabot Corporation (USA), Continental AG (Germany), The Goodyear Tire & Rubber Company (USA), Chevron Corporation (USA), Orion Engineered Carbons( Luxembourg), Apollo Tyres (India), JK TYRE & INDUSTRIES LTD (India), Michelin (France), MRF ltd.(India), Pirelli & C. S.p.A.(Italy), Hankook Tire & Technology Co.,Ltd (South Korea), JSR Corporation (Japan), Thai Carbon Black (Thailand) and Lanxess (Germany)
Primary Target Market
- Market Players of Tire Material
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Tire Material market based on the below-mentioned segments:
Global Tire Material Market, By Type
Reinforcing Fillers
Plasticizers
Chemicals
Elastomers
Textile Reinforcements
Metal Reinforcements
Global Tire Material market, By Application
Light-Weight Commercial Vehicles [LCVs]
Passenger Cars [PCs]
Heavyweight Commercial Vehicles [HCVs]
Global Tire Material market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the tire material market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.