Tire Material Market to Witness Huge Growth by 2032

Tire Material Market

The Tire Material Market 2024 Report makes available the current and future technical and financial analysis of the industry. It is one of the most comprehensive and important additions to the USD Analytics Market archive of market research studies. It offers detailed research and analysis of key aspects of the global Tire Material market. This global report explores the key factors affecting the growth of the dynamic Tire Material market, including the demand-supply scenario, pricing structure, profit margins, SWOT, and value chain analysis.

Global Tire Material Market Size is valued at $94.6 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.5% to reach $134.5 Billion by 2032.

Key Players in This Report Include:
Advanced Technology Group, Bekaert Industries India Ltd, Birla Carbon Black Ltd, Bridgestone Corp, Cabot Corp, Chevron Phillips Chemical Company LLC, Continental AG, Evonik Industries AG, Exxon Mobil Corp, Federal Corp Sdn Bhd, JSR Corp, Koninklijke Philips N.V., Kuraray Co. Ltd, Lanxess AG, Metro Tyre & Industries Ltd, Michelin & Cie. SCA, Nokian Tyres PLC, Nynas AB, Orion Engineered Carbons LLC, PetroChina Company Ltd, Phillips Carbon Black Ltd, PJSC SIBUR HoldingSRF Ltd, PPG Industries Inc, Solvay SA, Sumitomo Rubber Industries Ltd, Teijin Aramid B.V., The Carlisle Companies Inc, The Goodyear Tire & Rubber Company, Umicore S.A.

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Tire Material Market Overview in 2024
The Tire Material Market is growing due to the increasing demand for tires in the automotive industry and the need for advanced materials to improve tire performance, safety, and longevity. Key materials include rubber compounds, reinforcing fibers, and additives that enhance properties such as traction, durability, and resistance to wear and aging. The market is driven by advancements in tire technologies, the rise of electric and autonomous vehicles, and the focus on fuel efficiency. Challenges such as fluctuating raw material prices and environmental concerns regarding tire disposal may impact growth. Innovations in tire materials and sustainable practices are expected to drive future market development.

Market Segmentation and Scope:
By Vehicle (Passenger Cars, Buses, Trucks, LCV), By Type (Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements, Textile Reinforcements)

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The report covers the competitive analysis of the market. The report identifies the most promising growth opportunities across the 6 regions and 24 countries. This section exclusively shares insight into the growth strategies of the largest market share holders helping key players and new entrants understand the investment potential in the Global Tire Material Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Regional Analysis:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Furthermore, the years considered for the study are as follows:
Historical year – 2018-2023
Base year – 2023
Forecast period – 2024 to 2032

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Major Highlights of TOC:
Chapter 1: Overview of the Global Tire Material Market in 2024
1.1 Tire Material Industry Analysis
1.2 Key Companies and Product Profiles
1.3 Tire Material Market Segments
1.4 Industry Value Chain Analysis
1.5 Market Dynamics- Trends, Drivers, and Opportunities
1.6 Pricing Analysis
1.7 Porter’s Five Forces Analysis
1.8 SWOT Profile
1.9 Macro-Economic and Demographic Impact Analysis
1.10 Scenario Analysis

Chapter 2: Global Tire Material Demand Forecasts
2.1 Overview of the Segment
2.2 Global Historic Tire Material Market Size (2018-2023) by Types, Applications, and Other Segments
2.3 Global Forecast Tire Material Market Size (2024-2032) by Types, Applications, and Other Segments

Chapter 3: Segment-wise Tire Material Market Forecasts
3.1 Key Market Segments
3.2 Premium Insights- Largest Types, Applications and Segments
3.3 Premium Insights- Most Lucrative Types, Applications, and Segments

Chapter 4: Tire Material Market Outlook by Country
4.1 Tire Material Market by Regions
4.2 Tire Material Market Revenue Share by Region
4.3 North America (US, Canada, Mexico)
4.4 Europe (Germany, UK, France, Spain, Italy, Russia, Others)
4.5 Asia Pacific (China, Japan, India, South Korea, Australia, South East Asia, Others)
4.6 Latin America (Brazil, Argentina, Chile, Others)
4.7 Middle East and Africa (Saudi Arabia, UAE, Qatar, South Africa, Nigeria, Egypt, Others)

Player Analysis in Chapter Five
5.1 Players’ Market Share Analysis (2023)
5.2 Regional Market Concentration Rates
5.3 Business Profiles, SWOT Analysis, Financial Details, Product Portfolio of Companies
……….continued

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