Increasing demand for green tires segment coupled with high investment in R&D of tire material are fueling the market growth.
Tire Material Market Size – USD 87.03 Billion in 2020, Growth – CAGR of 3.80%, Trends – Increase in demand for eco-friendly tire material.
The global tire material market is forecast to reach USD 118.09 Billion by 2028, according to a new report by Reports and Data. The market is rising rapidly as the sales of passenger cars are propelling mostly in the developing regions due to an increase in disposable earning. The overall vehicle sales globally have also increased substantially because of the technological advancements in the automotive industry. The rise in demand for green tires in Europe has helped the tire material market grow apace.
The Asia Pacific region is forecasted to generate the highest revenue of USD 40.76 Billion in the year 2026, owing to its record increasing sales of passenger vehicles and two-wheelers segment in the developing economies such as India and Thailand.
Companies considered and profiled in this market study:
Sinopec, Birla Carbon, Phillips Carbon Black Limited, JSR Corporation, Orion Engineered Carbons, Lanxess Aktiengesellschaft, Chevron Corporation, Kuraray Co., Ltd., Royal Dutch Shell PLC, and Exxon Mobil Corporation.
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Further key findings from the report suggest:
Quick buy @ https://www.reportsanddata.com/checkout-form/1953 For the purpose of this report, Reports and Data have segmented the global tire Material market on the basis of the type, performance, Eco-Friendly Material, Vehicle Type, and region:
Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)
Performance Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)
Eco-Friendly Material Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)
Vehicle Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)
Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 – 2028
Chapter 3. Indicative Metrics
Chapter 4. Tire Material Market Segmentation & Impact Analysis
4.1. Tire Material Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market driver’s analysis
…..
Chapter 10. Competitive Landscape
10.1. Market Revenue Share by Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
10.4. Market positioning
10.5. Strategy Benchmarking
10.6. Vendor Landscape
Chapter 11. Company Profiles
11.1. Sinopec
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Technology Insights
11.1.4. Strategic Initiatives
Continue….
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