Tire Materials Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
The tire materials market refers to the production and sale of materials used in the manufacturing of tires for various types of vehicles, such as passenger cars, light commercial vehicles, heavy commercial vehicles, and motorcycles. Critical materials used in tire production include natural and synthetic rubber, carbon black, nylon, steel, and various chemicals. The increasing demand for tires, especially in emerging markets, has driven the growth of the tire materials market. The development of new tire technologies, such as run-flat and high-performance tires, has also contributed to the market's growth by requiring specialized materials.
MARKET DYNAMICS
The Tire Materials Market is anticipated to grow in the forecast period owing to improvements in the quality of tire material coupled with an increase in vehicle usage, globally. Increasing sales of construction & mining equipment have boosted the growth of the Tire Materials Market. However, fluctuating raw material prices of tire material restrict the growth of the Tire Materials Market. On the other hand, the demand for eco-friendly tire material is likely to showcase growth opportunities for the Tire Materials Market during the forecast period.
MARKET SCOPE
The "Global Tire Materials Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of Tire Materials Market with detailed market segmentation by type, vehicle type, and geography. The global Tire Materials Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Tire Materials Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Tire Materials Market is segmented on the basis of type and vehicle type. Based on type, the market is segmented as elastomers, reinforcing fillers, plasticizers, chemicals, metal reinforcements, and textile reinforcements. Tire Materials Market on the basis of vehicle type is segmented as passenger cars, buses, heavy trucks, and, lightweight commercial vehicles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Tire Materials Market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (Asia Pacific), Middle East and Africa (Middle East Africa) and South & Central America. The Tire Materials Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting Tire Materials Market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, Asia Pacific, Middle East Africa, and South & Central America after evaluating political, economic, social and technological factors affecting the Tire Materials Market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Tire Materials Market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (Asia Pacific), Middle East and Africa (Middle East Africa) and South & Central America. The Tire Materials Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting Tire Materials Market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, Asia Pacific, Middle East Africa, and South & Central America after evaluating political, economic, social and technological factors affecting the Tire Materials Market in these regions.
MARKET PLAYERS
The reports cover key developments in the Tire Materials Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from Tire Materials Market are anticipated to lucrative growth opportunities in the future with the rising demand for tire material in the global market. Below mentioned is the list of few companies engaged in the Tire Materials Market.
The report also includes the profiles of key tire material companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Cabot Corporation
- JSR Corporation
- Kurarey
- Lanxess
- Orion Engineered Carbons S.A.
- Phillips Carbon Black Limited
- Royal Dutch Shell
- Sinopec
- Thai Carbon Black Public Company Limited (Birla Carbon)
- The Goodyear Tire and Rubber Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Tire Materials Market - By Type
1.3.2 Tire Materials Market - By Vehicle Type
1.3.3 Tire Materials Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TIRE MATERIALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TIRE MATERIALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TIRE MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1. TIRE MATERIALS - GLOBAL MARKET OVERVIEW
6.2. TIRE MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TIRE MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ELASTOMERS
7.3.1. Overview
7.3.2. Elastomers Market Forecast and Analysis
7.3.3. Reinforcing Fillers Market
7.3.3.1. Overview
7.3.3.2. Reinforcing Fillers Market Forecast and Analysis
7.4.
7.4.1. Overview
7.4.2. Market Forecast and Analysis
7.5. PLASTICIZERS
7.5.1. Overview
7.5.2. Plasticizers Market Forecast and Analysis
7.6. CHEMICALS
7.6.1. Overview
7.6.2. Chemicals Market Forecast and Analysis
7.7. METAL REINFORCEMENTS
7.7.1. Overview
7.7.2. Metal Reinforcements Market Forecast and Analysis
7.8. TEXTILE REINFORCEMENTS
7.8.1. Overview
7.8.2. Textile Reinforcements Market Forecast and Analysis
8. TIRE MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER CARS
8.3.1. Overview
8.3.2. Passenger Cars Market Forecast and Analysis
8.4. BUSES
8.4.1. Overview
8.4.2. Buses Market Forecast and Analysis
8.5. HEAVY TRUCKS
8.5.1. Overview
8.5.2. Heavy Trucks Market Forecast and Analysis
8.6. LIGHTWEIGHT COMMERCIAL VEHICLES (LCV)
8.6.1. Overview
8.6.2. Lightweight Commercial Vehicles (LCV) Market Forecast and Analysis
9. TIRE MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Tire Materials Market Overview
9.1.2 North America Tire Materials Market Forecasts and Analysis
9.1.3 North America Tire Materials Market Forecasts and Analysis - By Type
9.1.4 North America Tire Materials Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America Tire Materials Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Tire Materials Market
9.1.5.1.1 Canada Tire Materials Market by Type
9.1.5.1.2 Canada Tire Materials Market by Vehicle Type
9.1.5.2 Mexico Tire Materials Market
9.1.5.2.1 Mexico Tire Materials Market by Type
9.1.5.2.2 Mexico Tire Materials Market by Vehicle Type
9.1.5.3 US Tire Materials Market
9.1.5.3.1 US Tire Materials Market by Type
9.1.5.3.2 US Tire Materials Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe Tire Materials Market Overview
9.2.2 Europe Tire Materials Market Forecasts and Analysis
9.2.3 Europe Tire Materials Market Forecasts and Analysis - By Type
9.2.4 Europe Tire Materials Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe Tire Materials Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Tire Materials Market
9.2.5.1.1 Germany Tire Materials Market by Type
9.2.5.1.2 Germany Tire Materials Market by Vehicle Type
9.2.5.2 France Tire Materials Market
9.2.5.2.1 France Tire Materials Market by Type
9.2.5.2.2 France Tire Materials Market by Vehicle Type
9.2.5.3 Italy Tire Materials Market
9.2.5.3.1 Italy Tire Materials Market by Type
9.2.5.3.2 Italy Tire Materials Market by Vehicle Type
9.2.5.4 United Kingdom Tire Materials Market
9.2.5.4.1 United Kingdom Tire Materials Market by Type
9.2.5.4.2 United Kingdom Tire Materials Market by Vehicle Type
9.2.5.5 Russia Tire Materials Market
9.2.5.5.1 Russia Tire Materials Market by Type
9.2.5.5.2 Russia Tire Materials Market by Vehicle Type
9.2.5.6 Rest of Europe Tire Materials Market
9.2.5.6.1 Rest of Europe Tire Materials Market by Type
9.2.5.6.2 Rest of Europe Tire Materials Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Tire Materials Market Overview
9.3.2 Asia-Pacific Tire Materials Market Forecasts and Analysis
9.3.3 Asia-Pacific Tire Materials Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Tire Materials Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific Tire Materials Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Tire Materials Market
9.3.5.1.1 Australia Tire Materials Market by Type
9.3.5.1.2 Australia Tire Materials Market by Vehicle Type
9.3.5.2 China Tire Materials Market
9.3.5.2.1 China Tire Materials Market by Type
9.3.5.2.2 China Tire Materials Market by Vehicle Type
9.3.5.3 India Tire Materials Market
9.3.5.3.1 India Tire Materials Market by Type
9.3.5.3.2 India Tire Materials Market by Vehicle Type
9.3.5.4 Japan Tire Materials Market
9.3.5.4.1 Japan Tire Materials Market by Type
9.3.5.4.2 Japan Tire Materials Market by Vehicle Type
9.3.5.5 South Korea Tire Materials Market
9.3.5.5.1 South Korea Tire Materials Market by Type
9.3.5.5.2 South Korea Tire Materials Market by Vehicle Type
9.3.5.6 Rest of Asia-Pacific Tire Materials Market
9.3.5.6.1 Rest of Asia-Pacific Tire Materials Market by Type
9.3.5.6.2 Rest of Asia-Pacific Tire Materials Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Tire Materials Market Overview
9.4.2 Middle East and Africa Tire Materials Market Forecasts and Analysis
9.4.3 Middle East and Africa Tire Materials Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Tire Materials Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa Tire Materials Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Tire Materials Market
9.4.5.1.1 South Africa Tire Materials Market by Type
9.4.5.1.2 South Africa Tire Materials Market by Vehicle Type
9.4.5.2 Saudi Arabia Tire Materials Market
9.4.5.2.1 Saudi Arabia Tire Materials Market by Type
9.4.5.2.2 Saudi Arabia Tire Materials Market by Vehicle Type
9.4.5.3 U.A.E Tire Materials Market
9.4.5.3.1 U.A.E Tire Materials Market by Type
9.4.5.3.2 U.A.E Tire Materials Market by Vehicle Type
9.4.5.4 Rest of Middle East and Africa Tire Materials Market
9.4.5.4.1 Rest of Middle East and Africa Tire Materials Market by Type
9.4.5.4.2 Rest of Middle East and Africa Tire Materials Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Tire Materials Market Overview
9.5.2 South and Central America Tire Materials Market Forecasts and Analysis
9.5.3 South and Central America Tire Materials Market Forecasts and Analysis - By Type
9.5.4 South and Central America Tire Materials Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America Tire Materials Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Tire Materials Market
9.5.5.1.1 Brazil Tire Materials Market by Type
9.5.5.1.2 Brazil Tire Materials Market by Vehicle Type
9.5.5.2 Argentina Tire Materials Market
9.5.5.2.1 Argentina Tire Materials Market by Type
9.5.5.2.2 Argentina Tire Materials Market by Vehicle Type
9.5.5.3 Rest of South and Central America Tire Materials Market
9.5.5.3.1 Rest of South and Central America Tire Materials Market by Type
9.5.5.3.2 Rest of South and Central America Tire Materials Market by Vehicle Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TIRE MATERIALS MARKET, KEY COMPANY PROFILES
11.1. CABOT CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. JSR CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. KURAREY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LANXESS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ORION ENGINEERED CARBONS S.A.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PHILLIPS CARBON BLACK LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ROYAL DUTCH SHELL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SINOPEC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THAI CARBON BLACK PUBLIC COMPANY LIMITED (BIRLA CARBON)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE GOODYEAR TIRE AND RUBBER COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Cabot Corporation
- JSR Corporation
- Kurarey
- Lanxess
- Orion Engineered Carbons S.A.
- Phillips Carbon Black Limited
- Royal Dutch Shell
- Sinopec
- Thai Carbon Black Public Company Limited (Birla Carbon)
- The Goodyear Tire and Rubber Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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