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.

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.

Tire Materials Report Scope