The global demand for Tire Material Market is presumed to reach the market size of nearly USD 149.36 BN by 2030 from USD 95.86 BN in 2022 with a CAGR of 5.7% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Kilo Tons in 2022 and forecast to touch XX Kilo Tons by 2030 with a CAGR of XX% during 2023-2030.
Tire material refers to the various components that make up a tire, which is a rubber-based structure designed to provide traction, support vehicle weight, and absorb shock from the road.
The tire material market is closely linked to the growth of the automotive industry, as tires are a critical component of vehicles. As the global automotive industry continues to expand, particularly in emerging economies, there is a growing demand for tires, which in turn drives the demand for tire materials. The production of vehicles, including passenger cars, commercial vehicles, and off-road vehicles, has been on the rise globally. This requires a corresponding increase in tire production, thereby driving the demand for tire materials. The replacement tire market, which involves replacing worn-out or damaged tires on existing vehicles, is a significant driver for the tire material market. As tires wear out over time and need to be replaced, there is a constant demand for new tires, which fuels the demand for tire materials.
There is a continuous demand for improved tire performance in terms of safety, durability, fuel efficiency, and performance characteristics, such as traction and grip. This drives the need for advanced tire materials that can meet these performance requirements, such as high-performance rubbers, reinforced steel belts, and advanced fillers. Increasing environmental regulations and concerns about sustainability are driving the demand for eco-friendly and fuel-efficient tires leading to the development and use of tire materials that are more environmentally friendly, such as bio-based materials, low rolling resistance compounds, and recycled materials. Advancements in tire manufacturing technologies, such as tire construction methods, compounding techniques, and material formulations, are driving the demand for new and advanced tire materials that can improve tire performance and durability. This includes the development of new rubber compounds, fabric reinforcements, and steel cord technologies, among others. Changing consumer preferences for tires with specific characteristics, such as all-season, winter, or performance tires, are also influencing the tire material market.
Consumers are increasingly demanding tires that offer better safety, comfort, and performance, which requires the use of advanced tire materials to meet these requirements. The automotive industry's focus on reducing vehicle weight has led to the demand for lightweight tire materials. Lighter tire materials, such as advanced polymers and lightweight fillers, are being used to reduce the overall weight of the tire without compromising its performance. Globalization and international trade have resulted in the increased movement of goods and people, leading to higher demand for tires worldwide. This drives the demand for tire materials to support tire production in different regions, including raw materials sourcing and tire manufacturing. The competitive nature of the tire industry, with tire manufacturers constantly striving to offer innovative and differentiated products, drives the demand for advanced tire materials that can provide improved performance, durability, and safety. This competitive landscape encourages ongoing research and development in tire materials to gain a competitive edge
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of tire material. The growth and trends of Tire Material Industry provide a holistic approach to this study.
This section of the tire material market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Vehicle Type
By Type
This section covers the regional outlook, which accentuates current and future demand for the Tire Material market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the tire material market include Cabot Corporation (US), JSR Corporation (Japan), Thai Carbon Black (Thailand), Lanxess (Germany), and Bekaert (Belgium). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . TIRE MATERIAL – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Vehicle Type
3.7.2 Market Attractiveness Analysis By Type
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL TIRE MATERIAL MARKET ANALYSIS BY VEHICLE TYPE
5.1 Overview by Vehicle Type
5.2 Historical and Forecast Data
5.3 Analysis by Vehicle Type
5.4 Passenger Cars Historic and Forecast Sales by Regions
5.5 Buses Historic and Forecast Sales by Regions
5.6 Trucks Historic and Forecast Sales by Regions
5.7 LCV Historic and Forecast Sales by Regions
6 . GLOBAL TIRE MATERIAL MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Elastomers Historic and Forecast Sales by Regions
6.5 Reinforcing Fillers Historic and Forecast Sales by Regions
6.6 Plasticizers Historic and Forecast Sales by Regions
6.7 Chemicals Historic and Forecast Sales by Regions
6.8 Metal Reinforcements Historic and Forecast Sales by Regions
6.9 Textile Reinforcements Historic and Forecast Sales by Regions
7 . GLOBAL TIRE MATERIAL MARKET ANALYSIS BY GEOGRAPHY
7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
7.3.1. Overview, Historic and Forecast Data Sales Analysis
7.3.2. North America By Segment Sales Analysis
7.3.3. North America By Country Sales Analysis
7.3.4. United State Sales Analysis
7.3.5. Canada Sales Analysis
7.3.6. Mexico Sales Analysis
7.4. Europe Sales Analysis
7.4.1. Overview, Historic and Forecast Data Sales Analysis
7.4.2. Europe by Segment Sales Analysis
7.4.3. Europe by Country Sales Analysis
7.4.4. United Kingdom Sales Analysis
7.4.5. France Sales Analysis
7.4.6. Germany Sales Analysis
7.4.7. Italy Sales Analysis
7.4.8. Russia Sales Analysis
7.4.9. Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
7.5.1. Overview, Historic and Forecast Data Sales Analysis
7.5.2. Asia Pacific by Segment Sales Analysis
7.5.3. Asia Pacific by Country Sales Analysis
7.5.4. China Sales Analysis
7.5.5. India Sales Analysis
7.5.6. Japan Sales Analysis
7.5.7. South Korea Sales Analysis
7.5.8. Australia Sales Analysis
7.5.9. Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
7.6.1. Overview, Historic and Forecast Data Sales Analysis
7.6.2. Latin America by Segment Sales Analysis
7.6.3. Latin America by Country Sales Analysis
7.6.4. Brazil Sales Analysis
7.6.5. Argentina Sales Analysis
7.6.6. Peru Sales Analysis
7.6.7. Chile Sales Analysis
7.6.8. Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
7.7.1. Overview, Historic and Forecast Data Sales Analysis
7.7.2. Middle East & Africa by Segment Sales Analysis
7.7.3. Middle East & Africa by Country Sales Analysis
7.7.4. Saudi Arabia Sales Analysis
7.7.5. UAE Sales Analysis
7.7.6. Israel Sales Analysis
7.7.7. South Africa Sales Analysis
7.7.8. Rest Of Middle East And Africa Sales Analysis
8 . COMPETITIVE LANDSCAPE OF THE TIRE MATERIAL COMPANIES
8.1. Tire Material Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments
9 . COMPANY PROFILES OF TIRE MATERIAL INDUSTRY
9.1. Top Companies Market Share Analysis
9.2. Market Concentration Rate
9.3. Cabot Corporation (US)
9.3.1. Company Overview
9.3.2. Company Revenue
9.3.3. Products
9.3.4. Recent Developments
9.4. JSR Corporation (Japan)
9.4.1. Company Overview
9.4.2. Company Revenue
9.4.3. Products
9.4.4. Recent Developments
9.5. Thai Carbon Black (Thailand)
9.5.1. Company Overview
9.5.2. Company Revenue
9.5.3. Products
9.5.4. Recent Developments
9.6. Lanxess (Germany)
9.6.1. Company Overview
9.6.2. Company Revenue
9.6.3. Products
9.6.4. Recent Developments
9.7. Bekaert (Belgium)
9.7.1. Company Overview
9.7.2. Company Revenue
9.7.3. Products
9.7.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
LIST OF FIGURES
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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