Global Biobased Tires Market Growth 2024-2030

Global Biobased Tires Market Growth 2024-2030

Biobased tires are tires made of bio-based materials, which are mainly derived from renewable resources such as plants, crop waste, animal and vegetable oils, etc. The introduction of biobased tires aims to reduce dependence on traditional petroleum-based materials, reduce the environmental burden during tire production and use, and promote the sustainable development of the tire industry.

The global Biobased Tires market size is projected to grow from US$ 6752 million in 2024 to US$ 8669 million in 2030; it is expected to grow at a CAGR of 4.3% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Biobased Tires Industry Forecast” looks at past sales and reviews total world Biobased Tires sales in 2023, providing a comprehensive analysis by region and market sector of projected Biobased Tires sales for 2024 through 2030. With Biobased Tires sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biobased Tires industry.

This Insight Report provides a comprehensive analysis of the global Biobased Tires landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biobased Tires portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Biobased Tires market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biobased Tires and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biobased Tires.

United States market for Biobased Tires is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Biobased Tires is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Biobased Tires is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Biobased Tires players cover Michelin Group, Linglong Tire, GoodYear, Nokian Tyres, Zhengdao Tire, etc. In terms of revenue, the global two largest companies occupied for a share nearly

% in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Biobased Tires market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Biobased Material Content: <40%
Biobased Material Content: 40%-60%
Biobased Material Content: ≥60%

Segmentation by Application:
Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Michelin Group
Linglong Tire
GoodYear
Nokian Tyres
Zhengdao Tire
Hankook Tire
Bridgestone
Continental AG

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biobased Tires market?

What factors are driving Biobased Tires market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biobased Tires market opportunities vary by end market size?

How does Biobased Tires break out by Type, by Application?



Please note: The report will take approximately 2 business days to prepare and deliver.