Global Tire Chemicals Market Growth 2024-2030

Global Tire Chemicals Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Tire Chemicals market size was valued at US$ million in 2023. With growing demand in downstream market, the Tire Chemicals is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.

The research report highlights the growth potential of the global Tire Chemicals market. Tire Chemicals are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Tire Chemicals. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Tire Chemicals market.

Tire chemicals include different kinds of substances which are used in the manufacturing of tires. Tire chemicals improve the toughness, resistance handling, obstruction handling and grip if tires. Several different types of tire chemicals such as manufactured elastic, regular elastic, carbon black, crude oil and others offers ideal solution for increased sturdiness, grip and other element of tires.

In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales. According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was ¥131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion.

Key Features:

The report on Tire Chemicals market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Tire Chemicals market. It may include historical data, market segmentation by Type (e.g., Natural Rubber, Synthetic Rubber), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Tire Chemicals market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Tire Chemicals market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Tire Chemicals industry. This include advancements in Tire Chemicals technology, Tire Chemicals new entrants, Tire Chemicals new investment, and other innovations that are shaping the future of Tire Chemicals.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Tire Chemicals market. It includes factors influencing customer ' purchasing decisions, preferences for Tire Chemicals product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Tire Chemicals market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Tire Chemicals market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Tire Chemicals market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Tire Chemicals industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Tire Chemicals market.

Market Segmentation:

Tire Chemicals market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Natural Rubber
Synthetic Rubber
Carbon Black
Plasticizers
Synthetic Textiles
Other

Segmentation by application
Bicycles
Motorcycles
Automotives
Other

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 analyzing the company's coverage, product portfolio, its market penetration.
BASF SE
Cabot Corporation
ExxonMobil Corporation
Yokohama Rubber Co., Ltd.
Evonik Industries AG
Eastman Chemicals
Birla Carbon
Eastman Chemicals
Emery Oleochemicals Group
Jiangxi Black Cat Carbon Black, Ltd.
LANXESS
Oriental Carbon & Chemicals Ltd
Orion Engineered Carbon
Phillips Carbon Black Limited
Saudi Arabia Basic Industries Corporation
Shikoku Chemicals Corporation
Sinochem International
Sinopec Corporation
Sri Trang Agro-industry Public Company Limited
Sumitomo Chemicals
U.S. Zinc Corporation
Von Bundit
Zochem

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tire Chemicals market?

What factors are driving Tire Chemicals market growth, globally and by region?

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

How do Tire Chemicals market opportunities vary by end market size?

How does Tire Chemicals break out type, application?

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