Tire Material Market

The Tire Material Market is expected to achieve a CAGR of 4.35% by the forecast period, with the industry reaching USD 127.34 Billion by 2030. Tire material, primarily rubber, is essential for tire production, experiencing increased demand in the automotive sector. Rubber, with its unique properties, combined with other chemicals, forms tires known for their high tensile strength, suitable for various applications such as agriculture and passenger vehicles. The flexibility of tire materials enables their use across different types of vehicles and machinery.

The key players of tire materials market are 

• Orion Engineered Carbons
• Royal Dutch Shell
• China Petroleum & Chemical Corporation
• Chevron Corporation
• Nynas AB
• Petro China Company Limite
• Exxon Mobil Corporation
• SIBUR INTERNATIONAL
• American Zinc Recycling LLC,
• PPG Industries
• Ralson Goodluck Carbon
• Longxing Chemical, Phillips
• S. Zinc.Inc
• SRF Limited

• Australian Tyre Traders
• Umicore SA
• TEIJIN ARAMID B.V.

• Aeolus Tyre Co., Ltd.
• Metro Tyre

Tire Material Industry Developments

In April 2023, Pirelli announced that it had developed a tire that is made from a graphene-reinforced compound. The tire is said to be more durable and fuel-efficient than conventional tires.

Report Overview 

• Market overview highlights 
• Analysis based upon COVID 19
• Explanation upon the Market Dynamics
• Value chain analysis
• Market segmentation overview
• The regional analysis
• Competitive landscape analysis
• Recent Developments

Segment overview

Tire Material Market, by Type

• Reinforcing Fillers
• Plasticizers
• Chemicals
• Elastomers
• Textile Reinforcements
• Metal Reinforcements

Global Tire Material Market

• Passenger Cars
• Buses
• Heavy Trucks
• Lightweight Commercial Vehicles (LCV)

Tire Material Market, by Region

North America

• Canada
• The U.S.

Europe

• The U.K.
• France
• Germany
• Italy
• Russia & CIS
• Spain
• Rest of Europe

Asia Pacific

• India
• Japan
• China

ASEAN

Rest of Asia Pacific

Latin America

• Mexico
• Rest of Latin America
• Brazil

Middle East & Africa

• GCC
• South Africa
• Rest of the Middle East & Africa