The global tire material market, valued at $80.67 billion in 2022, is anticipated to burgeon to $85.26 billion in 2023, reflecting an impressive Compound Annual Growth Rate (CAGR) of 5.7%. The market is poised to reach $103.15 billion by 2027, driven by a CAGR of 4.9%.
Key Market Players in Focus
Key players in the tire material market include industry frontrunners:
Orion Engineered Carbons
SIBUR International GmbH
SRF LIMITED
Nynas AB
Exxon Mobil Corporation
PPG Industries, Inc.
Koninklijke Philips N.V.
Teijin Aramid B.V.
Umicore
Heuver.com
ATG COGNIZANT
Metro Tyre
Federal Corp
Carlisle Companies Inc.
Nokian Tyres plc.
Reasons to Choose This Report
Gain a truly global perspective with comprehensive coverage spanning 50+ geographies.
Understand the COVID-19 impact and market response as the pandemic subsides.
Assess the Russia-Ukraine conflict's impact on agriculture, energy, and mineral supply, and its market implications.
Measure the influence of global inflation on market growth.
Formulate strategies based on localized data and analysis.
Identify investment-worthy growth segments.
Outpace rivals using predictive data and market trends.
Grasp customer dynamics via the latest market shares.
Benchmark performance against key competitors.
Strengthen presentations with reliable, high-quality data and analysis.
Understanding Tire Material
Tires are crafted from synthetic rubber, natural rubber, cloth, steel cables, carbon black, and chemical compounds.
Tire material categories encompass elastomers, reinforcing fillers, plasticizers, chemicals, metal reinforcements, textile reinforcements, and more.
Tire variations include solid tires, pneumatic tires, and retreaded tires.
Used in diverse vehicles such as two-wheelers, rickshaws, passenger cars, trucks, buses, and utility vehicles.
Emerging Trends: Eco-Friendly Tire Materials
Eco-friendly tire materials gain traction, incorporating recycled materials for sustainability.
Leading entities focus on eco-friendly tire development, bolstering market presence.
Regional Dynamics: Asia-Pacific Takes the Lead
Asia-Pacific dominates the market and is poised for rapid growth.
Regions covered: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Driving Force: Vehicle Production Increase
Rising motor vehicle production propels tire material market growth.
Tires provide traction, braking, and vibration damping for vehicles.
Market Segmentation and Player Landscape
Market Segmentation:
Type:
Wireless Door Phone
Wired Door Phone
End User:
Residential
Non-Residential
Market Players:
Panasonic Corporation
Honeywell International Inc.
ABB Ltd.
Aiphone
VTech
FERMAX Global
Zmodo
Legrand
SkyBell Technologies, Inc.
1byone, Inc.
Conclusion: Insights That Drive Success
Navigate the transformative journey of the tire material market.
Witness growth from $80.67 billion in 2022 to $85.26 billion in 2023.
Harness predictive insights, trends, and growth segments.
Outshine competitors and fortify presentations with reliable data.
Key Attributes:
Report Attribute
Details
No. of Pages
250
Forecast Period
2023 - 2027
Estimated Market Value (USD) in 2023
$85.26 billion
Forecasted Market Value (USD) by 2027
$103.15 billion
Compound Annual Growth Rate
4.9%
Regions Covered
Global
Key Topics Covered:
1. Executive Summary
2. Tire Material Market Characteristics
3. Tire Material Market Trends And Strategies
4. Tire Material Market - Macro Economic Scenario 4.1. COVID-19 Impact On Tire Material Market 4.2. Ukraine-Russia War Impact On Tire Material Market 4.3. Impact Of High Inflation On Tire Material Market
5. Tire Material Market Size And Growth 5.1. Global Tire Material Historic Market, 2017-2022, $ Billion 5.1.1. Drivers Of The Market 5.1.2. Restraints On The Market 5.2. Global Tire Material Forecast Market, 2022-2027F, 2032F, $ Billion 5.2.1. Drivers Of The Market 5.2.2. Restraints On the Market
6. Tire Material Market Segmentation 6.1. Global Tire Material Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Elastomers
Reinforcing Fillers
Plasticizers
Chemicals
Metal Reinforcements
Textile Reinforcements
Other Types
6.2. Global Tire Material Market, Segmentation By Tire Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Solid Tire
Pneumatic Tire
Retreated Tires
6.3. Global Tire Material Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Two Wheelers
Rickshaws
Passenger Cars
Trucks
Buses
Utility Vehicles
Other Vehicle Types
6.4. Global Tire Material Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Passenger Cars
Commercial Vehicles
7. Tire Material Market Regional And Country Analysis 7.1. Global Tire Material Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion 7.2. Global Tire Material Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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