Global Tire Chemicals Market Forecast: Share, Demand, Size, and Trends Through 2030
Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Tire Chemicals market. The research report on the Global Tire Chemicals Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
The report further comprises, “Global Tire Chemicals Market Research Report: Forecast (2025-2030)”,
The Market size is valued at around USD 80 billion in 2024 and is projected to reach USD 110 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.5 % during the forecast period, i.e., 2025-30.
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Global Tire Chemicals Market Driver:
Expanding Automobile Industry – Globally, the disposable income of individuals is growing, which is resulting in rising sales of vehicles. The logistics requirements owing to augmenting e-commerce have also stimulated the sales of commercial vehicles. All these driving factors of the automobile industry are ultimately creating the demand for tire chemicals. Easy financing solutions also increase the sale of vehicles by providing loans, EMIs, etc. The transportation industry is expanding due to the rising trend of rental services. Moreover, the global sale of automobile vehicles has increased to 92.74 million units in 2023 from 82.71 million units in 2022, as per the facts provided by the OICA. Further, from the total sale of vehicles in 2023, 65.27 million units were of passenger cars, while 27.45 million units were of commercial vehicles. Thus, every year, the expanding automobile industry creates the demand for more and more tires, which ultimately keeps the demand for tire chemicals higher and helps in the growth of the Global Tire Chemicals Market.
Global Tire Chemicals Market Analysis Based On Segment, Geography
The Global Tire Chemicals market is segmented into significant segments based on:
By Application Type
-Automobile Tires- Market Size & Forecast 2020-2030, Thousand Tons
-Passenger Car- Market Size & Forecast 2020-2030, Thousand Tons
-Two & three Wheeler - Market Size & Forecast 2020-2030, Thousand Tons
-LCV - Market Size & Forecast 2020-2030, Thousand Tons
-M & HCV - Market Size & Forecast 2020-2030, Thousand Tons
-OTR - Market Size & Forecast 2020-2030, Thousand Tons
-Others (Aircraft Tires, Marine Tires, etc.)- Market Size & Forecast 2020-2030, Thousand Tons
By Chemical Type
-Rubbers- Market Size & Forecast 2020-2030, Thousand Tons
-Natural Rubber- Market Size & Forecast 2020-2030, Thousand Tons
-Synthetic Rubber- Market Size & Forecast 2020-2030, Thousand Tons
-Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
-Amine Antioxidants - Market Size & Forecast 2020-2030, Thousand Tons
-Phenolic Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
-Heterocyclic Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
-Antiozonants- Market Size & Forecast 2020-2030, Thousand Tons
领英推荐
-Fillers- Market Size & Forecast 2020-2030, Thousand Tons
-Carbon Black- Market Size & Forecast 2020-2030, Thousand Tons
-Silica- Market Size & Forecast 2020-2030, Thousand Tons
-Vulcanization Chemicals- Market Size & Forecast 2020-2030, Thousand Tons
-Sulphur- Market Size & Forecast 2020-2030, Thousand Tons
-Zinc Oxide- Market Size & Forecast 2020-2030, Thousand Tons
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific- Market Size & Forecast 2020-2030, Thousand Tons.
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/global-tire-chemicals-market.html
Top Companies Essentially Working in Global Tire Chemicals Market
Birla Carbon, Von Bunditt Company Ltd., Cabot Corporation, Sinochem International, Evonik Industries AG, Phillips Carbon Black Limited, Eastman Chemicals Company, Sumitomo Chemical Company Limited, Orion Engineered Carbon S.A, Lanxess AG, BASF, Solvay SA/NV, ExxonMobil Corporation, Emery OleoChemicals, Arkema Chemicals Pvt. Ltd., and others.
Frequently Asked Questions (FAQs)-
6.?????? Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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