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Global Tire Material Market Dublin, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The "Tire Material Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering. The global tire material

Global Tire Material Market

Dublin, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The "Tire Material Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

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 Summary2. Tire Material Market Characteristics3. Tire Material Market Trends And Strategies4. Tire Material Market - Macro Economic Scenario4.1. COVID-19 Impact On Tire Material Market4.2. Ukraine-Russia War Impact On Tire Material Market4.3. Impact Of High Inflation On Tire Material Market5. Tire Material Market Size And Growth5.1. Global Tire Material Historic Market, 2017-2022, $ Billion5.1.1. Drivers Of The Market5.1.2. Restraints On The Market5.2. Global Tire Material Forecast Market, 2022-2027F, 2032F, $ Billion5.2.1. Drivers Of The Market5.2.2. Restraints On the Market6. Tire Material Market Segmentation6.1. 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 Analysis7.1. Global Tire Material Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion7.2. Global Tire Material Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/ww4go

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Global Tire Material Market