- Elastomers
- Reinforcing Fillers
- Plasticizers
- Chemicals
- Metal Reinforcements
- Textile Reinforcements
- Others
Tire Material Market was valued at USD 89.4 billion in 2022 and is expected to reach USD 120.8 billion by 2029, growing at a CAGR of 4.5% from 2023 to 2029. The global market provides a detailed overview of the Tire Material Market, which has been segmented by type and vehicle. By type, the tire material market has been segmented into Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements, Textile Reinforcements, and Others. The Elastomers segment is likely the largest and fastest growing in terms of types. Based on vehicles, the tire material market is segmented into Passenger Cars, Buses, Heavy Trucks, and Lightweight Commercial Vehicles (LCV). The Passenger Cars segment is predicted to register the fastest growth rate during the forecast period, according to precision business insights.
Tire Material Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.5%
Largest Market
North American
Fastest Growing Market
Asia-Pacific
Tire Material Market Dynamics
The primary factors driving market expansion are growing international construction and mining equipment sales and rising demand for tire replacements from emerging nations.
Key Features of the Reports
- The tire material market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Tire Material Market Segmentation
By Type
By Vehicle
- Passenger Cars
- Buses
- Heavy Trucks
- Lightweight Commercial Vehicles
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The Tire Material Market is projected to expand at a CAGR of 4.5% during the forecast period
The primary global Tire Material market players are Kuraray Co., Ltd., PetroChina Company Limited, Exxon Mobil Corporation., JSR Corporation, and Umicore.
Asia Pacific is the fastest-growing region for Tire Material Market
| 1. Executive Summary |
| 2. Global Tire Material Market Introduction |
| 2.1. Global Tire Material Market - Taxonomy |
| 2.2. Global Tire Material Market -Definitions |
| 2.2.1. By Type |
| 2.2.2. By Vehicle |
| 2.2.3. By Artificial Sweetners |
| 2.2.4. By Region |
| 3. Global Tire Material Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Tire Material Market Dynamic Factors - Impact Analysis |
| 3.6. Global Tire Material Market - Competition Landscape |
| 4. Global Tire Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Tire Material Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.1. Elastomers |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Reinforcing Fillers |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Plasticizers |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Chemicals |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Metal Reinforcements |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Textile Reinforcements |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6. Global Tire Material Market, By Vehicle, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.1. Passenger Cars |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Buses |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Heavy Trucks |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Lightweight Commercial Vehicles (LCV) |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Tire Material Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Tire Material Market - Opportunity Analysis Index, By Application, Application, and Region, 2023 - 2029 |
| 8. North America Tire Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Elastomers |
| 8.1.2. Reinforcing Fillers |
| 8.1.3. Plasticizers |
| 8.1.4. Chemicals |
| 8.1.5. Metal Reinforcements |
| 8.1.6. Textile Reinforcements |
| 8.1.7. Others |
| 8.2. Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Passenger Cars |
| 8.2.2. Buses |
| 8.2.3. Heavy Trucks |
| 8.2.4. Lightweight Commercial Vehicles (LCV) |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. U.S. |
| 8.3.2. Canada |
| 8.4. North America Tire Material Market - Opportunity Analysis Index, By Product, By Vehicle, Artificial Sweeteners, and Country, 2023 - 2029 |
| 8.5. North America Tire Material Market Dynamics - Trends |
| 9. Europe Tire Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Elastomers |
| 9.1.2. Reinforcing Fillers |
| 9.1.3. Plasticizers |
| 9.1.4. Chemicals |
| 9.1.5. Metal Reinforcements |
| 9.1.6. Textile Reinforcements |
| 9.1.7. Others |
| 9.2. Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Passenger Cars |
| 9.2.2. Buses |
| 9.2.3. Heavy Trucks |
| 9.2.4. Lightweight Commercial Vehicles (LCV) |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Tire Material Market - Opportunity Analysis Index, By Product, By Vehicle, Artificial Sweeteners, and Country, 2023 - 2029 |
| 9.5. Europe Tire Material Market Dynamics - Trends |
| 10. Asia-Pacific Tire Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Elastomers |
| 10.1.2. Reinforcing Fillers |
| 10.1.3. Plasticizers |
| 10.1.4. Chemicals |
| 10.1.5. Metal Reinforcements |
| 10.1.6. Textile Reinforcements |
| 10.1.7. Others |
| 10.2. Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Passenger Cars |
| 10.2.2. Buses |
| 10.2.3. Heavy Trucks |
| 10.2.4. Lightweight Commercial Vehicles (LCV) |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Tire Material Market - Opportunity Analysis Index, By Product, By Vehicle, Artificial Sweeteners, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Tire Material Market Dynamics - Trends |
| 11. Latin America Tire Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 11.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Elastomers |
| 11.1.2. Reinforcing Fillers |
| 11.1.3. Plasticizers |
| 11.1.4. Chemicals |
| 11.1.5. Metal Reinforcements |
| 11.1.6. Textile Reinforcements |
| 11.1.7. Others |
| 11.2. Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Passenger Cars |
| 11.2.2. Buses |
| 11.2.3. Heavy Trucks |
| 11.2.4. Lightweight Commercial Vehicles (LCV) |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Tire Material Market - Opportunity Analysis Index, By Product, By Vehicle, Artificial Sweeteners, and Country, 2023 - 2029 |
| 11.5. Latin America Tire Material Market Dynamics - Trends |
| 12. Middle East and Africa Tire Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 12.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Elastomers |
| 12.1.2. Reinforcing Fillers |
| 12.1.3. Plasticizers |
| 12.1.4. Chemicals |
| 12.1.5. Metal Reinforcements |
| 12.1.6. Textile Reinforcements |
| 12.1.7. Others |
| 12.2. Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Passenger Cars |
| 12.2.2. Buses |
| 12.2.3. Heavy Trucks |
| 12.2.4. Lightweight Commercial Vehicles (LCV) |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Tire Material Market - Opportunity Analysis Index, By Product, By Vehicle, Artificial Sweeteners, and Country, 2023 - 2029 |
| 12.5. MEA Tire Material Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Lanxess |
| 13.2.2. Cabot Corporation |
| 13.2.3. Phillips Carbon Black Limited |
| 13.2.4. The Goodyear Tire and Rubber Company |
| 13.2.5. Sinopec |
| 13.2.6. Kurarey |
| 13.2.7. JSR Corporation |
| 13.2.8. Thai Carbon Black Public Company Limited (Birla Carbon) |
| 13.2.9. Orion Engineered Carbons S.A. |
| 13.2.10. Royal Dutch Shell |
| 13.2.11. Other Key Market Players |
| 13.2.12. Chevron Corporation |
| 13.2.13. Nynas AB |
| 13.2.14. Petrochina |
| 13.2.15. Exxonmobil |
| 13.2.16. Sibur |
| 13.2.17. Ralson Goodluck Carbon |
| 13.2.18. Longxing Chemical |
| 13.2.19. Phillips 66 Company |
| 13.2.20. U.S. Zinc |
| 13.2.21. Horsehead Corporation |
| 13.2.22. Umicore SA |
| 13.2.23. SRF Limited |
| 13.2.24. PPG Industries |
| 13.2.25. Others |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Lanxess
- Cabot Corporation
- Phillips Carbon Black Limited
- The Goodyear Tire and Rubber Company
- Sinopec
- Kurarey
- JSR Corporation
- Thai Carbon Black Public Company Limited (Birla Carbon)
- Orion Engineered Carbons S.A.
- Royal Dutch Shell
- Other Key Market Players
- Chevron Corporation
- Nynas AB
- Petrochina
- Exxonmobil
- Sibur
- Ralson Goodluck Carbon
- Longxing Chemical
- Phillips 66 Company
- S. Zinc
- Horsehead Corporation
- Umicore SA
- SRF Limited
- PPG Industries
- Others