Press release
Global Tire Material Market to Hold Success by Healthy CAGR at 4.2% by Industry Size, Shares and Forecast Up to 2025 - LANXESS, Cabot Corporation, The Goodyear Tire & Rubber Company, JSR Corporation, Columbian and others
Global Tire Material Market
According to the Industrial Trade Administration, in 2017, U.S. light vehicle sales reached up to 17.1 million units. In the same year, about 2.0 million new light vehicles and 130,000 medium and heavy trucks were shipped by the U.S. to more than 200 markets all around the world with additional exports of automotive parts valued almost about USD 85.6 billion. The above mentioned factors prove that the market for the automobile industry is growing drastically around the globe and will ultimately drive the demand for tire material.
Market Analysis
The Global Tire Material Market is expected to reach USD 103.37 billion by 2025, from USD 73.98 billion in 2017 growing at a CAGR of 4.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Frequently Asked Questions?
• What will the market size be in 2025?
• What are the key factors driving the global market?
• What are the challenges to market growth?
• Who are the key players in the market?
• What are the market opportunities and threats faced by the key players?
• What will be the growth rate in 2025?
• Which strategies are used by top players in the Global Tire Material Market?
Global Tire Material Market, By Type (Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements, Textile Reinforcements, Others), By Vehicle Type (Passenger Cars, Trucks, Buses, Agricultural Vehicles, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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TABLE OF CONTENTS
1) Introduction
2) MARKET SEGMENTATION
3) Market Overview
• Drivers
• Restraints
• OPPORTUNITIES
• CHALLENGES
4) EXECUTIVE SUMMARY
5) premium insights
6) Global Tire Material Market, by Type
7) Global Tire Material Market, by Vehicle Type
8) Global Tire Material Market, by geography
• Overview
• North America
• Europe
• Asia-Pacific
• south America
• Middle East and Africa
9) Global Tire Material Market, Competitive Analysis
10) company profiles
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Major Market Drivers & Market Restraint: Global Tire Material Market
• Growth in the automotive industry
• Improvement in rubber chemistry and tier design
• Rising demand from developing countries
• Continuous change in raw material prices
• Strict government regulation regarding road safety
Market Segmentation: Global Tire Material Market
By Type
• Elastomers
• Reinforcing Fillers
• Plasticizers
• Chemicals
• Metal Reinforcements
• Textile Reinforcements
• Others
By Vehicle Type
• Passenger Cars
• Trucks
• Mining & construction
• Buses
• Agricultural vehicles
• Others
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
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Competitive Landscape
The global tire material market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tire material market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Top Competitors of Market
• LANXESS
• Cabot Corporation.
• The Goodyear Tire & Rubber Company
• JSR Corporation
• Columbian
• China Petroleum & Chemical Corporation,
• Ralson Goodluck Carbon,
• Longxing Chemical,
• Phillips,
• U.S. Zinc.,
• American Zinc Recycling LLC,
• PPG Industries, Inc,
• SRF Limited,
• Birla Tyres,
• Carlisle Companies Inc.,
• DMACK Tyres,
• Federal Corporation,
• Orion Engineered Carbons,
• Royal Dutch Shell,
• Chevron Corporation,
• Nynas AB,
• PetroChina Company Limited,
• Exxon Mobil Corporation.,
• SIBUR INTERNATIONAL,
• Multistrada Arah Sarana,
• PT Tbk.,
• Nokian Tyres Group
Visit Report @ https://databridgemarketresearch.com/reports/global-tire-material-market/
Related Report:
Global Styrene Butadiene Rubber Market: The Global Styrene Butadiene Rubber Market accounted for USD 8.78 billion in 2017 and is projected to grow at a CAGR of 5.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Visit Report @ https://databridgemarketresearch.com/reports/global-styrene-butadiene-rubber-market/
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process
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Data Bridge Market Research
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Email: sopan.gedam@databridgemarketresearch.com
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