Tyre Gas Market Research Report - by Type (Nitrogen, Carbon Dioxide, Oxygen, and Other gases) and forecast till 2025
Capitalizing on the increasing automotive production, tyre manufacturers across the world are investing in technologies to improve the performance parameters of tyres.
Oxygen is a volatile gas as compared to other gases like argon, propane etc. Hence, removing the gas in favor of the relatively inert nitrogen can significantly reduce the tension and stress level in the tyres. Fewer pressure changes with temperature swings of nitrogen than any other gases are mainly observed by the racers worldwide, which is mainly due to the cooling property of the gas. According to the World Health Organization (WHO), over 1.25 million people die every year due to the road accidents. Near about 20-50 million people suffer from minor injuries. The WHO anticipates that road traffic crashes are likely to become the seventh leading cause of death across the world by the end of 2030.
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For the past 150 years, the air that everyone is using to inflate automotive tyres comprises 79.1% nitrogen. The remaining 20% of gas in tyres is still air, which contains oxygen, leading to tyre burst and fire. Hydrogen and Helium can be the potential gases to replace nitrogen owing to their light weight.
As being an inert gas, nitrogen does not react with oxygen, reducing the chances of tyre burst due to fire. Furthermore, the cooler gas reduces the stress levels on the tyre and also reduces the threat of wearing and tearing. According to the data published in 2016 by the World Health Organization (WHO), nitrogen minimizes the risk of tyre burst in vehicles by almost 90%.
Increasing demand for maintaining fuel efficiency in a vehicle, and reducing the inflation pressure are the major factors leading to the market growth for nitrogen as a tyre gas. Many countries in the European Union have established their own tyre standards to reduce road accidents due to unsafe vehicles or lower level of tyre gas. Several tyre-related regulations imposed by governmental organizations are fuelling the use of nitrogen inflators, further driving the growth of the market. Moreover, the increasing number of vehicles, as well as growing population, is attributed to propel the market growth. Rising demand for personal cars, as well as other types of automobiles, is creating plenty of opportunities for tyre manufacturers to realize the automotive safety and production efficiency.
The global tyre gas market is segmented on the basis of the region, covering North America, Asia Pacific, Europe, and LAMEA. North America is estimated to show a considerable growth rate during the forecast period, owing to the innovations in current technology resulting in the reduction of capital costs and drive up process efficiency. In Asia-Pacific region, the Chinese tyre gas market has almost doubled in value over the past few years, mainly due to their lower cost. Moreover, countries such as South Korea and India are anticipated to grow rapidly owing to the increasing vehicles in the region and also due to increasing young population, which is expected to propel the sports vehicle market and other luxury two-wheeler market.
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LAMEA region is anticipated to show a prominent growth rate in the market, owing to the demand from chemical, petrochemical, and refining operations in the region. The emerging economies in Europe are expected to create major market demand in the upcoming years owing to the increasing awareness regarding tyre safety. Furthermore, European governments in countries such as Germany and France are considered to give over a large share of spending on infrastructure, ranging from 20% to 30%.
• Zhejiang Zhenhuan Automobile Service Equipment Co. Ltd
• Can Gas Systems Co.Ltd
• Wonderfu Automotive Equipment Co.,Ltd
• Instrument research Associates Pvt Ltd.
• Nova Gas Techniques (P) Ltd
• Sunrise Instruments Private Limited
• Icon Embeded Controls
• MASKO TECH ENGINEERS
A leading tyre manufacturing company, 'MilKit', introduced a portable tyre inflator for tubeless tyres. These are cheaper than the air compressors. Another market player in the market, 'Milwaukee Electric Tool Corporation', launched a cordless tyre inflator, which can deliver easier, faster, and accurate inflation.
A leading manufacturer in the market, 'PCL', launched a nitrogen generator consisting of the built-in inflator, using the technology of digital inflation. The company states that this generator and inflator unit might automatically inflate, approximately four tyres simultaneously. By the recent developments in technologies, the innovative products introduced in the market are likely to boost the growth of the tyre market.
Tyre Gas Market segmentation:
• Carbon Dioxide
• Other gases
• North America
o The U.S.
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
o South Africa
o Saudi Arabia
o Rest of LAMEA
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