Press release
Global Tire Material Market In depth Analysis and Business Development Strategies Till 2025 - Top manufacturers are., Shell, Chevron, Nynas AB, The Goodyear Tire & Rubber Company, ExxonMobil, Nokian Tyres plc, PPG Industries, American Zinc Recycling Corp
Global Tire Material Market
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.
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The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the Global Tire Material Market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the Global Tire Material Market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and market profitability.
Prominent players of Global Tire Material Market are China Petroleum & Chemical Co., Ltd., Shell, Chevron, Nynas AB, PetroChina, Ralson Goodluck Carbon Pvt. Ltd., LANXESS, Cabot Corporation, The Goodyear Tire & Rubber Company, JSR Corporation, Orion Engineered Carbons, ExxonMobil, SIBUR International GmbH, Longxing Chemical Industry Co., Ltd., U.S. Zinc, American Zinc Recycling Corp. (formerly known as Hors, PPG Industries, Umicore, Teijin Aramid, Teijin Aramid Asia Co. Ltd., Aeolus Tyre Co. Ltd., Australian Tyre Traders, Carlisle Companies Inc, DMACK Tyres, Federal Corporation, PT. Multistrada Arah Sarana, Tbk, Nokian Tyres plc, Omni United, Shandong Hengfeng Rubber & Plastic Co., Ltd., and others.
Research objectives
• To study and analyze the global tire material (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2025.
• To understand the structure of tire material market by identifying its various subsegments.
• Focuses on the key global tire material players, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the tire material with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the consumption of tire material submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies
Major Market Drivers & Market Restraint
• 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
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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.
Market Segmentation
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
By Type
• Elastomers
• Reinforcing Fillers
• Plasticizers
• Chemicals
• Metal Reinforcements
• Textile Reinforcements
• Others
By Vehicle Type
• Passenger Cars
• Trucks
• Mining & construction
• Buses
• Agricultural vehicles
• Others
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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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