2023 Tire Material Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include Orion Engineered Carbons, SIBUR International GmbH, SRF LIMITED, Nynas AB, Exxon Mobil Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Tire Material Market Size, Growth Rate, And Forecast
The global tire material market is expected to grow from $80.67 billion in 2022 to $85.26 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The tire material market is expected to reach $103.15 billion in 2027 at a CAGR of 4.9%.

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Tire Material Market Drivers
An increase in the production of motor vehicles is expected to propel the growth of the tire materials market going forward. A motor vehicle refers to any vehicle, tractor-trailer, or semi-trailer that is driven or towed by a mechanical method and is used to convey goods on roadways. Tires function to provide traction for acceleration and braking while also limiting vibration transmission to the automobile body.

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Tire Material Market Segments
• By Type: Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements, Textile Reinforcements, Other Types
• By Tire Types: Solid Tire, Pneumatic Tire, Retreated Tires
• By Vehicle Type: Two Wheelers, Rickshaws, Passenger Cars, Trucks, Buses, Utility Vehicles, Other Vehicle Types,,, By Application: Passenger Cars, Commercial Vehicles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Tire Material market.

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Tire Material Market Key Players
Major competitors in the Tire Material market include Orion Engineered Carbons, SIBUR International GmbH, SRF LIMITED, Nynas AB, Exxon Mobil Corporation, PPG Industries, Inc., Koninklijke Philips N.V., Teijin Aramid B.V.

The Business Research Company's "Global Tire Material Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Tire Material Market Include:
1. Executive Summary
2. Tire Material Market Characteristics
3. Tire Material Market Trends And Strategies
4. Tire Material Market - Macro Economic Scenario
5. Tire Material Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Tire Material Market
29. Tire Material Market Future Outlook and Potential Analysis
30. Appendix

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