Global Green Tires Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028

Stratistics MRC's Global Green Tires Market value is expected to reach $60.4 billion growing at a CAGR of 11.6% during 2022-2028.

In order to maintain a good grip on the road, green tyres are developed with both aerodynamics and lightweight in mind. In order to retain more energy when driving and reduce rolling resistance, these tyre types also use a specific kind of firmly bonded rubber in the tread blocks. As a result, less engine power is required to rotate the tyre. Traditional tyres are made using a manufacturing technique that produces significant amounts of pollution and uses materials that are not renewable. Rubber and other petroleum-based compounds, which are added to conventional tyres, are some of these materials.
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Europe is projected to have the highest CAGR over the forecast period, owing to increasing stringency in government regulations in order to reduce carbon emissions and promote environment-friendly vehicles and vehicular components. The presence of a robust healthcare system in the area, increasing investment in a sustainable transportation system, increased awareness among government agencies for the green economy, and most crucially, the use of silica in tyre treads, are all factors that have contributed to the market's rise.
Some of the key players profiled in the Green Tires Market include Bridgestone, Giti Rubber, Hankook Tire Co., Ltd., Nokian Tires plc, Apollo Tires, Nexen, ZC Rubber, Goodyear Tire and Rubber Company, Continental AG, MRF, Petlas, Michelin, Yokohama Rubber Co., Ltd., Toyo Tire Corporation and Kumho Tire Company.
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