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Tire Material Market worth $117.25 billion by 2030, growing at a CAGR of 6.39% - Exclusive Report by 360iResearch

07-17-2024 01:14 PM CET | Logistics & Transport

Press release from: 360iResearch

Tire Material Market | 360iResearch

Tire Material Market | 360iResearch

The "Tire Material Market by Type (Chemicals, Elastomers, Metal Reinforcements), Vehicle Type (Buses, Heavy Trucks, Lightweight Commercial Vehicles) - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

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The tire material market, encompassing natural and synthetic rubber, textiles, steel, and various chemical additives, is driven by factors such as increasing global vehicle production, technological advancements in tire performance, and sustainability trends including the use of eco-friendly and recycled materials. The necessity for high-quality materials is paramount for ensuring tire safety, performance, and regulatory compliance. Applications span across automotive, commercial vehicles, industrial equipment, and aviation, with significant end-use industries including Original Equipment Manufacturers (OEMs) and the aftermarket. Emerging opportunities in the market include the development of specialized tires for Electric Vehicles (EVs), self-healing materials, smart tires with real-time condition monitoring, and advanced recycling initiatives. Key recommendations involve investing in Research and Development (R&D) to innovate materials for EV tires and smart tires, forming strategic partnerships with automotive manufacturers, and focusing on sustainability to meet regulatory demands and consumer preferences. Challenges such as raw material price volatility, stringent environmental regulations, high R&D costs, supply chain disruptions, and market saturation in developed regions pose risks to growth. Innovative areas of research comprise sustainable materials, integrated sensor technology for smart tires, enhancing durability through self-healing compounds, and energy-efficient materials crucial for EVs. The competitive nature of the market necessitates balancing technological advancements, regulatory compliance, and cost-efficiency, with a strategic emphasis on agile supply chain management and sustainable practices to mitigate risks and capture growth opportunities.

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Market Segmentation & Coverage:

This research report categorizes the Tire Material Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Chemicals, Elastomers, Metal Reinforcements, Plasticizers, Reinforcing Fillers, and Textile Reinforcements.

Based on Vehicle Type, market is studied across Buses, Heavy Trucks, Lightweight Commercial Vehicles, and Passenger Cars.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Key Company Profiles:

The report delves into recent significant developments in the Tire Material Market, highlighting leading vendors and their innovative profiles. These include Bekaert SA, Cabot Corporation, Carlisle Companies Inc., Chevron Corporation, Dun & Bradstreet, Inc., Exxon Mobil Corporation, Goodyear Tire & Rubber Company, JSR Corporation, Lanxess AG, Nokian Tyres Inc., Nynas AB, PetroChina Company Limited, PPG Industries, Inc., Royal Dutch Shell PLC, Sibur International Ltd, Sinopec Corporation, and Umicore N.V..

Introducing 360iResearch AI: Revolutionizing Market Intelligence with AI-Powered Insights for the Tire Material Market

We proudly unveil Research AI, a cutting-edge AI product designed to transform how businesses interact with the Tire Material Market. Research AI stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, Research AI is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it's a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Tire Material Market. Embrace the future of market analysis with Research AI, where informed decisions lead to remarkable growth.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Tire Material Market, by Type
7. Tire Material Market, by Vehicle Type
8. Americas Tire Material Market
9. Asia-Pacific Tire Material Market
10. Europe, Middle East & Africa Tire Material Market
11. Competitive Landscape
12. Competitive Portfolio

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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