Press release
Polyurethane Tire Market Outlook: Explore the Market Size, Key Players, Market Trends, and Forecast from 2024 to 2029
Polyurethane Tire Market Share
Unveiling progressive growth in the polyurethane tire market, the industry size, CAGR, key demand drivers, and leading trends.
What Is The Projected Market Size Of The Global Polyurethane Tire Market And Its Growth Rate?
• The polyurethane tire market has shown impressive growth, escalating from $1.48 billion in 2024 to an anticipated $1.62 billion in 2025 with a CAGR of 9.4%.
• The increase in market size is attributed to advancements in material science, a surge in demand for sustainable materials, growth in industrial and material handling equipment, benefits in load-bearing capacity, and expansion of warehouse and logistics industries.
• Looking ahead, the polyurethane tire market anticipates strong growth, projected to reach $2.32 billion in 2029 with a CAGR of 9.5%.
• The forecasted growth stems from a focus on lightweight and fuel-efficient solutions, increased adoption in electric vehicles, growing awareness of tire recycling, customization and tailored solutions, global events, and supply chain dynamics.
What Is Driving The Growth In The Polyurethane Tire Market?
The exponential growth of the retail and e-commerce industries is pivotal in driving the market for polyurethane tires. The rise of online shopping has led to a surge in demand for logistics and warehouse services, subsequently increasing the requirement for polyurethane tires in material handling applications such as forklifts.
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Who Are the Key Players Driving Polyurethane Tire Market Growth?
• Amerityre Corporation
• Stellana AB
• Thombert Inc.
• Uremet Corporation
• TVS Group
• Albion Casters
• Softex Industrial Products Pvt. Ltd.
• FallLine Corporation
• Satyanarayan Rubber And Plastic Industries
• Aleader Tire & Wheel Industrial Co. Ltd.
• BASF SE
• Dow Inc.
• LyondellBasell Industries NV
• China National Chemical Corp.
• Sinopec Group
• DuPont de Nemours Inc.
• Mitsubishi Chemical Holdings Corp.
• Sumitomo Chemical Co Ltd.
• American Urethane Inc.
• Advanced Urethane Technologies Inc.
• Argonics Inc.
What Are The Key Trends In The Polyurethane Tire Market?
• Advancements in tire design
• Technological integration for improved elasticity and comfort
• Development of smart tires with advanced polyurethane formulations
• Emphasis on noise reduction
What Are The Segments Of The Global Polyurethane Tire Market?
• By Type: PPG Polyurethane, PTMEG Polyurethane
• By Sales Channel: Original Equipment Manufacturer, After market
• By Application: Forklifts, Overhead Conveyor Systems, Industrial Carts, Railroads, Industrial Washer Systems, Rollforming Machinery, Elevators, Hyperloops
Which Region Leads The Polyurethane Tire Market?
Asia-Pacific dominated the market in 2024 followed by North America, emerging as the largest and the second largest regions respectively in the polyurethane tire market. The covered regions fall under Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Polyurethane Tire Market Global Market Report?
- Market Size Analysis: Analyze the Polyurethane Tire Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Polyurethane Tire Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Polyurethane Tire Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Polyurethane Tire Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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