Press release
Polyurethane Tire Market Set to Reach $2.32 Billion by 2029 with 10% Yearly Growth
Polyurethane Tire Market Size
The anticipated growth of the polyurethane tire market is spearheaded by the swift expansion of retail and e-commerce sectors. E-commerce encompasses all activities involving the buying and selling of commodities and services via the internet, conducted by businesses and individuals. The proliferation of online shopping has resulted in a substantial escalation in these industries. This has consequently led to the establishment of numerous vast warehouses globally. There is a high demand for polyurethane tires for forklifts intended for transporting goods in these facilities. For example, in August 2024, the U.S. retail e-commerce sales for Q2 2024 was a notable $282.3 billion as reported by the United States Census Bureau. This figure represented a 5.3% escalation from Q1 of 2023. Hence, the swift expansion of these industries is the driving force behind the growth of the polyurethane tire market.
Get Your Polyurethane Tire Market Report Here:
https://www.thebusinessresearchcompany.com/report/polyurethane-tire-global-market-report
What growth opportunities are expected to drive the polyurethane tire market's CAGR through 2034?
The scale of the polyurethane tire market has seen considerable expansion in the past few years. The market is projected to rise from $1.48 billion in 2024 to $1.62 billion in 2025, translating to a compound annual growth rate (CAGR) of 9.4%. The previously observed growth can be credited to progress in material science, an increased demand for eco-friendly materials, escalation in industrial and material handling equipment, benefits in load-bearing capacity, and enlargement of warehouse and logistics sectors.
In the upcoming years, the market size for polyurethane tires is projected to experience robust growth, with predictions indicating a rise to $2.32 billion in 2029 and a compound annual growth rate (CAGR) of 9.5%. This anticipated growth in the forecast period can be linked to the emphasis on fuel-efficient and lightweight solutions, rising popularity in electric vehicles, increasing consciousness about tire recycling, customization and bespoke solutions, worldwide events, and supply chain dynamics. The forecast period will also likely see major trends in tire design enhancements, technological integration, elasticity and comfort, smart tire technological integration, advancements in polyurethane formulas, and noise reduction.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9110&type=smp
What are the emerging trends shaping the future of the polyurethane tire market?
In an effort to gain an advantage within the polyurethane tires industry, leading firms are engaged in the production of new tires featuring improved thermal performance. Thermal performance relates to the capability of a system or element to effectively handle and manage heat. For instance, Henkel, an adhesive and sealant provider based in Germany, united with 4JET, a technology firm renowned for its surface treatment processes, in September 2024. They unveiled a revolutionary method to manufacture silent tires, specifically designed for electric vehicles. This unique method tackles problems related to tire noise, enhances the comfort of driving, and reduces sound emissions. The innovative silent tires are crafted using cutting-edge materials and methods, intending to enhance the driving experience for electric vehicle consumers by making the vehicles quieter and more energy-efficient.
Which growth-oriented segments of the polyurethane tire market are leading the industry's development?
The polyurethane tire market covered in this report is segmented -
1) By Type: PPG Polyurethane, PTMEG Polyurethane
2) By Sales Channel: Original Equipment Manufacturer, After market
3) By Application: Forklifts, Overhead Conveyor Systems, Industrial Carts, Railroads, Industrial Washer Systems, Rollforming Machinery, Elevators, Hyperloops
Subsegments:
1) By PPG Polyurethane: Flexible PPG Polyurethane, Rigid PPG Polyurethane
2) By PTMEG Polyurethane: High-Performance PTMEG Polyurethane, Standard PTMEG Polyurethane
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9110
What regions are leading the charge in the polyurethane tire market?
Asia-Pacific was the largest region in the polyurethane tire market in 2024. North America was the second largest region in the polyurethane tire market in 2024. The regions covered in the polyurethane tire market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the polyurethane tire market?
Major companies operating in the polyurethane tire market include 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., Saudi Basic Industries Corp, LyondellBasell Industries NV, China National Chemical Corp., Sinopec Group, DuPont de Nemours Inc., Mitsubishi Chemical Holdings Corp., Sumitomo Chemical Co Ltd., Advanced Urethane Technologies Inc., American Urethane Inc., Argonics Inc., Casters of Amarillo Inc., Dura-Belt Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9110&type=smp
What Is Covered In The Polyurethane Tire Global Market Report?
• Market Size Forecast: Examine the polyurethane tire market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the polyurethane tire market for a structured understanding.
• Key Players Overview: Analyze major players in the polyurethane tire market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the polyurethane tire market.
• Segment Contributions: Evaluate how different segments drive overall growth in the polyurethane tire market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the polyurethane tire market.
• Industry Challenges: Identify potential risks and obstacles affecting the polyurethane tire market.
• Competitive Landscape: Review strategic developments in the polyurethane tire market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polyurethane Tire Market Set to Reach $2.32 Billion by 2029 with 10% Yearly Growth here
News-ID: 3892282 • Views: …
More Releases from The Business Research Company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
More Releases for Polyurethane
Evolving Market Trends In The Polyurethane Sealants (PU) Industry: Polyurethane …
The Polyurethane Sealants (PU) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Polyurethane Sealants (PU) Market Size During the Forecast Period?
The Polyurethane Sealants (PU) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025…
Polyurethane Sealants Market Report 2024 - Polyurethane Sealants Market Trends, …
"The Business Research Company recently released a comprehensive report on the Global Polyurethane Sealants (PU) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The polyurethane sealants (pu)…
Africa MDI, TDI, Polyurethane Market will reach USD 839.96 million by 2030, By A …
Polyurethane is a thermoplastic polymer, which fits in the NHCOO group and mostly use to make elastomers, fillers, and adhesives. Diisocyanates are joined with polyols and additional compounds to make polyurethanes, which provide hardiness and stiffness in elastomers and are accessible in stiff and flexible foam forms. Polyurethanes are utilized in different commercial and manufacturing industries. Toluene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI) are major basic ingredients.
View Detailed Report:…
Modifiers for Polyurethane Resins Market Enhancing Performance and Versatility o …
Global Modifiers for Polyurethane Resins Market Overview:
The Modifiers for Polyurethane Resins market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Modifiers for Polyurethane Resins market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Global Thermoplastic Polyurethane Films (TPU) Market 2020 Growth Rate - BASF SE, …
An informative study named Global Thermoplastic Polyurethane Films (TPU) Market 2020 by Manufacturers, Type and Application, Forecast to 2025 has lately been released for the database of MarketsandResearch.biz that offers detailed research and analysis of key aspects of the global market. The report helps clients by making business conclusions and shapes the future of the organizations. It supplies a comprehensive analysis of business aspects like global Thermoplastic Polyurethane Films (TPU)…
Global Bio Polyurethane (Bio-based Polyurethane) Market, Incredible Possibilitie …
Qyresearchreports include new market research report "Global Bio Polyurethane (Bio-based Polyurethane) Market Insights,Forecast to 2025" to its huge collection of research reports.
The objectives of compiling this business intelligence study have been to introduce the current scenario of the global Bio Polyurethane (Bio-based Polyurethane) market and its future prospects. Consequently, the report provides detailed information pertaining to factors that will determine the prosperity of the market as well as curtail its…
