Accelerator TBzTD for Tire Market Size, Revenue Share, Insights & Future Outlook

Accelerator TBzTD for Tire Market Size

The global market for Accelerator TBzTD for Tire was estimated to be worth US$ 17 million in 2023 and is forecast to a readjusted size of US$ 21 million by 2030 with a CAGR of 3.2% during the forecast period 2024-2030.

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In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales. According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was ¥131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion.

By Type
• Pure Power
• Spray-dried Oil Powder
• Masterbatch

By Application
• Commercial Vehicle
• Passenger Vehicle

Key Companies

MLPC International, OUCHI SHINKO CHEMICAL, Rhein Chemie Additives, Performance Additives, Puyang Willing Chemicals, Yuhong, Tianyu New Materials, Lianlian Chemical

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This release was published on openPR.