Overview of Tire Chemicals Market Size & Future Outlook
According to the latest report by MarkNtel Advisors, the Global Tire Chemicals Market size is estimated to grow at a CAGR of around 4.5 % from 2025-2030. This report is designed to enhance user understanding and support informed decision-making by thoroughly analyzing key market shifts, identifying gaps, exploring emerging opportunities, and assessing industry trends and competitive challenges. By combining both qualitative and quantitative data, it offers a comprehensive overview, highlighting growth prospects and providing valuable insights into competitors, helping both established companies and new entrants navigate the current market landscape.
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What are the key drivers influencing the growth of the Tire Chemicals market?
This section provides a detailed analysis of the market drivers and factors is explored thoroughly below.
Expanding Automobile Industry – Globally, the disposable income of individuals is growing, which is resulting in rising sales of vehicles. The logistics requirements owing to augmenting e-commerce have also stimulated the sales of commercial vehicles. All these driving factors of the automobile industry are ultimately creating the demand for tire chemicals. Easy financing solutions also increase the sale of vehicles by providing loans, EMIs, etc. The transportation industry is expanding due to the rising trend of rental services. Moreover, the global sale of automobile vehicles has increased to 92.74 million units in 2023 from 82.71 million units in 2022, as per the facts provided by the OICA. Further, from the total sale of vehicles in 2023, 65.27 million units were of passenger cars, while 27.45 million units were of commercial vehicles. Thus, every year, the expanding automobile industry creates the demand for more and more tires, which ultimately keeps the demand for tire chemicals higher and helps in the growth of the Global Tire Chemicals Market.
How is the Tire Chemicals market segmented and what are the key factors within each segment?
The Tire Chemicals market has been further segmented into distinct categories. Analyzing growth within these segments allows you to identify niche opportunities, develop targeted strategies, and understand the variations in your core application areas and target markets.
By Application Type
- Automobile Tires- Market Size & Forecast 2020-2030, Thousand Tons
- Passenger Car- Market Size & Forecast 2020-2030, Thousand Tons
- Two & three Wheeler – Market Size & Forecast 2020-2030, Thousand Tons
- LCV – Market Size & Forecast 2020-2030, Thousand Tons
- M & HCV – Market Size & Forecast 2020-2030, Thousand Tons
- OTR – Market Size & Forecast 2020-2030, Thousand Tons
- Others (Aircraft Tires, Marine Tires, etc.)- Market Size & Forecast 2020-2030, Thousand Tons
By Chemical Type
- Rubbers- Market Size & Forecast 2020-2030, Thousand Tons
- Natural Rubber- Market Size & Forecast 2020-2030, Thousand Tons
- Synthetic Rubber- Market Size & Forecast 2020-2030, Thousand Tons
- Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
- Amine Antioxidants – Market Size & Forecast 2020-2030, Thousand Tons
- Phenolic Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
- Heterocyclic Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
- Antiozonants- Market Size & Forecast 2020-2030, Thousand Tons
- Fillers- Market Size & Forecast 2020-2030, Thousand Tons
- Carbon Black- Market Size & Forecast 2020-2030, Thousand Tons
- Silica- Market Size & Forecast 2020-2030, Thousand Tons
- Vulcanization Chemicals- Market Size & Forecast 2020-2030, Thousand Tons
- Sulphur- Market Size & Forecast 2020-2030, Thousand Tons
- Zinc Oxide- Market Size & Forecast 2020-2030, Thousand Tons
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific- Market Size & Forecast 2020-2030, Thousand Tons.
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Who are the Key Market Players in the Tire Chemicals industry?
The competitive landscape of the Tire Chemicals market provides a detailed look at the key players in the industry. This includes an overview of each company, their financial performance, revenue generation, and market potential. It also covers their investments in R&D, new market initiatives, production facilities, and strengths and weaknesses. Additionally, the analysis looks at recent product launches, approvals, the range of products offered, their dominance in different applications, and the product life cycle. All of this information is specifically focused on how each company is positioning itself within the market.
Several key players are actively operating in the market, including
- Birla Carbon
- Von Bunditt Company Ltd.
- Business Description
- Cabot Corporation
- Sinochem International
- Evonik Industries AG
- Phillips Carbon Black Limited
- Eastman Chemicals Company
- Sumitomo Chemical Company Limited
- Orion Engineered Carbon S.A
- Lanxess AG
- BASF
- Solvay SA/NV
- ExxonMobil Corporation
- Emery OleoChemicals
- Arkema Chemicals Pvt. Ltd.
Market Advancement by Leading Companies:
- 2024: Birla Carbon announced the construction of two new carbon black plants in Niadupet, Andhra Pradesh, India, and Rayong, Thailand.
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