Dublin, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The "Tire Material Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global tire material market, valued at $80.67 billion in 2022, is anticipated to burgeon to $85.26 billion in 2023, reflecting an impressive Compound Annual Growth Rate (CAGR) of 5.7%. The market is poised to reach $103.15 billion by 2027, driven by a CAGR of 4.9%.
Key Market Players in Focus
Key players in the tire material market include industry frontrunners:
- Orion Engineered Carbons
- SIBUR International GmbH
- SRF LIMITED
- Nynas AB
- Exxon Mobil Corporation
- PPG Industries, Inc.
- Koninklijke Philips N.V.
- Teijin Aramid B.V.
- Umicore
- Heuver.com
- ATG COGNIZANT
- Metro Tyre
- Federal Corp
- Carlisle Companies Inc.
- Nokian Tyres plc.
Reasons to Choose This Report
- Gain a truly global perspective with comprehensive coverage spanning 50+ geographies.
- Understand the COVID-19 impact and market response as the pandemic subsides.
- Assess the Russia-Ukraine conflict's impact on agriculture, energy, and mineral supply, and its market implications.
- Measure the influence of global inflation on market growth.
- Formulate strategies based on localized data and analysis.
- Identify investment-worthy growth segments.
- Outpace rivals using predictive data and market trends.
- Grasp customer dynamics via the latest market shares.
- Benchmark performance against key competitors.
- Strengthen presentations with reliable, high-quality data and analysis.
Understanding Tire Material
- Tires are crafted from synthetic rubber, natural rubber, cloth, steel cables, carbon black, and chemical compounds.
- Tire material categories encompass elastomers, reinforcing fillers, plasticizers, chemicals, metal reinforcements, textile reinforcements, and more.
- Tire variations include solid tires, pneumatic tires, and retreaded tires.
- Used in diverse vehicles such as two-wheelers, rickshaws, passenger cars, trucks, buses, and utility vehicles.
Emerging Trends: Eco-Friendly Tire Materials
- Eco-friendly tire materials gain traction, incorporating recycled materials for sustainability.
- Leading entities focus on eco-friendly tire development, bolstering market presence.
Regional Dynamics: Asia-Pacific Takes the Lead
- Asia-Pacific dominates the market and is poised for rapid growth.
- Regions covered: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Driving Force: Vehicle Production Increase
- Rising motor vehicle production propels tire material market growth.
- Tires provide traction, braking, and vibration damping for vehicles.
Market Segmentation and Player Landscape
Market Segmentation:
- Type:
- Wireless Door Phone
- Wired Door Phone
- End User:
- Residential
- Non-Residential
Market Players:
- Panasonic Corporation
- Honeywell International Inc.
- ABB Ltd.
- Aiphone
- VTech
- FERMAX Global
- Zmodo
- Legrand
- SkyBell Technologies, Inc.
- 1byone, Inc.
Conclusion: Insights That Drive Success
- Navigate the transformative journey of the tire material market.
- Witness growth from $80.67 billion in 2022 to $85.26 billion in 2023.
- Harness predictive insights, trends, and growth segments.
- Outshine competitors and fortify presentations with reliable data.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $85.26 billion |
| Forecasted Market Value (USD) by 2027 | $103.15 billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Tire Material Market Characteristics
3. Tire Material Market Trends And Strategies
4. Tire Material Market - Macro Economic Scenario
4.1. COVID-19 Impact On Tire Material Market
4.2. Ukraine-Russia War Impact On Tire Material Market
4.3. Impact Of High Inflation On Tire Material Market
5. Tire Material Market Size And Growth
5.1. Global Tire Material Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Tire Material Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Tire Material Market Segmentation
6.1. Global Tire Material Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Elastomers
- Reinforcing Fillers
- Plasticizers
- Chemicals
- Metal Reinforcements
- Textile Reinforcements
- Other Types
6.2. Global Tire Material Market, Segmentation By Tire Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Solid Tire
- Pneumatic Tire
- Retreated Tires
6.3. Global Tire Material Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Two Wheelers
- Rickshaws
- Passenger Cars
- Trucks
- Buses
- Utility Vehicles
- Other Vehicle Types
6.4. Global Tire Material Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Passenger Cars
- Commercial Vehicles
7. Tire Material Market Regional And Country Analysis
7.1. Global Tire Material Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Tire Material Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/ww4go
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