About Sustainable Tire Materials
These are recycled, renewable, or bio-based materials, thus allowing sustainable tire production with less environmental impact, safe disposal, and a more sustainable future. The aim is to reduce resource consumption and greenhouse gas emissions during tire production. Sustainable tires necessarily consist of natural rubber, recycled rubber, sustainable carbon black, silica, recycled thread, vegetable oils, and eco-friendly chemicals. There is ongoing intensive research for developing newer sustainable tire materials. The pretence of sustainable materials is compatible with a circular economy, thus lessening dependence on non-renewable resources. The most known sustainable ones include natural rubber from dandelions, silicate from rice husk ash, vegetable oils, and recycled PET bottles. Continental's ContiRe.Tex technology produces polyester yarn from recycled PET bottles of high quality, replacing conventional polyester in tire carcasses. The UltraContact NXT tire incorporates up to 65% recycled, renewable, and mass-balance-certified materials. Recycled steel is also used to reinforce the tire. The factors driving the sustainable tire materials market growth are increasing environmental concerns, several government regulations, and an increase in investments in research and development. Alongside the growth of the electric vehicle sales is intended to contribute to market growth.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
APOLLO TYRES LTD (India), Black Bear Carbon B.V. (Netherlands), Bridgestone Corporation (Japan), CONTEC SPOLKA AKCYJNA (Poland), Continental AG (Germany), Dassault Systemes SE (France), Evonik Industries AG (Germany), GRP LTD (India), LDC-KOREA CO., LTD. (South Korea), Lehigh Technologies, Inc. (USA), Nexen Tire Corporation (South Korea), PPG Industries, Inc. (USA), SNR Reclamations Pvt. Ltd. (India), Solvay SA (Belgium), Sumitomo Rubber Industries Ltd. (Japan) and The Goodyear Tire & Rubber Company (USA) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Sustainable Tire Materials market by and Region.
On the basis of geography, the market of Sustainable Tire Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle Type, the sub-segment i.e. Commercial Vehicles will boost the Sustainable Tire Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Aftermarket will boost the Sustainable Tire Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Rubber will boost the Sustainable Tire Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.