Tire Material Market Scope
The tire material market is driven by the increasing demand for durable, high-performance tires across automotive, aviation, and industrial sectors. Tire materials primarily include natural rubber, synthetic rubber, fillers (such as silica and carbon black), textile reinforcements, and curing agents. Advances in material science are leading to the development of eco-friendly and sustainable alternatives, including bio-based rubbers and recycled materials, to reduce environmental impact. The rising focus on fuel efficiency and lower rolling resistance has pushed manufacturers to integrate silica-based compounds, which enhance grip and durability while improving overall vehicle efficiency. Additionally, carbon black remains a critical component for reinforcement and wear resistance, though innovations in graphene and nanocomposites are gaining traction. The emergence of self-healing and smart tires, embedded with advanced polymers and sensors, is also reshaping the industry landscape. Asia-Pacific, led by China and India, dominates the global tire material market due to high vehicle production and growing aftermarket demand. However, regulatory pressures regarding carbon emissions and sustainability are driving innovation in developed markets such as North America and Europe. Despite opportunities, fluctuations in raw material prices and supply chain disruptions pose challenges, making resilience and material diversification key strategies for industry players.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Lanxess AG (Germany), Cabot Corporation Chevron Corporation (United States), Nynas AB (Sweden), PetroChina Company Limited (China), ExxonMobil Corporation (United States), Sibur Holding PJSC (Russia), Phillips Carbon Black Limited (India), The Goodyear Tire and Rubber Company (United States), Sinopec (China Petroleum & Chemical Corporation) (China), Kuraray Co., Ltd. (Japan), JSR Corporation (Japan), Thai Carbon Black Public Company Limited (Birla Carbon) (Thailand), Orion Engineered Carbons S.A. (United States) and Royal Dutch Shell plc (Netherlands) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Tire Material market throughout the predicted period.
Lanxess AG (Germany), Cabot Corporation Chevron Corporation (United States), Nynas AB (Sweden), PetroChina Company Limited (China), ExxonMobil Corporation (United States), Sibur Holding PJSC (Russia), Phillips Carbon Black Limited (India), The Goodyear Tire and Rubber Company (United States), Sinopec (China Petroleum & Chemical Corporation) (China), Kuraray Co., Ltd. (Japan), JSR Corporation (Japan), Thai Carbon Black Public Company Limited (Birla Carbon) (Thailand), Orion Engineered Carbons S.A. (United States) and Royal Dutch Shell plc (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Chevron Corporation (United States), Nynas AB (Sweden), PetroChina Company Limited (China), ExxonMobil Corporation (United States) and Sibur Holding PJSC (Russia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Tire Material market by Type , by Application (Passenger Cars, Commercial Vehicle and Others) and Region with country level break-up.
On the basis of geography, the market of Tire Material 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).
region held largest market share in the year 2024.
Key Target Audience
Manufacturers, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others