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Tire Material Market by Type (Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements, and Textile Reinforcements) and by Vehicle Type (Light-weight Commercial Vehicle (LCV), Passenger Car (PC), Heavy Trucks, and Buses): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024

Published Date: 26-Sep-2018 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-3380 Status : Published

Global tire material market expected to generate revenue of around USD 98.56 billion by the end of 2024, growing at a CAGR of around 4.2% between 2018 and 2024. Increase in the automotive production is the major factor driving the market. The tire materials used in the automotive tires provide better traction, stability, and greater adhesive properties.

Description

The report covers forecast and analysis for the tire material market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the protective packaging system market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the protective packaging system market on a global level.

In order to give the users of this report a comprehensive view of the tire material market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the material, type, and application segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Tire Material Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, technology portfolio of various companies according to the region.

The study provides a decisive view of the tire material market by segmenting the market based on material, type, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for tire material market based on all segments in all the regions and countries.

The strong players operating in the tire material market are JSR Corporation, Cabot Corporation, Lanxess, Thai Carbon Black, Bekaert, Columbian, The Goodyear Tire & Rubber Company. The other players in the market are Royal Dutch Shell, Orion Engineered Carbons, American Zinc Recycling LLC, Chevron Corporation, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, Umicore SA, DMACK Tyres, and Exxon Mobil Corporation. 

This report segments the global tire material market as follows:

Global Tire Material Market: Type Recovery Segment Analysis

  • Elastomers
  • Reinforcing Fillers
  • Plasticizers
  • Chemicals
  • Metal Reinforcements
  • Textile Reinforcements

Global Tire Material Market: Vehicle Type Segment Analysis

  • Light-weight Commercial Vehicle (LCV)
  • Passenger Car (PC)
  • Heavy Trucks
  • Buses

Global Tire Material Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global tire material market, 2015 - 2024 (USD Million)
    • 2.2. Global tire material market: snapshot
  •  
  • Chapter 3. Tire Material Market - Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global tire material market drivers: impact analysis
      • 3.2.2. Increase in vehicle usage
      • 3.2.3. Increasing global sales of construction & mining equipment
    • 3.3. Market Restraints
      • 3.3.1. Global tire material market restraints: impact analysis
      • 3.3.2. fluctuating raw material prices
    • 3.4. Opportunities
      • 3.4.1. Demand for eco-friendly tire material
    • 3.5. Porter's five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by type segment
      • 3.6.2. Market attractiveness analysis, by vehicle type segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Tire Material Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global tire material market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Tire Material Market- Type Segment Analysis
    • 5.1. Global tire material market: type overview
      • 5.1.1. Global tire material market revenue share, by type, 2017 and 2024
    • 5.2. Elastomers
      • 5.2.1. Global tire material market for Elastomers market, 2015 - 2024 (USD Million)
    • 5.3. Chemicals
      • 5.3.1. Global tire material market for chemicals market, 2015 - 2024 (USD Million)
    • 5.4. Reinforcing Fillers
      • 5.4.1. Global tire material market for reinforcing fillers market, 2015 - 2024 (USD Million)
    • 5.5. Plasticizers
      • 5.5.1. Global tire material market for plasticizers market, 2015 - 2024 (USD Million)
    • 5.6. Metal Reinforcements
      • 5.6.1. Global tire material market for metal reinforcements market, 2015 - 2024 (USD Million)
    • 5.7. Textile Reinforcements
      • 5.7.1. Global tire material market for textile reinforcements market, 2015 - 2024 (USD Million)
  •  
  • Chapter 6. Global Tire Material Market- Source Type Segment Analysis
    • 6.1. Global tire material market: vehicle type overview
      • 6.1.1. Global tire material market revenue share, by vehicle type, 2017 and 2024
    • 6.2. Light-Weight Commercial (LCV)
      • 6.2.1. Global tire material market for light-weight commercial (LCV) market, 2015 - 2024 (USD Million)
    • 6.3. Passenger Car (PC)
      • 6.3.1. Global tire material market for Passenger Car (PC)market, 2015 - 2024 (USD Million)
    • 6.4. Heavy Trucks
      • 6.4.1. Global tire material market for heavy trucks market, 2015 - 2024 (USD Million)
    • 6.5. Buses
      • 6.5.1. Global tire material market for buses market, 2015 - 2024 (USD Million)
  •  
  • Chapter 7. Global Tire Material Market- Regional Segment Analysis
    • 7.1. Global tire material market: regional overview
      • 7.1.1. Global tire material market revenue share, by region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. North America tire material market revenue, by type, 2015 - 2024 (USD Million)
      • 7.2.2. North America tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.2.3.2. U.S. tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.2.4. Canada
        • 7.2.4.1. Canada tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.2.4.2. Canada tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.2.5. Mexico
        • 7.2.5.1. Mexico tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.2.5.2. Mexico tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe tire material market revenue, by type, 2015 - 2024 (USD Million)
      • 7.3.2. Europe tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.3.3. UK
        • 7.3.3.1. UK tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.3.3.2. UK tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.3.4. Germany
        • 7.3.4.1. Germany tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.3.4.2. Germany tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.3.5. France
        • 7.3.5.1. France tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.3.5.2. France tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.3.6. Spain
        • 7.3.6.1. Spain tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.3.6.2. Spain tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.3.7. Russia
        • 7.3.7.1. Russia tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.3.7.2. Russia tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.3.8. Italy
        • 7.3.8.1. Italy tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.3.8.2. Italy tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific tire material market revenue, by type, 2015 - 2024 (USD Million)
      • 7.4.2. Asia Pacific tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.4.3.2. China tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.4.4.2. Japan tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.4.5. India
        • 7.4.5.1. India tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.4.5.2. India tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.4.6. Southeast Asia
        • 7.4.6.1. Southeast Asia tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.4.6.2. Southeast Asia tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.4.7. Australia
        • 7.4.7.1. Australia tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.4.7.2. Australia tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.4.8.2. South Korea tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America tire material market revenue, by type, 2015 - 2024 (USD Million)
      • 7.5.2. Latin America tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.5.3.2. Brazil tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa tire material market revenue, by type, 2015 - 2024 (USD Million)
      • 7.6.2. Middle East and Africa tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.6.3. GCC Countries
        • 7.6.3.1. GCC Countries tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.6.3.2. GCC Countries tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
      • 7.6.4. South Africa
        • 7.6.4.1. South Africa tire material market revenue, by type, 2015 - 2024 (USD Million)
        • 7.6.4.2. South Africa tire material market revenue, by vehicle type, 2015 - 2024 (USD Million)
  •  
  • Chapter 8. Company Profile
    • 8.1. JSR Corporation
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Cabot Corporation
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Lanxess
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Thai Carbon Black
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Bekaert
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Columbian
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. The Goodyear Tire & Rubber Company
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Royal Dutch Shell
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Orion Engineered Carbons
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. American Zinc Recycling LLC
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

Methodology

Free Analysis

A tire is a strong, tough, flexible rubber covering attached to the rim of a wheel. Tires are used in the trucks, aircraft, tractors, buses, industrial vehicles, motorcycles, bicycles, and others. Most of the tires for vehicles are pneumatic. Pneumatic tires are designed in such a way that air is held under pressure inside the tire. The inner tube in the tires is designed to hold the air pressure. Tires are the only contact between the vehicles and ground, thus it plays a vital role in ensuring that the vehicle is in control. The designing and material composition of the tires is significant to ensure optimum performance. 

Increase in the automotive production is the major factor driving the market. The tire materials used in the automotive tires provide better traction, stability, and greater adhesive properties. These materials help in preventing internal damages, carry the extra load, and also offer a longer life than normal tires. Rising environmental concerns lead to the governmental regulations on emissions of vehicles. Thus, the preference for the electronic vehicles has witnessed an increase in the past years, which, in turn, is propelling the demand for tire materials. Moreover, an increase in the number of automotive vehicles and passenger vehicles leads to the rising demand for the tire materials. Therefore, such factors are anticipated to fuel the market growth during the forecast period.

Global Tire Material Market

On the basis of type, tire material market is classified into elastomers, chemicals, reinforcing fillers, plasticizers, metal reinforcements, and textile reinforcements. Based on the vehicle type, the market is classified into light-weight commercial (LCV), passenger car (PC), heavy trucks, and buses.

Geographically, Asia Pacific is estimated to grow at the highest rate during the upcoming years in terms of both volume and value. The growth in this region is attributed to the easy availability of raw material. India and China are considered to be the major countries in contributing to the growth of the tire material market. Infrastructural facilities and skilled & cheap labor force are the aspects attracting the international automotive manufacturers to invest in the Asia Pacific. Thus, such factors are anticipated to boost the tire material market in this region. Moreover, Europe is expected to see a considerable growth rate during the forecast period. Increasing demand for the eco tires in the region is estimated to positively influence the market growth in upcoming years. 

The strong players operating in the tire material market are JSR Corporation, Cabot Corporation, Lanxess, Thai Carbon Black, Bekaert, Columbian, The Goodyear Tire & Rubber Company. The other players in the market are Royal Dutch Shell, Orion Engineered Carbons, American Zinc Recycling LLC, Chevron Corporation, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, Umicore SA, DMACK Tyres, and Exxon Mobil Corporation. 

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