Green Tires Market 2019 | Global Industry Share, Segments & Key Drivers, 2023

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Green Tires Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Green Tires Market Research Report- Forecast to
2023
Green Tires Market - Overview
Vehicles are one of the largest contributors to
air pollution across the world, producing
significant amounts of nitrogen oxide, carbon
monoxide, and other pollutants. Furthermore, air
pollution levels are high due to the use of old
and inefficient diesel vehicles and a lack of
active public transport networks in developing
nations. Vehicle fuel efficiency greatly affects
air pollution. The higher the rolling
resistancethe friction between the tire and road
surfaceof a vehicles tires, the more fuel is
required to overcome the friction, leading to
more pollutants being released. This has led
companies to develop green tires, which reduce
the rolling resistance while still ensuring
driver safety and reducing emissions. While
traditional tires are typically made of rubber,
green tires are manufactured using raw materials
such as silica incorporated rubber, butyl rubber,
silica and silane incorporated rubber, silane
incorporated rubber, recycled rubber, and
renewable raw materials, among others. Increasing
environmental awareness among consumers is a key
driver for the growth of the Global Green Tires
Market. Stringent regulations for vehicle
emissions in developed regions such as North
America and Europe are another major factor
fueling product demand. Furthermore, rising
per-capita income and a growing working
population have led to increased automotive
sales, especially in Asia-Pacific, driving the
demand for green tires during the forecast
period. However, technological restraints such as
uncertainties regarding the choice of raw
materials to be used and the all-season traction
capabilities of green tires are expected to
hamper the growth of the product market during
the forecast period. Furthermore, a lack of
awareness about green tires in emerging economies
is also likely to hinder market growth.
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Green Tires Market Research Report- Forecast to
2023
Segmental Analysis
The Global Green Tires Market has been segmented
by Raw Material, Vehicle Type, Application and
Region. On the basis of Raw Material, the Global
Green Tires Market has been divided into silica
incorporated rubbers, butyl rubber, silica and
silane incorporated rubber, silane incorporated
rubber, recycled rubber, renewable raw materials,
and others. Based on Vehicle Type, the Global
Green Tires Market has been segregated into
passenger cars, light-duty vehicles, heavy-duty
vehicles, motorcycles, aircraft, non-road diesel
equipment, and others. On the basis of
Application, the Global Green Tires Market has
been categorized as on-road and off-road. View
Full Report Description with TOC
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-tires-market-6340

4
Green Tires Market Research Report- Forecast to
2023
Regional Outlook
The Global Green Tires Market has been analyzed
with respect to five regions, namely,
Asia-Pacific, North America, Europe, Latin
America, and the Middle East Africa. Europe
held the largest market share of the Global Green
Tires Market in 2017 and is expected to maintain
its dominance during the forecast period.
Stringent environmental regulations for vehicle
emissions, awareness of the benefits of green
tires, and the presence of an established
automotive industry in Germany contribute to the
growth of the market in the region. North America
was the second-largest green tires market in
2017. Stringent regulations by the US
Environmental Protection Agency (EPA) are
positively influencing the product market in the
region. Asia-Pacific is another major market for
green tires due to the growth of the automotive
industry in China. Furthermore, rising per-capita
income and a growing working population are
boosting regional automotive sales, especially in
India and Japan. The market in the Middle East
Africa is expected to grow during the forecast
period. Latin America held the smallest market
share in 2017 moderate growth of the regional
market is expected during the forecast period.
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Green Tires Market Research Report- Forecast to
2023
Major Players in this Research

• Green Tires Market Prominent Players
• Michelin (France)
• Lanxess (Germany)
• Evonik Industries AG (Germany)
• Bridgestone Americas Tire Operations, LLC (US)
• MRF (India)
• Apollo Tyres (India)
• the Goodyear Tire Rubber Company (US)
• Hankook Tire (South Korea)
• Pirelli Tire North America LLC (US)
• PPG Industries, Inc. (US)
• Green Arc Tire Manufacturing Inc. (Canada)
• Sailun Tires (Canada)
• Cooper Tire Rubber Company (US), and Nexen Tire
  America Inc. (US).

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