Tire Materials Market worth US$ 100 Bn by 2028 - PowerPoint PPT Presentation

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Tire Materials Market worth US$ 100 Bn by 2028

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Future Market Insights recently published a report titled “Tire Materials Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028” that offers decisive insights pertaining to the global tire materials market and provides extensive information through organized market research. According to the report, the global tire materials market has been envisaged to approach the valuation of US$ 100 Bn towards the end of forecast period. – PowerPoint PPT presentation

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Title: Tire Materials Market worth US$ 100 Bn by 2028


1
Tire Materials Market
  • March 2020

Report Id REP-GB-9242 Published On
March-2019 Category Chemicals and Materials
2
About Future Market Insights
Future Market Insights (FMI) is a premier
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anecdotes, technology inputs, valuable growth
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and BRIC. Our offerings cover a broad spectrum of
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contact Hari. T (Sr. Manager - Global Business
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m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Tire Materials Market Analysis
  • Future Market Insights recently published a
    report titled Tire Materials Market Global
    Industry Analysis 20132017 and Opportunity
    Assessment 20182028 that offers decisive
    insights pertaining to the global tire materials
    market and provides extensive information through
    organized market research. According to the
    report, the global tire materials market has been
    envisaged to approach the valuation of US 100 Bn
    towards the end of forecast period.
  • Silica to Witness an Upsurge in Demand with
    Increasing Production of Green Tires
  • Synthetic rubber and fillers used in automotive
    tires have significantly changed over the past
    decade. Attributing to the rising environmental
    concerns, many regions have formed regulations
    that mandate tire labeling. The implementation of
    labeling initiatives and growing environmental
    concerns have led to an increase in the
    production of high-performance tires or green
    tires. Regulatory bodies have also laid
    incentives for manufacturers and consumers with a
    preference for performance tires.

5
Tire Materials Market Analysis
  • Due to the adoption of green technology, silica
    is extensively being used as a filler material as
    an effective replacement for carbon black in the
    recent years. The adoption of silica in the
    production of green tires has reduced CO2
    emissions almost by 7 and increased fuel
    efficiency. Thus, increasing focus towards the
    reduction of carbon footprint and greenhouse gas
    effects is driving the demand for silica in tire
    production.
  • Increasing Automotive Production and Ever-rising
    Size of Vehicle Fleet to Boost the Tire Materials
    Market
  • Tires are a vital part of the automotive industry
    and thus, the production and sales of vehicles
    directly affect the dynamics within the tire
    industry. Increasing automotive production in
    emerging economies has been driving the demand
    for tires from OEM manufacturers, which has led
    to an increase in tire production activities.
    Growing tire production is driving the demand for
    tire materials. In a vehicle, a tire is one such
    part that must be replaced frequently, after
    every 2-3 years.

6
Tire Materials Market Analysis
  • A tire experiences maximum wear and tear.
    Further, it is estimated that in FY2017, the
    global vehicle parc was about 1.3 Billion. Thus,
    it can be easily concluded that the growing
    vehicle parc and production will augment the
    market of automotive tires. Expansion of the tire
    industry is expected to fuel the demand for tire
    materials while the growing fleet size will add
    to tire replacement activities and indirectly
    influence the demand for tire materials.
  • Increasing middle-class population, coupled with
    rising urbanization in developing countries, is
    expected to increase the number of vehicle owners
    as many people will be able to afford vehicles.
    Apart from this, the increasing youth population
    has also led to an increase in the sales of
    automotive, which is a positive sign for the tire
    materials market.

7
Tire Materials Market Analysis
Also, changing lifestyle and increased standard
of living have increased the adoption of
high-performance tires as well as branded tires,
which is expected to positively impact the tire
materials market. The increasing number of
vehicle owners will push the growth of both OEM
as well as aftermarket segments and thus, the
growing demand for tires is expected to boost the
tire materials market in the coming period. East
Asia will Become a Prominent Regional Market for
Tire Materials The global tire industry has been
witnessing a shift in tire manufacturing
activity, with East Asia and South Asia
accounting for more than 50 of tire
manufacturing facilities. Easily available raw
materials, economic political stability, and
availability of skilled cheap labor have
attracted key tire manufacturers to invest in
East Asia and South Asia.
8
Tire Materials Market Analysis
China and Japan are prominent tire manufacturing
countries wherein China is estimated to be the
leading tire producer and the presence of
companies such as Bridgestone Corporation and
Yokohama Rubber Company makes Japan a promising
tire manufacturing country, owing to which East
Asia is estimated to be the prominent market for
tire materials. North America and Europe tire
industries are estimated witness a slowdown in
the coming years, due to the increasing
competition from Chinese tire manufacturers and
their low-ranged products. However, North
America and Europe are anticipated to be
potential markets for tire materials, owing to
the predominance of key tire manufacturers in the
region. Solvay SA, Lanxess AG, Exxon Mobil
Corporation, JSR Corporation, Cabot Corporation,
Birla Carbon, and Evonik Industries AG are among
the key players identified in the tire materials
market.
9
Tire Materials Market Analysis
  • Press Release Source https//www.globenewswire.co
    m/news-release/2019/03/26/1768320/0/en/Tire-Materi
    als-Market-will-reach-at-a-CAGR-of-4-0-from-2018-t
    o-2028-Future-Market-Insights.html
  • More from FMIs Chemicals Materials Market
    Intelligence
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  • Request for covid19 Impact Analysis
    https//www.futuremarketinsights.com/covid19/rep-g
    b-9242

10
Tire Materials Market Analysis
About Future Market Insights (FMI) Future Market
Insights (FMI) is a leading provider of market
intelligence and consulting services, serving
clients in over 150 countries. FMI is
headquartered in London, the global financial
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industry analysis help businesses navigate
challenges and take critical decisions with
confidence and clarity amidst breakneck
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11
Tire Materials Market Analysis
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For more insights on the Tire Materials
Market, you can request a report sample with full
TOC at https//www.futuremarketinsights.com/report
s/sample/rep-gb-9242
12
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