The tire chemicals market is projected to surpass 42.58 million tons by 2025, on account of accelerating demand for highly durable tires majorly by passenger cars, medium & heavy commercial vehicle and OTR tires segment.
Tire chemicals market witnessed a significant decline all across the world over the past few years, on account of oversupply of natural and synthetic rubber by various Asian countries, which created a situation of demand deficit in the global tire chemicals market. Consequently, resulting in declining prices of natural and synthetic rubber globally.
However, increasing government interventions in these Asian countries is expected to positively affect market revenues for natural and synthetic rubber across the world in the coming years, thereby propelling global tire chemicals market during the forecast period. Thus, global tire chemicals market is projected to grow at a moderate pace through 2025.
Global Tire Chemicals Market By:
Global Tire Chemicals Market Size, Share & Forecast
Segmental Analysis - By Type (Natural Rubber, Synthetic Rubber, Carbon Black, Plasticizers, Synthetic Textile/ Fabrics, Fillers, Zinc Oxide, Stearic Acid, Anti-Oxidants, Accelerators & Sulphur), By Vehicle Category (Passenger Cars, LCV, M&HCV, 2W/3W & OTR), By Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa)
Policy & Regulatory Landscape
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
Market trends & Developments
Rising Radialization of M&HCV Tires in Emerging Economies
Growing Inclination Towards High Value Added Tires
Surging Demand for Halo-Butyl Rubber
Green Tires-New Opportunity Area
Increasing Popularity of Specialty Tires
Increasing Research & Development
Shift in Production Landscape Towards Asia-Pacific