Name: Tire Material Market by Type (Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements and Textile Reinforcements), Application (Light-Weight Commercial Vehicles [LCVs], Passenger Cars [PCs] and Heavyweight Commercial Vehicles [HCVs]), by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global Trends and Forecast from 2022 to 2029
Price: 3499 USD
Availability: InStock
Rating: 4.5 (94 reviews)
Author: Exactitude Consultancy
ISBN: 3647

Tire Material Market Overview

The global tire material market size is estimated to be valued at USD 79.46 billion in 2020 and is projected to reach USD 125.40 billion by 2029, recording a CAGR of 5.2%.

The tire, essential for accommodating a footprint tailored to the vehicle's weight, constitutes a pivotal element of automotive engineering. Predominantly comprised of synthetic rubber, natural rubber, textile, steel wires, carbon black, and other chemical compounds, tires, commonly pneumatically inflated, serve as resilient cushions mitigating shocks encountered while traversing uneven terrain. Notably, butadiene rubber and styrene-butadiene rubber stand as primary artificial rubber polymers integral to tire manufacturing processes.

In tandem with escalating environmental sustainability concerns, there exists a burgeoning demand for fuel-efficient tires aimed at curbing CO2 emissions. Not only do fuel-efficient tires offer environmental benefits by reducing both CO2 emissions and air pollution, but they also manifest potential to diminish CO2 emissions by up to 4%, as corroborated by the US Environmental Protection Agency.

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Tire Material Market | Exactitude Consultancy[/caption]

The propulsion of the Global Tire Material Market hinges significantly upon the surge in tire production and the escalating necessity for tire replacements in emerging economies. As the automotive sector increasingly emphasizes containment and traction in vehicle design, the spotlight has shifted towards materials such as carbon black, wire, and synthetic rubber. Rigorous material testing within the automotive industry has concurrently propelled demand for tire materials, fostering expansion within the tire material sector. Moreover, governments worldwide have made substantial investments in automotive engineering technology, further catalyzing market growth.

Given the pivotal role of the automobile industry in shaping a nation's GDP, governmental investments in this sector reverberate within the Tire Material Market. Nevertheless, persistent fluctuations in raw material prices and suboptimal supply and demand management pose constraints to industry expansion. Notwithstanding, the escalating demand for eco-friendly pneumatic materials and the collaborative efforts of pneumatic material manufacturers and other market stakeholders in technological advancements present vast market opportunities, concurrently elevating product quality and market offerings.

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Tire Material Market | Exactitude Consultancy[/caption]

Tire Material Market Segment Analysis

In terms of volume, the elastomer category accounts for the biggest share of the tire materials business, compared to other materials. Natural and synthetic rubber are examples of elastomers. The rise in car sales worldwide as a result of population growth and the necessity for mobility raises the demand for tyres, which is expected to rise significantly throughout the forecast period.

The passenger car sector is expected to grow at the fastest rate in the tire materials market. The reduction in loan rates through banking services, as well as different government programs and incentives to develop company units, could boost car sales globally.

Tire Material Market Players

Market players focus on growth strategies, such as new product launches, collaborations, partnerships, operational expansion, mergers & acquisitions, and awareness campaigns. Companies operating the target market can focus on partnerships and collaborations, in order to develop advanced products which in turn create lucrative growth opportunities. Few of the important market players include Orion Engineered Carbons, Royal Dutch Shell, China Petroleum & Chemical Corporation, Chevron Corporation, Nynas AB, Petro China Company Limited, Exxon Mobil Corporation, SIBUR INTERNATIONAL, American Zinc Recycling LLC, PPG Industries and Ralson Goodluck Carbon.

Companies are mainly in the developing and they are competing closely with each other. Innovation is one of the most important and key strategy as it has to be for any market. However, companies in the market have also opted and successfully driven inorganic growth strategies like mergers & acquisition and so on.

In December 2021, the Goodyear Tire & Rubber Company, an American multinational tire manufacturing company, announced entering into a collaboration agreement with a next generation chemical and energy company, Monolith for development of carbon black from methane for tires.
In September 2017, Thai Carbon Black Public Company Limited commenced its operation to produce carbon black in a greenfield facility in Jining, China. The plant is being constructed in two phases. Currently, the company has installed a production capacity of 120,000 ton per year in phase 1 and is expected to increase the production capacity to 240,000 tons. This expansion will enable the company to serve its customers in China.

Who Should Buy? Or Key Stakeholders

Tire material Companies
Research Organizations
Investors
Regulatory Authorities
Others

Tire Material Market Regional Analysis

The Tire material market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

North America: includes US, Canada and Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

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Tire Material Market | Exactitude Consultancy[/caption]

The major share is expected to be occupied by Asia Pacific for global tire material market during the forecast period. In terms of value and volume, the tire materials industry in Asia Pacific is expected to develop at the fastest CAGR over the forecast period. The key nations contributing to the expansion of the global tire materials business in this area are China and India. Major worldwide automakers have invested in Asia-Pacific because of the simple availability of raw resources, political and economic stability, well-developed infrastructure, and inexpensive, skilled labor. As a result, all of these factors are expected to boost the Asia-Pacific tire materials business.

Key Takeaways

The global tire material market is recording a CAGR of 5.2%
In terms of volume, the elastomer category accounts for the biggest share of the tire materials business.
The passenger car sector is expected to grow at the fastest rate in the tire materials market.
The major share is expected to be occupied by Asia Pacific for global tire material market.
The tire material market is experiencing steady growth driven by increasing demand for fuel-efficient and high-performance tires, along with advancements in sustainable materials.

Key Market Segments: Tire Material Market

Tire Material Market by Type, 2020-2029, (USD Million) (Kilotons)

Elastomers
Reinforcing Fillers
Plasticizers
Chemicals
Metal Reinforcements
Textile Reinforcements

Tire Material Market by Application, 2020-2029, (USD Million) (Kilotons)

Light-Weight Commercial Vehicles [LCVs]
Passenger Cars [Pcs]
Heavyweight Commercial Vehicles [HCVs]

Tire Material Market by Regions, 2020-2029, (USD Million) (Kilotons)

North America
Europe
Asia Pacific
South America
Middle East And Africa

Important Countries In All Regions Are Covered.

Key Question Answered

What is the current market size of this high growth market?
What is the overall growth rate?
What are the key growth areas, applications, end uses and types?
Key reasons for growth
Challenges for growth
Who are the important market players in this market?
What are the key strategies of these players?
What technological developments are happening in this area?

Introduction
1. Market Definition
2. Market Segmentation
3. Research Timelines
4. Assumptions And Limitations

Research Methodology
1. Data Mining
  1. Secondary Research
  2. Primary Research
  3. Subject-Matter Experts’ Advice
2. Quality Checks
  1. Final Review
3. Data Triangulation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Research Flow
4. Data Sources

Executive Summary

Market Overview
1. Global Tire Material Market Outlook
  1. Market Drivers
  2. Market Restraints
  3. Market Opportunities
2. Impact Of Covid-19 On Global Tire Material Market

Global Tire Material Market By Type, (USD Million) (Kilotons)
1. Elastomers
2. Reinforcing Fillers
3. Plasticizers
4. Chemicals
5. Metal Reinforcements
6. Textile Reinforcements

Global Tire Material Market By Application, (USD Million) (Kilotons)
1. Light-Weight Commercial Vehicles [Lcvs]
2. Passenger Cars [Pcs]
3. Heavyweight Commercial Vehicles [Hcvs]

Global Tire Material Market By Region, (USD Million) (Kilotons)
1. Introduction
2. Asia-Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Australia
  6. South-East Asia
  7. Rest Of Asia-Pacific
3. North America
  1. United States
  2. Canada
  3. Mexico
4. Europe
  1. Germany
  2. United Kingdom
  3. France
  4. Italy
  5. Spain
  6. Russia
  7. Rest Of Europe
5. South America
  1. Brazil
  2. Argentina
  3. Colombia
  4. Rest Of South America
6. Middle East and Africa
  1. UAE
  2. Saudi Arabia
  3. South Africa
  4. Rest Of Middle East and Africa

Company Profiles* (Business Overview, Company Snapshot, Types Offered, Recent Developments)

Orion Engineered Carbons

Royal Dutch Shell

China Petroleum & Chemical Corporation

Chevron Corporation

Nynas AB

Petro China Company Limited

Exxon Mobil Corporation

SIBUR INTERNATIONAL

American Zinc Recycling LLC

PPG Industries

*The Company List Is Indicative

LIST OF TABLES

TABLE 1                GLOBAL TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 2                GLOBAL TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 3                GLOBAL TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 4                GLOBAL TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 5                GLOBAL TIRE MATERIAL MARKET BY REGION (USD MILLIONS), 2020-2029

TABLE 6                GLOBAL TIRE MATERIAL MARKET BY REGION (KILOTONS), 2020-2029

TABLE 7                NORTH AMERICA TIRE MATERIAL MARKET BY COUNTRY (USD MILLIONS), 2020-2029

TABLE 8                NORTH AMERICA TIRE MATERIAL MARKET BY COUNTRY (KILOTONS), 2020-2029

TABLE 9                US TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 10              US TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 11              US TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 12              US TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 13              CANADA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 14              CANADA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 15              CANADA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 16              CANADA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 17              MEXICO TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 18              MEXICO TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 19              MEXICO TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 20              MEXICO TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 21              SOUTH AMERICA TIRE MATERIAL MARKET BY COUNTRY (USD MILLIONS), 2020-2029

TABLE 22              SOUTH AMERICA TIRE MATERIAL MARKET BY COUNTRY (KILOTONS), 2020-2029

TABLE 23              BRAZIL TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 24              BRAZIL TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 25              BRAZIL TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 26              BRAZIL TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 27              ARGENTINA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 28              ARGENTINA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 29              ARGENTINA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 30              ARGENTINA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 31              COLOMBIA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 32              COLOMBIA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 33              COLOMBIA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 34              COLOMBIA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 35              REST OF SOUTH AMERICA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 36              REST OF SOUTH AMERICA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 37              REST OF SOUTH AMERICA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 38              REST OF SOUTH AMERICA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 39              ASIA-PACIFIC TIRE MATERIAL MARKET BY COUNTRY (USD MILLIONS), 2020-2029

TABLE 40              ASIA-PACIFIC TIRE MATERIAL MARKET BY COUNTRY (KILOTONS), 2020-2029

TABLE 41              INDIA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 42              INDIA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 43              INDIA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 44              INDIA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 45              CHINA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 46              CHINA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 47              CHINA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 48              CHINA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 49              JAPAN TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 50              JAPAN TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 51              JAPAN TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 52              JAPAN TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 53              SOUTH KOREA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 54              SOUTH KOREA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 55              SOUTH KOREA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 56              SOUTH KOREA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 57              AUSTRALIA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 58              AUSTRALIA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 59              AUSTRALIA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 60              AUSTRALIA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 61              SOUTH-EAST ASIA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 62              SOUTH-EAST ASIA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 63              SOUTH-EAST ASIA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 64              SOUTH-EAST ASIA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 65              REST OF ASIA PACIFIC TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 66              REST OF ASIA PACIFIC TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 67              REST OF ASIA PACIFIC TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 68              REST OF ASIA PACIFIC TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 69              EUROPE TIRE MATERIAL MARKET BY COUNTRY (USD MILLIONS), 2020-2029

TABLE 70              EUROPE TIRE MATERIAL MARKET BY COUNTRY (KILOTONS), 2020-2029

TABLE 71              GERMANY TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 72              GERMANY TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 73              GERMANY TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 74              GERMANY TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 75              UK TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 76              UK TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 77              UK TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 78              UK TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 79              FRANCE TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 80              FRANCE TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 81              FRANCE TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 82              FRANCE TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 83              ITALY TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 84              ITALY TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 85              ITALY TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 86              ITALY TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 87              SPAIN TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 88              SPAIN TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 89              SPAIN TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 90              SPAIN TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 91              RUSSIA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 92              RUSSIA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 93              RUSSIA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 94              RUSSIA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 95              REST OF EUROPE TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 96              REST OF EUROPE TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 97              REST OF EUROPE TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 98              REST OF EUROPE TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 99              MIDDLE EAST AND AFRICA TIRE MATERIAL MARKET BY COUNTRY (USD MILLIONS), 2020-2029

TABLE 100            MIDDLE EAST AND AFRICA TIRE MATERIAL MARKET BY COUNTRY (KILOTONS), 2020-2029

TABLE 101            UAE TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 102            UAE TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 103            UAE TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 104            UAE TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 105            SAUDI ARABIA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 106            SAUDI ARABIA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 107            SAUDI ARABIA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 108            SAUDI ARABIA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 109            SOUTH AFRICA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 110            SOUTH AFRICA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 111            SOUTH AFRICA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 112            SOUTH AFRICA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

TABLE 113            REST OF MIDDLE EAST AND AFRICA TIRE MATERIAL MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 114            REST OF MIDDLE EAST AND AFRICA TIRE MATERIAL MARKET BY TYPE (KILOTONS), 2020-2029

TABLE 115            REST OF MIDDLE EAST AND AFRICA TIRE MATERIAL MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 116            REST OF MIDDLE EAST AND AFRICA TIRE MATERIAL MARKET BY APPLICATION (KILOTONS), 2020-2029

LIST OF FIGURES

FIGURE 1       MARKET DYNAMICS

FIGURE 2       MARKET SEGMENTATION

FIGURE 3       REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4       DATA TRIANGULATION

FIGURE 5       BOTTOM-UP APPROACH

FIGURE 6       TOP-DOWN APPROACH

FIGURE 7       RESEARCH FLOW

FIGURE 8       GLOBAL TIRE MATERIAL MARKET BY TYPE, USD MILLION, 2020-2029

FIGURE 9       GLOBAL TIRE MATERIAL MARKET BY APPLICATION, USD MILLION, 2020-2029

FIGURE 10     GLOBAL TIRE MATERIAL MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 11     PORTER’S FIVE FORCES MODEL

FIGURE 12     GLOBAL TIRE MATERIAL MARKET BY TYPE, USD MILLION, 2020-2029

FIGURE 13     GLOBAL TIRE MATERIAL MARKET BY APPLICATION, USD MILLION, 2020-2029

FIGURE 14     GLOBAL TIRE MATERIAL MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 15     TIRE MATERIAL MARKET BY REGION 2020

FIGURE 16     MARKET SHARE ANALYSIS

FIGURE 17     ORION ENGINEERED CARBONS: COMPANY SNAPSHOT

FIGURE 18     ROYAL DUTCH SHELL: COMPANY SNAPSHOT

FIGURE 19     CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT

FIGURE 20     CHEVRON CORPORATION: COMPANY SNAPSHOT

FIGURE 21     NYNAS AB: COMPANY SNAPSHOT

FIGURE 22     PETRO CHINA COMPANY LIMITED: COMPANY SNAPSHOT

FIGURE 23     EXXON MOBIL CORPORATION: COMPANY SNAPSHOT

FIGURE 24     SIBUR INTERNATIONAL: COMPANY SNAPSHOT

FIGURE 25     AMERICAN ZINC RECYCLING LLC: COMPANY SNAPSHOT

FIGURE 26     PPG INDUSTRIES: COMPANY SNAPSHOT

Identifying Key Products in the Market

The identification of key products in any market is pivotal for understanding what drives consumer interest, technological innovation, and competitive advantage. Here’s how to approach this:
Market Analysis Reports: Start with syndicated market analysis reports from firms like Nielsen, Euromonitor, or specialized industry analysts. These reports often highlight leading products based on sales data, innovation, and consumer feedback.
Patent Filings: Reviewing patent filings can provide insight into technological innovations and future products that may impact the market. Databases like the United States Patent and Trademark Office (USPTO) or the World Intellectual Property Organization (WIPO) can be invaluable.
Ecommerce Platforms and Retailer Websites: Analyzing bestselling products and customer reviews on platforms such as Amazon, Flipkart, or direct retailer websites can offer direct insights into consumer preferences and product popularity.
Consumer Surveys and Feedback: Conducting surveys or analyzing online forums and social media can reveal consumer preferences, pain points, and desired features in products. Tools like SurveyMonkey, Google Surveys, or social listening platforms can facilitate this process.

Segmenting the Market and Products

Market and product segmentation is crucial for targeting marketing efforts and product development. Here’s a methodology for segmenting based on technical specifications:
Technical Specifications Review: Compile a comprehensive list of products within the market, focusing on their technical specifications. This could involve processor speeds for electronics, ingredients for food products, or material composition for apparel.
Factor Analysis: Use statistical techniques like factor analysis to group products based on shared technical specifications. This method helps identify underlying relationships between different specifications and how they cluster together.
Expert Consultation: Engage with industry experts or technical specialists to ensure that the segmentation makes sense from both a market and a technical perspective. This step ensures the practical relevance of the segments identified.

Identifying and Classifying Key Application Segments

Understanding how products are used in different applications is essential for market strategy:
Use Case Analysis: Identify common use cases for products by reviewing product literature, customer testimonials, and case studies. This helps understand the variety of applications each product serves.
Industry Surveys: Conduct surveys targeting professionals in the field to understand how and why certain products are preferred in specific applications. This can also reveal unmet needs in the market.
ApplicationBased Segmentation: Group products based on their primary applications, considering factors such as industry use, consumer vs. professional use, and environmental conditions.

Calculating Market Size Using TopDown and BottomUp Approaches

Estimating the market size accurately is fundamental for strategic planning:
TopDown Approach: Start with global industry data and narrow down to the target market by applying known market shares or segmentation percentages. Industry reports and financial databases are key sources for this approach.
BottomUp Approach: Aggregate sales data or unit shipments from all known market participants. This might require gathering data from company reports, industry associations, and sales channels.
Combining Approaches: Validate the market size estimates by comparing the results from both approaches. Discrepancies can highlight areas requiring further investigation.

Calculating the CAGR for the Market

The Compound Annual Growth Rate (CAGR) is a useful measure to understand market growth over time:
Historical Sales Data: Gather historical sales or market size data over a defined period. Public company filings, industry reports, and government databases can be sources for this data.
CAGR Formula: Apply the CAGR formula \[CAGR = (EV/BV)^{1/n} 1\], where EV is the end value, BV is the beginning value, and n is the number of periods.
Segment and Overall Market CAGR: Calculate CAGR for both the overall market and individual segments to understand growth patterns.

Sources for Secondary or Desk Research

Identifying the right sources is crucial for accurate desk research:
Industry and Market Research Reports: Sources like IBISWorld, Statista, and Frost & Sullivan offer comprehensive industry reports.
Government and International Organizations: Websites of the U.S. Census Bureau, World Bank, and OECD provide economic and industry specific data.
Academic Journals: Platforms like Google Scholar and JSTOR can offer peer reviewed articles on market trends and consumer behavior.
News Archives and Trade Publications: Stay informed on industry developments through sources like Bloomberg, Reuters, and specific trade journals relevant to the market in question.
Each of these steps requires careful consideration and a systematic approach to ensure that the market research report is robust, insightful, and actionable.

Tire Material Market

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