The tire additives market refers to the global market for materials that are added to tires to enhance their performance and properties. Tire additives are used to improve the durability, wear resistance, traction, and fuel efficiency of tires. The tire additives market includes a wide range of materials, including reinforcing fillers such as carbon black, silica, and other mineral fillers, as well as processing aids, antiozonants, antioxidants, and other chemical compounds. These additives are used in both natural rubber and synthetic rubber compounds to produce tires that meet the performance requirements of different applications and industries.
The growth of the tire additives market is driven by several factors, including the increasing demand for high-performance tires for passenger cars, commercial vehicles, and industrial equipment. Additionally, the rising demand for fuel-efficient tires and the trend towards eco-friendly products are also driving the growth of the tire additives market. The Asia-Pacific region is the largest market for tire additives, with China and India being the major contributors to the growth of the market in this region. The growing automotive industry in Asia-Pacific, coupled with increasing demand for high-performance tires, is driving the growth of the tire additives market in this region.
Key players in the tire additives market include major chemical companies such as Lanxess AG, Cabot Corporation, and Evonik Industries, as well as other companies such as Eastman Chemical Company, Solvay SA, and Arkema Group. These companies are focused on developing new and innovative tire additives to meet the evolving needs of the tire industry.
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Key findings of the Tire additives market study:
- Regional breakdown of the Tire additives market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Tire additives vendors in detail.
- Region-wise and country-wise fragmentation of the Tire additives market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Tire additives market.
- Tire additives price, market share, and Trends forecast for assessment period 2019-2029
Competitive landscape analysis
The market survey conducted by fact.mr offers key developments and challenges affecting the pharmaceutical industry, subsequently influencing demand and sales in the Tire additives market. To study competitive trends across the industry, the report profiles some of the leading players operating in the Tire additives market including
Arkema S.A., Arkochem, BASF, Eastman, ExxonMobil, Gazprom Neft, Kraton Corporation, Lanxess, Orion Engineered Carbons, pmc-group, Shin-Etsu Chemical Co., Ltd. Sinochem, Solvay, Sumitomo Chemicals Co.Ltd, W. R grace & Co, ZEPPELIN SYSTEMS, nocil and others.
Report benefits & key questions answered
- Tire additives historical market outlook: the market intelligence survey report discloses the demand and sales projections of Tire additives over the last forecast period 2016 to 2020.
- Post impact of covid on the Tire additives market: the pharmaceutical industry has been largely influenced by covid-19 pandemic. The fact.mr market survey assesses how current trends that will influence expenditure on Tire additives, thus affecting the market growth.
- Tire additives market trend analysis: the report provides in-depth overview of the past, recent, and upcoming trends in the Tire additives market to assist the businesses to formulate their strategies for expansion.
- Tire additives category & segment level analysis: fact.mr’s category & segment level analysis provides insights into Tire additives sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level.
- Tire additives company & brand share analysis: the report discloses the competitiveness of the Tire additives market and highlights the market share captured by tier 1, tier 2, and tier 3 players operating in the landscape.
Tire Additives Market: Segments
On the basis of types of tire additives, the market can be segmented into:
- Performance resins
- Anti-degradants
- Insoluble sulfur
- Bonding agents
- Others
On the basis of application, the tire additives market can be classified into:
- Automobile tires
- Aircraft tires
- Others
On the basis of geographical regions, the market is segmented into
- North America
- Europe
- Latin America
- East Asia
- South Asia
- Oceania
- Middle East & Africa
