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Tire Material Market Size, Market Segmentation and Future Forecasts to 2026

The global tire material market is forecast to reach USD 110.76 Billion by 2026, according to a new report by Reports and Data. The market is rising rapidly as the sales of passenger cars are propelling mostly in the developing regions due to an increase in disposable earning.

KiranGaikwad
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Tire Material Market Size, Market Segmentation and Future Forecasts to 2026

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  1. Tire Material Market To Reach USD 110.76 Billion By 2026

  2. Market Summary The global tire material market is forecast to reach USD 110.76 Billion by 2026, according to a new report by Reports and Data. The market is rising rapidly as the sales of passenger cars are propelling mostly in the developing regions due to an increase in disposable earning. Market Size – USD 79.70 Billion in 2018, Market Growth - CAGR of 4.1%, Market Trends – Increase in demand for eco-friendly tire material. The overall vehicle sales globally have also increased substantially because of the technological advancements in the automotive industry. Further key findings from the report suggest : • Two wheelers segment had a market share of 18.0% in 2018 and will be growing at a CAGR of 4.7% during the forecast period. • Passenger cars segment has the highest market share of about 28.6% in 2018 and is expected to grow the fastest throughout the forecast period. • North America is accounted to gain 23.7% of market possession by 2026 with a CAGR of 4.3% in the forecast period. • Mud-terrain tires have a high use of carbon additives and fabric reinforcements for a high active grip in the muds. This kind of tires are mostly used in the tractors for harvesting purposes. Mud-terrain tires are expected to grow at a CAGR 4.2% during the forecast period. www.reportsanddata.com

  3. Key Players : • Sinopec, Birla Carbon, Phillips Carbon Black Limited, JSR Corporation, Orion Engineered Carbons, LanxessAktiengesellschaft, Chevron Corporation, Kuraray Co., Ltd., Royal Dutch Shell PLC, and Exxon Mobil Corporation. • Segmentation: • Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026): Natural & Synthetic Rubbers, Carbon Additives, Metal Belts, Chemical Additives, Chemical Activators, Fabric Reinforcements, Others • Performance Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026): Standard Tires, Low Profile Tires, Sports Tires, Heavy Duty Tires, Mud Tires, High Grip Tires, Premium Tires • Vehicle Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026):Two Wheelers, Rickshaws, Passenger Cars, Trucks, Buses, Utility Vehicles, Others • Eco-Friendly Material Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026): Green Tires, Ordinary Tires www.reportsanddata.com

  4. Regional Vehicle Access Control Market (Regional Output, Demand & Forecast by Countries):- • North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More. www.reportsanddata.com

  5. Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market www.reportsanddata.com

  6. About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com www.reportsanddata.com

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