0 likes | 4 Views
The Global Tire Chemicals Market size is valued at around USD 80 billion in 2024 and is projected to reach USD 110 billion by 2030.
E N D
MARKET RESEARCH REPORT Global Tire Chemicals Market Research Report: Forecast (2025-2030) MARKNTEL ADVISORS
Company Overviews MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others. We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Our Vision and Mission Our Vision Our Mission We help our investors to establish robust strategies for the implementation of best practices to overcome challenges & tap new opportunities for their growth in the industry. Our goal is to benefit individuals & communities by working with our clients in diverse ways. We understand that making durable, substantial, and unique improvements in the overall performance and establishing oneself comes with great backstories for firms. Hence, MarkNtel Advisors aims to put together values that reflect adherence to professional standards. Our core values revolve around putting the interests & requirements of our clients ahead of our organization & delivering exceptional services while maintaining utmost professionalism. We believe in preserving the confidence of our users & maintaining an independent perspective while utilizing resources intelligently & cost-effectively, creating abiding associations based on trust. Our team entails professional analysts and researchers who intelligently utilize research techniques to procure detail-driven, unbiased, and reliable data encompassing the industry. We aim to nurture a result- oriented team to offer strategically-moving insights to our clients. Our fact-based reports allow the user to design their motives, funds, and strategies, with a higher focus on mitigating confusion and bringing forward a clear insight into the industry. It further allows the clients to identify the lucrative opportunities awaiting. Insights offered by MarkNtel Advisors comprise in-depth information on regional & country-based trends emerging in the industry. The team studies & compiles the prospects, ensuring consistency in reports. Our services are beyond offering research reports to the clients and further expand into addressing queries while incorporating with them for advice, development, & execution of strategies for exception growth.
Market Insights The Global Tire Chemicals Market size is valued at around USD 80 billion in 2024 and is projected to reach USD 110 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.5 % during the forecast period, i.e., 2025-30. The Global Tire Chemicals Market is driven by the expansion of production of passenger cars, two-wheelers, and demand for LCV and M & HCV. The total global production of automobile vehicles in 2023 was approximately 93.54 million units showing an increase of 10% from the 84.83 million units in 2022, according to the facts from OICA. Thus, the growing automobile units are projecting the growth prospects for tire production and tire chemicals manufacturing companies.
Market Drivers Global Tire Chemicals Market Driver: Expanding Automobile Industry – Globally, the disposable income of individuals is growing, which is resulting in rising sales of vehicles. The logistics requirements owing to augmenting e-commerce have also stimulated the sales of commercial vehicles. All these driving factors of the automobile industry are ultimately creating the demand for tire chemicals. Easy financing solutions also increase the sale of vehicles by providing loans, EMIs, etc. The transportation industry is expanding due to the rising trend of rental services. Moreover, the global sale of automobile vehicles has increased to 92.74 million units in 2023 from 82.71 million units in 2022, as per the facts provided by the OICA. Further, from the total sale of vehicles in 2023, 65.27 million units were of passenger cars, while 27.45 million units were of commercial vehicles. Thus, every year, the expanding automobile industry creates the demand for more and more tires, which ultimately keeps the demand for tire chemicals higher and helps in the growth of the Global Tire Chemicals Market.
Market Segments Tire Chemicals Market Report - By Application Type (Automobile Tires, [Passenger Car, Two & three Wheeler, LCV, M & HCV, OTR], Others (Aircraft Tires, Marine Tires, etc.)), By Chemical Type (Rubbers, [Natural Rubber, Synthetic Rubber], Antioxidants, [Amine Antioxidants, Phenolic Antioxidants, Heterocyclic Antioxidants], Antiozonants, Fillers, [Carbon Black, Silica], Vulcanization Chemicals, [Sulphur, Zinc Oxide]) and Others
Top Companies Birla Carbon, Von Bunditt Company Ltd., Cabot Corporation, Sinochem International, Evonik Industries AG, Phillips Carbon Black Limited, Eastman Chemicals Company, Sumitomo Chemical Company Limited, Orion Engineered Carbon S.A, Lanxess AG, BASF, Solvay SA/NV, ExxonMobil Corporation, Emery OleoChemicals, Arkema Chemicals Pvt. Ltd., and others
Explore Here:- Get a Free Sample Report Get a Free Sample Report - - https:// https://www.marknteladvisors.com/query/request www.marknteladvisors.com/query/request- - sample/global sample/global- -tire tire- -chemicals chemicals- -market.html market.html Read Full Report Read Full Report - - https:// https://www.marknteladvisors.com/research www.marknteladvisors.com/research- - library/global library/global- -tire tire- -chemicals chemicals- -market.html market.html Request Request for Customization for Customization - - https:// https://www.marknteladvisors.com/query/request www.marknteladvisors.com/query/request- - customization/global customization/global- -tire tire- -chemicals chemicals- -market.html market.html
MarkNtel Advisors Target Geographies-Focus Areas MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: -Political, Economic, Social, Technological and Environmental Analysis -Credit Ratings provided by leading institutions -GDP projections by bodies such as the World Bank, IMF, OECD, etc. -Market Disruptions and the “Next Big Things”
Our 360°Approach: Combining Various Techniques to Deliver Holistic Solutions Data Insights Secondary Research Primary Research • Internal CRM/sales data • Social media data • Data modelling for forecasting and market sizing • Desktop research • Syndicated research & reports • Proprietary databases • Industry associations & trade data • In-depth stakeholder interviews • Consumer surveys • Mystery surveys • Expert interviews
Our Contact Information +1 628 895 8081 +91 120 4278433 sales@marknteladvisors.com www.marknteladvisors.com
THANK YOU FOR ATTENDING If you have any further questions, please don't hesitate to reach out to us. Our Office Location Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511 Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India