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Global tire material market size is expected to reach $111.27 Bn by 2028 at a rate of 5.5%, segmented as by type, elastomers, reinforcing fillers, plasticizers, chemicals, metal reinforcements, textile reinforcements, other types<br>
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Tire Material Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Tire Material Market Segments The Business Research Company segments it’s Tire Material market report as: Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements, Textile Reinforcements, Other Types By Type Solid Tire, Pneumatic Tire, Retreated Tires By Tire Types By Vehicle Type Two Wheelers, Rickshaws, Passenger Cars, Trucks, Buses, Utility Vehicles, Other Vehicle Types, By Application: Passenger Cars, Commercial Vehicles y
Market Statistics The tire material market size has grown strongly in recent years. It will grow from $85.16 billion in 2023 to $89.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The tire material market size is expected to see strong growth in the next few years. It will grow to $111.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers An increase in the production of motor vehicles is expected to propel the growth of the tire materials market going forward. Trends Growing popularity for eco-friendly tire materials is the key trend gaining popularity in the tire material market. • Region Asia-Pacific was the largest region in the tire material market share in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the tire material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Market Players • Major players in the Tire Material market are: • Orion Engineered Carbons LLC • SIBUR International GmbH • SRF LIMITED • Nynas AB • Exxon Mobil Corporation • And more. Get More Information On The Tire Material Market Report
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