Global Tire Chemicals Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Natural Rubber, Synthetic Rubber, Carbon Black, Plasticizers, Synthetic Textiles and Other.

By Chemical Type;

Synthetic Rubber, Natural Rubber, Carbon Black, Accelerators, and Others.

By Application;

Bicycles, Electric Cars, Automobiles and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn567806098 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Tire Chemicals Market (USD Million), 2021 - 2031

In the year 2024, the Global Tire Chemicals Market was valued at USD 42,963.04 million. The size of this market is expected to increase to USD 61,386.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.

The global tire chemicals market encompasses a range of chemicals used in the production and enhancement of tires, including accelerators, antidegradants, plasticizers, and fillers. This market has experienced significant growth driven by the increasing demand for tires, particularly from the automotive and transportation sectors. As vehicle production rises and the automotive industry expands, the need for high-performance tires that offer safety, durability, and fuel efficiency has intensified. This has led to innovations in tire chemicals to improve tire performance and extend lifespan.

One key factor influencing the market is the growing emphasis on sustainability and environmental regulations. The industry is witnessing a shift towards the development of eco-friendly tire chemicals and processes that minimize environmental impact. This includes the use of sustainable raw materials and the reduction of harmful emissions during tire production.

Additionally, advancements in technology and the rise of electric vehicles (EVs) are reshaping the tire chemicals market. EVs require specialized tires that can handle the unique demands of electric drivetrains, leading to increased demand for advanced tire chemicals. The integration of smart technologies and sensors in tires also drives innovation in chemical formulations to support these technologies.

Geographically, the market is experiencing substantial growth in regions such as Asia-Pacific, North America, and Europe. Asia-Pacific, in particular, is a major hub for tire production and consumption, owing to its burgeoning automotive industry and expanding infrastructure. North America and Europe are also significant markets, driven by stringent regulations and a focus on high-performance tires.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Tire Chemicals Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising vehicle production
        2. Demand for high-performance tires
        3. Advancements in tire technology
      2. Restraints
        1. High production costs
        2. Fluctuating raw material prices
        3. Stringent environmental regulations
      3. Opportunities
        1. Growth in electric vehicle (EV) market
        2. Advancements in tire technology
        3. Demand for eco-friendly tire chemicals
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Tire Chemicals Market, By Type, 2021 - 2031 (USD Million)
      1. Natural Rubber
      2. Synthetic Rubber
      3. Carbon Black
      4. Plasticizers
      5. Synthetic Textiles
      6. Other
    2. Global Tire Chemicals Market, By Application, 2021 - 2031 (USD Million)
      1. Bicycles
      2. Electric Cars
      3. Automobiles
      4. Other
    3. Global Tire Chemicals Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Cabot Corporation
      3. ExxonMobil Corporation
      4. Yokohama Rubber Co., Ltd.
      5. Evonik Industries AG
      6. Eastman Chemicals
      7. Birla Carbon
      8. Eastman Chemicals
      9. Emery Oleochemicals Group
      10. Jiangxi Black Cat Carbon Black Inc., Ltd.
      11. LANXESS
      12. Oriental Carbon & Chemicals Ltd
      13. Orion Engineered Carbon
      14. Phillips Carbon Black Limited
      15. Saudi Arabia Basic Industries Corporation
      16. Shikoku Chemicals Corporation
      17. Sinochem International
      18. Sinopec Corporation
      19. Sri Trang Agro-industry Public Company Limited
      20. Sumitomo Chemicals
      21. U.S. Zinc Corporation
      22. Von Bundit
      23. Zochem Inc.
  7. Analyst Views
  8. Future Outlook of the Market