Tire Chemicals Market Growth Trends & Forecast 2025-2030 Insights

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Tire Chemicals Market Research Report: Forecast (2025-2030). This report provides a detailed assessment of the Tire Chemicals Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

Historical Years: 2020-23
Base Years: 2024
Forecast year - 2025-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

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Tire Chemicals Market Outlook

According to the report, 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.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

Tire Chemicals Market Drivers:

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.

View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/global-tire-chemicals-market.html (Explore in-depth analyses, technological trends, and investment patterns.)

Tire Chemicals Market Challenge:

Waste Tire Disposal Regulatory Pressure Hindering Market Growth – The annual tire production across the globe exceeds 1.6 billion units, as stated by the Material Recycling Association of India (MRAI). Further, the generation of waste tires is approximately 1 billion units out of which only 100 million units are processed by the recycling industry annually. Moreover, the value of the reclaimed rubber across the globe by 2027 is expected to cross USD 6.5 billion. Waste generated by rubbers can potentially affect the environment in negative ways such as the addition of harmful gases in the air, contamination of underground water, and the formation of fumes dust. Thus, it is emerging as a challenge to process treat the huge waste generated by the old and useless tires. Thus government may impose strict regulations for the same which may impact new tire production and increase the usage of refurbished tires. Ultimately, such strict regulations globally may hinder the growth expansion of the tire chemicals industry.

Tire Chemicals Market Segmentation

The study categorizes the Tire Chemicals Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

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

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

North America
South America
Europe
The Middle East Africa
Asia-Pacific

Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/global-tire-chemicals-market.html Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Tire Chemicals Market Worldwide: Players, Analysis Future Outlook

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 are the top companies in the Tire Chemicals Market.

Key Highlights of the Report

Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
Growth Drivers Challenges: Clear insights into factors feeling or restraining market expansion.
Investment Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

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Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Tire Chemicals Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Tire Chemicals Market?
4. Who are the prominent players in the Tire Chemicals Market?
5. How is the competition structured in this market?
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MarkNtel Advisors is a premier market research and consulting firm specializing in the chemical industry, with expertise across specialty chemicals, petrochemicals, industrial chemicals, and chemical processing technologies. Our research solutions guide manufacturers, suppliers, and investors in tracking innovation, pricing trends, and sustainability initiatives. Through Custom Market Analysis, we deliver precise, business-specific intelligence, helping clients optimize production efficiency, manage volatility, and capture new opportunities within the global chemicals ecosystem.

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