Tire Material Market

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Global Tire Material Market Industry Trends and
Forecast to 2025
Global Tire Material Market, By Type (Elastomers,
Reinforcing Fillers, Plasticizers, Chemicals,
Metal Reinforcements, Textile Reinforcements,
Others), By Vehicle Type (Passenger Cars, Trucks,
Buses, Agricultural Vehicles, Others), By
Geography (North America, South America, Europe,
Asia-Pacific, Middle East and Africa) Industry
Trends and Forecast to 2025
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Report Description
Global Tire Material Market is expected to reach
USD 103.37 billion by 2025, from USD 73.98
billion in 2017 growing at a CAGR of 4.2 during
the forecast period of 2018 to 2025. Tire is a
tough and flexible rubber covering that is
attached to the rim of a wheel. A Tire provides
traction to the vehicle and serves as a pad for
the wheel. The most common form of the tire is
pneumatic. The pneumatic tire consists of an
inner tube that holds the air pressure. Nowadays
pneumatic tires are designed to form a pressure
seal with the rim of the wheel. To develop proper
toughness and flexibility, the rubber must be
treated with different chemicals and then should
be heated gradually.
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Major Key Players

• Some of the major players operating in this
  market are
• LANXESS
• Cabot Corporation.
• The Goodyear Tire Rubber Company
• JSR Corporation
• Columbian
• Royal Dutch Shell
• Chevron Corporation
• Nynas AB
• PetroChina Company Limited
• Exxon Mobil Corporation.
• SIBUR INTERNATIONAL
• Ralson Goodluck Carbon

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tire-material-market
4
Market Segmentation

• By Type (Elastomers, Reinforcing Fillers,
  Plasticizers, Chemicals, Metal Reinforcements,
  Textile Reinforcements, Others)
• By Vehicle Type (Passenger Cars, Trucks, Buses,
  Agricultural Vehicles, Others)
• By Geography (North America, South America,
  Europe, Asia-Pacific, Middle East and Africa)

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5
Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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