Tire Chemicals Market Poised for 4.5% CAGR Growth Through 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Tire Chemicals Research Report: Forecast (2025–2030). This report provides a detailed assessment of the Tire Chemicals, 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: 2021–24
• Base Year: 2025
• Forecast Years: 2025–32

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

Download a FREE PDF Sample of the Report: - https://www.marknteladvisors.com/query/request-sample/global-tire-chemicals-market.html   (Discover the market potential, platform-specific insights, and key industry trends.)

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.

Tire Chemicals Outlook

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.

Tire Chemicals 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 Opportunity:

Growing Demand for Electric Vehicles to Create Ample Growth Opportunities – Many countries, from China, the Netherlands, Iceland, and Sweden to Norway, have planned to cut CO₂ emissions and are increasingly inclining towards the use and promotion of electric vehicles. On the other hand, other countries such as Israel, India, Egypt, the UK, and Australia are focusing more on electric vehicle inculcation to lower their dependence on the use of imported oil. Electric vehicles require special types of tires whose resistance is low compared to normal tires to ensure a lower consumption of energy. Also, the torque of electric vehicles is greater than that of normal tires. These special characteristics will require special chemicals and manufacturing of electric vehicle tires. Further, an increase of almost 12% was seen in the sales of electric vehicles in 2023, with 22.81 million units sold in 2023 compared to 20.34 million units sold in 2022, as per the facts provided by IEA. Thus, it is evident that the enlarging demand & sale of electric vehicles across the globe is projected to provide various opportunities for growth for both tire & tire chemicals manufacturers in all parts of the globe.

Tire Chemicals Segmentation

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

By Application Type

• Automobile Tires- Market Size & Forecast 2020-2030, Thousand Tons
  • Passenger Car- Market Size & Forecast 2020-2030, Thousand Tons
  • Two & three Wheeler - Market Size & Forecast 2020-2030, Thousand Tons
  • LCV - Market Size & Forecast 2020-2030, Thousand Tons
  • M & HCV - Market Size & Forecast 2020-2030, Thousand Tons
  • OTR - Market Size & Forecast 2020-2030, Thousand Tons
• Others (Aircraft Tires, Marine Tires, etc.)- Market Size & Forecast 2020-2030, Thousand Tons

By Chemical Type

• Rubbers- Market Size & Forecast 2020-2030, Thousand Tons
  • Natural Rubber- Market Size & Forecast 2020-2030, Thousand Tons
  • Synthetic Rubber- Market Size & Forecast 2020-2030, Thousand Tons
• Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
  • Amine Antioxidants - Market Size & Forecast 2020-2030, Thousand Tons
  • Phenolic Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
  • Heterocyclic Antioxidants- Market Size & Forecast 2020-2030, Thousand Tons
• Antiozonants- Market Size & Forecast 2020-2030, Thousand Tons
• Fillers- Market Size & Forecast 2020-2030, Thousand Tons
  • Carbon Black- Market Size & Forecast 2020-2030, Thousand Tons
  • Silica- Market Size & Forecast 2020-2030, Thousand Tons
• Vulcanization Chemicals- Market Size & Forecast 2020-2030, Thousand Tons
  • Sulphur- Market Size & Forecast 2020-2030, Thousand Tons
  • Zinc Oxide- Market Size & Forecast 2020-2030, Thousand Tons

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 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.
•  

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

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/global-tire-chemicals-market.html   

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Tire Chemicals?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Tire Chemicals?
   4. Who are the prominent players in the Tire Chemicals?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About Us

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.

Contact Us:
MarkNtel Advisors
Sector 63, Noida, Uttar Pradesh-201301, India
Contact No: +91 87199 99009
Email: sales@marknteladvisors.com
Website: https://www.marknteladvisors.com