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Global Sustainable Tire Materials Market Size Study, by Type of Material (Rubber, Sustainable Carbon Black, Silica, Others), by Propulsion Type (Internal Combustion Engine Vehicles, Electric Vehicles), by Vehicle Type (Passenger Vehicles, Commercial Vehicles), by Tire Structure (Radial, Bias), by Sales Channel (OEMs, Aftermarket) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G8DE1D3FA1A8EN
Bizwit Research & Consulting LLP

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The Global Sustainable Tire Materials market is projected to reach USD 46.38 million by 2023 from USD 34.9 million in 2023, growing at a CAGR of 32.88% during the forecast period 2024-2032. Sustainable tire materials are eco-friendly alternatives to traditional tire components, aimed at reducing environmental impact. These materials often include natural rubber sourced from responsibly managed plantations, silica derived from rice husk ash, vegetable oils, and recycled rubber. The goal is to create tires that maintain performance standards while minimizing resource depletion, greenhouse gas emissions, and waste. Using sustainable materials helps improve the overall lifecycle of tires, from production and use to disposal, contributing to a more sustainable automotive industry.
The growth trajectory is anticipated to be driven by the escalating demand for sustainable tires and the increasing integration of sustainable materials in the manufacturing processes for both passenger and commercial vehicle tires. Global Sustainable Tire Materials Market is at the forefront of innovative solutions designed to reduce the environmental footprint of tire manufacturing. The term "sustainable tire material" encompasses recycled, renewable, and bio-based materials that contribute to reducing resource consumption and emissions. These materials include natural rubber, recycled rubber, sustainable carbon black, silica, recycled cord, vegetable oils, and eco-friendly chemicals. The ongoing research aimed at launching new sustainable tire materials underscores the market's potential.
The market's growth is significantly influenced by stringent carbon emission regulations. The Paris Agreement and commitments by countries like the EU, India, and the US to achieve net-zero carbon emissions by specific deadlines are key drivers. Recycling initiatives and circular economy strategies, such as the EU's Circular Economy Action Plan (CEAP), further support the market by reducing greenhouse gas emissions and conserving natural resources. However, the volatility in tire prices made from sustainable materials poses a challenge. Factors like raw material availability, import/export duties, and manufacturing costs affect the pricing. Nevertheless, ongoing R&D efforts are expected to reduce these costs over the forecast period.
There are numerous opportunities for tire manufacturers to introduce new sustainable materials. Innovations such as bio-based silica and recycled tire carbon black are paving the way for more cost-effective and environmentally friendly tires. The market is still in its growth phase, with significant contributions from companies like Continental AG, Michelin, and The Goodyear Tire and Rubber Company.
Europe currently dominates the market due to its substantial production and consumption of natural and recycled rubber for tire manufacturing. Leading manufacturers are increasing their production of sustainable tires to meet the growing demand in the region. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period.
Major market players included in this report are:
Evonik Industries AG
Solvay
PPG Industries, Inc.
LDC-KOREA CO., LTD.
CONTEC
Black Bear Carbon B.V.
GRP LTD.
SNR Reclamations Pvt. Ltd.
Genan Holding A/S
Lehigh Technologies
The Goodyear Tire & Rubber Company
Michelin
Bridgestone Corporation
Nokian Tyres plc
Continental AG
The detailed segments and sub-segment of the market are explained below:
By Type of Material:
• Rubber
• Sustainable Carbon Black
• Silica
• Others
By Propulsion Type:
• Internal Combustion Engine Vehicles
• Electric Vehicles
By Vehicle Type:
• Passenger Vehicles
• Commercial Vehicles
By Tire Structure:
• Radial
• Bias
By Sales Channel:
• OEMs
• Aftermarket

By Region:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL SUSTAINABLE TIRE MATERIALS MARKET EXECUTIVE SUMMARY

1.1. Global Sustainable Tire Materials Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Type of Material
  1.3.2. By Propulsion Type
  1.3.3. By Vehicle Type
  1.3.4. By Tire Structure
  1.3.5. By Sales Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL SUSTAINABLE TIRE MATERIALS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL SUSTAINABLE TIRE MATERIALS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Stringent Regulations and Carbon Neutrality Targets
  3.1.2. Rising Demand for Sustainable Tires
3.2. Market Challenges
  3.2.1. Volatility of Tire Prices Made from Sustainable Tire Materials
3.3. Market Opportunities
  3.3.1. Growing Demand for New Sustainable Tire Materials

CHAPTER 4. GLOBAL SUSTAINABLE TIRE MATERIALS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SUSTAINABLE TIRE MATERIALS MARKET SIZE & FORECASTS BY TYPE OF MATERIAL 2022-2032

5.1. Segment Dashboard
5.2. Global Sustainable Tire Materials Market: Type of Material Revenue Trend Analysis, 2022 & 2032 (USD Million)
  5.2.1. Rubber
  5.2.2. Sustainable Carbon Black
  5.2.3. Silica
  5.2.4. Others

CHAPTER 6. GLOBAL SUSTAINABLE TIRE MATERIALS MARKET SIZE & FORECASTS BY PROPULSION TYPE 2022-2032

6.1. Segment Dashboard
6.2. Global Sustainable Tire Materials Market: Propulsion Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
  6.2.1. Internal Combustion Engine Vehicles
  6.2.2. Electric Vehicles

CHAPTER 7. GLOBAL SUSTAINABLE TIRE MATERIALS MARKET SIZE & FORECASTS BY VEHICLE TYPE 2022-2032

7.1. Segment Dashboard
7.2. Global Sustainable Tire Materials Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
  7.2.1. Passenger Vehicles
  7.2.2. Commercial Vehicles

CHAPTER 8. GLOBAL SUSTAINABLE TIRE MATERIALS MARKET SIZE & FORECASTS BY TIRE STRUCTURE 2022-2032

8.1. Segment Dashboard
8.2. Global Sustainable Tire Materials Market: Tire Structure Revenue Trend Analysis, 2022 & 2032 (USD Million)
  8.2.1. Radial
  8.2.2. Bias

CHAPTER 9. GLOBAL SUSTAINABLE TIRE MATERIALS MARKET SIZE & FORECASTS BY SALES CHANNEL 2022-2032

9.1. Segment Dashboard
9.2. Global Sustainable Tire Materials Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Million)
  9.2.1. OEMs
  9.2.2. Aftermarket

CHAPTER 10. GLOBAL SUSTAINABLE TIRE MATERIALS MARKET SIZE & FORECASTS BY REGION 2022-2032

10.1. North America Sustainable Tire Materials Market
  10.1.1. U.S. Sustainable Tire Materials Market
    10.1.1.1. Type of Material breakdown size & forecasts, 2022-2032
    10.1.1.2. Propulsion Type breakdown size & forecasts, 2022-2032
    10.1.1.3. Vehicle Type breakdown size & forecasts, 2022-2032
    10.1.1.4. Tire Structure breakdown size & forecasts, 2022-2032
    10.1.1.5. Sales Channel breakdown size & forecasts, 2022-2032
  10.1.2. Canada Sustainable Tire Materials Market
10.2. Europe Sustainable Tire Materials Market
  10.2.1. U.K. Sustainable Tire Materials Market
  10.2.2. Germany Sustainable Tire Materials Market
  10.2.3. France Sustainable Tire Materials Market
  10.2.4. Spain Sustainable Tire Materials Market
  10.2.5. Italy Sustainable Tire Materials Market
  10.2.6. Rest of Europe Sustainable Tire Materials Market
10.3. Asia-Pacific Sustainable Tire Materials Market
  10.3.1. China Sustainable Tire Materials Market
  10.3.2. India Sustainable Tire Materials Market
  10.3.3. Japan Sustainable Tire Materials Market
  10.3.4. Australia Sustainable Tire Materials Market
  10.3.5. South Korea Sustainable Tire Materials Market
  10.3.6. Rest of Asia Pacific Sustainable Tire Materials Market
10.4. Latin America Sustainable Tire Materials Market
  10.4.1. Brazil Sustainable Tire Materials Market
  10.4.2. Mexico Sustainable Tire Materials Market
  10.4.3. Rest of Latin America Sustainable Tire Materials Market
10.5. Middle East & Africa Sustainable Tire Materials Market
  10.5.1. Saudi Arabia Sustainable Tire Materials Market
  10.5.2. South Africa Sustainable Tire Materials Market
  10.5.3. Rest of Middle East & Africa Sustainable Tire Materials Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Company
  11.1.2. Company
  11.1.3. Company
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. Evonik Industries AG
    11.3.1.1. Key Information
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Market Strategies
  11.3.2. Solvay
  11.3.3. PPG Industries, Inc.
  11.3.4. LDC-KOREA CO., LTD.
  11.3.5. CONTEC
  11.3.6. Black Bear Carbon B.V.
  11.3.7. GRP LTD.
  11.3.8. SNR Reclamations Pvt. Ltd.
  11.3.9. Genan Holding A/S
  11.3.10. Lehigh Technologies
  11.3.11. The Goodyear Tire & Rubber Company
  11.3.12. Michelin
  11.3.13. Bridgestone Corporation
  11.3.14. Nokian Tyres plc
  11.3.15. Continental AG

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Sustainable Tire Materials market, report scope
TABLE 2. Global Sustainable Tire Materials market estimates & forecasts by Region 2022-2032 (USD Million)
TABLE 3. Global Sustainable Tire Materials market estimates & forecasts by Type of Material 2022-2032 (USD Million)
TABLE 4. Global Sustainable Tire Materials market estimates & forecasts by Propulsion Type 2022-2032 (USD Million)
TABLE 5. Global Sustainable Tire Materials market estimates & forecasts by Vehicle Type 2022-2032 (USD Million)
TABLE 6. Global Sustainable Tire Materials market estimates & forecasts by Tire Structure 2022-2032 (USD Million)
TABLE 7. Global Sustainable Tire Materials market estimates & forecasts by Sales Channel 2022-2032 (USD Million)
TABLE 8. U.S. Sustainable Tire Materials market estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. U.S. Sustainable Tire Materials market estimates & forecasts by Type of Material 2022-2032 (USD Million)
TABLE 10. U.S. Sustainable Tire Materials market estimates & forecasts by Propulsion Type 2022-2032 (USD Million)
TABLE 11. U.S. Sustainable Tire Materials market estimates & forecasts by Vehicle Type 2022-2032 (USD Million)
TABLE 12. U.S. Sustainable Tire Materials market estimates & forecasts by Tire Structure 2022-2032 (USD Million)
TABLE 13. U.S. Sustainable Tire Materials market estimates & forecasts by Sales Channel 2022-2032 (USD Million)
TABLE 14. Canada Sustainable Tire Materials market estimates & forecasts, 2022-2032 (USD Million)
TABLE 15. Canada Sustainable Tire Materials market estimates & forecasts by Type of Material 2022-2032 (USD Million)
TABLE 16. Canada Sustainable Tire Materials market estimates & forecasts by Propulsion Type 2022-2032 (USD Million)
TABLE 17. Canada Sustainable Tire Materials market estimates & forecasts by Vehicle Type 2022-2032 (USD Million)
TABLE 18. Canada Sustainable Tire Materials market estimates & forecasts by Tire Structure 2022-2032 (USD Million)
TABLE 19. Canada Sustainable Tire Materials market estimates & forecasts by Sales Channel 2022-2032 (USD Million)
…..
This list is not complete, the final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Sustainable Tire Materials market, research methodology
FIG 2. Global Sustainable Tire Materials market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Sustainable Tire Materials market, key trends 2023
FIG 5. Global Sustainable Tire Materials market, growth prospects 2022-2032
FIG 6. Global Sustainable Tire Materials market, porters 5 force model
FIG 7. Global Sustainable Tire Materials market, PESTEL analysis
FIG 8. Global Sustainable Tire Materials market, value chain analysis
FIG 9. Global Sustainable Tire Materials market by Type of Material, 2022 & 2032 (USD Million)
FIG 10. Global Sustainable Tire Materials market by Propulsion Type, 2022 & 2032 (USD Million)
FIG 11. Global Sustainable Tire Materials market by Vehicle Type, 2022 & 2032 (USD Million)
FIG 12. Global Sustainable Tire Materials market by Tire Structure, 2022 & 2032 (USD Million)
FIG 13. Global Sustainable Tire Materials market by Sales Channel, 2022 & 2032 (USD Million)
FIG 14. Global Sustainable Tire Materials market, regional snapshot 2022 & 2032
FIG 15. North America Sustainable Tire Materials market 2022 & 2032 (USD Million)
FIG 16. Europe Sustainable Tire Materials market 2022 & 2032 (USD Million)
FIG 17. Asia Pacific Sustainable Tire Materials market 2022 & 2032 (USD Million)
FIG 18. Latin America Sustainable Tire Materials market 2022 & 2032 (USD Million)
FIG 19. Middle East & Africa Sustainable Tire Materials market 2022 & 2032 (USD Million)
FIG 20. Global Sustainable Tire Materials market, company market share analysis (2023)
…..
This list is not complete, the final report does contain more than 50 figures. The list may be updated in the final deliverable.


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