The Global Tire Material Market, valued at USD 102.22 Billion in 2024, is projected to experience a CAGR of 4.12% to reach USD 130.24 Billion by 2030. The Global Tire Material Market comprises essential raw inputs including natural and synthetic rubbers, carbon black, steel cord, and various chemicals, vital for tire manufacturing across automotive, industrial, and agricultural applications. Market expansion is primarily driven by consistent growth in global vehicle production and increasing demand within the automotive aftermarket.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 102.22 Billion |
| Market Size 2030 | USD 130.24 Billion |
| CAGR 2025-2030 | 4.12% |
| Fastest Growing Segment | Passenger Cars |
| Largest Market | Asia Pacific |
Key Market Drivers
The Global Tire Material Market is significantly shaped by two primary drivers: increasing global vehicle production and sales, and the rising demand for high-performance and specialty tires. The consistent expansion in automotive manufacturing directly translates into a foundational demand for raw materials used in original equipment tires. As new vehicles are produced across various segments, from passenger cars to heavy-duty commercial vehicles, the need for components such as natural and synthetic rubbers, carbon black, and steel cords intensifies.
Key Market Challenges
The Global Tire Material Market faces a significant challenge from the inherent volatility of raw material prices. This fluctuation, particularly evident in natural and synthetic rubbers, directly impacts manufacturing costs and subsequently erodes profit margins for tire producers. For instance, according to the Association of Natural Rubber Producing Countries (ANRPC), by the end of September 2024, the prices of RSS3 and TSR20 natural rubber increased substantially by 83% and 55% year-on-year, respectively.
Key Market Trends
The Global Tire Material Market is experiencing a notable shift towards the increased integration of sustainable and recycled materials. This trend is driven by growing environmental awareness, regulatory pressures, and consumer demand for eco-friendly products. Tire manufacturers are actively developing technologies to incorporate a higher percentage of reclaimed and renewable resources into their compounds.
Key Market Players
- Chevron Corporation
- Cabot Corporation
- JSR Corporation
- Thai Carbon Black PLC
- Lanxess AG
- Bekaert SA
- Orion Engineered Carbon LLC
- Royal Dutch Shell
- Umicore SA
- SIBUR International
Report Scope:
In this report, the Global Tire Material Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Tire Material Market, By Type:
- Elastomers
- Reinforcing Fillers
- Plasticizers
- Chemicals
- Metal Reinforcements
- Textile Reinforcements
Tire Material Market, By End User Type:
- Passenger Cars
- Trucks
- Buses
- LCV
- Others
Tire Material Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Tire Material Market.
Available Customizations:
Global Tire Material Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Tire Material Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements, Textile Reinforcements)
- 5.2.2. By End User Type (Passenger Cars, Trucks, Buses, LCV, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
- 5.3. Market Map
6. North America Tire Material Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By End User Type
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Tire Material Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By End User Type
- 6.3.2. Canada Tire Material Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By End User Type
- 6.3.3. Mexico Tire Material Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By End User Type
7. Europe Tire Material Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By End User Type
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Tire Material Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By End User Type
- 7.3.2. France Tire Material Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By End User Type
- 7.3.3. United Kingdom Tire Material Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By End User Type
- 7.3.4. Italy Tire Material Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By End User Type
- 7.3.5. Spain Tire Material Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By End User Type
8. Asia Pacific Tire Material Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By End User Type
- 8.2.3. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Tire Material Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By End User Type
- 8.3.2. India Tire Material Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By End User Type
- 8.3.3. Japan Tire Material Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By End User Type
- 8.3.4. South Korea Tire Material Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By End User Type
- 8.3.5. Australia Tire Material Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By End User Type
9. Middle East & Africa Tire Material Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By End User Type
- 9.2.3. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Tire Material Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By End User Type
- 9.3.2. UAE Tire Material Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By End User Type
- 9.3.3. South Africa Tire Material Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By End User Type
10. South America Tire Material Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By End User Type
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Tire Material Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By End User Type
- 10.3.2. Colombia Tire Material Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By End User Type
- 10.3.3. Argentina Tire Material Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By End User Type
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Tire Material Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Chevron Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Cabot Corporation
- 15.3. JSR Corporation
- 15.4. Thai Carbon Black PLC
- 15.5. Lanxess AG
- 15.6. Bekaert SA
- 15.7. Orion Engineered Carbon LLC
- 15.8. Royal Dutch Shell
- 15.9. Umicore SA
- 15.10. SIBUR International
16. Strategic Recommendations
17. About Us & Disclaimer