© 2016 Global Market Insights, Inc. USA. All Rights Reserved Tire Chemicals Market Trends, Technology and Future Forecast Tire Chemicals Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Market Scenario of Tire Chemicals Tire Chemicals Market size is likely to surpass 40 million tons by High growth in the global automobiles industry will fuel the tire chemicals market in coming years. The key factor for the growth of tire chemicals market is the improving economic condition of people in many countries leading to a high growth in passenger car and heavy and medium weight vehicles. Global tire demand in 2015 was more than 2000 million units in 2015 and it is expected to rise during the forecast years. The value-added features such as durability, reliability, brightness, low radiated heat led to rising adoption of LED products initiating a positive shift in the market. Global passenger car sales were more than 33 million units and commercial vehicles sales was about 12 million units in 2016 and this is expected to rise in the coming years.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Product Analysis:- Based on chemicals, tire chemicals market is segmented as – natural rubber, synthetic rubber, accelerators, carbon black, fillers, plasticizers, stearic acid, anti-oxidants, Sulphur, synthetic textiles, zinc oxide. Natural and synthetic rubber has the largest share among tire chemicals because of its ability to support weight, withstand damage and absorb shocks. Natural rubber is the basic elastomer used in tire manufacturing and synthetic rubber is used as a substitute for natural rubber. Regional Trends:- Tire chemicals market is segmented into five regions viz. north America, Europe, Asia pacific, Middle east and Africa and Latin America. The largest share is in the Asia Pacific region because this region has a considerable number of tire manufacturing and automobile industries. Because of the absence of tire manufacturing and automobile companies Middle East, Latin America and Africa has a limited share in the tire chemicals market and will witness a slow growth.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Competitor Analysis:- There are many companies in the tire chemicals market like BASF SE, Eastman Chemicals, Cabot Corporation,Evonik Industries AG, Jiangxi Black Cat Carbon Black Inc., Birla Carbon, ExxonMobil Corporation, Emery Oleochemicals Group, Phillips Carbon Black Limited, Saudi Arabia Basic Industries Corporation,Oriental Carbon & Chemicals, LANXESS AG, Orion Engineered Carbon, Sinopec Corporation, Sinochem International, Shikoku Chemicals,U.S. Zinc Corporation, Zochem Inc., Sumitomo Chemicals, Von Bundit, Sri Trang Agro-industry.

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