Market Overview:
The global tire additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles and industrial tires across the globe. In addition, the growing awareness about vehicle safety and fuel efficiency is also propelling the demand for tire additives. The global tire additives market is segmented on the basis of type, application, and region. On the basis of type, it is divided into silica, carbon black, thioacetic acid, para phenylene diamines (PPDs), styrenated phenol (SP), insoluble sulfur (IS), and others. Silica dominates the global tire additives market owing to its properties such as high thermal stability and low reactivity with other chemicals present in rubber compounds used in tires manufacturing process.
Product Definition:
Tire additives are chemicals that are added to tires in order to improve their performance. They can improve the grip of the tire on the road, make it more resistant to wear and tear, and extend its life. Tire additives are important because they can help drivers get better performance out of their tires, which can lead to safer driving.
Silica:
Silica is a chemical compound, found in the earth's crust and also in living organisms. It has a crystalline structure and is mainly used as an additive for rubber, plastics, paints & coatings. Silica provides hardness and strength to products; it acts as an anti-caking agent during processing & transportation of goods; it improves color stability while improving the shelf life of products; it increases tear resistance which makes them easier to break but stronger when intact.
Carbon Black:
Carbon black is a form of carbon, which has been processed to give it a higher melting point. The product finds use in several end-use industries including automotive and rubber & plastic. It is widely used as an additive in the tire industry owing to its high heat resistance property. Carbon black improves the overall performance of tires by increasing their heat resistance thereby reducing the risk of tread separation and blistering.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The growing automotive industry, particularly in developing regions such as Asia Pacific and Middle East & Africa, is anticipated to drive the demand for tires with enhanced performance characteristics.
The other applications include construction equipment, aircraft tires and industrial rubber products. Tire additives are widely used in industrial rubber products owing to their beneficial effects on various properties of these products including durability, abrasion resistance, heat aging stability etcetera.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and increasing automobile production, especially in China, India, Indonesia and Thailand. In addition, rising disposable income levels are anticipated to fuel product demand from end-use industries such as automotive and construction over the next eight years.
The presence of major tire manufacturing companies including Bridgestone Corporation; Michelin Group; Goodyear Tire & Rubber Company; Apollo Tyres Ltd.; FTR Tyres Ltd.; etc., coupled with raw material suppliers including Jitaijiang Non-Metallic Mineral Co., Ltd., Hebeichem Co., Ltd.; etc will propel industry expansion across Asia Pacific during the forecast period.
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vehicles
- Stringent emission norms by regulatory authorities across the globe
- Rising demand for lightweight vehicles to improve fuel efficiency
- Proliferation of electric and hybrid vehicles
- Growing popularity of radial tires over bias tires
Scope Of The Report
Report Attributes
Report Details
Report Title
Tire Additives Market Research Report
By Type
Silica, Carbon Black, Thioacetic Acid, Para Phenylene Diamines, Styrenated Phenol, Insoluble Sulfur, Others
By Application
Automobile, Industrial, Other
By Companies
Arkema, Arkochem, BASF, Eastman, Kraton, Lanxess, Orion Engineered Carbons, PMC Group, Shin-Etsu Chemical, Solvay, Arkema, WR Grace, Nocil
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Tire Additives Market Report Segments:
The global Tire Additives market is segmented on the basis of:
Types
Silica, Carbon Black, Thioacetic Acid, Para Phenylene Diamines, Styrenated Phenol, Insoluble Sulfur, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arkema
- Arkochem
- BASF
- Eastman
- Kraton
- Lanxess
- Orion Engineered Carbons
- PMC Group
- Shin-Etsu Chemical
- Solvay
- Arkema
- WR Grace
- Nocil
Highlights of The Tire Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Silica
- Carbon Black
- Thioacetic Acid
- Para Phenylene Diamines
- Styrenated Phenol
- Insoluble Sulfur
- Others
- By Application:
- Automobile
- Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tire Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tire additives are chemicals or compounds that are added to tires in order to improve their performance. Common tire additives include nitrogen, air, and oil.
Some of the key players operating in the tire additives market are Arkema, Arkochem, BASF, Eastman, Kraton, Lanxess, Orion Engineered Carbons, PMC Group, Shin-Etsu Chemical, Solvay, Arkema, WR Grace, Nocil.
The tire additives market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tire Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tire Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tire Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tire Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tire Additives Market Size & Forecast, 2018-2028
4.5.1 Tire Additives Market Size and Y-o-Y Growth
4.5.2 Tire Additives Market Absolute $ Opportunity
Chapter 5 Global Tire Additives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tire Additives Market Size Forecast by Type
5.2.1 Silica
5.2.2 Carbon Black
5.2.3 Thioacetic Acid
5.2.4 Para Phenylene Diamines
5.2.5 Styrenated Phenol
5.2.6 Insoluble Sulfur
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tire Additives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tire Additives Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Industrial
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tire Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tire Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tire Additives Analysis and Forecast
9.1 Introduction
9.2 North America Tire Additives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tire Additives Market Size Forecast by Type
9.6.1 Silica
9.6.2 Carbon Black
9.6.3 Thioacetic Acid
9.6.4 Para Phenylene Diamines
9.6.5 Styrenated Phenol
9.6.6 Insoluble Sulfur
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tire Additives Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Industrial
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tire Additives Analysis and Forecast
10.1 Introduction
10.2 Europe Tire Additives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tire Additives Market Size Forecast by Type
10.6.1 Silica
10.6.2 Carbon Black
10.6.3 Thioacetic Acid
10.6.4 Para Phenylene Diamines
10.6.5 Styrenated Phenol
10.6.6 Insoluble Sulfur
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tire Additives Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Industrial
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tire Additives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tire Additives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tire Additives Market Size Forecast by Type
11.6.1 Silica
11.6.2 Carbon Black
11.6.3 Thioacetic Acid
11.6.4 Para Phenylene Diamines
11.6.5 Styrenated Phenol
11.6.6 Insoluble Sulfur
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tire Additives Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Industrial
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tire Additives Analysis and Forecast
12.1 Introduction
12.2 Latin America Tire Additives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tire Additives Market Size Forecast by Type
12.6.1 Silica
12.6.2 Carbon Black
12.6.3 Thioacetic Acid
12.6.4 Para Phenylene Diamines
12.6.5 Styrenated Phenol
12.6.6 Insoluble Sulfur
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tire Additives Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Industrial
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tire Additives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tire Additives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tire Additives Market Size Forecast by Type
13.6.1 Silica
13.6.2 Carbon Black
13.6.3 Thioacetic Acid
13.6.4 Para Phenylene Diamines
13.6.5 Styrenated Phenol
13.6.6 Insoluble Sulfur
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tire Additives Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Industrial
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tire Additives Market: Competitive Dashboard
14.2 Global Tire Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkema
14.3.2 Arkochem
14.3.3 BASF
14.3.4 Eastman
14.3.5 Kraton
14.3.6 Lanxess
14.3.7 Orion Engineered Carbons
14.3.8 PMC Group
14.3.9 Shin-Etsu Chemical
14.3.10 Solvay
14.3.11 Arkema
14.3.12 WR Grace
14.3.13 Nocil
