Market Overview:
The global tire tread performance resins market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. The global tire tread performance resins market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into ethylene propylene diene monomer (EPDM), natural rubber (NR), styrene butadiene rubber (SBR), other rubber. On the basis of application, it is classified into passenger vehicle and commercial vehicle segments. Region wise, it covers North America, Latin America Europe Asia Pacific Middle East & Africa regions.
Product Definition:
A resin that is used to improve the performance of a tire tread. Tire tread performance resins can help to improve traction, wear resistance, and fuel economy. They are typically made from synthetic rubber or polyurethane.
Ethylene Propylene Diene Monomer (EPDM):
Ethylene propylene diene monomer (EPDM) is a kind of synthetic rubber, which has high resistance to oil and chemicals. It also provides excellent flexibility and low aging properties. These properties have made it one of the most important materials in the tire industry over the past years. EPDM is used for manufacturing treads, sidewalls, flaps as well as bead-to-bead laminates in tires.
Natural Rubber (NR):
Natural rubber (NR) is the primary raw material used in the production of tire tread performance resins. Tire manufacturers use natural rubber for several reasons such as high tensile strength, abrasion resistance, and low heat buildup & release characteristics. Natural rubber is a sustainable resource that can be recycled numerous times without losing its original properties. It also has a lower carbon footprint than synthetic rubbers which makes it an environmentally preferable product to manufacture tires with.
Application Insights:
Passenger vehicle application dominated the global tire tread performance resins market, accounting for over 60.0% share of the overall revenue in 2017. Rising disposable income and standard of living is expected to be a key factor driving demand in this segment. In addition, increasing penetration of social media has created a new set of marketing opportunities for automobile manufacturers which are expected to further fuel growth over the forecast period.
Commercial vehicle application is also estimated to witness significant growth during the forecast period on account of growing construction industry across various regions including Asia Pacific and Middle East & Africa on account of supportive government policies aimed at promoting industrialization.
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 increasing demand for commercial and passenger vehicles, especially in China and India. In addition, rising disposable income levels coupled with an expanding middle-class population base will augment product demand across emerging economies such as Indonesia, Vietnam, Thailand and Philippines among others.
The growing automotive industry along with favorable government regulations aimed at promoting investments from international manufacturers are anticipated to boost production activities across major countries including Brazil, Argentina and Mexico among others which are likely to contribute significantly towards regional growth during the forecast period.
Europe was estimated as being the second largest regional segment by revenue after Asia Pacific in 2017 due to high demand from several key markets including Germany Italy France Spain UK Russia Poland etc.
Growth Factors:
- Increasing demand for fuel-efficient and low-rolling resistance tires from the automotive industry
- Rising demand for eco-friendly and lightweight tires from the tire manufacturing companies
- Growing trend of using advanced polymers in tire treads to improve performance
- Proliferation of radial tires in the global market that require high-quality tread resins
- Increasing investments by resin manufacturers in R&D to develop innovative products
Scope Of The Report
Report Attributes
Report Details
Report Title
Tire Tread Performance Resins Market Research Report
By Type
Ethylene Propylene Diene Monomer (EPDM), Natural Rubber (NR), Styrene Butadiene Rubber (SBR), Other Rubber
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
AB SKF, ALP Group, Bohra Rubber, Continental Automotive, Cooper-Standard Automotive, Dana Incorporated, Federal-Mogul, Freudenberg Group, Hebei Shinda Seal Group, Hutchinson SA, NOK Corporation, Steele Rubber Products, Sumitomo Riko, Trelleborg AB, Jayem Auto Industries Pvt Ltd, Bony Polymers Pvt Ltd
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Tire Tread Performance Resins Market Report Segments:
The global Tire Tread Performance Resins market is segmented on the basis of:
Types
Ethylene Propylene Diene Monomer (EPDM), Natural Rubber (NR), Styrene Butadiene Rubber (SBR), Other Rubber
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
Passenger Vehicle, Commercial Vehicle
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:
- AB SKF
- ALP Group
- Bohra Rubber
- Continental Automotive
- Cooper-Standard Automotive
- Dana Incorporated
- Federal-Mogul
- Freudenberg Group
- Hebei Shinda Seal Group
- Hutchinson SA
- NOK Corporation
- Steele Rubber Products
- Sumitomo Riko
- Trelleborg AB
- Jayem Auto Industries Pvt Ltd
- Bony Polymers Pvt Ltd
Highlights of The Tire Tread Performance Resins 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:
- Ethylene Propylene Diene Monomer (EPDM)
- Natural Rubber (NR)
- Styrene Butadiene Rubber (SBR)
- Other Rubber
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Tread Performance Resins 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
- Channel & Customer Management
- 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 tread performance resins are a type of adhesive that is used to improve the grip and traction of tires on surfaces such as roads, sidewalks, and parking lots. They are also used to seal punctures in tires.
Some of the major companies in the tire tread performance resins market are AB SKF, ALP Group, Bohra Rubber, Continental Automotive, Cooper-Standard Automotive, Dana Incorporated, Federal-Mogul, Freudenberg Group, Hebei Shinda Seal Group, Hutchinson SA, NOK Corporation, Steele Rubber Products, Sumitomo Riko, Trelleborg AB, Jayem Auto Industries Pvt Ltd, Bony Polymers Pvt Ltd.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tire Tread Performance Resins 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 Tread Performance Resins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tire Tread Performance Resins 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 Tread Performance Resins 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 Tread Performance Resins Market Size & Forecast, 2020-2028
4.5.1 Tire Tread Performance Resins Market Size and Y-o-Y Growth
4.5.2 Tire Tread Performance Resins Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Ethylene Propylene Diene Monomer (EPDM)
5.2.2 Natural Rubber (NR)
5.2.3 Styrene Butadiene Rubber (SBR)
5.2.4 Other Rubber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tire Tread Performance Resins 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 Tread Performance Resins 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Ethylene Propylene Diene Monomer (EPDM)
9.6.2 Natural Rubber (NR)
9.6.3 Styrene Butadiene Rubber (SBR)
9.6.4 Other Rubber
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 Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Ethylene Propylene Diene Monomer (EPDM)
10.6.2 Natural Rubber (NR)
10.6.3 Styrene Butadiene Rubber (SBR)
10.6.4 Other Rubber
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 Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Ethylene Propylene Diene Monomer (EPDM)
11.6.2 Natural Rubber (NR)
11.6.3 Styrene Butadiene Rubber (SBR)
11.6.4 Other Rubber
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 Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Ethylene Propylene Diene Monomer (EPDM)
12.6.2 Natural Rubber (NR)
12.6.3 Styrene Butadiene Rubber (SBR)
12.6.4 Other Rubber
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 Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Ethylene Propylene Diene Monomer (EPDM)
13.6.2 Natural Rubber (NR)
13.6.3 Styrene Butadiene Rubber (SBR)
13.6.4 Other Rubber
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) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Tread Performance Resins Market: Competitive Dashboard
14.2 Global Tire Tread Performance Resins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AB SKF
14.3.2 ALP Group
14.3.3 Bohra Rubber
14.3.4 Continental Automotive
14.3.5 Cooper-Standard Automotive
14.3.6 Dana Incorporated
14.3.7 Federal-Mogul
14.3.8 Freudenberg Group
14.3.9 Hebei Shinda Seal Group
14.3.10 Hutchinson SA
14.3.11 NOK Corporation
14.3.12 Steele Rubber Products
14.3.13 Sumitomo Riko
14.3.14 Trelleborg AB
14.3.15 Jayem Auto Industries Pvt Ltd
14.3.16 Bony Polymers Pvt Ltd
