Tire Rubber Market
Tire Rubber Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Tire Rubber Market Size and Growth
The Tire Rubber market is experiencing steady growth, driven by increasing vehicle production and rising demand for durable tires. Current market size is approximately USD 29 billion, with a projected CAGR of 4% through 2025. Key factors include technological advancements and a shift towards sustainable rubber materials in manufacturing processes.
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Companies Covered
(Covid 19 Impact Covered)
◍ Kumho Petrochemical
◍ Lanxess
◍ Goodyear
◍ JSR
◍ TSRC
◍ Trinseo
◍ Synthos
◍ Lion Elastomers(Ashland)
◍ LG
◍ Bridgestone
◍ Michelin
The Tire Rubber Market features key players like Kumho Petrochemical, Lanxess, Goodyear, JSR, and Bridgestone. These companies innovate in polymer technology, enhancing performance and sustainability. For instance, Goodyear's advanced materials drive market growth. Sales revenues include Goodyear at $16 billion and Bridgestone at $25 billion, reflecting their market influence.
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