Green Tires Market - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. Green Tires Market
Green tires are defned as those tries, which are lighter in weight, make the vehicle fuel-efcient, have lower rolling resistance, long-life, and retreadable tire, which is produced from renewable materials. The production process for these tires does not require excessive amount of energies while manufacturing of these tires and the pollution generated is relatively low. Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/green-tires-market-2087
Increasing demand for fuel efcient vehicles and government initiatives environment protection are major factors driving growth of the market
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Growing demand for fuel efcient vehicles, due to low availability of convectional fuel is one of the major driving factors for growth of the market. This green tire helps in reducing consumption of fuel, as it creates less amount of friction while moving the vehicle on road. This reduces rolling resistance of the tire, which further lessens fuel consumption of vehicles. This factor in turn helps in reducing fuel consumption by 5–15%. According to the California Energy Commission (CEC) analysis, the adoption of low-rolling resistance tires could save 1.5–4.5% of all gasoline consumption. Thus, adoption green tire will positively help in reducing consumption of fuel,