Tire Material Market Report 2026

The tire material market size has grown strongly in recent years. It will grow from $93.05 billion in 2025 to $98.62 billion in 2026 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to increasing availability of natural rubber supply, expansion of synthetic rubber production, rising use of carbon black fillers, growth in automotive tire demand, advancements in chemical compounding techniques.

The tire material market size is expected to see strong growth in the next few years. It will grow to $122.75 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increasing adoption of sustainable and bio-based materials, rising demand for low-emission tire materials, expansion of electric vehicle tire production, growing investments in advanced elastomer research, increasing regulatory focus on material sustainability. Major trends in the forecast period include increasing adoption of sustainable rubber compounds, rising demand for high-performance synthetic rubber, growing use of silica-based reinforcing fillers, expansion of lightweight metal and textile reinforcements, enhanced focus on chemical performance optimization.

The rise in motor vehicle production is expected to accelerate the growth of the tire material market in the coming years. Motor vehicle production involves the mass manufacturing of passenger and commercial vehicles across automotive manufacturing facilities worldwide. The increase in motor vehicle production is driven by the recovery and expansion of global automotive manufacturing capacity following the normalization of supply chains. Tire materials provide strength, durability, and traction, enabling motor vehicles to meet essential safety, performance, and reliability standards during large-scale production. For example, in April 2024, according to the Serbian Association of Vehicle and Parts Importers, a Serbia-based professional automotive organization, global vehicle production reached 93,546,599 units in 2023, including 67,133,570 passenger vehicles, reflecting a significant rise from 84,830,376 vehicles produced in 2022. Consequently, the surge in motor vehicle production is fueling the growth of the tire material market.

Leading players operating in the tire material market are emphasizing sustainability-focused innovations, such as sustainable tire materials, to improve environmental performance, meet regulatory requirements, and strengthen brand positioning. Sustainable tire materials are derived from renewable, recycled, or bio-based sources and help reduce dependence on fossil-based inputs while preserving tire strength, durability, and performance. For instance, in March 2024, GRI, a Sri Lanka-based manufacturer of specialty tires for agriculture, material handling, and construction equipment, introduced its next generation of eco-friendly specialty tires with a high proportion of sustainable materials. The company’s sustainable agriculture tire range, the GREEN XLR EARTH series, incorporates 87.3% sustainable materials, while the ULTIMATE GREEN XT, designed for material handling applications, contains 93.5% sustainable material content.

In April 2024, Continental, a Germany-based technology firm focused on automotive solutions, acquired EMT Púchov s.r.o. for an undisclosed sum. This acquisition bolsters Continental’s internal capabilities in mold-making technologies, enabling the company to independently manufacture tire molds for various applications as required. EMT Púchov s.r.o. is a Slovakia-based company that specializes in mold manufacturing.

Major companies operating in the tire material market are Orion Engineered Carbons LLC, SIBUR International GmbH, SRF LIMITED, Exxon Mobil Corporation, Teijin Aramid B.V., Birla Carbon Black Limited, Metro Tyre & Industries Limited, Federal Corporation Sdn Bhd, Nokian Tyres PLC, Bekaert Industries India Limited, Cabot Corporation, JSR Corporation, Kuraray Co. Ltd., LANXESS AG, Phillips Carbon Black Limited, PetroChina Company Limited, Solvay SA, Continental AG, The Goodyear Tire & Rubber Company, Michelin & Cie. SCA, Bridgestone Corporation, Sumitomo Rubber Industries Ltd., The Yokohama Rubber Co. Ltd., Hankook Tire & Technology Co. Ltd.

Asia-Pacific was the largest region in the tire material market share in 2025 and is expected to be the fastest-growing region in the forecast period. The regions covered in the tire material market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the tire material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tire material market consists of sales of tire materials by light to medium tires including winter tires, all-season tires, all-terrain tires, mud terrain tires, high-performance tires, and run-flat tires. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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