Green Tires: Global Strategic Business Report

Global Green Tires Market to Reach $193.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Green Tires estimated at US$104.8 Billion in the year 2020, is projected to reach a revised size of US$193.9 Billion by 2027, growing at a CAGR of 9.2% over the analysis period 2020-2027. Silica Incorporated Rubber, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$85.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Butyl Rubber segment is readjusted to a revised 9.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $31 Billion, While China is Forecast to Grow at 8.6% CAGR

The Green Tires market in the U.S. is estimated at US$31 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$33.6 Billion by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 7.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.

Silane Incorporated Rubber Segment to Record 8.8% CAGR

In the global Silane Incorporated Rubber segment, USA, Canada, Japan, China and Europe will drive the 8.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.4 Billion in the year 2020 will reach a projected size of US$26.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 19 Featured) -

• Apollo Tyres Ltd.
• Balkrishna Industries Limited (BKT)
• Bridgestone Corporation
• Cheng Shin Rubber Ind. Co., Ltd.
• Continental AG
• Cooper Tire & Rubber Company
• Goodyear Tire & Rubber Company
• Hankook Tire Co., Ltd.
• Kenda Tires
• Kumho Tire Co., Inc.
• Michelin
• MRF Ltd.
• Nexen Group, Inc.
• Nokian Tyres plc
• Petlas
• Pirelli & C. SpA
• Sailun Tires
• Shandong Linglong Tire Co., Ltd.
• The Yokohama Rubber Co., Ltd.
• Toyo Tires
• ZHONGCE Rubber Group Co., Ltd.

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and a Research Platform
• Complimentary updates for one year