for tire raw materials is estimated at 52.7 million tonnes for 2021. The tire raw materials market is expected to see a CAGR of 3%
Sustainability will have a significant effect on the choice of raw materials
by 2026. The tire industry faces environmental issues
that must be addressed by changes in raw materials. The process is underway in some areas and is just beginning in others.
In this report, you will learn about the factors affecting raw materials today, and those that will be affecting the tire industry to 2026 and beyond. Predictions are made for growth in different regions, and how technology and environmental factors will affect raw material availability and pricing.
Despite current setbacks due to COVID-19 and associated large-scale disruptions in economic activity and transportation, the trend towards the use of sustainable raw materials in tire making will continue and if tire companies do not respond to these dynamics, they will either be acquired or go out of business. The industry faces a number of environmental challenges and these must be addressed, with changes or modification of current raw materials. Recent trends in mergers and acquisitions will be discussed, as well as their effect on raw materials supply.
Our exclusive content
What will you discover?
- Underlying factors supporting raw materials evolution, such as sustainability, advanced mobility economics and related technologies
- Initiatives by, and opportunities for, tire makers, auto manufacturers, and raw material suppliers
- Innovations and trends in raw materials
- Economic growth and macro trends
- Summary of COVID-19 impacts on the market
- Regulatory environment.
The Smithers methodology
- Suppliers are migrating to more sustainable materials
- How progress in advanced mobility is impacting raw materials
- The environmental concerns which will drive the tire industry in the future.
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with industry experts in the tire industry and tire raw material industry. This was supported by secondary research in the form of extensive analysis of published data and information from both technical and commercial industry publications, official government statistics, domestic and international trade organisation data, company websites, trade press articles, presentations, and attendance at trade events.
Who should buy the report?
About the author
- Producers of raw materials for the tire industry
- Equipment suppliers
- Product manufacturers
- OEM auto manufacturers
- Users of the tire markets value chain
Howard Colvin has many years of experience in the tire industry with 22 years at Goodyear and 12 years with Cooper. He began his career in speciality chemicals with a focus on raw materials for antioxidants and accelerators, then moved on to lead the polymer research group in the Goodyear Chemical Division. He ended his career at Goodyear in a project manager role. At Cooper he worked in the Advanced Technology group and led Cooper’s consortium of academia, industry and government to develop a guayule concept tire. Howard is the 2021 Melvin Mooney Distinguished Technology award winner for exhibiting exceptional technical competency in rubber science and technology.