Tire Chemicals Market Analysis Report, Regional Outlook & Forecast, 2016 – 2024

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Tire Chemicals Market Trends, Technology and
Future Forecast 2016-2024
Tire Chemicals Market  Size, Industry Analysis
Report, Regional Outlook, Application Development
Potential, Price Trends, Competitive Market Share
Forecast, 2016 2024
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Global Market Scenario of Tire Chemicals

• Tire Chemicals Market size is likely to surpass
  40 million tons by 2024. High growth in the
  global automobiles industry will fuel the tire
  chemicals market in coming years.
• The key factor for the growth of tire chemicals
  market is the improving economic condition of
  people in many countries leading to a high growth
  in passenger car and heavy and medium weight
  vehicles.
• Global tire demand in 2015 was more than 2000
  million units in 2015 and it is expected to rise
  during the forecast years. The value-added
  features such as durability, reliability,
  brightness, low radiated heat led to rising
  adoption of LED products initiating a positive
  shift in the market.
•  Global passenger car sales were more than 33
  million units and commercial vehicles sales was
  about 12 million units in 2016 and this is
  expected to rise in the coming years.

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• Product Analysis-
• Based on chemicals, tire chemicals market is
  segmented as natural rubber, synthetic rubber,
  accelerators, carbon black, fillers,
  plasticizers, stearic acid, anti-oxidants,
  Sulphur, synthetic textiles, zinc oxide.
• Natural and synthetic rubber has the largest
  share among tire chemicals because of its ability
  to support weight, withstand damage and absorb
  shocks.
• Natural rubber is the basic elastomer used in
  tire manufacturing and synthetic rubber is used
  as a substitute for natural rubber.
• Regional Trends-
• Tire chemicals market is segmented into five
  regions viz. north America, Europe, Asia pacific,
  Middle east and Africa and Latin America.
• The largest share is in the Asia Pacific region
  because this region has a considerable number of
  tire manufacturing and automobile industries.
•  Because of the absence of tire manufacturing and
  automobile companies Middle East, Latin America
  and Africa has a limited share in the tire
  chemicals market and will witness a slow growth.

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• Competitor Analysis-
• There are many companies in the tire chemicals
  market like
• BASF SE, Eastman Chemicals, Cabot
  Corporation,Evonik Industries AG,
• Jiangxi Black Cat Carbon Black Inc., Birla
  Carbon, ExxonMobil Corporation,
• Emery Oleochemicals Group, Phillips Carbon Black
  Limited,
• Saudi Arabia Basic Industries Corporation,Oriental
  Carbon Chemicals,
• LANXESS AG, Orion Engineered Carbon, Sinopec
  Corporation,
• Sinochem International, Shikoku Chemicals,U.S.
  Zinc Corporation,
• Zochem Inc., Sumitomo Chemicals, Von Bundit, Sri
  Trang Agro-industry. 

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