Global Tire Chemicals Market Research Report: Forecast (2025-2030)

Market Definition

A mixture of chemicals is used in the production process and throughout the whole life cycle of tires, including rubbers, antioxidants, fillers, antiozonants, and vulcanization chemicals. The use of tire chemicals prevents the tires from breaking down due to exposure to oxygen or temperature variations, enhances the performance of tires against wear & tear, improves rolling resistance, and reduces the effect of ozone on the surface of tires.

Market Insights & Analysis: Global Tire Chemicals Market (2025-30):

The Global Tire Chemicals Market size is valued at around USD 80 billion in 2024 and is projected to reach USD 110 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.5 % during the forecast period, i.e., 2025-30. The Global Tire Chemicals Market is driven by the expansion of production of passenger cars, two-wheelers, and demand for LCV and M & HCV. The total global production of automobile vehicles in 2023 was approximately 93.54 million units showing an increase of 10% from the 84.83 million units in 2022, according to the facts from OICA. Thus, the growing automobile units are projecting the growth prospects for tire production and tire chemicals manufacturing companies.

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Further, the condition of roads is deteriorating due to the degrading surface quality, use of rough and loud concrete & asphalt, and differing frost heave. It increases the replacement demand for tires. On the other hand, the development of expressways is increasing the average speed of vehicles on these roads. Therefore, to deal with the growing pressure due to the increased average speed, there will be the requirement to change the specification of tires, ultimately raising the demand for tire chemicals.

Moreover, the irregular extreme weather events across the globe such as the occurrence of heatwaves in India, rain & floods in Brazil, rains in the UAE, floods in Kenya, and South China floods are impacting the working of tires. Thus, the rising climatic variations will require more specialized tire chemicals to reduce the risk of breaking down or wear & tear of tires during extreme heat or exposure to oxygen. Also, the fleet of more than 1.4 billion passenger cars across the globe in 2024 requires the replacement of old tires.

The promotion of electric vehicles is also expected to boost the market in the upcoming years, by creating the need for special chemicals to be used in the tires of electric vehicles. In 2022, electric passenger cars held a 10% share in the passenger car market, in 2023 which has risen to a 20% share in the overall passenger car market, as stated by the IEA. In 2023, the number of electric cars sold is approximately 14 million units. Along with passenger cars, the number of electric three-wheelers, which were newly registered in 2023 increased by 30% to 929,000 units, from the initial 709,000 units in 2022. Thus, growth in the electric vehicles fleet will ultimately create the demand for tire chemicals in the EV industry.

Global Tire Chemicals Market Driver:

Expanding Automobile Industry – Globally, the disposable income of individuals is growing, which is resulting in rising sales of vehicles. The logistics requirements owing to augmenting e-commerce have also stimulated the sales of commercial vehicles. All these driving factors of the automobile industry are ultimately creating the demand for tire chemicals. Easy financing solutions also increase the sale of vehicles by providing loans, EMIs, etc. The transportation industry is expanding due to the rising trend of rental services. Moreover, the global sale of automobile vehicles has increased to 92.74 million units in 2023 from 82.71 million units in 2022, as per the facts provided by the OICA. Further, from the total sale of vehicles in 2023, 65.27 million units were of passenger cars, while 27.45 million units were of commercial vehicles. Thus, every year, the expanding automobile industry creates the demand for more and more tires, which ultimately keeps the demand for tire chemicals higher and helps in the growth of the Global Tire Chemicals Market.

Global Tire Chemicals Market Opportunity:

Growing Demand for Electric Vehicles to Create Ample Growth Opportunities – Many countries, from China, the Netherlands, Iceland, and Sweden to Norway, have planned to cut CO₂ emissions and are increasingly inclining towards the use and promotion of electric vehicles. On the other hand, other countries such as Israel, India, Egypt, the UK, and Australia are focusing more on electric vehicle inculcation to lower their dependence on the use of imported oil. Electric vehicles require special types of tires whose resistance is low compared to normal tires to ensure a lower consumption of energy. Also, the torque of electric vehicles is greater than that of normal tires. These special characteristics will require special chemicals and manufacturing of electric vehicle tires. Further, an increase of almost 12% was seen in the sales of electric vehicles in 2023, with 22.81 million units sold in 2023 compared to 20.34 million units sold in 2022, as per the facts provided by IEA. Thus, it is evident that the enlarging demand & sale of electric vehicles across the globe is projected to provide various opportunities for growth for both tire & tire chemicals manufacturers in all parts of the globe.

Global Tire Chemicals Market Challenge:

Waste Tire Disposal & Regulatory Pressure Hindering Market Growth – The annual tire production across the globe exceeds 1.6 billion units, as stated by the Material Recycling Association of India (MRAI). Further, the generation of waste tires is approximately 1 billion units out of which only 100 million units are processed by the recycling industry annually. Moreover, the value of the reclaimed rubber across the globe by 2027 is expected to cross USD 6.5 billion. Waste generated by rubbers can potentially affect the environment in negative ways such as the addition of harmful gases in the air, contamination of underground water, and the formation of fumes & dust. Thus, it is emerging as a challenge to process & treat the huge waste generated by the old and useless tires. Thus government may impose strict regulations for the same which may impact new tire production and increase the usage of refurbished tires. Ultimately, such strict regulations globally may hinder the growth & expansion of the tire chemicals industry.

Global Tire Chemicals Market (2025-30): Segmentation Analysis

The Global Tire Chemicals Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025-2030 at the global level. Based on the analysis, the market has been further classified as:

Based on Application Type:

• Automobile Tires
  • Passenger Car
  • Two & three wheeler
  • LCV
  • M & HCV
  • OTR
• Others (Aircraft Tires, Marine Tires, etc.)

The global tire chemicals industry is bifurcated into automobile vehicles and others including aircraft & marine tires. The share of automobile tires among all vehicle types is the largest, having around 90% of the total market value. Further, the share of passenger cars in the automobile industry is also approximately exceeding the value of 45%. The rise of car-sharing platforms, the emergence of the aspirational Gen Z population, and easy financing options have been pushing the sales of passenger cars. Therefore, automobile tires specifically passenger car tires are holding the largest market share and are expected to dominate the market during the forecast period.

Based on Chemical Type:

• Rubbers
  • Natural Rubber
  • Synthetic Rubber
• Antioxidants
  • Amine Antioxidants
  • Phenolic Antioxidants
  • Heterocyclic Antioxidants
• Antiozonants
• Fillers
  • Carbon Black
  • Silica
• Vulcanization Chemicals
  • Sulphur
  • Zinc Oxide

Of all the important chemical types, the largest market share is held by the Rubbers, accounting for more than 50% share. Natural and synthetic are the two main types of rubber. Natural rubbers hold approximately 30% market share and synthetic rubber holds approximately 25% market share. In the manufacturing of tires, rubbers are the main chemicals used, which led to the highest share of rubbers, and it will dominate the chemical type segment in the forecast period as well.

Global Tire Chemicals Market (2025-30): Regional Projections

Geographically, the Global Tire Chemicals Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Asia-Pacific holds the largest market share in the Global Tire Chemicals Market, from all the major leading regions. It contributes approximately 60% to the Global Tire Chemicals Market. The rapidly growing economies like India and China are part of this region, with increasing deployment of vehicles. Also, individuals with car ownership or personal vehicles are rapidly growing in the region, ultimately raising the demand for tires & tire chemicals. In addition to this, the motor vehicle production of the Asia-Pacific in 2023 was more than 55 million units, as stated by the International Organization of Motor Vehicle Manufacturers. While for Europe it was approximately 18.11 million units and for North America, it was around 16.11 million units. Therefore, higher motor vehicle production is one of the major factors causing a high demand for tires & tire chemicals.

Global Tire Chemicals Industry Recent Development:

• 2024: Birla Carbon announced the construction of two new carbon black plants in Niadupet, Andhra Pradesh, India, and Rayong, Thailand.
• 2023: Cabot Corporation launches EVOLVE^TM a sustainable solutions technology platform that is focused on advancing sustainable reinforcing carbons.

Gain a Competitive Edge with Our Global Tire Chemicals Market Report

1. Global Tire Chemicals Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Global Tire Chemicals Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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