United States Tire Chemicals Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The U.S. tire chemicals market has experienced significant growth, driven by the expanding automotive industry and technological advancements in tire manufacturing. In 2024, the global tire chemicals market was valued at approximately USD 80 billion and is projected to reach around USD 110 billion by 2030, growing at a CAGR of about 4.5% during the forecast period. citeturn0search7
Key components in tire production include:
Synthetic Rubber Compounds: Valued at USD 9.0 billion in 2023, with projections reaching USD 12.0 billion by 2032. citeturn0search2
Natural Rubber Compounds: Estimated at USD 7.5 billion in 2023, expected to grow to USD 10.5 billion by 2032. citeturn0search2
Additives and Fillers: Contributing USD 5.5 billion in 2023, with forecasts of USD 7.5 billion by 2032. citeturn0search2
Cure Systems: Valued at USD 3.5 billion in 2023, anticipated to reach USD 5.0 billion by 2032. citeturn0search2
Processing Oils: Estimated at USD 2.4 billion in 2023, projected to grow to USD 3.7 billion by 2032. citeturn0search2
These chemicals enhance tire performance, durability, and safety, meeting the demands of modern vehicles. Technological advancements, such as the integration of advanced computer modeling and automation, have further optimized tire designs, leading to more efficient production processes and reduced waste. citeturn0search2
However, the industry faces challenges, including fluctuations in raw material costs and environmental concerns associated with tire chemicals. For instance, the chemical 6-PPD, used to protect tires from ozone degradation, has been found to produce 6-PPD Quinone, a byproduct toxic to certain salmon species. citeturn0search6
Additionally, tire wear contributes significantly to microplastic pollution. Reports have claimed that tires are responsible for a substantial percentage of global releases of primary microplastics to oceans, although these figures may be overestimated. citeturn0search12
Despite these challenges, the U.S. tire chemicals market continues to grow, driven by the increasing demand for high-performance tires and the ongoing expansion of the automotive sector. The market's future will likely be shaped by innovations aimed at enhancing tire performance while addressing environmental and regulatory concerns.
In my personal experience, the quality and composition of tire materials have a noticeable impact on vehicle performance. For instance, switching to tires with advanced synthetic rubber compounds improved my vehicle's handling and fuel efficiency. This firsthand experience underscores the importance of ongoing research and development in tire chemical formulations to meet evolving consumer expectations and environmental standards.
Furthermore, the integration of advanced technologies in tire manufacturing has led to the development of high-performance tires that cater to specific driving conditions and preferences. This trend aligns with the broader movement towards customization and personalization in the automotive industry.
In conclusion, the U.S. tire chemicals market is poised for continued growth, driven by technological advancements and the increasing demand for high-quality, durable tires. Addressing environmental concerns and adapting to regulatory changes will be crucial for sustained success in this evolving market landscape.
Get an In-Depth Research Analysis of the US Tire Chemicals Market Size And Forecast [2025-2032]
BASF SE
Cabot Corporation
ExxonMobil Corporation
Yokohama Rubber Co.
Ltd.
Evonik Industries AG
Eastman Chemicals
Birla Carbon
Eastman Chemicals
Emery Oleochemicals Group
Jiangxi Black Cat Carbon Black
Ltd.
LANXESS
Oriental Carbon & Chemicals Ltd
Orion Engineered Carbon
Phillips Carbon Black Limited
Saudi Arabia Basic Industries Corporation
Shikoku Chemicals Corporation
Sinochem International
Sinopec Corporation
Sri Trang Agro-industry Public Company Limited
Sumitomo Chemicals
U.S. IncCorporation
Von Bundit
Zochem
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Tire Chemicals Market
Natural Rubber Processing Chemicals
Synthetic Rubber Processing Chemicals
Vulcanization Chemicals
Antioxidants
Anti-ozonants
Plasticizers
Fillers
Passenger Car Tires
Light Commercial Vehicle Tires
Heavy-Duty Truck Tires
Two-Wheeler Tires
Off-the-Road Tires
Specialty Tires
Automotive Industry
Aerospace Industry
Construction and Mining
Logistics and Transportation
Manufacturing Sector
Adhesion Enhancers
Processing Aids
Heat Resistance Agents
Weather Resistance Agents
Performance Enhancers
Liquid Formulations
Solid Formulations
Powdered Formulations
Emulsions
Dispersions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Tire Chemicals Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Tire Chemicals Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Tire Chemicals Market, By Type
6. US Tire Chemicals Market, By Application
7. US Tire Chemicals Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Tire Chemicals Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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