Lucintel Forecasts Carbon Black in Tire Market to Reach $21.0 billion by 2030
Lucintel Forecasts Carbon Black in Tire Market to Reach $21.0 billion by 2030
Blog Article
According to the recent study the Carbon Black in Tire Market is projected to reach an estimated $21.0 billion by 2030 from $15.1 billion in 2023 at a CAGR of 4.8% from 2024 to 2030. Growth in this market is primarily driven by strong demand for tires from passenger cars and commercial vehicles.
Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in carbon black in tire market by application (passenger car tire, commercial vehicles tire, others), and end user industry (OEM, replacement), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that the replacement tire industry is expected to remain the largest segment over the forecast period. Rising average vehicle life and continuous expansion of automotive vehicle fleet is expected to spur growth for this segment over the forecast period.
Carbon black tire demand for carbon black in commercial vehicles is likely to experience the significant growth in the forecast period supported by rapid development of the transportation infrastructure in emerging nation and recovery in global economy.
Download sample by clicking on Carbon Black in Tire Market
Asia Pacific will remain the largest region by value and volume, and it is also expected to witness the highest growth over the forecast period, propelled by higher vehicle production and shift of tire production to low-cost countries, such as India and China.
Birla Carbon, Orion Engineered Carbon, Cabot Corporation, Omsk Carbon Group, Philips Carbon Black, China Synthetic Rubber Corporation, Tokai Carbon, Denka Company Limited, Himadri Specialty Chemical, Imerys Graphite & Carbon, Continental Carbon Company are the major suppliers in the carbon black in tire market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972 636 5056
Explore Our Latest Publications
Gravity Sensor Market
Playing Card Market
Pumped Hydroelectric Energy Storage (PHES) Market
Spa and Salon Software Market
Spent Nuclear Fuel (SNF) Dry Storage Casks Market
Tara Gum Market