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Tire Material Market to Grow

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Feb. 18, 2020—A recent report from Reportlinker on the global tire material market predicts it will grow with a CAGR of 5.4 percent over the forecast period from 2018-2024. The study on tire material market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2016 to 2024.

The report finds that a growing automotive industry is driving the tire material market, along with the adoption of rethreading of tires. It is expected there will be a fluctuation in raw material prices, which will hamper the tire material market price. However, ongoing research and development of new grades of tires will provide opportunities.

The report gives an extensive profile on the following companies:

  • Chevron Corporation
  • Goodyear Tire & Rubber Company
  • PetroChina Company Limited
  • Sinopec Corp
  • KURARAY CO., LTD.
  • JSR Corporation
  • Phillips 66 Company
  • Royal Dutch Shell
  • Umicore
  • Exxon Mobil Corporation

To read the full report, visit https://www.reportlinker.com/p05751697/?utm_source=PRN.

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