Introduction to Asia-Pacific Sustainable Tire Materials Market
The Asia-Pacific sustainable tire materials market (excluding China) is projected to reach $5.1 million by 2032 from $1.0 million in 2022, growing at a CAGR of 19.08% during the forecast period 2023-2032. The market for sustainable tire materials is anticipated to rise as a result of the increasing demand for environmentally friendly tires, new developments, and the incorporation of sustainable tire materials during the production process of tires for cars and trucks.

Market Introduction
Harmful carbon emissions and detrimental effects on the environment are linked to the use of non-renewable resources in tire production. Leading APAC tire producers, including Michelin and The Goodyear Tire and Rubber Company, are now making sustainable tires with improved fuel efficiency, a shorter lifespan, and a lower carbon footprint in order to address this problem. The region’s leading nations have set high goals to lessen their influence on the environment, and these sustainable tire materials meet those goals. It is also anticipated that new and creative sustainable tire solutions will be introduced as a result of the increased focus on research and development in the area of sustainable tire materials. While the market for environmentally friendly tire materials is still in its infancy, it is expected to increase significantly in the forecasted period.

Market Segmentation:

Segmentation 1: by Type of Material

  • Rubber
    • Natural
    • Recycled
  • Sustainable Carbon Black
  • Silica
  • Others


Segmentation 2: by Propulsion Type

  • Internal Combustion Engine Vehicles
  • Electric Vehicles


Segmentation 3: by Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles


Segmentation 4: by Tire Structure

  • Radial
  • Bias


Segmentation 5: by Sales Channel

  • OEMs
  • Aftermarket


Segmentation 6: by Region

  • Asia-Pacific and Japan: Japan, South Korea, India, and Rest-of-Asia-Pacific and Japan


How can this report add value to an organization?
Product/Innovation Strategy: In Asia-Pacific, the leading sustainable tire materials manufacturers are continuously working to develop new and innovative sustainable tire materials. The growing need for efficient, eco-friendly, and high-performing tires is one of the major factors for the growth of the sustainable tire materials market. The market is more on the consolidated side at present, where sustainable tire material manufacturers have been successful to a certain extent in strengthening their market position in the global market, with a few sustainable tire material manufacturers developing recovered carbon black, recycled rubber, and sustainable silica for sustainable tires. However, the competition in the market is expected to become intense as the demand for sustainable tire material increases from tire manufacturers to achieve sustainability targets. Moreover, partnerships and collaborations are expected to play a crucial role in strengthening market position over the coming years, with the companies focusing on bolstering their technological capabilities and gaining a dominant market share in the sustainable tire material industry.

Growth/Marketing Strategy: The sustainable tire materials market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships, agreements, and collaborations.

Competitive Strategy: The key players in the sustainable tire materials market analyzed and profiled in the study include multiple sustainable tire material manufacturers and tire manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the sustainable tire materials market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

  • LDC-KOREA CO., LTD.
  • GRP LTD.
  • SNR Reclamations Pvt. Ltd.
  • Bridgestone Corporation


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