Tire Chemicals Market 2016 Share, Trend, Segmentation and Forecast Tire Chemicals Market - Global Industry Analysis,

Tire Chemicals Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2026
A tire can be made of various materials such as natural rubber, synthetic rubber,
synthetic textile, carbon black, fillers, stearic acid, zinc oxide, plasticizers,
accelerators, and antioxidants. Although the major components of tire are natural
rubber and synthetic rubber, various tire chemicals play an important role in tire
manufacture. The raw materials used for this manufacture depend upon the type of
tire and its intended usage. Tires can be classified into two basic types: on-road tires
and off-the-road tires. Apart from the tire type, the composition of tire also depends
upon the geographical conditions in which the tire is to be used mostly. Hence,
depending upon geographical conditions and the type of tire, chemicals used in tire
production vary. Tire chemicals used in formulations modify the properties such as
elasticity, traction, rolling resistance, and weight of the tire.
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chemicals-market.html
Highly common rubber chemicals used in the tire production are carbon black,
sulfur, silica, stearic acid, antioxidants, zinc oxide, fillers, and other plasticizers.
Amongst all available tire chemicals, carbon black is primarily used in the
manufacture of tires. However, owing to different environmental regulations and the
increasing demand for green tires, the market for carbon black is expected to be
hampered significantly during the forecast period. Specialty silica such as highly
dispersible silica has unique properties that reduce the rolling resistance of tires and
thereby, the fuel consumption of the automobile. Silica is partially replacing carbon
black in the tire manufacturing industry, due to its ability to reduce the rolling
resistance and weight of the tire. This trend is expected to continue during the
forecast period.
Demand for various tire chemicals is largely driven by the growing automotive
industry. The tire industry has witnessed various deviations and developments over
the last decade. Continuous demand from the automotive industry for specific
application tires has offered lucrative opportunities to manufacturers of tire
chemicals to innovate and develop chemicals that serve specific purposes. This
trend of innovations and development is expected to continue during the forecast
period. However, sluggish growth of the automotive industry is expected to hamper
the tire industry and the tire chemicals market during the forecast period.