Tire Chemicals Market 2016 Share, Trend, Segmentation and Forecast Tire Chemicals Market - Global Industry Analysis, | Page 2

In terms of geography, the global tire chemicals market has been segmented into
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia
Pacific is expected to dominate the global tire chemicals market during the forecast
period, owing to excessive demand from the region. North America and Europe are
likely to follow Asia Pacific. However, the market in these regions is likely to expand
at a slow pace during the forecast period, due to sluggish growth of the end-user
industries. The tire chemicals market in Latin America is projected to witness
significant growth during the forecast period, due to the growth of automotive and
tire industries in the region. The market in Middle East & Africa is estimated to
expand at a moderate rate during the forecast period.
The global tire chemicals market is considerably fragmented; however, a few
manufacturers dominate the market. Some of the key players operating in the
global tire chemicals market include Eastman Chemical Company, Cabot
Corporation, Wacker Chemie AG, Dow Corning Corporation, and Momentive
Materials.
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