Market Reports

Leading global tire manufacturers have a significant presence in the European market. Companies such as Michelin, Bridgestone, Continental, Goodyear, Pirelli, and Dunlop are well-established and have strong brand reputations. These manufacturers offer a wide range of tire options for various vehicle segments and have a robust distribution network across Europe.

The ethylene copolymers market is anticipated to have a steady CAGR of 4.2% during the period 2022-2032. The global Ethylene Copolymers Market size is predicted to grow from US$ 57.4 Bn in 2022 to US$ 86.6 Billion in 2032 according to Future Market Insights.

The U.S. in North America is expected to witness significant growth in the demand for bio-based elastomers. This is due to the fact the country hosts a number of conventional elastomer manufacturers such as Avient Corporation, Huntsman International LLC, The Lubrizol Corporation, Trinseo, and Dow that are now engaged in the development of bio-based elastomers.

Key manufacturers in the market offer a wide range of products to sustain the harsh competition in the market. Companies such as Sika AG, Wacker Wacker Chemie AG, The Dow Chemical Company, Guardian Glass, YKK Corportaion offer a wide range of silicon sealant and adhesive, glass, metal brackets and others.

The automotive silicone market is projected to reach USD 3.4 billion by 2028, at a CAGR of 7.3% from USD 2.4 billion in 2023. The growing automotive industry is a key catalyst for the expansion of the automotive silicone market according to ReportLinker. This demand surge is primarily propelled by factors like the growth of industries, increased investments in infrastructure projects, smart cities, and advancements in technology. Additionally, increasing global population, rising middle-class incomes, and changing consumer preferences for durable goods contribute to the growing demand for automotive silicone in automotive sector.

The European Tyre and Rubber Manufacturers’ Association (ETRMA) has reported Q2 2023 replacement tire figures , showing negative evolution in all segments, with demand stifled by global economic insecurity and rising costs, resulting from inflation.

The global industrial rubber market is estimated to be valued at US$ 36.3 billion in 2023 and is expected to grow at a CAGR of 5.5% during the forecast period of 2023-2033 according to Fact.MR.

The global low rolling resistance tire market share forecast with a CAGR of 11.3% across the forthcoming decade with value of 54 billion by the year 2033 according to Future Market Insights.