Global green tire industry forecast with a CAGR of 8.7 percent through 2031
According to the recent report published by Allied Market Research, the global green tire industry is anticipated to display a noteworthy CAGR of 8.7% from 2022 to 2031. Green tires, modified to integrate silica into their composition, are designed to reduce rolling resistance for an environment-friendly future sustained long-term while enhancing energy efficiency and safety. The addition of silica to tire materials improves performance, reduces greenhouse gas emissions, and promotes sustainable mobility. This contrasts with traditional tire materials such as styrene-butadiene rubbers, semi-aromatic polyamides, and polycyclic aromatic hydrocarbons. The increase in accessibility of automotive sector toward green tires drives the growth of the global green tire industry, supported by strict government regulations and rising consumer awareness of environmental impacts.
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