Prospect of Tire Chemicals Market Promising
A foreign market researcher released a report, saying that market demands for durable tires with better fuel efficiency and wet-skid resistance are growing continuously.
It is expected to boost the world’s tire chemicals market in the coming 10 years.
As high-performance tire market expands, the market size of tire chemicals is expected to surpass 42.58 million tons by 2025.
Currently, natural rubber and synthetic rubber take up the largest share in global tire chemicals market.
Statistics show that in 2015, global tire demand was 2.08 billion.
As autos and demands to change tires keep growing in the Asia-Pacific region, it continues to dominate the global tire chemicals market and takes a leading role.
Over the past few years, global auto sales and tire changes rose steadily and the figures will increase further.
The chemicals mentioned in the report include natural rubber, synthetic rubber, catalysts, fillers, carbon black and zinc oxide, etc.
The report focuses on the development of tire chemicals market in 2011-2025 and predicts its outlook.
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