Tire Materials Market Exhibits Strong Growth Trajectory Toward 2035
The global tire materials market is poised for steady growth, with projections indicating a compound annual growth rate (CAGR) of 4.0% between 2025 and 2035. This upward trajectory is expected to drive the market value to USD 128.20 billion by 2035, fueled by increasing vehicle production, rising demand for durable and high-performance tires, and advancements in material technologies aimed at enhancing fuel efficiency and sustainability.
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The global tire materials market grew to USD 78.96 billion in 2022 and is projected to reach USD 128.20 billion by 2035 at a 4.0% CAGR.