February 8, 2025

PORTLAND, ORAGON, UNITED STATES, September 14, 2022 /EINPresswire.com/ — Green tires are made from renewable materials such as nylon rubber through a process that does not require excessive amounts of energy. Conventional tires are made from rubber, but with increasing energy concerns, tires are now also made from renewable raw materials such as plasticizers and resins. Currently, these environmentally friendly raw materials are being adopted in conventional products due to benefits such as being lighter than conventional products, resulting in a reduction in the overall weight of the vehicle. In addition, it requires less fuel and helps lower rolling resistance. The global green tire market is expected to witness a lucrative growth rate during the forecast period. This is mainly due to other advantages such as long life, replaceable tires, etc.

Green Tire Market by Type (On-Road Tires, and Off-Road Tire), By Application (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle) – Global Opportunity Analysis and Industry Forecast 2022 -2029

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The main factors driving the market growth are rising energy costs, stringent government regulations, and increased environmental awareness regarding fuel consumption among consumers. However, replacing renewable raw materials with conventional products can cause a negative impact on braking performance. Lack of awareness about green tires is further restraining the growth of the market. Regardless of these challenges, with increasing urbanization and globalization, environmental awareness and increasing fuel consumption will further boost the market growth in the future.

Market segmentation is based on type and application. By type, it is divided into on-road tires and off-road tires. By application, it is classified into passenger cars, light commercial cars, and heavy commercial cars.

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Key Benefits –

This report provides an extensive analysis of the current and emerging market trends and dynamics of the green tire market.
In-depth analysis is done by building market estimates for key market segments between 2017 and 2023.
The report provides a quantitative analysis of current trends and future estimates from 2017 to 2023, which will help identify the prevailing market opportunities.
Competitive industry intelligence helps to understand the competitive scenario across geographies.

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Green Tire Market Report Highlights –

By Region –
North America (US, Canada, Mexico) Europe (UK, Germany, France, Russia, Rest of Europe) Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific) LAMEA (Latin America, Middle East, Africa, Legacy of LAMEA)

Key players in the market –
PPG Industries Inc., Pirelli Tire SpA, Bridgestone, Green Arc Tire Manufacturing, Goodyear Tire & Rubber, Michelin North America, Continental, Maxxis, Hankook, Kumho

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