Global Automotive Green Tire Market 2023-2029

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The green tires that are made with the help of silica/silane-system. Green tires offer lower rolling resistance and better wet grip than conventional tires, which contain only carbon black as a filler. To produce this green tire, a large part of the carbon black is replaced by a special silica, which reduces the rolling resistance of green tires by lowering the coefficient of friction on the road. This is an important detail considering that rolling resistance accounts for more than 30% of fuel consumption and is the cause of tire wear. In addition, since fumed silica is a white powder, it is easy to mix with other colors and has the opportunity to produce colored tires. The global automotive green tire market is projected to rise by USD 70.8 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 9.3 percent during the forecast period.

 

 

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This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the vehicle type, distribution channel, and region. The global market for automotive green tire can be segmented by vehicle type: commercial vehicle, passenger car. The passenger car segment held the largest revenue share in 2022. Automotive green tire market is further segmented by distribution channel: aftermarket, OEM. Among these, the OEM segment was accounted for the highest revenue generator in 2022.


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