Tire Material companies

  • Report ID: 3537
  • Published Date: Feb 03, 2026
  • Report Format: PDF, PPT

Key Tire Material Market Players:

    Here is a list of key players operating in the global market:

    • Bridgestone Corporation (Japan)
    • Michelin Group (France)
    • Goodyear Tire & Rubber Company (U.S.)
    • Continental AG (Germany)
    • Sumitomo Rubber Industries, Ltd. (Japan)
    • Pirelli & C. S.p.A. (Italy)
    • Hankook Tire & Technology Co., Ltd. (South Korea)
    • Yokohama Rubber Company, Ltd. (Japan)
    • Toyo Tire Corporation (Japan)
    • Kumho Tire Co., Inc. (South Korea)
    • Apollo Tyres Ltd. (India)
    • MRF Limited (India)
    • CEAT Limited (India)
    • Giti Tire (Singapore)
    • Nokian Tyres plc (Finland)
    • Cooper Tire & Rubber Company (U.S.)
    • Balkrishna Industries Limited (India)
    • Sailun Group Co., Ltd. (China)
    • Dunlop Tyres (UK)
    • Rubber Research Institute of Malaysia (Malaysia)
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence

    The worldwide tire material market is highly competitive, dominated by established players from Asia, Europe, and North America. Companies such as Bridgestone, Michelin, and Goodyear leverage scale, research and development, and sustainability initiatives to maintain leadership. Strategic priorities include investment in bio-based polymers, recyclable fillers, and AI-driven manufacturing processes. Asian manufacturers, particularly in China, Japan, and India, are expanding aggressively through government-backed sustainability programs and partnerships with automotive OEMs. Besides, in January 2026, Solvay introduced its newest bio-circular silica infrastructure in Italy, readily facilitating Europe-based sustainability rules for tires and effectively supporting consumers’ sustainability objectives. This is possible while expanding Italy’s industrial leadership, which is positively impacting the tire material market’s growth globally.

    Corporate Landscape of the Tire Material Market:

    • Bridgestone Corporation is the world’s largest tire manufacturer and a major consumer of natural and synthetic rubber. The company invests heavily in sustainable tire materials, including bio-based polymers and advanced fillers, aligning with Japan’s green innovation policies.
    • Michelin Group is a pioneer in eco-friendly tire technologies, with strong research and development in recyclable materials and low-resistance compounds. Its commitment to the circular economy and partnerships under the Europe Green Deal position it as a leader in sustainable tire material innovation.
    • Goodyear Tire & Rubber Company emphasizes advanced synthetic rubber and silica-based compounds to enhance fuel efficiency and durability. The company collaborates with U.S. government sustainability programs, including EPA-backed initiatives, to reduce environmental impact in tire material production.
    • Continental AG is a key innovator in high-performance elastomers and reinforcing fillers, supported by Germany’s strong chemical industry infrastructure. The company’s focus on smart, sustainable tire materials aligns with Europe-driven regulatory frameworks and Germany’s automotive leadership.
    • Sumitomo Rubber Industries, Ltd. is expanding its portfolio of eco-friendly tire materials, including bio-based elastomers and advanced textile reinforcements. Its research and development initiatives are closely tied to Japan’s industrial innovation programs, strengthening its competitive position in the Asia Pacific market.

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of the tire material market was over USD 94.7 billion.

The market size for the tire material market is projected to reach USD 161.3 billion by the end of 2035 expanding at a CAGR of 6.1% during the forecast period i.e., between 2026-2035.

The major players in the market are Apollo Tyres Ltd., MRF Limited, CEAT Limited, Giti Tire, Nokian Tyres plc, and others.

In terms of the elastomers segment, the natural rubber is anticipated to garner the largest market share of 55.8% by 2035 and display lucrative growth opportunities during 2026-2035.

The market in the Asia Pacific is projected to hold the largest market share of 42.6% by the end of 2035 and provide more business opportunities in the future.
Inquiry Before Buying Request Free Sample PDF
footer-bottom-logos