Tire Rubber Alternative Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Tire Rubber Alternative Market: Snapshot
Serious imbalance between global tire consumption and waste in form of recycling or reuse is primarily fuelling the demand for environment friendly alternatives of tire rubber to the conventional tire rubber. It is this demand that is expected to drive the global tire rubber alternative market.
In addition, traditional tire rubber incineration procedure is not only costly but also ineffective. The environmentally unsustainable impact is thus quoted as a much larger challenge that the manufacturers of both tire rubber and tire come across.
The study for global tire rubber alternative market include dandelions as one of the main sources for tire rubber alternative. These flowers are all set to become a key element to the future of global tire rubber alternative. Most people consider dandelions as a menace. But some tire making companies such as Continental Tire, these dandelions are embraced and the flowering weed is as a key elementof the future of tire making.
Together with EKUSA, Julius Kuehn-Institute, and The Fraunhofer Institute for Molecular Biology and Applied Ecology, Continental Tire has tested and produced the very first tires where the tread is made totally out of dandelion natural rubber as a polymer. Continental Tire also has plans in place to start manufacturing of consumer road tires made totally from dandelion-derived rubber in another five to ten years.
Between 10 and 30 percent of all car tirescomprises natural rubber, while tires of trucks can contain proportionally higher amounts. Today, natural rubber is still fetched almost exclusively from the rubber tree, Heveabrasiliensis. The rubber tree can only be cultivated in locations that is referred to as the “rubber belt” and is located around the equator, which is just a fraction of the world’s total land surface.
Global requirement for natural rubber is set to increase in the next few years and but simultaneously, the changing world makes it quite a challenge to meet this rising demand. The global tire rubber alternative market is likely to gain impetus from the inability of natural rubber to meet the rising demand.
Severe imbalance between global tire waste and consumption in form of reuse or recycling is predominantly fueling the need for ecofriendly tire rubber alternatives to conventional tire rubber. In addition to the cost-intensive yet ineffective nature of traditional tire rubber incineration, the environmentally unsustainable impact is cited as a much bigger challenge facing manufacturers of both, tire and tire rubber.
Looking at the health and safety risks posed by massive volumes of tire waste stockpiles, it is more likely that automotive tire manufacturers will continue to focus on material innovations in sustainable tire rubber alternatives, pushing the growth of tire rubber alternative market.
Companies Prioritizing On-site R&D of Tire Rubber Alternatives
Prominent players in the rubber alternative market are identified to emphasize on-site R&D of environmentally sound tire rubber alternatives. Strategic research agreements are projected to further improve prospects of the emergence of innovative tire rubber alternatives in coming years.
Rubber Market Facing Challenges due to Hike in Price & Unsustainability
Although the primary natural rubber sources are not anticipated to diminish any time soon, rubber has become one of the prime traded commodities – eventually resulting in mounting prices over the recent past. With the precarious investment scenario developed around rubber market that has led to soaring prices of tires, it becomes imperative to invest prudently in discovering better, lesser harmful, ecofriendly tire rubber alternatives.
Over Hevea tree, the most sought after natural rubber source, Guayule – a desert shrub – has been considered to be the most productive tire rubber alternative. While Russian dandelion has also been a favored choice as a tire rubber alternative among manufacturers owing to its high latex rubber content, entire commercialization of tires that are made from tire rubber alternatives is still to be achieved.
Market Witnessing R&D of Tire Rubber Alternatives with Reduced Carbon Footprint
Amerityre Corporation recently stepped in the green products manufacturing segment, with automotive tires that are made from 100% non-toxic raw materials by the processes that support zero-emission objective. Unlike conventional tire rubber, Amerityre’s tire rubber alternatives are devoid of carbon black, benzene, and polyurethane foam tire products. With low ownership and maintenance costs, these tire rubber alternatives are claimed to be of superior quality and high energy efficient. The tire rubber alternatives by Amerityre are specifically invented to support conventional yet non-harmful tire disposal practices and recycling – with a much lower, sustainable carbon footprint.
Global Tire Rubber Alternative Market Taxonomy
The tire rubber alternative market is classified on the basis of the source of tire rubber alternative and the type of vehicle.
By Source –
Based on the Type of Vehicle -
The geographical analysis of global tire rubber alternative market categorized the tire rubber alternative landscape into five key regions.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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