Green Tires Market Insights, Status, Latest Amendments and Outlook 2020-2025

A detailed research study on the Green Tires Market was recently published by DataIntelo. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. The report puts together a concise analysis of the growth factors influencing the current business scenario across various regions. Significant information pertaining to the industry analysis size, share, application, and statistics are summed in the report in order to present an ensemble prediction. Additionally, this report encompasses an accurate competitive analysis of major market players and their strategies during the projection timeline.

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The Global Green Tires Market is valued to reach USD 102.34 Billion by 2022, and is set to grow at a CAGR of 10.4% from 2020-2026. Major factors include rising demand for fuel-efficient tires, rise in tire labeling standards, greater stress on improving vehicle efficiency, applications of green tires in tackling rising scarcity of natural petroleum reserves and pollution.

Tires result out of high-technology composites and it is a major challenge for producers to accomplish every objectives destined for a tire to fulfill. As the production technology progresses and with introduction of rubber grades and silica and silane technology, it is now possible to enhance resistive features and wet grip simultaneously within the concept called as ‘green tires’. Green tires are known to offering durability of rubber grade based on carbon black mainly suited for wet conditions and helps in fuel consumption. Silica particles act as fillers that ensure wear resistance within the tires, but show non-compliance to other kind of rubbers, hence silane is chemically added to the rubber grades and silica.

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