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Tire/Tyre Grip-enhancing Resin by Type (Epoxy Resin, Vinyl Resin, Phenolic Resin, World Tire/Tyre Grip-enhancing Resin Production ), by Application (Passenger Car, Commercial Vehicle, World Tire/Tyre Grip-enhancing Resin Production ), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034
The global tire/tyre grip-enhancing resin market, valued at $1059.8 million in 2025, is poised for significant growth. Driven by the increasing demand for high-performance tires across passenger cars and commercial vehicles, coupled with stringent safety regulations globally, the market is expected to experience substantial expansion over the forecast period (2025-2033). The rising adoption of advanced tire technologies, such as run-flat tires and all-season tires, further fuels market growth. Key resin types driving this expansion include epoxy, vinyl, and phenolic resins, each offering unique properties to enhance tire grip and durability. Growth is also influenced by geographic factors; North America and Europe are currently leading markets, but Asia-Pacific, particularly China and India, show immense potential due to burgeoning automotive industries and rising disposable incomes. However, fluctuating raw material prices and environmental concerns related to resin production pose potential restraints. The competitive landscape is marked by a mix of established players and emerging regional manufacturers, leading to innovation in resin formulations and distribution strategies. The market is segmented by resin type (epoxy, vinyl, phenolic), application (passenger cars, commercial vehicles), and geography, offering various opportunities for targeted market entry and growth.
Tire/Tyre Grip-enhancing Resin Market Size (In Billion)
1.5B
1.0B
500.0M
0
1.060 B
2025
1.120 B
2026
1.185 B
2027
1.255 B
2028
1.330 B
2029
1.410 B
2030
1.495 B
2031
The market's future trajectory will be shaped by several factors. Technological advancements in resin formulations will likely lead to enhanced grip performance, improved fuel efficiency, and longer tire lifespan. Sustainability concerns will push manufacturers to adopt eco-friendly production methods and explore biodegradable resin alternatives. Government regulations promoting road safety will continue to fuel demand for high-performance tires, and consequently, grip-enhancing resins. Furthermore, the evolving global automotive landscape, including the rise of electric vehicles and autonomous driving technologies, will also impact the market's growth, creating both challenges and opportunities for resin manufacturers. Strategic collaborations, mergers and acquisitions, and investments in research and development are anticipated among key players to maintain a competitive edge.
Tire/Tyre Grip-enhancing Resin Company Market Share
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Tire/Tyre Grip-enhancing Resin Trends
The global tire/tyre grip-enhancing resin market exhibited robust growth during the historical period (2019-2024), driven primarily by the burgeoning automotive industry and increasing demand for improved tire performance. The market size, estimated at XXX million units in 2025, is projected to reach XXX million units by 2033, showcasing a significant Compound Annual Growth Rate (CAGR) throughout the forecast period (2025-2033). This growth is fueled by several factors, including stringent government regulations mandating enhanced tire safety and fuel efficiency, the rising adoption of advanced tire technologies, and the expanding global vehicle fleet, particularly in developing economies. The shift towards electric vehicles (EVs) also contributes positively, as these vehicles often require tires with superior grip and durability to manage their increased weight and torque. However, fluctuating raw material prices and concerns regarding the environmental impact of resin production present challenges to consistent market expansion. The market is segmented by resin type (epoxy, vinyl, phenolic), application (passenger cars, commercial vehicles), and geography, with regional variations in growth rates influenced by factors such as economic development, infrastructure investments, and automotive manufacturing hubs. Competitive landscape analysis reveals a mix of established multinational players and regional manufacturers, leading to a dynamic market with ongoing innovation in resin formulations and processing technologies. Overall, the market demonstrates a positive trajectory, though its growth trajectory will depend on careful management of supply chains, sustainability concerns, and continuous advancements in resin technology to meet evolving demands for improved tire performance.
Driving Forces: What's Propelling the Tire/Tyre Grip-enhancing Resin Market?
Several key factors are propelling the growth of the tire/tyre grip-enhancing resin market. The automotive industry's relentless pursuit of enhanced tire performance is a primary driver. Consumers increasingly demand tires that offer superior grip in various weather conditions, improved fuel efficiency, and extended lifespan. This demand pushes tire manufacturers to integrate advanced materials, including grip-enhancing resins, into their tire formulations. Government regulations aimed at improving road safety and reducing fuel consumption also contribute significantly. Many countries mandate minimum performance standards for tires, leading to increased adoption of high-performance resins. The expansion of the global vehicle fleet, especially in developing economies with burgeoning middle classes, further fuels demand for tires and, consequently, for the resins used in their production. The rise of electric vehicles adds another layer of complexity, requiring tires with enhanced durability and grip to cope with the unique characteristics of electric powertrains. Finally, ongoing research and development in resin technology lead to the creation of more efficient and effective grip-enhancing resins, further stimulating market growth. These advancements are focused on improving wet grip, reducing rolling resistance, and enhancing tire durability, thus driving adoption rates across the industry.
Challenges and Restraints in Tire/Tyre Grip-enhancing Resin Market
Despite the positive growth outlook, the tire/tyre grip-enhancing resin market faces several challenges. Fluctuating raw material prices represent a significant hurdle, impacting the profitability of resin manufacturers and potentially increasing the cost of tires for consumers. The volatility in the prices of key raw materials, such as petroleum-based components, makes it challenging for manufacturers to maintain stable pricing and profitability. Furthermore, environmental concerns related to the production and disposal of resins are gaining prominence. Stricter environmental regulations and increasing pressure from consumers to adopt more sustainable practices necessitate the development of eco-friendly resins, adding complexities to the production process and potentially increasing costs. The competitive landscape, characterized by both large multinational corporations and smaller regional players, creates a challenging environment. Intense competition can lead to price wars and pressure on profit margins. Finally, technological advancements in other tire materials and alternative grip enhancement methods pose a potential threat, requiring continuous innovation to maintain market share.
Key Region or Country & Segment to Dominate the Market
The Asia-Pacific region is expected to dominate the tire/tyre grip-enhancing resin market throughout the forecast period due to its substantial automotive manufacturing base and rapidly expanding vehicle fleet. China, in particular, plays a pivotal role, being the world's largest automotive producer and consumer.
Asia-Pacific: This region boasts a significant concentration of tire manufacturing facilities and a large consumer base, driving substantial demand. The rapid economic growth and increasing urbanization within this region contribute significantly to automotive sales and tire production.
North America: While possessing a mature automotive market, North America remains a key player. Stringent safety regulations and a focus on fuel-efficient vehicles drive the demand for advanced tire technologies and consequently grip-enhancing resins.
Europe: The European market is characterized by strong environmental regulations and a focus on sustainable practices. This leads to a growing demand for eco-friendly resins and innovations in tire technology.
In terms of segment dominance:
Passenger Car Application: This segment accounts for the largest share due to the sheer volume of passenger car production globally. The continuous growth in the personal vehicle ownership rate fuels the dominance of this segment.
Epoxy Resin Type: Epoxy resins often exhibit superior adhesion and performance characteristics, contributing to their wider adoption in high-performance tire applications. This leads to this segment’s leading position in the market.
The dominance of these regions and segments is further solidified by the presence of major tire manufacturers and resin producers within these areas. Ongoing investments in automotive manufacturing, infrastructure development, and technological advancements contribute to the sustained growth of these market segments.
Growth Catalysts in Tire/Tyre Grip-enhancing Resin Industry
The tire/tyre grip-enhancing resin industry's growth is propelled by the continuous drive for improved tire performance, stringent safety regulations, and the expanding global automotive sector. Advancements in resin technology, leading to enhanced grip, fuel efficiency, and durability, further accelerate market expansion. The increasing adoption of electric vehicles necessitates the development of specialized tires, fueling demand for resins tailored to meet the specific needs of this growing segment.
Leading Players in the Tire/Tyre Grip-enhancing Resin Market
Synthomer
Kraton Corporation
FedAvenue
Cheeshine
Qingdao Fihonor Chemical
Neville Chemical Company
SI Group
Kolon Industries
DRT
Jiangsu Rebo
Significant Developments in Tire/Tyre Grip-enhancing Resin Sector
2020: Synthomer announced a new range of sustainable grip-enhancing resins.
2021: Kraton partnered with a major tire manufacturer to develop a novel resin formulation for electric vehicle tires.
2022: Several companies invested in expanding their production capacity to meet growing market demand.
2023: New regulations in Europe spurred the development of more environmentally friendly resins.
This report provides a comprehensive analysis of the tire/tyre grip-enhancing resin market, covering historical data, current market trends, and future growth projections. It delves into the key driving forces, challenges, and opportunities impacting the market. Detailed segmentation by resin type, application, and region provides a granular view of the market dynamics. Profiles of leading players highlight their strategies and competitive landscape. The report is invaluable for industry stakeholders, investors, and researchers seeking to understand and capitalize on the growth potential of this dynamic sector.
Tire/Tyre Grip-enhancing Resin Segmentation
1. Type
1.1. Epoxy Resin
1.2. Vinyl Resin
1.3. Phenolic Resin
1.4. World Tire/Tyre Grip-enhancing Resin Production
2. Application
2.1. Passenger Car
2.2. Commercial Vehicle
2.3. World Tire/Tyre Grip-enhancing Resin Production
Tire/Tyre Grip-enhancing Resin Segmentation By Geography
Table 91: Rest of Asia Pacific Tire/Tyre Grip-enhancing Resin Revenue (million) Forecast, by Application 2020 & 2033
Table 92: Rest of Asia Pacific Tire/Tyre Grip-enhancing Resin Volume (K) Forecast, by Application 2020 & 2033
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders
Secondary Research
Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Tire/Tyre Grip-enhancing Resin?
The projected CAGR is approximately XX%.
2. Which companies are prominent players in the Tire/Tyre Grip-enhancing Resin?
Key companies in the market include Synthomer, Kraton, FedAvenue, Cheeshine, Qingdao Fihonor Chemical, Neville Chemical, SI Group, Kolon Industries, DRT, Jiangsu Rebo.
3. What are the main segments of the Tire/Tyre Grip-enhancing Resin?
The market segments include Type, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 1059.8 million as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
N/A
7. Are there any restraints impacting market growth?
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8. Can you provide examples of recent developments in the market?
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9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4480.00, USD 6720.00, and USD 8960.00 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in million and volume, measured in K.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Tire/Tyre Grip-enhancing Resin," which aids in identifying and referencing the specific market segment covered.
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Tire/Tyre Grip-enhancing Resin