{"id":543325,"date":"2021-05-14T17:04:02","date_gmt":"2021-05-14T17:04:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=543325"},"modified":"2021-05-14T17:04:02","modified_gmt":"2021-05-14T17:04:02","slug":"green-tires-market-size-growing-at-104-cagr-to-hit-usd-17807-billion-by-2027-says-reports-and-data","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/green-tires-market-size-growing-at-104-cagr-to-hit-usd-17807-billion-by-2027-says-reports-and-data_543325.html","title":{"rendered":"Green Tires Market Size Growing at 10.4% CAGR to Hit USD 178.07 Billion by 2027 Says Reports And Data"},"content":{"rendered":"
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Reports And Data<\/div>\n<\/div>\n<\/div>\n
Green Tires Market To Reach USD 178.07 Billion By 2027<\/div>\n

Growing popularity and demand for fuel-efficient tires are propelling market growth.<\/strong><\/p>\n

Green Tires Market Size – USD 80.48 billion in 2019, Market Growth – CAGR of 10.4%, Market Trends – increased focus on curbing environmental damage<\/p>\n

The Global Green Tires Market<\/a> size is estimated to reach USD 178.07 billion from USD 80.48 billion in 2019, delivering a CAGR of 10.4% through 2027. The market growth is driven by the growing awareness about environmental damage incurred by vehicular emissions and the cumulative amount of pollutants emitted by the automobile industry.<\/p>\n

Increasing focus on curbing negative impacts on the environment and human health is fuelling the adoption of green tires. The fuel-efficient tires are gaining major popularity. In addition, a significant rise in the price of diesel and gasoline is prompting a shifting interest of automakers to green tires. Moreover, beneficial properties of green tires such as improved mileage and lower emissions will boost product adoption over the coming years.<\/p>\n

The growth of autonomous vehicles and substitute powertrains (hybrid & electrical), coupled with the evolution of shared\/fleet vehicle use, is also leading to increased green tire deployment. The integration of these tires over the traditional ones can significantly reduce carbon dioxide emissions. For instance, an annual reduction of up to 45 million tons of CO2 emissions could be realized in the United States alone with the addition of precipitated silica to tire treads. Growing consumer awareness and interest in sustainability is likely to reinforce green tires market trends through 2027.<\/p>\n

Key players operating in the global green tires market are<\/strong>: Gunze, Saint-Gobain S.A., Toray Industries Inc, Nitto Denko Corporation, The Chemours Company, DowDuPont, Teijin Ltd., Toyobo Co, Ltd, TDK Corporation, 3M Corporation, Mitsubishi Chemical Holding, O-film Tech Co Ltd, and Oike & Co. Ltd., among others.<\/p>\n

Request sample copy of this report @ <\/strong>https:\/\/www.reportsanddata.com\/sample-enquiry-form\/1702<\/a><\/p>\n

Further key findings from the report suggest:<\/strong><\/p>\n