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3. Evonik Industries AG (Germany) and Solvay (Belgium) are Leading Players in the Sustainable Tire Market

The sustainable tire market is projected to reach USD 0.39 billion by 2029, at a CAGR of 27.3% from USD 0.12 billion in 2024. The growth of the sustainable tire market is driven by several key factors. The sustainable tire market reflects a coalition of environmental, regulatory and consumer factors. The increasing awareness of climate change in the global arena has led to a significant growing demand for eco-friendly products including sustainable tires. Stricter government inspection has been imposed worldwide regarding vehicle emissions thus, forcing tire manufacturers to embrace greener practices by requiring sustainable materials in automobile production. Moreover, their shift towards electric vehicles (EV) contributes to this demand since EVs have possession of roads with lower rolling resistance so that they can travel longer distances per unit of energy consumed. Apart from that-furthermore-the evolution of material science enables the production of high-performance tires that fulfill both ecological requirements together with safeness principles.

The key players in this market are Evonik Industries AG (Germany), Solvay (Belgium), Cabot Corporation (US), Birla Carbon (India), Orion (Luxembourg), GRP LTD (India), GENAN HOLDING A/S (Denmark), Lehigh Technologies, Inc., (US), PPG Industries, Inc. (US), Jiangxi black cat carbon black Co., Ltd (China). These companies are strong in their home regions, and many explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions and partnerships.

To know about the assumptions considered for the study download the pdf brochure

EVONIK INDUSTRIES AG

Evonik Industries AG, headquartered in Essen, Germany, is a global leader in specialty chemicals. The company operates across five key segments: Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure. The Specialty Additives segment focuses on advanced additives and versatile crosslinkers.

Nutrition & Care offers products that enhance human well-being and quality of life. Smart Materials includes innovative materials that promote resource efficiency and replace traditional materials. Performance Materials unites businesses with a focus on resource-saving production, new applications, and specialty products. The Technology & Infrastructure segment provides essential services across the lifecycle of chemical production plants.

With more than 33,000 employees globally , Evonik Industries AG has a strong global presence, operating in more than 100 countries and maintaining production facilities in 27 countries across six continents. The company is active in key regions, including Europe, Asia-Pacific, North and South America, and the Middle East and Africa.

SOLVAY

Solvay manufactures and distributes chemical products through three main segments: Basic Chemicals, Performance Chemicals, and Corporate. The Basic Chemicals segment focuses on global chemical intermediates for mature and resilient markets, including products like Soda Ash and Peroxides.

The Performance Chemicals segment offers a broad range of products, such as Silica, Coatings, and Specialty Chemicals, tailored to specific formulations and applications.

The company caters to a diverse range of end-user industries, including Consumer Goods, Home & Health Care, Automotive, Industrial Applications, Chemical Industry, Agro, Feed & Food, Building & Construction, Electronics, as well as Resources, Environment & Energy.

With over 9,000 employees and 45 production sites worldwide, Solvay maintains a strong global presence across more than 41 countries in regions including North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

CABOT CORPORATION

Cabot Corporation, founded in 1882 and headquartered in Boston, Massachusetts, is a leading global provider of specialty chemicals and performance materials. With approximately 4,500 employees worldwide, Cabot operates through three main business segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions. However the purification solution segment have been divested in April 2022. The Reinforcement Materials segment, which includes the production of carbon black, plays a critical role in enhancing the durability and performance of tires and other rubber products. The Performance Chemicals segment focuses on producing specialty carbons, fumed metal oxides, and inkjet colorants, serving industries such as electronics, adhesives, and coatings. Cabot's global footprint spans North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with key facilities in the United States, Germany, China, Brazil, and South Africa, among other countries.

The company's strategic locations enable it to serve a diverse customer base across various regions, providing innovative solutions that meet the needs of industries ranging from automotive to healthcare. Cabot's commitment to sustainability and innovation has solidified its position as a crucial supplier in the specialty chemicals sector, particularly in the production of carbon black through the Reinforcement Materials segment. This global reach, combined with its comprehensive product offerings and dedication to advancing material performance, underscores Cabot's significant impact on the industries it serves. As the company continues to grow and expand its influence, its broad geographical presence and strategic operations in key markets ensure its ongoing leadership in the field of specialty chemicals and performance materials.

BIRLA CARBON

Birla Carbon, a leading global supplier of carbon black and a flagship business of the Aditya Birla Group, offers innovative and sustainable carbon black solutions that enhance the performance of various products including paints and coatings, inks and toners, plastics, adhesives, sealants, textile fibers, mechanical rubber goods, tires, energy systems, and Sustainable Carbonaceous Materials (SCM). Established in 1978, Birla Carbon is a prominent manufacturer of carbon black, in Thailand, it is boasting a production capacity of 275,000 tonnes per annum, with the capability to produce customized grades to meet specific requirements. The company has a significant global presence, operating in 12 countries with 16 manufacturing facilities and two advanced technology centers located in Marietta, USA, and Taloja, India. These centers drive industry-leading innovation. Birla Carbon's Sustainable Operational Excellence (SOE) strategy emphasizes employee safety, environmental stewardship, efficient carbon black utilization, and a commitment to socially and ethically responsible operations. In recognition of its sustainable practices, Birla Carbon was awarded a ‘platinum’ rating by EcoVadis in 2022.

ORION

Orion specializes in the production and supply of high-quality carbon black, operating through two main segments: Specialty Carbon Black and Rubber Carbon Black. Headquartered in Senningerberg, Luxembourg, the company is recognized as a global leader in its field, delivering innovative carbon black solutions that enhance the performance of various applications.

In the Rubber Carbon Black segment, Orion's products are primarily used to reinforce rubber in tires, making them an essential component in the automotive industry. In the Specialty Carbon Black segment, Orion offers products that are utilized for protection, colorization, and conductivity in a diverse range of applications, including coatings, polymers, batteries, and printing inks. These specialty carbon blacks are key to enhancing the aesthetic and functional properties of products in industries such as automotive, electronics, and packaging.

Orion holds ISCC (International Sustainability and Carbon Certification) certification, underscoring its commitment to sustainability and responsible production practices. The company operates four certified carbon black production sites, positioning it as a leader in the sustainable carbon black market. With a workforce of over 1,600 employees and a presence in more than 80 countries, Orion continues to expand its global reach, providing innovative solutions that meet the evolving needs of industries worldwide.

Related Reports:

Sustainable Tire Market by Material Type (Rubber, Sustainable Carbon Black, Silica), Propulsion Type (Internal Combustion Engine, Electric Vehicles), Structure (Radial, Bias), Vehicle (Passenger, Commercial), & Region - Global Forecast to 2029

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