Tire and Rubber Lubricant Market

Tire and Rubber Lubricant Market Outlook (2024 to 2034)

The global tire and rubber lubricant market is analyzed to reach a value of US$ 1.87 billion in 2024, according to a new research report published by Fact.MR. Demand is projected to rise at a 7.4% CAGR to touch a value of US$ 3.83 billion by the end of 2034.

The growing production and demand of vehicles are contributing to the tire and rubber lubricant market growth. The requirement for efficient lubricants in tire manufacturing and maintenance is growing along with the number of vehicle owners. The ongoing advancements in tire design and manufacturing techniques are driving up the requirement for advanced lubricants that improve their performance, longevity, efficiency, and other features.

The creation of high-performance tires for specialized applications and electric vehicles (EVs) falls under this category. The growing popularity as well as demand for high-performance and specialty tires is driving the need for lubricants to function at their best. This trend is influenced by the rising demand for luxury and sports cars, as well as an emphasis on off-road and all-weather capability.

East Asia is estimated to hold 27.2% global market share in 2024 and is forecasted to rise at 9.5% CAGR over the next ten years. The well-established automotive sector as well as the tire and rubber industry are contributing to the increasing demand for lubricants. The need for tire and rubber lubricants is rising as they are necessary for these manufacturing operations.

Based on product type, the demand for synthetic tire and rubber lubricants is projected to reach US$ 1.11 billion in 2024 they are considered to perform better than traditional mineral-based lubricants. Modern, high-performance tires and rubber applications require increased temperature stability, wear resistance, and longevity all of which synthetic lubricants provide, particularly in harsh environments.

Report Attributes	Details
Tire and Rubber Lubricant Market Size (2024E)	US$ 1.87 Billion
Forecasted Market Value (2034F)	US$ 3.83 Billion
Global Market Growth Rate (2024 to 2034)	7.4% CAGR
North America Market Share (2024E)	28.9%
East Asia Market Value (2024E)	US$ 509.85 Million
South Asia & Pacific Market Growth Rate (2024 to 2034)	11.1% CAGR
Tire Segment Value (2034F)	US$ 1.61 Billion
Synthetic Segment Value (2034F)	US$ 2.27 Billion
Key Companies Profiled	Total S.A.; Nynas AB; WBF Pte Ltd.; Repsol S.A.; Behran Oil Company; Panama Petrochem Ltd.; Shell Global; Hindustan Petroleum Corporation Limited (HPCL); Indian Oil Corporation Limited; Unipetrol Group; Idemitsu Kosan Co., Ltd.; Apar Industries Ltd.; CPC Corporation; Gulf Petroleum Ltd.; Chevron Corporation; Sah Petroleums Ltd.

Tire and rubber lubricants are slippery fluids used to produce products, such as rubber bands, toys, and tires, and mount & demount tires on the rim of a wheel. Moreover, tire and rubber lubricants are used during the mixing of rubber compounds to improve the dispersion fillers and flow characteristics of the compounds during the manufacturing process of different rubber products as well as giant vehicle tires. These lubricants are also used as rubber or tire assembly lubricants as rubber materials are intrinsically difficult to remove, install, or otherwise manipulate even when wet.

The benefits of tire and rubber lubricants as rubber assembly lubricants include reduced installation force, closer fit, improved performance, reduced damage to parts, and reduced accidental conditions, among others. Furthermore, tire and rubber lubricants exhibit adequate miscibility and excellent plasticizing properties.

Attributing to these properties, tire and rubber lubricants reduce the viscosity of rubber compounds (making rubber processing easier or more efficient), enhance mechanical properties, improve the braking efficiency and fuel consumption of the automotive, and improve versatile range to adjust solvency. Tire and rubber lubricants also improve the low-temperature performance of tire and rubber products.

Moreover, tire and rubber lubricants are developed taking into consideration the type of rubber and end product application. Thus, they are categorized into different grades, including aromatic, paraffinic, and naphthenic.

Tire and Rubber Lubricants Market: Dynamics

The growth of the tire and rubber lubricants market is attributed to the growing consumption of tire and rubber lubricants in the manufacturing of vehicle tires. The growth of the automotive industry across the globe has contributed to the increasing demand for tires in the automotive sector.

On the other hand, tire and rubber lubricants are highly toxic and carcinogenic, due to the presence of high polynuclear aromatic compounds (PNAs) in these lubricants. This hampers the demand for tire and rubber lubricants during the forecast period.

Tire and Rubber Lubricants Market: Regional Outlook

Asia Pacific is estimated to account for a dominant share in the tire and rubber lubricants market, owing to the strong investments in China, Japan, and India for continuous innovations towards energy efficiency, eco-friendliness, and automation in the automotive industry.

The growth of the Asia Pacific tire and rubber lubricant market is due to the increase in the sales of automobiles in the region, which is expected to boost the consumption of tire and rubber lubricants in the region during the forecast period. Major automobile companies are outsourcing their parts from Asia Pacific on account of the low prices. Such factors are expected to drive the tire and rubber lubricants market over the forecast period.

The tire and rubber lubricants market in North America has been witnessing sustainable growth, owing to the demand for high-efficiency automobiles in the United States and Canada. Europe is estimated to account for considerable growth of the tire and rubber lubricants market, owing to an increase in the number of manufacturers and the growing sales of automotive parts in the region during the forecast period.

Tire and Rubber Lubricants Market: Market Participants

Some of the market participants involved in the tire and rubber lubricants industry are:

• Total S.A.
• Nynas AB
• WBF Pte Ltd.
• Repsol S.A.
• Behran Oil Company
• Panama Petrochem Ltd.
• Shell Global
• Hindustan Petroleum Corporation Limited (HPCL)
• Indian Oil Corporation Limited
• Unipetrol Group
• Idemitsu Kosan Co., Ltd.
• Apar Industries Ltd.
• CPC Corporation
• Gulf Petroleum Ltd.
• Chevron Corporation
• Sah Petroleums Ltd.

The research report presents a comprehensive assessment of the tire and rubber lubricants market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Tire and Rubber Lubricants market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.

The report covers an exhaustive analysis on

• Tire and Rubber Lubricants Market Segments
• Tire and Rubber Lubricants Market Dynamics
• Tire and Rubber Lubricants Market Size
• Tire and Rubber Lubricants Supply & Demand
• Tire and Rubber Lubricants Current Trends/Issues/Challenges
• Tire and Rubber Lubricants Competition & Companies involved
• Tire and Rubber Lubricants Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Tire and Rubber Lubricants market segments and geographies.

Report Highlights

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected Tire and Rubber Lubricants market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on Tire and Rubber Lubricants market performance
• Must-have information for Tire and Rubber Lubricants market players to sustain and enhance their market footprint

Segmentation of Tire and Rubber Lubricant Market Research

• By Product Type :

  • Natural
  • Synthetic

• By Grade :

  • Aromatic
  • Paraffinic
  • Naphthenic

• By Application :

  • Tires
  • Tubes
  • Seals
  • Pipes
  • Footwear
  • Wire & Cable Covering
  • Flooring Materials

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa