The Polyurethane Tire Global Market Report 2023, provides comprehensive information on the polyurethane tire market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global polyurethane tire market size is expected to grow from $1.24 billion in 2022 to $1.35 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global polyurethane tire market size is expected to reach $1.89 billion in 2027 at a CAGR of 8.7%.
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Technological advancements have emerged as a key trend gaining popularity in the polyurethane tire market. Major companies operating in the polyurethane tire market are focused on developing new technological solutions to strengthen their position in the market. For instance, in September 2020, Trelleborg Wheel Systems, a Sweden-based manufacturer of engineered polymer solutions that dampen, seal, and protect critical applications in harsh environments, launched the PS1000 tire, a cutting-edge tire solution for material handling applications. This tire is a next-generation, superior-quality, press-on solid forklift tire that incorporates Pit Stop Line innovation, specialized compounds, and a new design to ensure operator uptime, efficiency, and safety while lowering the total cost of ownership and environmental impact. For maximum performance, comfort, and lifespan, the firm has combined its Pit Stop Line technology into a press-on solid tire. Operators and fleet managers may accurately predict when their tires need to be replaced when the highly visible orange band of the Pit Stop Line emerges on the tire, indicating that the tire has around 100 hours of life remaining.
The polyurethane tire market is segmented:
1) By ype: PPG Polyurethane, PTMEG Polyurethane
2) By Sales Channel: Original Equipment Manufacturer, Aftermarket
3) By Application: Forklifts, Overhead Conveyor Systems, Industrial Carts, Railroads, Industrial Washer Systems, Roll forming Machinery, Elevators, Hyperloops
Asia-Pacific was the largest region in the polyurethane tire market in 2022.
The table of contents in TBRC’s polyurethane tire market report includes:
1. Executive Summary
2. Polyurethane Tire Market Characteristics
3. Polyurethane Tire Market Trends And Strategies
4. Polyurethane Tire Market – Macro Economic Scenario
5. Polyurethane Tire Market Size And Growth
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26. Africa Polyurethane Tire Market
27. Polyurethane Tire Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyurethane Tire Market
29. Polyurethane Tire Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Trelleborg AB
- Amerityre Corporation
- Stellana AB
- Thombert Inc
- Uremet Corporation
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