SUSTAINABLE MATERIALS IN TIRE INDUSTRY: A COMPARATIVE STUDY OF EUROPE AND ASIAN MARKETS

Authors

  • Albin Antony
  • Anna Provodnikova
  • S Kumar
  • Balachandan B

Abstract

The current research focuses on collecting and reviewing research papers from reliable data bases like Science Direct, Research Gate, Google Scholar, WBCSD, TIP and Sustainability reports of tire manufacturing majors worldwide. Tire and automobile industry is an integral part of today’s mobility. Tire industry made a good compound annual growth rate (CAGR) during 2015-2020 and the current CAGR prediction for the period 2021-2016 is 4%. World Tire production volume in 2020 was 3.38 billion units, the forecast during 2021-2026 is to reach about 4.11 billion units per year. Asia-pacific region is the biggest automotive tire supplier with a volume share of around 59% and Europe is the second largest automotive tire manufacturer with a volume share of around 17%. Asia-Pacific, Europe and North America are the biggest consumers of automotive tires. This study will help to track and overcome if there are gaps in the sustainable move.

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Published

2021-12-16

How to Cite

Antony, A. ., Provodnikova, A., Kumar, S., & B, B. (2021). SUSTAINABLE MATERIALS IN TIRE INDUSTRY: A COMPARATIVE STUDY OF EUROPE AND ASIAN MARKETS. Global Journal of Business and Integral Security. Retrieved from https://gbis.ch/index.php/gbis/article/view/33

Issue

2021: International Conference on Business and Integral Security (IBIS) 2021

Section

International Conference on Business and Integral Security