Demand for Automotive Tires Continues Despite Supply Chain Challenges
For nearly two years, the automotive supply chain has been struggling with pandemic-related shortages of parts and chips. However, demand continues to grow - the global automotive tires market is expected to grow from USD 126K million in 2020 to USD 172K million by 2026, at a CAGR of 5.2%.
Tires are typically made from rubber polymer. The physical and chemical properties of these rubber polymers determine the performance of each component and the overall performance of the tire. The inner lining is made from another rubber material, which is the barrier that keeps the tire inflated.
The gas barrier property plays a key role in the performance and usable life of a rubber tire. The Oxygen Transmission Rate (OTR) test is one of the most important methods to assess rubber's barrier properties. The lower the OTR, the better the oxygen barrier, which helps ensure a longer product life. Rubber products are usually tested for OTR in the form of flat sheets, and OTR data is usually reported in the units of cc/(m2*day).