The Global Tire Rubber Resin Market was valued at USD 3.8 Billion in 2025 and is projected to reach USD 5.2 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period (2024–2034). This growth is fueled by rising global vehicle production, increasing demand for high-performance and fuel-efficient tires, and stringent regulations regarding tire safety and labeling. The U.S. market size is estimated at USD 850 million in 2025, while China is expected to reach USD 1.4 billion, highlighting Asia’s dominant role in both manufacturing and consumption.

As the automotive industry advances toward smarter, safer, and more sustainable mobility, the critical role of chemical additives like tire rubber resin becomes increasingly apparent. These resins are vital for enhancing tire adhesion, durability, and rolling resistance. In this blog, we profile the Top 10 Companies in the Tire Rubber Resin Industry—a diverse group of global chemical giants and specialized manufacturers driving innovation in tire technology.

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🔟 1. Hexion Inc.

Headquarters: Columbus, Ohio, USA
Key Offering: Phenolic Resins, Alkyl Phenolic Resins, Tackifying Resins

Hexion is a premier global leader in thermoset resins, offering a comprehensive portfolio of rubber reinforcing and tackifying resins essential for tire manufacturing. Their products improve the bonding of rubber to cord and enhance the green strength of uncured tire components, which is critical for modern automated tire building processes.

Innovation & Sustainability Initiatives:

• Development of bio-based and sustainable resin alternatives

• Focus on products that reduce tire rolling resistance for better fuel economy

• Global R&D centers dedicated to next-generation rubber-to-substrate adhesion technologies

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9️⃣ 2. SI Group

Headquarters: Schenectady, New York, USA
Key Offering: RESORCILL™ Resins, Phenolic Resins, Tackifiers

SI Group is a leading developer and manufacturer of performance-enhancing resins, with a strong focus on the tire industry. Their RESORCILL resins are industry-standard for improving adhesion between rubber and reinforcing materials like steel and textile cords, which is fundamental to tire integrity and longevity.

Innovation & Sustainability Initiatives:

• Investment in resin technologies that support the production of longer-lasting, more durable tires

• Commitment to Responsible Care® and sustainable manufacturing practices

Download FREE Sample Report: Tire Rubber Resin Market – View in Detailed Research Report

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8️⃣ 3. Sumitomo Bakelite Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Phenolic Resins, High-Performance Tackifiers

Sumitomo Bakelite is a major Japanese chemical company with a significant presence in the tire resin market. Their high-quality phenolic resins are used by leading tire manufacturers worldwide to achieve superior rubber reinforcement and thermal stability, which are essential for high-speed and heavy-duty tire applications.

Innovation & Sustainability Initiatives:

• Advanced R&D in heat-resistant resins for electric vehicle (EV) tires

• Focus on circular economy principles and reducing the environmental footprint of resin production

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7️⃣ 4. Kolon Industries, Inc.

Headquarters: Seoul, South Korea
Key Offering: HSR (High Styrene Resin), C9 Hydrocarbon Resins

Kolon Industries is a key player in the Asian tire resin market, supplying a wide range of synthetic resins that improve the processing and performance characteristics of tire compounds. Their HSR resins are particularly important for enhancing the rigidity and wear resistance of tire treads.

Innovation & Sustainability Initiatives:

• Development of resins that contribute to lower VOC (Volatile Organic Compound) emissions during tire production

• Strategic partnerships with global tire makers to develop customized resin solutions

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6️⃣ 5. Jinan Shengquan Group Share Co., Ltd.

Headquarters: Jinan, Shandong, China
Key Offering: Phenolic Resins, Lignin-based Resins

Jinan Shengquan is one of China’s largest producers of phenolic resins and a pioneer in developing lignin-based rubber resins. Their innovative use of lignin, a renewable resource from the paper industry, offers a more sustainable alternative to traditional petroleum-based resins for tire manufacturing.

Innovation & Sustainability Initiatives:

• World-leading technology in biomass-derived lignin resins

• Significant investment in green chemistry and bio-refining processes

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5️⃣ 6. Çukurova Kimya

Headquarters: Istanbul, Turkey
Key Offering: C5 Aliphatic Resins, C9 Aromatic Resins, C5/C9 Hydrocarbon Resins

Çukurova Kimya is a prominent Turkish chemical company specializing in hydrocarbon resins derived from petroleum streams. Their resins serve as effective tackifiers and reinforcing agents in tire compounds, particularly for off-road and specialty tires that require robust performance under extreme conditions.

Innovation & Sustainability Initiatives:

• Expansion of production capacity to meet growing European and Middle Eastern demand

• Focus on developing resins with improved compatibility with synthetic rubbers like SBR and BR

Download FREE Sample Report: Tire Rubber Resin Market – View in Detailed Research Report

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4️⃣ 7. Bridgestone Group

Headquarters: Tokyo, Japan
Key Offering: In-house specialty resins for tire compounding

While primarily known as one of the world’s largest tire manufacturers, Bridgestone also develops proprietary chemical formulations, including specialized resins, for its tire production. This vertical integration allows Bridgestone to tailor resin properties precisely to achieve specific performance targets for wear, fuel efficiency, and wet grip.

Innovation & Sustainability Initiatives:

• Proprietary resin technologies aimed at achieving ambitious sustainability goals, including the use of recycled and renewable materials

• R&D focused on resins for Air Free Tires and other next-generation mobility solutions

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3️⃣ 8. Neville Chemical Company

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: CUMAR® Coumarone-Indene Resins, Aromatic Hydrocarbon Resins

Neville Chemical has a long history of producing hydrocarbon resins, with its CUMAR resins being a well-established product line in the rubber industry. These resins are valued for their excellent tackifying properties and compatibility with natural and synthetic rubbers, improving the processability and performance of tire compounds.

Innovation & Sustainability Initiatives:

• Continuous process improvement for higher purity and consistent resin quality

• Development of specialized resin grades for niche tire applications

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2️⃣ 9. Hangmo New Materials Group Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: Petroleum Resins, Terpene Resins, Phenolic Resins

Hangmo New Materials is a rapidly growing Chinese manufacturer of various synthetic resins used in adhesives, coatings, and rubber products, including tires. The company’s cost-competitive and versatile resin portfolio makes it a significant supplier, especially within the Asia-Pacific region’s expansive tire manufacturing sector.

Innovation & Sustainability Initiatives:

• Expansion of production capabilities to capture greater market share

• Investment in R&D for high-value-added resin products

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1️⃣ 10. Foreverest Resources Ltd.

Headquarters: Xiamen, Fujian, China
Key Offering: Terpene Phenolic Resins, C5 Resins, Rosin Esters

Foreverest Resources specializes in terpene-based and rosin-derived resins, which offer excellent tack and are often used in specialty tire applications. Their natural product-based resins provide an alternative to purely synthetic options and are valued for their specific performance characteristics.

Innovation & Sustainability Initiatives:

• Focus on leveraging renewable raw materials from the pine chemical industry

• Development of eco-friendly resin solutions for the global market

Get Full Report Here: Tire Rubber Resin Market – View in Detailed Research Report

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🌍 Outlook: The Future of Tire Rubber Resin Is High-Performance and Sustainable

The tire rubber resin market is evolving in lockstep with the automotive industry’s shift toward electrification, autonomy, and sustainability. While reinforcing and curing resins remain the backbone of tire compounding, the focus is intensifying on materials that contribute to lower rolling resistance, improved durability, and a reduced environmental impact.

📈 Key Trends Shaping the Market:

• Growing demand for bio-based and renewable resins to meet tire industry sustainability targets

• Increased R&D in resins that enable the production of smart tires with integrated sensors

• Stringent global tire labeling regulations (EU, Asia) driving innovation in resin formulations for better fuel efficiency and wet grip

• Expansion of production capacity in Asia, particularly China and India, to serve local and global tire makers

Get Full Report Here: Tire Rubber Resin Market – View in Detailed Research Report

The companies listed above are not only supplying essential chemicals—they are enabling the next generation of tire technology, helping to make vehicles safer, more efficient, and more environmentally friendly.