Tire Reinforcement Materials Market Report

Market Insights

Tire reinforcement materials market is likely to witness an impressive CAGR of 5.2% during the forecast period. The growth in automotive sector and enhanced properties of reinforced tires drive the tire reinforced materials market globally.

Segment Analysis

Tire Reinforcement Materials Market by Type

Based on the type, the market has been segmented as tire cord fabric and tire bead wire. Tire cord fabric renders load bearing capacity, shape, and abrasion tolerance to tires. These fabrics are thermal resistant and are capable of strongly bonding with rubber.

Regional Insights

In terms of regions, Asia-Pacific is expected to remain the largest market for tire reinforcement materials in the coming five years. China and India are the growth engines of the region. The market is driven by the increasing demand for automobiles and rising disposable income. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Market Scope & Segmentation

The tire reinforcement materials market is segmented into the following categories.

Tire Reinforcement Materials Market Size, Share, & Forecast, by Type:

• Tire Cord Fabric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Tire Bead Wire (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Tire Reinforcement Materials Market Size, Share, & Forecast, by Material Type:

• Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rayon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Nylon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Tire Reinforcement Materials Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the tire reinforcement material manufacturers are-

• Hyosung Corporation
• Michelin
• Bekaert
• Toray Industries Inc.
• Kolon Industries Inc.

Report Features

Tire Reinforcement Materials can be referred to cords that are used in the tires and belts or bead wires and do have a number of properties such as good strength, dimensional stability, good resistance to fatigue, flexibility, and good resistance to thermal and chemical changes.

Tire Reinforcement Materials are available in two types and these are Tire Cord fabric and Tire Bead Wire. There are a number of material types that are in use among which the most commonly used ones are polyester, nylon, steel, and rayon.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by material type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.