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    Tire Reinforcement Materials Market Size, Share, & Forecast | 2020-25

    Tire Reinforcement Materials Market Size, Share, & Forecast | 2020-25
    Report code - SRAM238 Delivery - 2 Weeks

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    Tire Reinforcement Materials 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.

    Tire Reinforcement Market - Snapshot

    Growth

    5.2% for the next five years

    Region with the highest demand

    Asia-Pacific

    Key Players

    Hyosung Corporation, Michelin, Bekaert, Toray Industries Inc,., and Kolon Industries Inc.

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    Tire Reinforcement Materials Market Share: 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.

    Tire Reinforcement Materials Market Share: By Region

    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.

    Some of the tire reinforcement material manufacturers are Hyosung Corporation, Michelin, Bekaert, Toray Industries Inc., and Kolon Industries Inc.

     

    Market Scope & Segmentation

    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.

    Tire Reinforcement Materials Market Research Report – Features

    Market Segmentation

    3 ways

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    5

     

    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)

     

    Research Methodology

    This report offers high-quality insights and is 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter 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

     

    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 [email protected]


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