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Tire Reinforcement Materials Market by Material (Aramid, Nylon, Polyester), Tire Type (Bias, Radial), Type, Application - Global Forecast 2023-2030

Publisher 360iResearch
Published Oct 05, 2023
Length 189 Pages
SKU # IRE18312960

Description

Tire Reinforcement Materials Market by Material (Aramid, Nylon, Polyester), Tire Type (Bias, Radial), Type, Application - Global Forecast 2023-2030


The Tire Reinforcement Materials Market is projected to reach USD 20.26 billion by 2030 from USD 13.50 billion in 2022, at a CAGR of 5.20% during the forecast period.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Tire Reinforcement Materials Market.
  • Based on Material, market is studied across Aramid, Nylon, Polyester, Rayon, and Steel. The Nylon commanded largest market share of 32.39% in 2022, followed by Polyester.
  • Based on Tire Type, market is studied across Bias and Radial. The Radial commanded largest market share of 67.74% in 2022, followed by Bias.
  • Based on Type, market is studied across Tire Bead Wire and Tire Cord Fabric. The Tire Cord Fabric commanded largest market share of 61.34% in 2022, followed by Tire Bead Wire.
  • Based on Application, market is studied across Belt Ply, Cap Ply, and Carcasses. The Carcasses commanded largest market share of 41.36% in 2022, followed by Belt Ply.
  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.92% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Tire Reinforcement Materials Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Tire Reinforcement Materials Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Tire Reinforcement Materials Market, highlighting leading vendors and their innovative profiles. These include Aarti Steels Ltd., Bansal Wire Industries Ltd., Bridgestone Corporation, Century Enka Ltd., Coats Group PLC, Colmant Coated Fabrics, Cordenka GmbH & Co. KG, DuPont de Nemours, Inc, Formosa Taffeta Co., Ltd., Hanoi Industrial Textile JSC, Henan Hengxing Science & Technology Co., Ltd., Hyosung Advanced Materials, Indorama Ventures Public Company Limited, Jiangsu Taiji Industry New Materials Co., Ltd., Kolon Industries, Inc., Kordsa Technical Textile Co. Inc., Milliken & Company, NV Bekaert SA, Passaic Rubber Company, Rajratan Global Wire Limited, Saarstahl AG, Shakti Cords Pvt. Ltd., Shanghai Metal Corporation, SRF Limited, Suzhou kingdom textile technology Co., Ltd., Teijin Limited, TOKYO ROPE MFG. CO., LTD., Toray Industries, Inc., Toyobo Co., Ltd., and Zhejiang Hailide New Material Co., Ltd..

The report offers valuable insights on the following aspects:
  1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
  1. What is the market size and forecast for the Tire Reinforcement Materials Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Tire Reinforcement Materials Market?
  3. What is the competitive strategic window for identifying opportunities in the Tire Reinforcement Materials Market?
  4. What are the latest technology trends and regulatory frameworks in the Tire Reinforcement Materials Market?
  5. What is the market share of the leading vendors in the Tire Reinforcement Materials Market?
  6. Which modes and strategic moves are suitable for entering the Tire Reinforcement Materials Market?


Please Note: PDF & Excel + Online Access - 1 Year

Table of Contents

189 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Tire Reinforcement Materials Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing production & sales of automotive vehicles
5.1.1.2. Escalating demand for run-flat and ultra-high-speed tires
5.1.2. Restraints
5.1.2.1. Fluctuating prices of tire reinforcement materials
5.1.3. Opportunities
5.1.3.1. Government regulations to expand the usage of fuel-efficient tires
5.1.3.2. Expanding research & development activities to introduce high-performance and improved-strength tires
5.1.4. Challenges
5.1.4.1. Environmental concerns associated with the production of tires
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.3.1. Rising focus on sustainable development goals and expansion of tire manufacturing facilities in the Americas
5.3.2. Surging automobile demand and prospective tire manufacturing capacity enhance market scope in the APAC region.
5.3.3. Expanding manufacturing of automotive tires with the presence of regulations & guidelines in EMEA
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Tire Reinforcement Materials Market, by Material
6.1. Introduction
6.2. Aramid
6.3. Nylon
6.4. Polyester
6.5. Rayon
6.6. Steel
7. Tire Reinforcement Materials Market, by Tire Type
7.1. Introduction
7.2. Bias
7.3. Radial
8. Tire Reinforcement Materials Market, by Type
8.1. Introduction
8.2. Tire Bead Wire
8.3. Tire Cord Fabric
9. Tire Reinforcement Materials Market, by Application
9.1. Introduction
9.2. Belt Ply
9.3. Cap Ply
9.4. Carcasses
10. Americas Tire Reinforcement Materials Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Tire Reinforcement Materials Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Tire Reinforcement Materials Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Merger & Acquisition
13.3.1.1. Kordsa Completed Majority Shares Acquisition of Microtex Composites
13.3.2. Agreement, Collaboration, & Partnership
13.3.2.1. JK Tyre partnered with International Finance Corporation to expand tire manufacturing operations
13.3.2.2. Bolder Industries and Liberty Tire Formalized Partnership to Advance Circularity in the U.S. Market
13.3.2.3. Bridgestone Partnered with LanzaTech to Pursue End-of-Life Tire Recycling Technologies
13.3.3. New Product Launch & Enhancement
13.3.3.1. Cabot Corporation Launched Evolve Sustainable Solutions Technology Platform Focused On Advancing Sustainable Reinforcing Carbons
13.3.3.2. Cabot Corporation Launched New Engineered Elastomer Composite (E2C) Product to Expand Capabilities in On-road Commercial Tire and Industrial Rubber Applications
13.3.3.3. Goodyear Unveils 90% Sustainable-Material Demonstration Tire, Approved For Road Use
13.3.3.4. JK Tyre Launches Six Steel Wheel Brand Outlets, Two Ranger Tyres
13.3.3.5. Century Enka began commercial production of sustainable nylon tire cord fabric
13.3.3.6. Toray to Domestically Sell Chemical Recycled Fiber Products Derived from Fishing Nets
13.3.3.7. Teijin Frontier launched a facility for producing functional polyester filaments
13.3.3.8. Teijin Frontier Developed World’s First Tire Cord from Eco-friendly Adhesive and Recycled Polyester
13.3.4. Investment & Funding
13.3.4.1. Bridgestone Receives Grant To Expand Natural Rubber Production in USA
13.3.4.2. Kordsa announce USD 20 million expansion of North American facilities
13.3.4.3. Rajratan Invested INR 370 Cr (USD 46.25 million), New Chennai Plant On Cards
13.3.5. Award, Recognition, & Expansion
13.3.5.1. Rajratan Global Wire received PLI nod for Speciality Steel
13.3.5.2. Bridgestone to expand Costa Rica tire plant
13.3.5.3. Kolon Ind expanded tire cord fabric plant in Vietnam
13.3.5.4. Milliken announced a start-up PP Clarifier Plant In S Carolina
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Aarti Steels Ltd.
14.1.2. Bansal Wire Industries Ltd.
14.1.3. Bridgestone Corporation
14.1.4. Century Enka Ltd.
14.1.5. Coats Group PLC
14.1.6. Colmant Coated Fabrics
14.1.7. Cordenka GmbH & Co. KG
14.1.8. DuPont de Nemours, Inc
14.1.9. Formosa Taffeta Co., Ltd.
14.1.10. Hanoi Industrial Textile JSC
14.1.11. Henan Hengxing Science & Technology Co., Ltd.
14.1.12. Hyosung Advanced Materials
14.1.13. Indorama Ventures Public Company Limited
14.1.14. Jiangsu Taiji Industry New Materials Co., Ltd.
14.1.15. Kolon Industries, Inc.
14.1.16. Kordsa Technical Textile Co. Inc.
14.1.17. Milliken & Company
14.1.18. NV Bekaert SA
14.1.19. Passaic Rubber Company
14.1.20. Rajratan Global Wire Limited
14.1.21. Saarstahl AG
14.1.22. Shakti Cords Pvt. Ltd.
14.1.23. Shanghai Metal Corporation
14.1.24. SRF Limited
14.1.25. Suzhou kingdom textile technology Co., Ltd.
14.1.26. Teijin Limited
14.1.27. TOKYO ROPE MFG. CO., LTD.
14.1.28. Toray Industries, Inc.
14.1.29. Toyobo Co., Ltd.
14.1.30. Zhejiang Hailide New Material Co., Ltd.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing

Pricing

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