Asia-pacific Tire Reinforcement Materials Market Forecast 2021-2028

Asia-pacific Tire Reinforcement Materials Market Forecast 2021-2028

KEY FINDINGS

The Asia-Pacific tire reinforcement materials market is set to record a CAGR of 5.79% during the forecast period, 2021-2028. The region’s emerging economies like Malaysia, Singapore, and India offer a conducive infrastructure for growing electric vehicles, connected vehicles, and autonomous vehicles. This offers growth opportunities for tire manufacturers.

MARKET INSIGHTS

India, Thailand, Japan, Malaysia, China, Australia & New Zealand, South Korea, Indonesia, and Rest of Asia-Pacific are evaluated for the Asia-Pacific tire reinforcement materials market growth analysis. South Korea has a well-established domestic market. It also exports 70% of its manufactured automobiles, attributed to its free trade agreement with the European Union and the US. In addition, its automotive industry thrives on technology and advancement and the presence of big industry players. Moreover, advantageous financing conditions at low interest rates and the launch of various innovative models with multiple functionalities have contributed immensely to the country’s market prospects.

In Malaysia, its first domestic automobile, PROTON, manufactured in 1983, paved the way for its thriving automotive industry. At present, the country has the presence of more than 20 manufacturing and assembly plants, where scooters, motorcycles, commercial vehicles, passenger cars, etc., are manufactured.

In India, digitalization and electrification are estimated to propel tire demands. It also has high domestic demands. In addition, the increasing disposable incomes have led to a growing preference for luxury vehicles. At the same time, most consumers are opting for low-end vehicles. Such factors fuel market growth.

COMPETITIVE INSIGHTS

Some of the key companies in the market include Shinkong Synthetic Fibers Corporation, SRF Limited, Teijin Limited, Hyosung Corporation, Shenma Industrial Co Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments


1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Parent Market Analysis: Tire Industry
3.2. Key Drivers
3.2.1. Demand From The Automotive Industry
3.2.2. Growth Of The Automotive Industry In The Asia-pacific Region
3.2.3. Enhanced Properties Of Reinforced Tires
3.2.4. Use Of Advanced Technology In The Manufacturing Process
3.3. Key Restraints
3.3.1. Slowdown Due To The Growth In The Retreading Of Tires
3.3.2. Effects Of Volatile Prices Of Raw Materials On Tire Industry
4. Key Analytics
4.1. Impact Of Covid-19 On Tire Reinforcement Materials Market
4.2. Key Market Trends
4.3. Porter’s Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
5. Market By Type
5.1. Tire Cord Fabric
5.2. Tire Bead Wire
6. Market By Material
6.1. Steel
6.2. Polyester
6.3. Rayon
6.4. Nylon
6.5. Others
7. Market By Tire Distribution Channel
7.1. Oem (Original Equipment Manufacturer) Market
7.2. Replacement Market
8. Geographical Analysis
8.1. Asia-pacific
8.1.1. Market Size & Estimates
8.1.2. Key Growth Enablers
8.1.3. Key Challenges
8.1.4. Key Players
8.1.5. Country Analysis
8.1.5.1. China
8.1.5.2. Japan
8.1.5.3. India
8.1.5.4. South Korea
8.1.5.5. Indonesia
8.1.5.6. Thailand
8.1.5.7. Malaysia
8.1.5.8. Australia & New Zealand
8.1.5.9. Rest Of Asia-pacific
9. Competitive Landscape
9.1. Key Strategic Developments
9.1.1. Mergers & Acquisitions
9.1.2. Partnerships & Agreements
9.1.3. Business Expansions & Divestitures
9.2. Company Profiles
9.2.1. Bekaert Sa
9.2.2. Century Enka Limited
9.2.3. Cordenka Gmbh & Co Kg
9.2.4. Dupont
9.2.5. Formosa Taffeta Co Ltd
9.2.6. Hbt Rubber Industrial Co Ltd
9.2.7. Hyosung Corporation
9.2.8. Jiangsu Xingda Steel Tire Cord Co Ltd
9.2.9. Kolon Industries Inc
9.2.10. Kordsa Teknik Tekstil As
9.2.11. Michelin
9.2.12. Shenma Industrial Co Ltd
9.2.13. Shinkong Synthetic Fibers Corporation
9.2.14. Srf Limited
9.2.15. Tata Steel
9.2.16. Teijin Limited
9.2.17. Toray Industries Inc
9.2.18. Toyobo Co Ltd

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