Europe Tire Reinforcement Materials Market Forecast 2021-2028

Europe Tire Reinforcement Materials Market Forecast 2021-2028


The Europe tire reinforcement materials market is anticipated to record a CAGR of 4.92% during the forecast period, 2021-2028. The presence of prominent automotive OEMs offers a dense consumer base for tire manufacturers. At the same time, the presence of several sensor manufacturers and their initiatives offers growth opportunities.


Poland, Belgium, Italy, Russia, the United Kingdom, Germany, and Rest of Europe are analyzed for the Europe tire reinforcement materials market growth evaluation. In Germany, the rising purchase power is benefiting market growth. Also, there are increasing investments in research & development in the automobile industry. In addition, the growing demand for energy-efficient vehicles is set to contribute to the market demands.

Moreover, the country also caters to the demands of several international automobile markets. This is because three-fourth of the total vehicles produced in the country are exported. This further boosts the OEM tire market growth. Also, the new electric vehicles regulations have resulted in the steady adoption of commercial vehicles. Such factors are estimated to drive the demand for smart tires and sensors.

Italy’s motorcycles & mopeds market is one of the largest in Europe. Moreover, the registration of two-wheel vehicles in 2019 was 5.7% more than in 2018. Such aspects, along with the thriving automotive sector, propel market growth in Italy.

Furthermore, Russia’s automotive industry is one of the essential sectors of the country. In addition, most international car brands are present in Russia. Furthermore, foreign automotive players have their construction and production plants in the country. Such factors enable market growth in Russia.


Some of the major market players include DuPont, HBT Rubber Industrial Co Ltd, Kolon Industries Inc, Formosa Taffeta Co Ltd, Michelin, 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
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. Europe
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 United Kingdom Germany France Italy Russia Belgium Poland Rest Of Europe
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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