Global Tire Reinforcement Materials Market Forecast 2021-2028

Global Tire Reinforcement Materials Market Forecast 2021-2028

KEY FINDINGS

The global tire reinforcement materials market is projected to develop with a CAGR of 5.41% during the forecasted years of 2021 to 2028. The market growth is mainly attributable to the increasing demand from the automobile sector, the growth of the automotive industry in the Asia-Pacific, the improved properties of reinforced tires, and the use of advanced technology in the manufacturing process.

MARKET INSIGHTS

Tires operate in challenging environments and provide traction, handling, and wear while simultaneously reducing rolling resistance for enhanced fuel economy. Tire reinforcement is utilized to stiffen tire components vital for cornering and handling. Reinforced materials entail steel, rayon, nylon, polyester, and others.

Technology plays a pivotal role in increasing productivity on account of the increasing competition among key players in the tire industry. As a result, established players strive to introduce added automation within the manufacturing process in order to bolster the production quantity, thus augmenting the net sales volume. In addition, radialization is the most distinguished innovative technology within the tire industry, subsequently facilitating the tire business’ overall growth.

REGIONAL INSIGHTS

The global tire reinforcement materials market growth assessment includes the analysis of North America, the Asia-Pacific, Europe, and the Rest of World. The Asia-Pacific is set to grow with the highest CAGR and harbor the largest revenue share within the global tire reinforcement materials market during the forecast period. The market growth is accredited to the region’s augmenting automotive industry as well as the rising demand for high-performance, next-generation tires.

COMPETITIVE INSIGHTS

The competitive rivalry within the global tire reinforcement materials market is expected to be high during the forecast period, owing to the availability of a significant number of key players. Firms strive to compete by offering products with similar characteristics as well as features at reduced prices. Market leaders pay more attention to the product’s safety, quality, and price, which further strengthens the competition.

Some of the top players operating in the market are Michelin, Tata Steel Ltd, Cordenka GmbH & Co KG, 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. North America
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. United States
8.1.5.2. Canada
8.2. Europe
8.2.1. Market Size & Estimates
8.2.2. Key Growth Enablers
8.2.3. Key Challenges
8.2.4. Key Players
8.2.5. Country Analysis
8.2.5.1. United Kingdom
8.2.5.2. Germany
8.2.5.3. France
8.2.5.4. Italy
8.2.5.5. Russia
8.2.5.6. Belgium
8.2.5.7. Poland
8.2.5.8. Rest Of Europe
8.3. Asia-pacific
8.3.1. Market Size & Estimates
8.3.2. Key Growth Enablers
8.3.3. Key Challenges
8.3.4. Key Players
8.3.5. Country Analysis
8.3.5.1. China
8.3.5.2. Japan
8.3.5.3. India
8.3.5.4. South Korea
8.3.5.5. Indonesia
8.3.5.6. Thailand
8.3.5.7. Malaysia
8.3.5.8. Australia & New Zealand
8.3.5.9. Rest Of Asia-pacific
8.4. Rest Of World
8.4.1. Market Size & Estimates
8.4.2. Key Growth Enablers
8.4.3. Key Challenges
8.4.4. Key Players
8.4.5. Regional Analysis
8.4.5.1. Latin America
8.4.5.2. Middle East & Africa
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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