North America Tire Reinforcement Material Market Forecast 2017-2025
KEY FINDINGS The North America tire reinforcement material market was calculated to be worth $3146 million in 2016. The market is now set to rise at an estimated CAGR of 2.93%, collecting a market share of $4088 million by the end of the forecasted years of 2017-2025. MARKET INSIGHTS The market is segmented on the basis of materials (polyester, steel, nylon, rayon, etc.) and on the basis of types (tire cord fabric and tire bead wire). The flourishing automotive industry and the enhanced superior properties of reinforced tires are responsible for leading the market growth. Although, the stringent government rules and regulations might restrain the market growth in the near future. COMPETITIVE INSIGHTS The prominent players in this market include Michelin, Bekaert, Dupont, Formosa Taffeta Co Ltd, Kolon Industries Inc, Kordsa Global, Toray Industries Inc, and others.