Outlook on the Tire Reinforcement Materials Global Market to 2027 – by Product Type, Material Type, Tire Type, Vehicle Type, Application and Region – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Tire Reinforcement Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global tire reinforcement materials market reached a value of US$ 14.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 19 Billion by 2027, exhibiting a CAGR of 4.37% during 2021-2027.
Companies Mentioned
- Bridgestone Corporation
- Century Enka Limited
- Cordenka GmbH & Co. KG
- Dupont De Nemours Inc.
- Formosa Taffeta Co. Ltd.
- Kolon Industries Inc.
- Kordsa Teknik Tekstil AS (Haci Omer Sabanci Holding AS)
- NV Bekaert S.A.
- SRF Limited (Kama Holdings Ltd.)
- Teijin Limited
- Toray Industries Inc.
- Toyobo Co. Ltd.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Tire reinforcement materials, such as beads and fabric cords, are widely utilized to provide high durability, stiffness, tensile strength, adhesion to rubber and compression modulus. These materials are employed depending on their cost, construction, chemical composition and the number of plies in tires.
For instance, steel cords find application in passenger car and truck radial tires to generate handling force, improve traction and enhance the overall tire performance. Moreover, beads manufactured using steel wires and additives are used as reinforcement materials. They are coated with alloys to provide resistance against load distortion, rim slippage and breakage during mounting. At present, the demand for tire reinforcement materials is increasing worldwide as they keep tires in shape, support vehicle weight and improve the functionality of tires.
The escalating demand for run-flat and ultra-high-speed tires is positively influencing the adoption of textile cords in bicycles, earthmovers, heavy-duty trucks and space shuttle landing gear. Moreover, as steel cords help reduce rolling resistance, increase tread life and improve fuel efficiency, they find application in sport utility vehicles (SUVs) and light truck (LT) tires.
Furthermore, the growing number of construction and mining activities are promoting the usage of tire reinforcement materials as they provide protection against punctures in off-the-road (OTR) vehicles. The rising sales of automobiles, the introduction of super high tensile bead wires and stringent regulations implemented by governing agencies of various countries on the fuel economy of vehicles are some of the other factors anticipated to drive the market in the coming years.
Key Questions Answered in This Report:
- How has the global tire reinforcement materials market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global tire reinforcement materials market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the tire type?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global tire reinforcement materials market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Tire Reinforcement Materials Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
7 Market Breakup by Material Type
8 Market Breakup by Tire Type
9 Market Breakup by Vehicle Type
10 Market Breakup by Application
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/xzhjgo
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