Tire Reinforcement Material Market by type (tire cord fabric and tire bead wire), by material (steel tire, polyester tire, rayon, nylon and others) by region (North America, Middle East and Africa, Latin America, Asia Pacific, and Europe) -Global Industry Analysis and Forecast 2018-2026”. Tire reinforcement material market was valued US$ 14 Bn in 2017 and is anticipated to reach US$ 17.5 Bn by 2026 at CAGR of about 3.5 % during a forecast.
Radial light-duty, radial heavy-duty, bias light-duty, bias heavy-duty, bicycle, motorcycle and other cycles tire are the different tires. The tire reinforcement materials market is totally dependent on the automotive industry, the performance of which is closely knited with the development of the automobile and cycle sector. The different tire reinforcement raw materials used in the industry are steel, nylon, textile fabric, polyester cords, and many more, such as chemicals, beads, etc. Tire diamension and material composition is critical to obtain. Even the airline industry demands for tire reinforcement materials, there is a continuous demand for advanced products having the best safety features.
Tire cord fabric is leading the tire reinforcement material market.
Tire cord fabrics offers good riding comfort, maintains the dimension of tires, high load carrying capacity, shape, and abrasion resistance to the tires. Also has good thermal stability, high persistence, good impact resistance, and are suitable of bonding strongly with Rayon. Tire cord fabric is made of longitudinal warp yarns and lateral weft yarns.
Rayon is leading the tire reinforcement material market.
Rayon is leading the tire Reinforcement material Market due to use of steel in the belts of a car by automobile fabricators. Rayon is extensively used for metal reinforcement.
Asia-Pacific dominates the tire reinforcement materials market.
Asia-Pacific is predicted to dominate the market for tire reinforcement materials during the forecast owing to the rapidly increasing automotive production in India and China. Also increasing investments on R&D and focus on innovation of equipment are expected to speed up the automotive market in Japan, this in turn, is likely to augment the market for tire reinforcement materials in the forecast.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Dunlop, Goodyear, Bridgestone, Bekaert, Hyosung, Kolon Industries, Kordsa Global, Toray Industries, SRF, Cordenka, DowDuPont, Hyosung Group, SRF Ltd., ekaert, Hyosung, Kolon Industries, Milliken and Company, Tokusen Kogyo, Teijin Ltd., and Toray Industries.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global tire reinforcement material market. The report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global tire reinforcement material Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain the global tire reinforcement material Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on https://www.maximizemarketresearch.com/market-report/tire-reinforcement-material-market/13424/
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