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DUBLIN , July 13, 2022 /PRNewswire/ -- 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. 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.
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Toyobo Co. Ltd.
Key Questions Answered in This Report:
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 6.1 Tire Cord Fabric 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Tire Bead Wire 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Material Type 7.1 Steel 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Polyester 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Nylon 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Rayon 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Aramid 7.5.1 Market Trends 7.5.2 Market Forecast 7.6 Others 7.6.1 Market Trends 7.6.2 Market Forecast 8 Market Breakup by Tire Type 8.1 Radial Tire 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Bias Tire 8.2.1 Market Trends 8.2.2 Market Forecast 9 Market Breakup by Vehicle Type 9.1 Passenger Cars 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Commercial Vehicle 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Others 9.3.1 Market Trends 9.3.2 Market Forecast 10 Market Breakup by Application 10.1 OEMs 10.1.1 Market Trends 10.1.2 Market Forecast 10.2 Aftermarket 10.2.1 Market Trends 10.2.2 Market Forecast 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 16.3.1 Bridgestone Corporation 16.3.1.1 Company Overview 16.3.1.2 Product Portfolio 16.3.1.3 Financials 16.3.1.4 SWOT Analysis 16.3.2 Century Enka Limited 16.3.2.1 Company Overview 16.3.2.2 Product Portfolio 16.3.2.3 Financials 16.3.3 Cordenka GmbH & Co. KG 16.3.3.1 Company Overview 16.3.3.2 Product Portfolio 16.3.4 Dupont De Nemours Inc. 16.3.4.1 Company Overview 16.3.4.2 Product Portfolio 16.3.4.3 Financials 16.3.5 Formosa Taffeta Co. Ltd. 16.3.5.1 Company Overview 16.3.5.2 Product Portfolio 16.3.5.3 Financials 16.3.6 Kolon Industries Inc. 16.3.6.1 Company Overview 16.3.6.2 Product Portfolio 16.3.6.3 Financials 16.3.6.4 SWOT Analysis 16.3.7 Kordsa Teknik Tekstil AS (Haci Omer Sabanci Holding AS) 16.3.7.1 Company Overview 16.3.7.2 Product Portfolio 16.3.7.3 Financials 16.3.8 NV Bekaert S.A. 16.3.8.1 Company Overview 16.3.8.2 Product Portfolio 16.3.8.3 Financials 16.3.9 SRF Limited (Kama Holdings Ltd.) 16.3.9.1 Company Overview 16.3.9.2 Product Portfolio 16.3.9.3 Financials 16.3.9.4 SWOT Analysis 16.3.10 Teijin Limited 16.3.10.1 Company Overview 16.3.10.2 Product Portfolio 16.3.10.3 Financials 16.3.10.4 SWOT Analysis 16.3.11 Toray Industries Inc. 16.3.11.1 Company Overview 16.3.11.2 Product Portfolio 16.3.11.3 Financials 16.3.11.4 SWOT Analysis 16.3.12 Toyobo Co. Ltd. 16.3.12.1 Company Overview 16.3.12.2 Product Portfolio 16.3.12.3 Financials 16.3.12.4 SWOT Analysis
For more information about this report visit https://www.researchandmarkets.com/r/29wdc
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