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. The tire Reinforcement material Market is almost derived by automotive sector owing to the increasing sales of passenger and commercial vehicles also airline industry making a demand of high-performance tire for advanced products having best safety features. Tires are in the middle of the ground and the vehicle but plays an important role which concerns the safety of driver fortify that the vehicle is in control while driving, giving the driver a higher sense of Flexibility.
In terms of a product, tire reinforcement material market is segmented into tire cord fabric and tire bead fabric. Tire cord fabric is leading the tire Reinforcement material Market. Tire cord fabrics offer 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 for bonding strongly with Rayon. Tire cord fabric is made of longitudinal warp yarns and lateral weft yarns. In terms of material used tire reinforcement material market is categorized into steel tire, polyester tire, rayon, nylon and other. Rayon is leading the tire Reinforcement material Market due to use of steel in the belts of car by automobile fabricators followed by nylon. Rayon is extensively used for metal reinforcement. Geographically tire reinforcement material market is divided into Latin America, Middle East and Africa, Latin America, North America, and Europe. The Asia Pacific is dominating the tire Reinforcement material Market due to rising growth of automotive sector in the developing countries like China, India and Japan. Europe is shifting their choice to eco tires. North America shows a steady growth. Dunlop, Goodyear, Bridgestone, Bekaert, Hyosung, Kolon Industries, Kordsa Global, Toray Industries, SRF, Cordenka, now DuPont, Hyosung Group, SRF Ltd., expert, Hyosung, Kolon Industries, Milliken and Company, Tokusen Kogyo, Teijin Ltd., and Toray Industries are some of the key player of the tire Reinforcement Material Market.
The Scope of the Tire Reinforcement Material Market:
Tire Reinforcement Material Market By Product Type:
• Tire Cord Fabric • Tire Bead Wire
Tire Reinforcement Material Market By Material Type:
• Steel Tire • Polyester Tire • Rayon • Nylon • Others ( Rubber, fabric and carbon black)
Tire Reinforcement Material Market By Region:
• Asia Pacific • Europe • North America • Middle East & Africa • Latin America
Key Players Analysed in the Tire Reinforcement Material Market:
• Dunlop • Goodyear • Bridgestone • Bekaert • Hyosung • Kolon Industries • Kordsa Global • Toray Industries • SRF • Cordenka • Bekaert • DuPont • Hyosung • Kordsa Global • Teijin Ltd. • Ekaert • Milliken and Company
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Report Published by: Maximize Market Research
