The global Tire Reinforcement market was valued at US$ 12170 million in 2020 and it is expected to reach US$ 15220 million by the end of 2027, growing at a CAGR of 3.2% during 2021-2027.
Reinforced tires are rigid, offer stability, better traction, greater adhesion properties, and are more resistant to mechanical damage. Besides the capability to carry the extra load, these tires have a longer life than normal tires and are not prone to internal damages. Reinforced tires have more usage in vans, trucks, estate cars, sports cars, and delivery vehicles as they can withstand higher pressure and increased load capacity.
Several reinforcement materials used in tires include steel cord fabric, steel bead wire, polyester cord fabric, rayon cord fabric, aramid cord fabric, nylon cord fabric, and other materials. These materials confer structural, mechanical, and physical properties to tires. The latest development in the market is the growing demand for eco-friendly tires, which has compelled vendors to shift towards the usage of natural and recycled materials like ground rubber, orange oil, and low-aromatic oils to manufacture tires.
Global Tire Reinforcement Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Tire Reinforcement Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Bekaert, Kolon Industries, Toray Industries, Milliken & Company, Cordenka, Tokusen Kogyo and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-tire-reinforcement-market-outlook
Segment by Type
Segment by Application
- Tire Cord Fabric
- Tire Bead Wire
Table of Content:
1 Tire Reinforcement Market Overview
2 Tire Reinforcement Market Competition by Manufacturers
3 Tire Reinforcement Retrospective Market Scenario by Region
4 Global Tire Reinforcement Historic Market Analysis by Type
5 Global Tire Reinforcement Historic Market Analysis by Application
6 Key Companies Profiled
7 Tire Reinforcement Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Tire Reinforcement Market Dynamics
10 Global Tire Reinforcement Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta