+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Tire Reinforcement Materials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • ID: 5025438
  • Report
  • April 2021
  • Region: Global
  • 120 pages
  • Mordor Intelligence
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • Bekaert.
  • CORDENKA GmbH & Co. KG
  • FORMOSA TAFFETA CO., LTD.
  • HYOSUNG
  • Michelin
  • Teijin Ltd.
The market for tire reinforcement materials is expected to grow at a CAGR of more than 6% during the forecast period. The major factors driving the market studied is increasing tire production.
  • The development of 3D printed and Smart Tires is expected to hinder the market.
  • Asia-Pacific dominated the market across the globe with the largest consumption in country such as China, India, etc.
Key Market Trends

Tire Cord Fabric to Dominate the Market
  • Tire cord fabric is a type of industrial fabric manufactured using high tenacity yarns in the warp direction and yarns of negligible resistance in the weft direction used to hold warn yarns locked in their position.
  • Tire cord coated fabrics are majorly used type owing to properties such as controlled deformation, high strength, abrasion resistance, etc.
  • Further, tire cord fabrics constitute a wide range of textile reinforcements such as polyester tire cord fabrics, nylon tire cord fabrics, cycle tire cord fabrics, chafer fabrics including wicking and non-wicking chafer for heavy-duty tires and tubeless radial tires.
  • These products are used as reinforcement material in many applications of tires. some of the applications include passenger cars, light commercial vehicles, heavy commercial vehicles, tractors, and off-the-road (OTR) tires including the bicycle.
  • The demand for tire cord fabric is expected to increase over the forecast period.
Asia-Pacific dominates the Market
  • Asia-Pacific is expected to dominate the market for tire reinforcement materials during the forecast period majorly owing to the rapidly increasing automotive production in India and China.
  • Attributable to new product launches, lower borrowing costs and continued momentum in personal mobility space, is expected to witness a high growth pattern in the next few years.
  • Additionally, increasing investments on R&D and focus on up-gradation of equipment are expected to boost the automotive market in Japan.
  • This, in turn, is likely to augment the market for tire reinforcement materials in the forecast period.
Competitive Landscape

The tire reinforcement materials market is partially consolidated in nature. Some of the major players in the market include DuPont, Hyosung, SRF Limited., Teijin Ltd., and Toray Hybrid Cord, Inc, among others.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bekaert.
  • CORDENKA GmbH & Co. KG
  • FORMOSA TAFFETA CO., LTD.
  • HYOSUNG
  • Michelin
  • Teijin Ltd.
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Tire Production
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Declining Automotive Industry
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION
5.1 Material
5.1.1 Steel
5.1.2 Polyester
5.1.3 Nylon
5.1.4 Rayon
5.1.5 Aramid
5.1.6 Other Materials
5.2 Technology
5.2.1 Drawing
5.2.2 Melt Spinning
5.2.3 Solution Spinning
5.3 Type
5.3.1 Tire Cord Fabric
5.3.2 Tire Bead Wire
5.4 Application
5.4.1 Automobile Carcasses
5.4.2 Belt Ply
5.4.3 Cap Ply
5.5 Geography
5.5.1 Asia-Pacific
5.5.1.1 China
5.5.1.2 India
5.5.1.3 Japan
5.5.1.4 South Korea
5.5.1.5 Rest of Asia-Pacific
5.5.2 North America
5.5.2.1 United States
5.5.2.2 Canada
5.5.2.3 Mexico
5.5.3 Europe
5.5.3.1 Germany
5.5.3.2 United Kingdom
5.5.3.3 Italy
5.5.3.4 France
5.5.3.5 Rest of Europe
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Rest of South America
5.5.5 Middle-East and Africa
5.5.5.1 Saudi Arabia
5.5.5.2 South Africa
5.5.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Bekaert.
6.4.2 Century Enka Limited.
6.4.3 CORDENKA GmbH & Co. KG
6.4.4 Dupont
6.4.5 FORMOSA TAFFETA CO., LTD.
6.4.6 Glanzstoff Industries
6.4.7 HYOSUNG
6.4.8 Jiangsu Taiji Industry New Materials Co., Ltd.
6.4.9 Jiangsu Xingda Steel Tire Cord Co. Ltd.
6.4.10 Kolon Industries Inc.
6.4.11 Kordsa Teknik Tekstil A.Ş.
6.4.12 Michelin
6.4.13 SRF Limited
6.4.14 Teijin Ltd.
6.4.15 Toray Hybrid Cord,Inc
6.4.16 TOYOBO CO., LTD.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of 3D printed and Smart Tires
7.2 Other Opportunities
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Bekaert.
  • Century Enka Limited.
  • CORDENKA GmbH & Co. KG
  • Dupont
  • FORMOSA TAFFETA CO., LTD.
  • Glanzstoff Industries
  • HYOSUNG
  • Jiangsu Taiji Industry New Materials Co., Ltd.
  • Jiangsu Xingda Steel Tire Cord Co. Ltd.
  • Kolon Industries Inc.
  • Kordsa Teknik Tekstil A.Ş.
  • Michelin
  • SRF Limited
  • Teijin Ltd.
  • Toray Hybrid Cord,Inc
  • TOYOBO CO., LTD.
Note: Product cover images may vary from those shown

Loading
LOADING...

Adroll
adroll