Tire Reinforcement Materials Market by Material (Aramid, Nylon, Polyester), Tire Type (Bias, Radial), Type, Application - Global Forecast 2023-2030
The Tire Reinforcement Materials Market is projected to reach USD 20.26 billion by 2030 from USD 13.50 billion in 2022, at a CAGR of 5.20% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Tire Reinforcement Materials Market.
- Based on Material, market is studied across Aramid, Nylon, Polyester, Rayon, and Steel. The Nylon commanded largest market share of 32.39% in 2022, followed by Polyester.
- Based on Tire Type, market is studied across Bias and Radial. The Radial commanded largest market share of 67.74% in 2022, followed by Bias.
- Based on Type, market is studied across Tire Bead Wire and Tire Cord Fabric. The Tire Cord Fabric commanded largest market share of 61.34% in 2022, followed by Tire Bead Wire.
- Based on Application, market is studied across Belt Ply, Cap Ply, and Carcasses. The Carcasses commanded largest market share of 41.36% in 2022, followed by Belt Ply.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.92% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Tire Reinforcement Materials Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Tire Reinforcement Materials Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Tire Reinforcement Materials Market, highlighting leading vendors and their innovative profiles. These include Aarti Steels Ltd., Bansal Wire Industries Ltd., Bridgestone Corporation, Century Enka Ltd., Coats Group PLC, Colmant Coated Fabrics, Cordenka GmbH & Co. KG, DuPont de Nemours, Inc, Formosa Taffeta Co., Ltd., Hanoi Industrial Textile JSC, Henan Hengxing Science & Technology Co., Ltd., Hyosung Advanced Materials, Indorama Ventures Public Company Limited, Jiangsu Taiji Industry New Materials Co., Ltd., Kolon Industries, Inc., Kordsa Technical Textile Co. Inc., Milliken & Company, NV Bekaert SA, Passaic Rubber Company, Rajratan Global Wire Limited, Saarstahl AG, Shakti Cords Pvt. Ltd., Shanghai Metal Corporation, SRF Limited, Suzhou kingdom textile technology Co., Ltd., Teijin Limited, TOKYO ROPE MFG. CO., LTD., Toray Industries, Inc., Toyobo Co., Ltd., and Zhejiang Hailide New Material Co., Ltd..
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Tire Reinforcement Materials Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Tire Reinforcement Materials Market?
- What is the competitive strategic window for identifying opportunities in the Tire Reinforcement Materials Market?
- What are the latest technology trends and regulatory frameworks in the Tire Reinforcement Materials Market?
- What is the market share of the leading vendors in the Tire Reinforcement Materials Market?
- Which modes and strategic moves are suitable for entering the Tire Reinforcement Materials Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Tire Reinforcement Materials Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing production & sales of automotive vehicles
- 5.1.1.2. Escalating demand for run-flat and ultra-high-speed tires
- 5.1.2. Restraints
- 5.1.2.1. Fluctuating prices of tire reinforcement materials
- 5.1.3. Opportunities
- 5.1.3.1. Government regulations to expand the usage of fuel-efficient tires
- 5.1.3.2. Expanding research & development activities to introduce high-performance and improved-strength tires
- 5.1.4. Challenges
- 5.1.4.1. Environmental concerns associated with the production of tires
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.3.1. Rising focus on sustainable development goals and expansion of tire manufacturing facilities in the Americas
- 5.3.2. Surging automobile demand and prospective tire manufacturing capacity enhance market scope in the APAC region.
- 5.3.3. Expanding manufacturing of automotive tires with the presence of regulations & guidelines in EMEA
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Tire Reinforcement Materials Market, by Material
- 6.1. Introduction
- 6.2. Aramid
- 6.3. Nylon
- 6.4. Polyester
- 6.5. Rayon
- 6.6. Steel
- 7. Tire Reinforcement Materials Market, by Tire Type
- 7.1. Introduction
- 7.2. Bias
- 7.3. Radial
- 8. Tire Reinforcement Materials Market, by Type
- 8.1. Introduction
- 8.2. Tire Bead Wire
- 8.3. Tire Cord Fabric
- 9. Tire Reinforcement Materials Market, by Application
- 9.1. Introduction
- 9.2. Belt Ply
- 9.3. Cap Ply
- 9.4. Carcasses
- 10. Americas Tire Reinforcement Materials Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Tire Reinforcement Materials Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Tire Reinforcement Materials Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
- 13.3.1.1. Kordsa Completed Majority Shares Acquisition of Microtex Composites
- 13.3.2. Agreement, Collaboration, & Partnership
- 13.3.2.1. JK Tyre partnered with International Finance Corporation to expand tire manufacturing operations
- 13.3.2.2. Bolder Industries and Liberty Tire Formalized Partnership to Advance Circularity in the U.S. Market
- 13.3.2.3. Bridgestone Partnered with LanzaTech to Pursue End-of-Life Tire Recycling Technologies
- 13.3.3. New Product Launch & Enhancement
- 13.3.3.1. Cabot Corporation Launched Evolve Sustainable Solutions Technology Platform Focused On Advancing Sustainable Reinforcing Carbons
- 13.3.3.2. Cabot Corporation Launched New Engineered Elastomer Composite (E2C) Product to Expand Capabilities in On-road Commercial Tire and Industrial Rubber Applications
- 13.3.3.3. Goodyear Unveils 90% Sustainable-Material Demonstration Tire, Approved For Road Use
- 13.3.3.4. JK Tyre Launches Six Steel Wheel Brand Outlets, Two Ranger Tyres
- 13.3.3.5. Century Enka began commercial production of sustainable nylon tire cord fabric
- 13.3.3.6. Toray to Domestically Sell Chemical Recycled Fiber Products Derived from Fishing Nets
- 13.3.3.7. Teijin Frontier launched a facility for producing functional polyester filaments
- 13.3.3.8. Teijin Frontier Developed World’s First Tire Cord from Eco-friendly Adhesive and Recycled Polyester
- 13.3.4. Investment & Funding
- 13.3.4.1. Bridgestone Receives Grant To Expand Natural Rubber Production in USA
- 13.3.4.2. Kordsa announce USD 20 million expansion of North American facilities
- 13.3.4.3. Rajratan Invested INR 370 Cr (USD 46.25 million), New Chennai Plant On Cards
- 13.3.5. Award, Recognition, & Expansion
- 13.3.5.1. Rajratan Global Wire received PLI nod for Speciality Steel
- 13.3.5.2. Bridgestone to expand Costa Rica tire plant
- 13.3.5.3. Kolon Ind expanded tire cord fabric plant in Vietnam
- 13.3.5.4. Milliken announced a start-up PP Clarifier Plant In S Carolina
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. Aarti Steels Ltd.
- 14.1.2. Bansal Wire Industries Ltd.
- 14.1.3. Bridgestone Corporation
- 14.1.4. Century Enka Ltd.
- 14.1.5. Coats Group PLC
- 14.1.6. Colmant Coated Fabrics
- 14.1.7. Cordenka GmbH & Co. KG
- 14.1.8. DuPont de Nemours, Inc
- 14.1.9. Formosa Taffeta Co., Ltd.
- 14.1.10. Hanoi Industrial Textile JSC
- 14.1.11. Henan Hengxing Science & Technology Co., Ltd.
- 14.1.12. Hyosung Advanced Materials
- 14.1.13. Indorama Ventures Public Company Limited
- 14.1.14. Jiangsu Taiji Industry New Materials Co., Ltd.
- 14.1.15. Kolon Industries, Inc.
- 14.1.16. Kordsa Technical Textile Co. Inc.
- 14.1.17. Milliken & Company
- 14.1.18. NV Bekaert SA
- 14.1.19. Passaic Rubber Company
- 14.1.20. Rajratan Global Wire Limited
- 14.1.21. Saarstahl AG
- 14.1.22. Shakti Cords Pvt. Ltd.
- 14.1.23. Shanghai Metal Corporation
- 14.1.24. SRF Limited
- 14.1.25. Suzhou kingdom textile technology Co., Ltd.
- 14.1.26. Teijin Limited
- 14.1.27. TOKYO ROPE MFG. CO., LTD.
- 14.1.28. Toray Industries, Inc.
- 14.1.29. Toyobo Co., Ltd.
- 14.1.30. Zhejiang Hailide New Material Co., Ltd.
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
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