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Global Tire Reinforcement Materials Market 2017-2023| Key Players- Dunlop, Goodyear, Bridgestone

09-28-2018 11:04 AM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

Tire Reinforcement

Tire Reinforcement

Adhesives are used to join most composites and plastic materials. They are known for improving stress distribution and expanding the choices of composites and dissimilar substrates throughout the vehicle. Adhesive is the most versatile bonding agent available today and is used by vehicle manufacturers to make cars lighter and tougher. Moreover, adhesives are made from precise blends of synthetic rubber elastomers, resins, and additives, such as photo initiators and stabilizers, which enhance the characteristics of tire reinforcement material. In addition, currently automobile manufacturers glue aluminum and composites together so that vehicle body parts are intact even at top speed and high pressure. Adhesives do not lose strength and hence are used for these applications. Furthermore, their bonding renders the vehicles noise free, durable, and safe by replacing conventional joining techniques, such as welding, riveting, and bolting.
This report projects the trends and opportunities of the global tire reinforcement material market. It includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.

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Growth in the automotive industry, owing to the increase in sales of passenger and commercial vehicles majorly drives the market. Moreover, rise in use of rayon and steel in the belts of car by automobile manufacturers, further leads to market growth. In addition, apart from belt textile, rayon is widely used for carcass reinforcement (made up of one layer of metal reinforcing elements). However, volatile prices of raw materials, such as rubber (accounting for 60% composition) for tire manufacturing pose a major threat in the tire reinforcement materials market. In addition, the rise in crude oil prices is expected to deter the market growth as crude oil derivatives such as carbon black, and nylon are used in tire manufacturing.
The global tire reinforcement material market is segmented based on type, material, and geography. By type, the market is bifurcated into tire cord fabric and tire bead wire. By material, the market is divided into steel tire, polyester tire, rayon, nylon, and others (rubber, fabric, and carbon black). Geographically, the tire reinforcement material market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key market players in this sector involve Dunlop, Goodyear, Bridgestone, Bekaert, Hyosung, Kolon Industries, Kordsa Global, Toray Industries, SRF, and Cordenka.

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Tire Reinforcement Material Market Key Segments:
By Type
•Tire Cord Fabric
•Tire Bead Wire
By Material
•Steel Tire
•Polyester Tire
•Rayon
•Nylon
•Others (Rubber, Fabric, and Carbon Black)

By Geography

•North America
oU.S.
oCanada
oMexico
•Europe
oGermany
oSpain
oUK
oRussia
oFrance
oRest of Europe
•Asia-Pacific
oChina
oIndia
oJapan
oAustralia
oKorea
oRest of Asia-Pacific

•LAMEA
oBrazil
oTurkey
oSouth Africa
oRest of LAMEA

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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