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Tire Reinforcement Materials Market worth $20.26 billion by 2030, growing at a CAGR of 5.23% - Exclusive Report by 360iResearch
The "Tire Reinforcement Materials Market by Material (Aramid, Nylon, Polyester), Tire Type (Bias, Radial), Type, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/tire-reinforcement-materials?utm_source=openpr&utm_medium=referral&utm_campaign=sample
Tire Reinforcement Materials encompass various substances, including steel, polyester, rayon, nylon, and aramid fibers, which enhance tire strength, durability, and overall performance. These materials are vital for ensuring structural integrity, longevity, safety, and improved driving experience by providing better traction, handling, and fuel efficiency. They find applications in passenger vehicles, commercial vehicles, and industrial and agricultural machinery, serving original equipment manufacturers (OEMs) and the aftermarket in the automotive industry, as well as the construction and agricultural sectors. Key factors fueling market growth include increasing vehicle production, technological advancements offering superior strength and flexibility, and stringent environmental regulations pushing for sustainable materials. Potential opportunities arise from the growth in electric vehicles (EVs) requiring specially reinforced tires, emerging markets with rapid urbanization, and the development of eco-friendly reinforcement materials. However, challenges such as fluctuating raw material costs, high research and development (R&D) expenses for advanced materials, and varying international regulatory standards pose limitations. Innovation and research areas include nanotechnology for enhanced tire strength and durability, sustainable and biodegradable biomaterials, smart tires with integrated sensors and IoT for real-time monitoring, and advanced recycling technologies for effective reuse of reinforcement materials. The market's competitive landscape features significant participation from global and local players, driven by continuous advancements in materials science and evolving consumer demands, necessitating collaborations between automotive and material science companies to maintain a competitive edge.
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Market Segmentation & Coverage:
This research report categorizes the Tire Reinforcement Materials Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Aramid, Nylon, Polyester, Rayon, and Steel.
Based on Tire Type, market is studied across Bias and Radial.
Based on Type, market is studied across Tire Bead Wire and Tire Cord Fabric.
Based on Application, market is studied across Belt Ply, Cap Ply, and Carcasses.
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, Colorado, Florida, Georgia, Illinois, Michigan, Minnesota, New York, Ohio, Pennsylvania, Texas, and Washington. 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.
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..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Tire Reinforcement Materials Market, by Material
7. Tire Reinforcement Materials Market, by Tire Type
8. Tire Reinforcement Materials Market, by Type
9. Tire Reinforcement Materials Market, by Application
10. Americas Tire Reinforcement Materials Market
11. Asia-Pacific Tire Reinforcement Materials Market
12. Europe, Middle East & Africa Tire Reinforcement Materials Market
13. Competitive Landscape
14. Competitive Portfolio
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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