Report Highlights
The global tire reinforcement materials market should reach $17.6 billion by 2023 from $15.1 billion in 2018 at a compound annual growth rate (CAGR) of 3.2% for the period 2018-2023.
Report Includes
- 96 data tables
- An overview of the advances and trends in tire reinforcement materials manufacturing, applications, and global and regional markets
- Analyses of global market trends, with data from 2016 and 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Discussion of tire reinforcements manufactured with steel, polyester, rayon, nylon, aramid, PEN (polyethylene naphthalate), and other materials
- Identification of key properties and advanced technologies of raw materials
- Profiles of major companies in the market, including Bekaert, Michelin, Hyosung, Toray Industries Inc., Kordsa Global and DuPont
Report Scope
This report forecasts the size of the market in current U.S. dollars for tire reinforcement materials in value terms for each material and/or volume terms from 2016 through 2023. It also forecasts the market size or output for:
- Tire reinforcement materials such as steel tire cord fabric, steel bead wire, polyester tire cord fabric, nylon tire cord fabric, rayon tire cord fabric, aramid tire cord fabric, PEN tire cord fabric and hybrid reinforcement materials.
- Tire types such as radial light-duty, radial heavy-duty, bias light-duty, bias heavy-duty, bicycle, motorcycle and other cycles. The tire reinforcement materials market is directly dependent on the tire industry, the performance of which is closely intertwined with the development of the automobile and cycle industries.
These forecasts are classified on the basis of product type, technology type, end application and region.
Analyst Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fiber, textile and energy industries for 18 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. Currently he is the chief scientist of a company endeavoring to reduce China's air and water pollution. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
Report Highlights
The global market for tire reinforcement materials will grow from $13.6 billion in 2016 to $16.0 billion by 2021 with a compound annual growth rate (CAGR) of 3.3% for the period of 2016-2021.
Report Highlights
The global market for tire reinforcement materials was estimated to total nearly $13 billion in 2011 and $13.5 billion in 2012; the market should total more than $16 billion by 2017 and have a five-year compound annual growth rate (CAGR) of 3.6%.
Report Highlights
The global market for tire reinforcement materials was $12.3 billion in the year 2010, which is expected to increase up to $12.9 billion by 2011. The tire reinforcement market will grow at a moderate CAGR of 3.6% from 2011 through 2016 and will reach to $15.3 billion.
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