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Tire Reinforcement Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 141 pages | ID: TB19383279CDEN
IMARC Group

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The global tire reinforcement materials market size reached US$ 15.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2022-2028.
Tire reinforcement materials, such as beads and fabric cords, are widely utilized to provide high durability, stiffness, tensile strength, adhesion to rubber and compression modulus. These materials are employed depending on their cost, construction, chemical composition and the number of plies in tires. For instance, steel cords find application in passenger car and truck radial tires to generate handling force, improve traction and enhance the overall tire performance. Moreover, beads manufactured using steel wires and additives are used as reinforcement materials. They are coated with alloys to provide resistance against load distortion, rim slippage and breakage during mounting. At present, the demand for tire reinforcement materials is increasing worldwide as they keep tires in shape, support vehicle weight and improve the functionality of tires.
The escalating demand for run-flat and ultra-high-speed tires is positively influencing the adoption of textile cords in bicycles, earthmovers, heavy-duty trucks and space shuttle landing gear. Moreover, as steel cords help reduce rolling resistance, increase tread life and improve fuel efficiency, they find application in sport utility vehicles (SUVs) and light truck (LT) tires. Furthermore, the growing number of construction and mining activities are promoting the usage of tire reinforcement materials as they provide protection against punctures in off-the-road (OTR) vehicles. The rising sales of automobiles, the introduction of super high tensile bead wires and stringent regulations implemented by governing agencies of various countries on the fuel economy of vehicles are some of the other factors anticipated to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tire reinforcement materials market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, material type, tire type, vehicle type and application.
Breakup by Product Type:
Tire Cord Fabric
Tire Bead Wire
Breakup by Material Type:
Steel
Polyester
Nylon
Rayon
Aramid
Others
Breakup by Tire Type:
Radial Tire
Bias Tire
Breakup by Vehicle Type:
Passenger Cars
Commercial Vehicle
Others
Breakup by Application:
OEMs
Aftermarket
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bridgestone Corporation, Century Enka Limited, Cordenka GmbH & Co. KG, Dupont De Nemours Inc., Formosa Taffeta Co. Ltd., Kolon Industries Inc., Kordsa Teknik Tekstil AS (Haci Цmer Sabanci Holding AS), NV Bekaert S.A., SRF Limited (Kama Holdings Ltd.), Teijin Limited, Toray Industries Inc. and Toyobo Co. Ltd.
Key Questions Answered in This Report
1. How big is the global tire reinforcement materials market?
2. What is the expected growth rate of the global tire reinforcement materials market during 2023-2028?
3. What are the key factors driving the global tire reinforcement materials market?
4. What has been the impact of COVID-19 on the global tire reinforcement materials market?
5. What is the breakup of the global tire reinforcement materials market based on the product type?
6. What is the breakup of the global tire reinforcement materials market based on the material type?
7. What is the breakup of the global tire reinforcement materials market based on the tire type?
8. What is the breakup of the global tire reinforcement materials market based on the vehicle type?
9. What is the breakup of the global tire reinforcement materials market based on the application?
10. What are the key regions in the global tire reinforcement materials market?
11. Who are the key players/companies in the global tire reinforcement materials market?
1 PREFACE


2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY


4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL TIRE REINFORCEMENT MATERIALS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Tire Cord Fabric
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Tire Bead Wire
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY MATERIAL TYPE

7.1 Steel
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Polyester
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Nylon
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Rayon
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Aramid
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Others
  7.6.1 Market Trends
  7.6.2 Market Forecast

8 MARKET BREAKUP BY TIRE TYPE

8.1 Radial Tire
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Bias Tire
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY VEHICLE TYPE

9.1 Passenger Cars
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Commercial Vehicle
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Others
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY APPLICATION

10.1 OEMs
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Aftermarket
  10.2.1 Market Trends
  10.2.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS


14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS


16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Bridgestone Corporation
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 Century Enka Limited
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 Financials
  16.3.3 Cordenka GmbH & Co. KG
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
  16.3.4 Dupont De Nemours Inc.
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
  16.3.5 Formosa Taffeta Co. Ltd.
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
  16.3.6 Kolon Industries Inc.
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
    16.3.6.4 SWOT Analysis
  16.3.7 Kordsa Teknik Tekstil AS (Haci Цmer Sabanci Holding AS)
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
  16.3.8 NV Bekaert S.A.
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
  16.3.9 SRF Limited (Kama Holdings Ltd.)
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10 Teijin Limited
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
    16.3.10.3 Financials
    16.3.10.4 SWOT Analysis
  16.3.11 Toray Industries Inc.
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
    16.3.11.3 Financials
    16.3.11.4 SWOT Analysis
  16.3.12 Toyobo Co. Ltd.
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio
    16.3.12.3 Financials
    16.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Tire Reinforcement Materials Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Tire Reinforcement Materials Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Tire Reinforcement Materials Market Forecast: Breakup by Material Type (in Million US$), 2023-2028
Table 4: Global: Tire Reinforcement Materials Market Forecast: Breakup by Tire Type (in Million US$), 2023-2028
Table 5: Global: Tire Reinforcement Materials Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 6: Global: Tire Reinforcement Materials Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: Tire Reinforcement Materials Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Tire Reinforcement Materials Market: Competitive Structure
Table 9: Global: Tire Reinforcement Materials Market: Key Players

LIST OF FIGURES

Figure 1: Global: Tire Reinforcement Materials Market: Major Drivers and Challenges
Figure 2: Global: Tire Reinforcement Materials Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Tire Reinforcement Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Tire Reinforcement Materials Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Tire Reinforcement Materials Market: Breakup by Material Type (in %), 2022
Figure 6: Global: Tire Reinforcement Materials Market: Breakup by Tire Type (in %), 2022
Figure 7: Global: Tire Reinforcement Materials Market: Breakup by Vehicle Type (in %), 2022
Figure 8: Global: Tire Reinforcement Materials Market: Breakup by Application (in %), 2022
Figure 9: Global: Tire Reinforcement Materials Market: Breakup by Region (in %), 2022
Figure 10: Global: Tire Reinforcement Materials (Tire Cord Fabric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Tire Reinforcement Materials (Tire Cord Fabric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Tire Reinforcement Materials (Tire Bead Wire) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Tire Reinforcement Materials (Tire Bead Wire) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Tire Reinforcement Materials (Steel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Tire Reinforcement Materials (Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Tire Reinforcement Materials (Polyester) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Tire Reinforcement Materials (Polyester) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Tire Reinforcement Materials (Nylon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Tire Reinforcement Materials (Nylon) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Tire Reinforcement Materials (Rayon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Tire Reinforcement Materials (Rayon) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Tire Reinforcement Materials (Aramid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Tire Reinforcement Materials (Aramid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Tire Reinforcement Materials (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Tire Reinforcement Materials (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Tire Reinforcement Materials (Radial Tire) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Tire Reinforcement Materials (Radial Tire) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Tire Reinforcement Materials (Bias Tire) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Tire Reinforcement Materials (Bias Tire) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Tire Reinforcement Materials (Passenger Cars) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Tire Reinforcement Materials (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Tire Reinforcement Materials (Commercial Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Tire Reinforcement Materials (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Tire Reinforcement Materials (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Tire Reinforcement Materials (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Tire Reinforcement Materials (OEMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Tire Reinforcement Materials (OEMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Tire Reinforcement Materials (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Tire Reinforcement Materials (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia-Pacific: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia-Pacific: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Middle East and Africa: Tire Reinforcement Materials Market: Breakup by Country (in %), 2022
Figure 89: Global: Tire Reinforcement Materials Industry: SWOT Analysis
Figure 90: Global: Tire Reinforcement Materials Industry: Value Chain Analysis
Figure 91: Global: Tire Reinforcement Materials Industry: Porter's Five Forces Analysis


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