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PUBLISHER: IMARC | PRODUCT CODE: 1541236
PUBLISHER: IMARC | PRODUCT CODE: 1541236
Tire Reinforcement Materials Market Report by Product Type, Material Type, Tire Type, Vehicle Type, Application, and Region 2024-2032
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PAGES: 145 Pages
DELIVERY TIME: 2-3 business days
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The global tire reinforcement materials market size reached US$ 16.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
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 2024-2032. 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 Omer 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 2024-2032?
- 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?
Product Code: SR112024A3115
Table of Contents
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
- 11.1.1 United States
- 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
- 11.2.1 China
- 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
- 11.3.1 Germany
- 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
- 11.4.1 Brazil
- 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 Omer 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
- 16.3.1 Bridgestone Corporation
Product Code: SR112024A3115
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$), 2018-2023
- Figure 3: Global: Tire Reinforcement Materials Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Tire Reinforcement Materials Market: Breakup by Product Type (in %), 2023
- Figure 5: Global: Tire Reinforcement Materials Market: Breakup by Material Type (in %), 2023
- Figure 6: Global: Tire Reinforcement Materials Market: Breakup by Tire Type (in %), 2023
- Figure 7: Global: Tire Reinforcement Materials Market: Breakup by Vehicle Type (in %), 2023
- Figure 8: Global: Tire Reinforcement Materials Market: Breakup by Application (in %), 2023
- Figure 9: Global: Tire Reinforcement Materials Market: Breakup by Region (in %), 2023
- Figure 10: Global: Tire Reinforcement Materials (Tire Cord Fabric) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Tire Reinforcement Materials (Tire Cord Fabric) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Tire Reinforcement Materials (Tire Bead Wire) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Tire Reinforcement Materials (Tire Bead Wire) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Tire Reinforcement Materials (Steel) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Tire Reinforcement Materials (Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Tire Reinforcement Materials (Polyester) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Tire Reinforcement Materials (Polyester) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Tire Reinforcement Materials (Nylon) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Tire Reinforcement Materials (Nylon) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Tire Reinforcement Materials (Rayon) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Tire Reinforcement Materials (Rayon) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Tire Reinforcement Materials (Aramid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Tire Reinforcement Materials (Aramid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Tire Reinforcement Materials (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Tire Reinforcement Materials (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Tire Reinforcement Materials (Radial Tire) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Tire Reinforcement Materials (Radial Tire) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Tire Reinforcement Materials (Bias Tire) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Tire Reinforcement Materials (Bias Tire) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Tire Reinforcement Materials (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Tire Reinforcement Materials (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Tire Reinforcement Materials (Commercial Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Tire Reinforcement Materials (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Tire Reinforcement Materials (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Tire Reinforcement Materials (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: Tire Reinforcement Materials (OEMs) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: Tire Reinforcement Materials (OEMs) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Global: Tire Reinforcement Materials (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Global: Tire Reinforcement Materials (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: North America: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: North America: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: United States: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: United States: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Canada: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Canada: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Asia-Pacific: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Asia-Pacific: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: China: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: China: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Japan: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Japan: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: India: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: India: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: South Korea: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: South Korea: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Australia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Australia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Indonesia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Indonesia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Europe: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Europe: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Germany: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Germany: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: France: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: France: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: United Kingdom: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: United Kingdom: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Italy: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Italy: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Spain: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Spain: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Russia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Russia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Latin America: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Latin America: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Brazil: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Brazil: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Mexico: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Mexico: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 85: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Middle East and Africa: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 87: Middle East and Africa: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 88: Middle East and Africa: Tire Reinforcement Materials Market: Breakup by Country (in %), 2023
- 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
List of Tables
- Table 1: Global: Tire Reinforcement Materials Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Tire Reinforcement Materials Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 3: Global: Tire Reinforcement Materials Market Forecast: Breakup by Material Type (in Million US$), 2024-2032
- Table 4: Global: Tire Reinforcement Materials Market Forecast: Breakup by Tire Type (in Million US$), 2024-2032
- Table 5: Global: Tire Reinforcement Materials Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
- Table 6: Global: Tire Reinforcement Materials Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 7: Global: Tire Reinforcement Materials Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 8: Global: Tire Reinforcement Materials Market: Competitive Structure
- Table 9: Global: Tire Reinforcement Materials Market: Key Players
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