Tire Reinforcement Materials Market

Market Overview:

The global tire reinforcement materials market grew at a CAGR of around 5% during 2015-2020. 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. Looking forward, IMARC Group expects the global tire reinforcement materials market to exhibit moderate growth during the next five 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 for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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 A.?. (Hac? Ömer Sabanc? Holding A.?.), NV Bekaert S.A., SRF Limited (Kama Holdings Ltd.), Teijin Limited, Toray Industries Inc. and Toyobo Co. Ltd.

Key Questions Answered in This Report:

• How has the global tire reinforcement materials market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global tire reinforcement materials market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the material type?
• What is the breakup of the market based on the tire type?
• What is the breakup of the market based on the vehicle type?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global tire reinforcement materials market and who are the key players?
• What is the degree of competition in the industry?

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 A.?. (Hac? Ömer Sabanc? Holding A.?.)
              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 Figures

Figure 1: Global: Tire Reinforcement Materials Market: Major Drivers and Challenges
Figure 2: Global: Tire Reinforcement Materials Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Tire Reinforcement Materials Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Tire Reinforcement Materials Market: Breakup by Product Type (in %), 2020
Figure 5: Global: Tire Reinforcement Materials Market: Breakup by Material Type (in %), 2020
Figure 6: Global: Tire Reinforcement Materials Market: Breakup by Tire Type (in %), 2020
Figure 7: Global: Tire Reinforcement Materials Market: Breakup by Vehicle Type (in %), 2020
Figure 8: Global: Tire Reinforcement Materials Market: Breakup by Application (in %), 2020
Figure 9: Global: Tire Reinforcement Materials Market: Breakup by Region (in %), 2020
Figure 10: Global: Tire Reinforcement Materials (Tire Cord Fabric) Market: Sales Value (in Million US$), 2015-2020
Figure 11: Global: Tire Reinforcement Materials (Tire Cord Fabric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Tire Reinforcement Materials (Tire Bead Wire) Market: Sales Value (in Million US$), 2015-2020
Figure 13: Global: Tire Reinforcement Materials (Tire Bead Wire) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Tire Reinforcement Materials (Steel) Market: Sales Value (in Million US$), 2015-2020
Figure 15: Global: Tire Reinforcement Materials (Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Tire Reinforcement Materials (Polyester) Market: Sales Value (in Million US$), 2015-2020
Figure 17: Global: Tire Reinforcement Materials (Polyester) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Tire Reinforcement Materials (Nylon) Market: Sales Value (in Million US$), 2015-2020
Figure 19: Global: Tire Reinforcement Materials (Nylon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Tire Reinforcement Materials (Rayon) Market: Sales Value (in Million US$), 2015-2020
Figure 21: Global: Tire Reinforcement Materials (Rayon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Tire Reinforcement Materials (Aramid) Market: Sales Value (in Million US$), 2015-2020
Figure 23: Global: Tire Reinforcement Materials (Aramid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Tire Reinforcement Materials (Others) Market: Sales Value (in Million US$), 2015-2020
Figure 25: Global: Tire Reinforcement Materials (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Tire Reinforcement Materials (Radial Tire) Market: Sales Value (in Million US$), 2015-2020
Figure 27: Global: Tire Reinforcement Materials (Radial Tire) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Tire Reinforcement Materials (Bias Tire) Market: Sales Value (in Million US$), 2015-2020
Figure 29: Global: Tire Reinforcement Materials (Bias Tire) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Tire Reinforcement Materials (Passenger Cars) Market: Sales Value (in Million US$), 2015-2020
Figure 31: Global: Tire Reinforcement Materials (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Tire Reinforcement Materials (Commercial Vehicle) Market: Sales Value (in Million US$), 2015-2020
Figure 33: Global: Tire Reinforcement Materials (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Tire Reinforcement Materials (Others) Market: Sales Value (in Million US$), 2015-2020
Figure 35: Global: Tire Reinforcement Materials (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Tire Reinforcement Materials (OEMs) Market: Sales Value (in Million US$), 2015-2020
Figure 37: Global: Tire Reinforcement Materials (OEMs) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Tire Reinforcement Materials (Aftermarket) Market: Sales Value (in Million US$), 2015-2020
Figure 39: Global: Tire Reinforcement Materials (Aftermarket) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: North America: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 41: North America: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: North America: Tire Reinforcement Materials Market: Breakup by Country (in %), 2020
Figure 43: United States: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 44: United States: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Canada: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 46: Canada: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Asia-Pacific: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 48: Asia-Pacific: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Asia-Pacific: Tire Reinforcement Materials Market: Breakup by Country (in %), 2020
Figure 50: China: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 51: China: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Japan: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 53: Japan: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: India: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 55: India: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: South Korea: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 57: South Korea: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Australia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 59: Australia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Indonesia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 61: Indonesia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 63: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Europe: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 65: Europe: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Europe: Tire Reinforcement Materials Market: Breakup by Country (in %), 2020
Figure 67: Germany: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 68: Germany: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: France: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 70: France: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: United Kingdom: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 72: United Kingdom: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Italy: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 74: Italy: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Spain: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 76: Spain: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Russia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 78: Russia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 80: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Latin America: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 82: Latin America: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Latin America: Tire Reinforcement Materials Market: Breakup by Country (in %), 2020
Figure 84: Brazil: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 85: Brazil: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Mexico: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 87: Mexico: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 89: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Middle East and Africa: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2015-2020
Figure 91: Middle East and Africa: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Middle East and Africa: Tire Reinforcement Materials Market: Breakup by Country (in %), 2020
Figure 93: Global: Tire Reinforcement Materials Industry: SWOT Analysis
Figure 94: Global: Tire Reinforcement Materials Industry: Value Chain Analysis
Figure 95: Global: Tire Reinforcement Materials Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Tire Reinforcement Materials Market: Key Industry Highlights, 2021 and 2026
Table 2: Global: Tire Reinforcement Materials Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Tire Reinforcement Materials Market Forecast: Breakup by Material Type (in Million US$), 2021-2026
Table 4: Global: Tire Reinforcement Materials Market Forecast: Breakup by Tire Type (in Million US$), 2021-2026
Table 5: Global: Tire Reinforcement Materials Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 6: Global: Tire Reinforcement Materials Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: Global: Tire Reinforcement Materials Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Tire Reinforcement Materials Market: Competitive Structure
Table 9: Global: Tire Reinforcement Materials Market: Key Players