Tire Reinforcement Materials Market to offer a healthy CAGR of 5.2% during 2020-25
February 17, 2020
Tire Reinforcement Materials Market Overview:
Tire reinforcement materials market is likely to witness an impressive CAGR of 5.2% during the forecast period. The growth in automotive sector and enhanced properties of reinforced tires drive the tire reinforced materials market globally.
Report Overview:
This new report from Stratview Research analyses the Tire Reinforcement Materials Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Tire Reinforcement Materials Market Segment Insights:
Type: tire cord fabric and tire bead wire
Based on the type, the market has been segmented as tire cord fabric and tire bead wire. Tire cord fabric renders load bearing capacity, shape, and abrasion tolerance to tires. These fabrics are thermal resistant and are capable of strongly bonding with rubber.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/611/tire-reinforcement-materials-market.html
A highly/moderately/fragment consolidated Market
Some of the tire reinforcement material manufacturers are Hyosung Corporation, Michelin, Bekaert, Toray Industries Inc., and Kolon Industries Inc.
Region: Asia-Pacific is expected to remain the largest market
In terms of regions, Asia-Pacific is expected to remain the largest market for tire reinforcement materials in the coming five years. China and India are the growth engines of the region. The market is driven by the increasing demand for automobiles and rising disposable income. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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