Tire Reinforcement Materials Market

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Tire Reinforcement Materials Market - Industry
Analysis, Market Size, Share, Trends, Application
Analysis, Growth And Forecast 2021 -
2026
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• Tire Reinforcement Materials Market is expected
  to be valued at 19.3 billion by the end of the
  year 2026 growing at a CAGR of 3.5 during
  2021-2026. 
• The growth in the automobile industry, owing to
  the increase in sales of passenger vehicles and
  commercial vehicles hugely drives the tire
  reinforcement materials market.
• Furthermore, the rise in the use of steel and
  rayon in tire belts of car by automobile
  manufacturers is further fueling the tire
  reinforcement materials market. Reinforcement
  materials like steel tire and tire cord fabric
  provides advantages such as rigidness and
  resistance against abrasion and damage.

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Key Takeaways Asia-Pacific market held the
largest share in the tire reinforcement materials
market owing to the presence of largest
automotive sector especially in the countries
like China, India, and South Korea. The rapid
growth of automobile sector across the globe is
majorly driving the tire reinforcement materials
market. The upsurge in population is estimated to
affect the automobile industry by increasing the
demand for automotive, which is further driving
the tire reinforcement materials market. New
technologies in the automobile industry such as
flat run tires, eco tires, steel tires and
nitrogen using tires are further driving the tire
reinforcement materials market for strengthening
the tire and the sidewalls.
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By Distribution Channel- Segment Analysis Tire
cord fabric segment held the largest share in the
tire reinforcement materials market in the year
2020 and is estimated to grow at the CAGR of 3.2
during the forecast timeframe. Tire cord fabric
is extensively used in tires for passenger cars,
buses, and trucks. Tire cord fabric is a
significant component of tire reinforcement and
it is stronger than fiber materials, as it
provides excellent resistance to heat and
fatigue. Tire cord fabric provides strength to
the tire and helps in maintaining the life period
of the tires. Tire cord fabric is an important
component in withstanding the weight of the
vehicle and providing balance to the vehicle.
Therefore, it is highly driving the tire cord
fabric segment in the tire reinforcement
materials market.
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• Tire Reinforcement Materials Market Industry
  Outlook 
• DuPont
• Hyosung
• SRF Limited.
• Teijin Ltd.
• Toray Hybrid Cord, Inc

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Tire Reinforcement Materials Market - Industry
Analysis, Market Size, Share, Trends, Application
Analysis, Growth And Forecast 2021 - 2026Learn
More About the Report _at_ https//www.industryar
c.com/Research/Tire-Reinforcement-Materials-Market
-Research-503089
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• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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