Title: Tire Reinforcement Materials Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026
1Tire Reinforcement Materials MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 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.
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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.
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By Distribution Channel- Segment Analysis Nylon
segment held the significant share in the tire
reinforcement materials market in the year 2020
and is growing at a CAGR of 4.1 during the
forecast period. Nylon tires are preferred due to
the advantages offered by them such as great
strength, good fatigue resistance, higher
toughness and adhesion to rubber. Nylon tires are
also excellent moisture resistant, which helps in
expanding the life expectancy of the tires.
Furthermore, they also exhibit high tenacity and
durability.
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- Tire Reinforcement Materials Market Industry
Outlook - Bekaert
- Century Enka Limited
- Michelin
- Bridgestone Corporation,
- Toray Industries
- Kordsa Global
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Tire Reinforcement Materials Market -
Forecast(2021 - 2026) Learn More About the
Report _at_ https//www.industryarc.com/Research/Ti
re-Reinforcement-Materials-Market-Research-503089
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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