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