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Tire Reinforcement Materials Market Report by Product Type, Material Type, Tire Type, Vehicle Type, Application, and Region 2024-2032

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    Report

  • 145 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5901286
Description Jump to:
The global tire reinforcement materials market size reached US$ 16.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 22.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.65% during 2023-2032.

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.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global tire reinforcement materials market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on 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 AS (Haci Ömer Sabanci Holding AS), NV Bekaert S.A., SRF Limited (Kama Holdings Ltd.), Teijin Limited, Toray Industries Inc. and Toyobo Co. Ltd.

Key Questions Answered in This Report

1. How big is the global tire reinforcement materials market?
2. What is the expected growth rate of the global tire reinforcement materials market during 2024-2032?
3. What are the key factors driving the global tire reinforcement materials market?
4. What has been the impact of COVID-19 on the global tire reinforcement materials market?
5. What is the breakup of the global tire reinforcement materials market based on the product type?
6. What is the breakup of the global tire reinforcement materials market based on the material type?
7. What is the breakup of the global tire reinforcement materials market based on the tire type?
8. What is the breakup of the global tire reinforcement materials market based on the vehicle type?
9. What is the breakup of the global tire reinforcement materials market based on the application?
10. What are the key regions in the global tire reinforcement materials market?
11. Who are the key players/companies in the global tire reinforcement materials market?

Table of Contents

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 AS (Haci Ömer Sabanci Holding AS)
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$), 2018-2023
Figure 3: Global: Tire Reinforcement Materials Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Tire Reinforcement Materials Market: Breakup by Product Type (in %), 2023
Figure 5: Global: Tire Reinforcement Materials Market: Breakup by Material Type (in %), 2023
Figure 6: Global: Tire Reinforcement Materials Market: Breakup by Tire Type (in %), 2023
Figure 7: Global: Tire Reinforcement Materials Market: Breakup by Vehicle Type (in %), 2023
Figure 8: Global: Tire Reinforcement Materials Market: Breakup by Application (in %), 2023
Figure 9: Global: Tire Reinforcement Materials Market: Breakup by Region (in %), 2023
Figure 10: Global: Tire Reinforcement Materials (Tire Cord Fabric) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Tire Reinforcement Materials (Tire Cord Fabric) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Tire Reinforcement Materials (Tire Bead Wire) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Tire Reinforcement Materials (Tire Bead Wire) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Tire Reinforcement Materials (Steel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Tire Reinforcement Materials (Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Tire Reinforcement Materials (Polyester) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Tire Reinforcement Materials (Polyester) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Tire Reinforcement Materials (Nylon) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Tire Reinforcement Materials (Nylon) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Tire Reinforcement Materials (Rayon) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Tire Reinforcement Materials (Rayon) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Tire Reinforcement Materials (Aramid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Tire Reinforcement Materials (Aramid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Tire Reinforcement Materials (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Tire Reinforcement Materials (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Tire Reinforcement Materials (Radial Tire) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Tire Reinforcement Materials (Radial Tire) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Tire Reinforcement Materials (Bias Tire) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Tire Reinforcement Materials (Bias Tire) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Tire Reinforcement Materials (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Tire Reinforcement Materials (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Tire Reinforcement Materials (Commercial Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Tire Reinforcement Materials (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Tire Reinforcement Materials (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Tire Reinforcement Materials (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Tire Reinforcement Materials (OEMs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Tire Reinforcement Materials (OEMs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Tire Reinforcement Materials (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Tire Reinforcement Materials (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: North America: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: North America: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: United States: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: United States: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Canada: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Canada: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Asia-Pacific: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Asia-Pacific: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: China: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: China: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Japan: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Japan: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: India: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: India: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: South Korea: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: South Korea: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Australia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Australia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Indonesia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Indonesia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Europe: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Europe: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Germany: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Germany: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: France: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: France: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: United Kingdom: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: United Kingdom: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Italy: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Italy: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Spain: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Spain: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Russia: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Russia: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Latin America: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Latin America: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Brazil: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Brazil: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Mexico: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Mexico: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Others: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Others: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Middle East and Africa: Tire Reinforcement Materials Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Middle East and Africa: Tire Reinforcement Materials Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Middle East and Africa: Tire Reinforcement Materials Market: Breakup by Country (in %), 2023
Figure 89: Global: Tire Reinforcement Materials Industry: SWOT Analysis
Figure 90: Global: Tire Reinforcement Materials Industry: Value Chain Analysis
Figure 91: Global: Tire Reinforcement Materials Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Tire Reinforcement Materials Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Tire Reinforcement Materials Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Tire Reinforcement Materials Market Forecast: Breakup by Material Type (in Million US$), 2024-2032
Table 4: Global: Tire Reinforcement Materials Market Forecast: Breakup by Tire Type (in Million US$), 2024-2032
Table 5: Global: Tire Reinforcement Materials Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 6: Global: Tire Reinforcement Materials Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 7: Global: Tire Reinforcement Materials Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Tire Reinforcement Materials Market: Competitive Structure
Table 9: Global: Tire Reinforcement Materials Market: Key Players

Companies Mentioned

  • Bridgestone Corporation
  • Century Enka Limited
  • Cordenka GmbH & Co. KG
  • Dupont De Nemours Inc.
  • Formosa Taffeta Co. Ltd.
  • Kolon Industries Inc.
  • Kordsa Teknik Tekstil AS (Haci Ömer Sabanci Holding AS)
  • NV Bekaert S.A.
  • SRF Limited (Kama Holdings Ltd.)
  • Teijin Limited
  • Toray Industries Inc.
  • Toyobo Co. Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages145
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 16 Billion
Forecasted Market Value ( USD ) by 2032 $ 22.1 Billion
Compound Annual Growth Rate3.7%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Tire Reinforcement Materials Market

The Tire Reinforcement Materials market is an important part of the Automotive Tires industry. It includes materials such as steel, nylon, polyester, and rayon, which are used to reinforce the tire structure and provide strength and durability. Steel is the most commonly used reinforcement material, as it is strong and cost-effective. Nylon is also widely used, as it is lightweight and provides good heat resistance. Polyester and rayon are used for their flexibility and strength. The Tire Reinforcement Materials market is driven by the increasing demand for automotive tires, as well as the need for improved performance and safety. The market is expected to grow in the coming years, as manufacturers focus on developing new materials and technologies to improve tire performance. Some of the major companies in the Tire Reinforcement Materials market include Bridgestone, Continental, Goodyear, Michelin, Pirelli, Sumitomo, and Yokohama. Show Less Read more

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