Global Tire Reinforcement Materials Market Research Report 2019 (Includes Business Impact of COVID-19)

                                          
"The ongoing Coronavirus (COVID-19) pandemic is re-shaping everything from global economies to product categories, pricing, and stock availability to the consumer behavior. The final report is updated to address the impact of COVID-19 on the Tire Reinforcement Materials market.

Trusted Business Insights is tracking mining/oil and gas, transportation, employment services, travel arrangements, and the leisure and hospitality sector closely as they are likely to be the hardest-hit sectors. Utilities, local pharma, diagnostics, consumer goods and durables, agro chem and fertilizers, and telecommunications are the sectors that will be weathering the COVID-19 storm and most likely come out relatively unscathed. Interdependencies of sectors are factored in our research report on the Tire Reinforcement Materials market."
Tire reinforcement materials includes steel tire cord fabric, steel bead wire, polyester tire cord fabric, nylon tire cord fabric, rayon tire cord fabric, aramid tire cord fabric, PEN tire cord fabric, and hybrid reinforcement materials.
Reinforced tires are rigid, offer stability, better traction, greater adhesion properties, and are more resistant to mechanical damage. Besides the capability to carry the extra load, these tires have a longer life than normal tires and are not prone to internal damages. Reinforced tires have more usage in vans, trucks, estate cars, sports cars, and delivery vehicles as they can withstand higher pressure and increased load capacity. Several reinforcement materials used in tires include steel cord fabric, steel bead wire, polyester cord fabric, rayon cord fabric, aramid cord fabric, nylon cord fabric, and other materials. These materials confer structural, mechanical, and physical properties to tires. The latest development in the market is the growing demand for eco-friendly tires, which has compelled vendors to shift towards the usage of natural and recycled materials like ground rubber, orange oil, and low-aromatic oils to manufacture tires.
APAC dominated the global market for tire reinforcement materials in 2017and will sustain its market share during the forecast period. The rising number of passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two wheelers, and three wheelers in this region drives the markets overall growth prospects. Furthermore, with the growing preference for a better driving experience, the demand for tire reinforcement materials will increase substantially over the next four years.

The global Tire Reinforcement Materials market is valued at 12600 million US$ in 2018 is expected to reach 16300 million US$ by the end of 2025, growing at a CAGR of 3.2% during 2019-2025.
This report focuses on Tire Reinforcement Materials volume and value at global level, regional level and company level. From a global perspective, this report represents overall Tire Reinforcement Materials market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:
    Bekaert
    Kolon Industries
    Toray Industries
    Milliken & Company
    CORDENKA
    Tokusen Kogyo
    ...

Segment by Regions
    North America
    Europe
    China
    Japan

Segment by Type
    Steel
    Polyester
    Rayon
    Nylon

Segment by Application
    Tire Cord Fabric
    Tire Bead Wire