Tire Reinforcement Materials: Technologies and Global Markets
October 04, 2011
Wellesley, Mass. – In a recent release, TIRE REINFORCEMENT MATERIALS: TECHNOLOGIES AND GLOBAL MARKETS (AVM077A) from BCC Research (www.bccresearch.com), the global market for tire reinforcement materials totaled $12.9 billion in 2011, and is expected to hold a value of nearly $15.4 billion in 2016, increasing at a five-year compound annual growth rate (CAGR) of 3.6%.
The global market for tire reinforcement materials can be broken down into two segments – tire cord fabric and tire bead wire.
The segment made up of tire cord fabrics held a value of $10.4 billion in 2011, and is expected to increase at a CAGR of 3.5% to reach $12.3 billion in 2016.
The segment comprised of tire bead wire held a value of $2.5 billion in 2011, and is expected to increase at a CAGR of 4% to reach $3 billion in 2016.
Tire reinforcement materials include steel cord fabric, steel wire, polyester cord fabric, rayon cord fabric, nylon cord fabric, aramid cord fabric, and PEN cord fabric used for manufacturing carcasses, belt plies, cap plies, and bead in tires for automobiles, bicycles, motorcycles, and other vehicles.
Topics discussed within the report include types and advanced technologies of tire reinforcement materials manufacturing processes, key properties and advanced technologies of raw materials, commercial applications in which these materials are used, and current consumption and future demand for these materials in several regions.
Significant trends of the tire reinforcement materials market include weight reduction, strength improvement, noise reduction, cost-performance improvements, and recyclable abilities. They will affect the growth of the tire reinforcement materials market.
The intended audience of this report is tire cord fabric manufacturers, technical fiber producers, technical textile producers, steel wire and steel filament producers, and tire manufacturers. Automobile producers, steel makers, and chemical suppliers also will be interested in this report.
Tire Reinforcement Materials: Technologies and Global Markets( AVM077A )
Publish Date: Sep 2011
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.
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