ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET FORECAST 2019-2027

The Asia Pacific tire reinforcement materials market was valued at $xx million in 2018. The market is estimated to rise with the highest CAGR of 4.04% over the forecast period of 2019-2027. Various regulations are imposed on tire manufacturing, especially in developed regions of the Asia Pacific region, which are hindering the growth of the tire reinforcement materials market.

India, China, Japan, South Korea, and Australia are the countries studied for this market along with the Rest of Asia-Pacific segment. The rise in disposable income of the general populace and their increasing preference for buying hybrid tires are primarily driving the market growth. The automotive sector in the APAC region has a significant amount of investments for research and development. In China and India, population growth and the said growth in the automotive industry are expected to drive the market for tires during the forecast period. Japan has a sophisticated market for tires, with Bridgestone being the country’s major manufacturer.

Bekaert, Cordenka GmbH, Shinkong, DuPont, Toray Industries Inc., Century Enka Limited, SRF Limited, Kordsa Global, Michelin, Teijin Limited, Formosa Taffeta Co. Ltd., Shenma Industrial Co. Ltd., Hyosung Corporation, Toyobo, Kolon Industries Inc. and others are some of the leading market players in this region. Also, companies like Apollo tires, MRF tires, and Bridgestone Corporation are hugely contributing to the Asia-Pacific market expansion.

 

TABLE OF CONTENTS
  1. RESEARCH SCOPE
    1. STUDY GOALS
    2. SCOPE OF THE MARKET STUDY
    3. WHO WILL FIND THIS REPORT USEFUL?
    4. STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    1. SOURCES OF DATA
      1. SECONDARY DATA
      2. PRIMARY DATA
    2. TOP-DOWN APPROACH
    3. BOTTOM-UP APPROACH
    4. DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    1. MARKET SUMMARY
    2. KEY FINDINGS
      1. INCREASE IN AUTOMOTIVE SALES ACROSS DIFFERENT SEGMENTS
      2. FLUCTUATING COSTS OF RAW MATERIAL
      3. RISE IN COMPETITION AMONG TIRE MANUFACTURERS
  4. MARKET DYNAMICS
    1. MARKET SCOPE & DEFINITION
    2. MARKET DRIVERS
      1. GROWTH IN AUTOMOTIVE INDUSTRY
      2. ECONOMIC GROWTH IN ASIA PACIFIC
      3. ENHANCED PROPERTIES OF REINFORCED TIRES
    3. MARKET RESTRAINTS
      1. STRINGENT GOVERNMENT REGULATIONS
    4. MARKET OPPORTUNITIES
      1. EVOLUTION OF HIGH-PERFORMANCE TIRES
    5. MARKET CHALLENGES
      1. EVER CHANGING RAW MATERIAL PRICES
      2. EXCESS PRODUCTION CAPABILITIES IN CHINA
  5. MARKET BY TYPE
    1. TIRE CORD FABRIC
    2. TIRE BEAD WIRE
  6. MARKET BY MATERIAL
    1. STEEL
    2. POLYESTER
    3. RAYON
    4. NYLON
    5. OTHERS
  7. KEY ANALYTICS
    1. PORTER’S FIVE FORCE MODEL
      1. THREAT OF NEW ENTRANTS
      2. THREAT OF SUBSTITUTE
      3. BARGAINING POWER OF SUPPLIERS
      4. BARGAINING POWER OF BUYERS
      5. INTENSITY OF COMPETITIVE RIVALRY
    2. OPPORTUNITY MATRIX
    3. VENDOR LANDSCAPE
  8. GEOGRAPHICAL ANALYSIS
    1. ASIA PACIFIC
      1. INDIA
      2. CHINA
      3. JAPAN
      4. SOUTH KOREA
      5. AUSTRALIA
      6. REST OF ASIA PACIFIC
  9. COMPANY PROFILES
    1. BEKAERT
    2. CENTURY ENKA LIMITED
    3. MICHELIN
    4. FORMOSA TAFFETA CO. LTD.
    5. HYOSUNG CORPORATION
    6. SHENMA INDUSTRIAL CO. LTD.
    7. TORAY INDUSTRIES INC.
    8. KOLON INDUSTRIES INC.
    9. KORDSA GLOBAL
    10. DUPONT
    11. TEIJIN LIMITED
    12. SRF LIMITED
    13. TOYOBO
    14. CORDENKA GMBH
    15. SHINKONG
LIST OF TABLES

TABLE 1:       ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2:       ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

TABLE 3:       ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, 2019-2027 (IN $ MILLION)

TABLE 4:       STEEL CORD FILAMENTS AND ITS TENSILE STRENGTHS

TABLE 5:       OPPORTUNITY MATRIX

TABLE 6:       VENDOR LANDSCAPE

TABLE 7:       ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1:     ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, 2018 & 2027 (IN %)

FIGURE 2:     DEMAND FOR MOTORCYCLE TIRES BY VOLUME 2016-2021(%)

FIGURE 3:     REAL GDP GROWTH RATE FOR MAJOR COUNTRIES IN ASIA PACIFIC 2014 AND 2015 (%)

FIGURE 4:     PRICE OF RUBBER JANUARY 2016 TO JULY 2016 (US CENTS PER POUND)

FIGURE 5:     ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE CORD FABRIC, 2019-2027 (IN $ MILLION)

FIGURE 6:     ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE BEAD WIRE, 2019-2027 (IN $ MILLION)

FIGURE 7:     ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY STEEL, 2019-2027 (IN $ MILLION)

FIGURE 8:     ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY POLYESTER, 2019-2027 (IN $ MILLION)

FIGURE 9:     ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY RAYON, 2019-2027 (IN $ MILLION)

FIGURE 10:  ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)

FIGURE 11:  ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 12:  PORTER’S FIVE FORCE ANALYSIS

FIGURE 13:  ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 14:  INDIA TIRE REINFORCEMENT MATERIALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 15:  CHINA TIRE REINFORCEMENT MATERIALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16:  JAPAN TIRE REINFORCEMENT MATERIALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17:  SOUTH KOREA TIRE REINFORCEMENT MATERIALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18:  AUSTRALIA TIRE REINFORCEMENT MATERIALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19:  REST OF ASIA PACIFIC TIRE REINFORCEMENT MATERIALS MARKET, 2019-2027 (IN $ MILLION)

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