The North America tire reinforcement materials market is expected to register a CAGR of 5.08% during the forecast period, 2021-2028. The market growth is attributed to the rising number of commercial vehicles like off-road vehicles, construction equipment vehicles, and heavy-duty trucks. Also, strict government regulations in terms of emissions and vehicle safety influence the demand for tires.
NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET FORECAST 2021-2028
North America Tire Reinforcement Market by Type (Tire Cord Fabric, Tire Bead Wire) Market by Material (Steel, Polyester, Rayon, Nylon, Others) Market by Tire Distribution Channel (OEM (Original Equipment Manufacturer) Market, Replacement Market) by Geography
The North America tire reinforcement materials market is expected to register a CAGR of 5.08% during the forecast period, 2021-2028. The market growth is attributed to the rising number of commercial vehicles like off-road vehicles, construction equipment vehicles, and heavy-duty trucks. Also, strict government regulations in terms of emissions and vehicle safety influence the demand for tires.
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The North America tire reinforcement materials market growth analysis includes the evaluation of Canada and the United States. The United States, a technologically advanced country, attracts major automakers and tire manufacturers. Most consumers are adopting autonomous vehicles. At the same time, there are reliability issues due to instances like the failure of Tesla cars. As a result, there is a rising demand for alternatives for safety features, like smart tires. In addition, tire pressure monitoring systems are increasingly adopted in the country. Furthermore, the demand for longer wearing & lower power-loss tires and the energy crisis has led to the trend of radial tires. Such factors drive market growth.
DuPont is a chemical company that offers products and services for markets like safety & protection, communications, electronics, nutrition, and agriculture. The company is known for its innovative products. It operates in Asia-Pacific, the Middle East, Europe, Africa, Latin America, and North America. The company is headquartered in Wilmington, Delaware.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- PARENT MARKET ANALYSIS: TIRE INDUSTRY
- KEY DRIVERS
- DEMAND FROM THE AUTOMOTIVE INDUSTRY
- ENHANCED PROPERTIES OF REINFORCED TIRES
- USE OF ADVANCED TECHNOLOGY IN THE MANUFACTURING PROCESS
- KEY RESTRAINTS
- SLOWDOWN DUE TO THE GROWTH IN THE RETREADING OF TIRES
- EFFECTS OF VOLATILE PRICES OF RAW MATERIALS ON TIRE INDUSTRY
- KEY ANALYTICS
- IMPACT OF COVID-19 ON TIRE REINFORCEMENT MATERIALS MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY TYPE
- TIRE CORD FABRIC
- TIRE BEAD WIRE
- MARKET BY MATERIAL
- STEEL
- POLYESTER
- RAYON
- NYLON
- OTHERS
- MARKET BY TIRE DISTRIBUTION CHANNEL
- OEM (ORIGINAL EQUIPMENT MANUFACTURER) MARKET
- REPLACEMENT MARKET
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- BEKAERT SA
- CENTURY ENKA LIMITED
- CORDENKA GMBH & CO KG
- DUPONT
- FORMOSA TAFFETA CO LTD
- HBT RUBBER INDUSTRIAL CO LTD
- HYOSUNG CORPORATION
- JIANGSU XINGDA STEEL TIRE CORD CO LTD
- KOLON INDUSTRIES INC
- KORDSA TEKNIK TEKSTIL AS
- MICHELIN
- SHENMA INDUSTRIAL CO LTD
- SHINKONG SYNTHETIC FIBERS CORPORATION
- SRF LIMITED
- TATA STEEL
- TEIJIN LIMITED
- TORAY INDUSTRIES INC
- TOYOBO CO LTD
- KEY STRATEGIC DEVELOPMENTS
TABLE LIST
TABLE 1: MARKET SNAPSHOT – TIRE REINFORCEMENT MATERIALS
TABLE 2: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: STEEL CORD FILAMENTS AND THEIR TENSILE STRENGTHS
TABLE 7: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 8: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE DISTRIBUTION CHANNEL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 10: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 11: LIST OF MERGERS & ACQUISITIONS
TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
FIGURE LIST
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
FIGURE 6: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE CORD FABRIC, 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE BEAD WIRE, 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2020
FIGURE 9: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY STEEL, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY POLYESTER, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY RAYON, 2021-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY NYLON, 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY TIRE DISTRIBUTION CHANNEL, IN 2020
FIGURE 15: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY OEM MARKET, 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY REPLACEMENT MARKET, 2021-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: UNITED STATES TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 19: CANADA TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- MARKET BY TYPE
- TIRE CORD FABRIC
- TIRE BEAD WIRE
- MARKET BY MATERIAL
- STEEL
- POLYESTER
- RAYON
- NYLON
- OTHERS
- MARKET BY TIRE DISTRIBUTION CHANNEL
- OEM (ORIGINAL EQUIPMENT MANUFACTURER) MARKET
- REPLACEMENT MARKET
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