Allied Market Research

Tire Reinforcement Material Market Is Set to Boom in 2022

Tire Reinforcement Material Market Size is Set to Grow at a Remarkable Pace in the Coming Years


Portland, OR -- (SBWIRE) -- 07/11/2017 -- Adhesives are used to join most composites and plastic materials. They are known for improving stress distribution and expanding the choices of composites and dissimilar substrates throughout the vehicle. Adhesive is the most versatile bonding agent available today and is used by vehicle manufacturers to make cars lighter and tougher. Moreover, adhesives are made from precise blends of synthetic rubber elastomers, resins, and additives, such as photo initiators and stabilizers, which enhance the characteristics of tire reinforcement material. In addition, currently automobile manufacturers glue aluminum and composites together so that vehicle body parts are intact even at top speed and high pressure. Adhesives do not lose strength and hence are used for these applications. Furthermore, their bonding renders the vehicles noise free, durable, and safe by replacing conventional joining techniques, such as welding, riveting, and bolting.

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Growth in the automotive industry, owing to the increase in sales of passenger and commercial vehicles majorly drives the market. Moreover, rise in use of rayon and steel in the belts of car by automobile manufacturers, further leads to market growth. In addition, apart from belt textile, rayon is widely used for carcass reinforcement (made up of one layer of metal reinforcing elements). However, volatile prices of raw materials, such as rubber (accounting for 60% composition) for tire manufacturing pose a major threat in the tire reinforcement materials market. In addition, the rise in crude oil prices is expected to deter the market growth as crude oil derivatives such as carbon black, and nylon are used in tire manufacturing.

Tire Reinforcement Material Market Key Segments:

By Type
- Tire Cord Fabric
- Tire Bead Wire

By Material
- Steel Tire
- Polyester Tire
- Rayon
- Nylon
- Others (Rubber, Fabric, and Carbon Black)

By Geography
- North America
o U.S.
o Canada
o Mexico

- Europe
o Germany
o Spain
o UK
o Russia
o France
o Rest of Europe

- Asia-Pacific
o China
o India
o Japan
o Australia
o Korea
o Rest of Asia-Pacific

o Brazil
o Turkey
o South Africa
o Rest of LAMEA

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