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CHINA TIRE REINFORCEMENT MATERIALS MARKET FORECAST 2021-2026

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CHINA TIRE REINFORCEMENT MATERIALS MARKET FORECAST 2021-2026

The China tire reinforcement materials market is anticipated to record a CAGR of 6.01% over the estimated period. The market growth of the country is credited to the rising adoption of autonomous vehicles, the increasing industrial investments, and the introduction of new road-testing regulations. The base year considered for the studied market is 2020, and the forecast period is from 2021 to 2026.

CHINA TIRE REINFORCEMENT MATERIALS MARKET FORECAST 2021-2026

China 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

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The China tire reinforcement materials market is anticipated to record a CAGR of 6.01% over the estimated period. The market growth of the country is credited to the rising adoption of autonomous vehicles, the increasing industrial investments, and the introduction of new road-testing regulations. The base year considered for the studied market is 2020, and the forecast period is from 2021 to 2026.

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Tire reinforcement is utilized to stiffen the components of tires, crucial for handling and cornering. Reinforcement materials include polyester, rayon, steel, nylon, and others. Reinforced tires also have a more extended lifespan compared to regular tires and are not susceptible to internal damages. As a result, they offer improved stability, in addition to better adhesion and traction properties.

As the largest market and significant manufacturer of automobiles across the world, China holds a leading position in the global automotive industry. Furthermore, China is expected to witness a high demand for electric vehicles. Electric vehicles are heavier than conventional vehicles due to the weight of the battery. Thus, there is a growing need for stronger reinforcement. Hence, these factors are set to facilitate the market growth in China over the forecasted years.

HBT Rubber Industry Co Ltd, headquartered in China, is a specialized firm integrating the research and development, sales, and manufacture of tire building capsules. The company harbors several types of curing tanks, bladder building machines, as well as rubber sheet production lines, and inspection and testing machines. Its product portfolio includes tire building bladder, bead wire, curing bladder, inner tube, rubber ultrasonic cutter, and reclaim rubber.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON CHINA TIRE REINFORCEMENT MATERIALS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
    4. MARKET BY TYPE
      • TIRE CORD FABRIC
      • TIRE BEAD WIRE
    5. MARKET BY MATERIAL
      • STEEL
      • POLYESTER
      • RAYON
      • NYLON
      • OTHERS
    6. MARKET BY TIRE DISTRIBUTION CHANNEL
      • OEM (ORIGINAL EQUIPMENT MANUFACTURER) MARKET
      • REPLACEMENT MARKET
    7. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGER & ACQUISITIONS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSION
      • COMPANY PROFILES
        • HBT RUBBER INDUSTRIAL CO LTD
        • HYOSUNG CORPORATION
        • JIANGSU XINGDA STEEL TIRE CORD CO LTD
        • SHENMA INDUSTRIAL CO LTD
        • SHINKONG SYNTHETIC FIBERS CORPORATION

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – CHINA TIRE REINFORCEMENT MATERIALS

    TABLE 2: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 4: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 6: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE DISTRIBUTION CHANNEL, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: CHINA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

    FIGURE 5: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE CORD FABRIC, 2021-2026 (IN $ MILLION)

    FIGURE 6: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE BEAD WIRE, 2021-2026 (IN $ MILLION)

    FIGURE 7: CHINA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2020

    FIGURE 8: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY STEEL, 2021-2026 (IN $ MILLION)

    FIGURE 9: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY POLYESTER, 2021-2026 (IN $ MILLION)

    FIGURE 10: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY RAYON, 2021-2026 (IN $ MILLION)

    FIGURE 11: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY NYLON, 2021-2026 (IN $ MILLION)

    FIGURE 12: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY OTHERS, 2021-2026 (IN $ MILLION)

    FIGURE 13: CHINA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY TIRE DISTRIBUTION CHANNEL, IN 2020

    FIGURE 14: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY OEM (ORIGINAL EQUIPMENT MANUFACTURER) MARKET, 2021-2026 (IN $ MILLION)

    FIGURE 15: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY REPLACEMENT MARKET, 2021-2026 (IN $ MILLION)

    1. MARKET BY TYPE
      • TIRE CORD FABRIC
      • TIRE BEAD WIRE
    2. MARKET BY MATERIAL
      • STEEL
      • POLYESTER
      • RAYON
      • NYLON
      • OTHERS
    3. MARKET BY TIRE DISTRIBUTION CHANNEL
      • OEM (ORIGINAL EQUIPMENT MANUFACTURER) MARKET
      • REPLACEMENT MARKET

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