Dublin, March 04, 2022 (GLOBE NEWSWIRE) — The “Tire Wire – World Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.
World Tire Wire Market to Attain $7.1 Billion by 2027
The worldwide marketplace for Tire Wire estimated at US$5.2 Billion within the 12 months 2020, is projected to succeed in a revised dimension of US$7.1 Billion by 2027, rising at a CAGR of 4.5% over the evaluation interval 2020-2027.
Metal Tire Wire & Tire Materials, one of many segments analyzed within the report, is projected to report a 4.2% CAGR and attain US$3.9 Billion by the tip of the evaluation interval. After an early evaluation of the enterprise implications of the pandemic and its induced financial disaster, development within the Polyester Tire Wire & Tire Materials section is readjusted to a revised 4.5% CAGR for the subsequent 7-year interval.
The U.S. Market is Estimated at $910.3 Million, Whereas China is Forecast to Develop at 6.1% CAGR
The Tire Wire market within the U.S. is estimated at US$910.3 Million within the 12 months 2020. China, the world`s second largest financial system, is forecast to succeed in a projected market dimension of US$1.5 Billion by the 12 months 2027 trailing a CAGR of 6.1% over the evaluation interval 2020 to 2027.
mong the opposite noteworthy geographic markets are Japan and Canada, every forecast to develop at 3% and a couple of.7% respectively over the 2020-2027 interval. Inside Europe, Germany is forecast to develop at roughly 3.3% CAGR.
Nylon Tire Wire & Tire Materials Section to Document 5.4% CAGR
Within the world Nylon Tire Wire & Tire Materials section, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this section.
These regional markets accounting for a mixed market dimension of US$664.2 Million within the 12 months 2020 will attain a projected dimension of US$928.4 Million by the shut of the evaluation interval.
China will stay among the many quickest rising on this cluster of regional markets. Led by nations akin to Australia, India, and South Korea, the market in Asia-Pacific is forecast to succeed in US$1.2 Billion by the 12 months 2027.
Key Subjects Coated:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- An Introduction to Car Tire
- Tire Composition: Proportion Breakdown of Parts by Weight for Passenger Automotive and Truck Tires
- Tire Wire: Key Reinforcement Materials for Car Tires
- Vibrant Prospects Forward for World Tire Wire Market
- Quick Paced Progress Projected for Tire Wire Market in China and Different Creating Areas
- Alternatives Stay Rife in Developed Areas
- Tire Wire: A Consolidated Market
- Robust Relationships with Tire Makers: Key to Market Success
- Modern Advertising Methods Take Heart Stage
- Declining Captive Capability Bodes Nicely for Tire Wire Producers
- Aggressive Market Presence – Robust/Energetic/Area of interest/Trivial for Gamers Worldwide in 2022
- Affect of Covid-19 and a Looming World Recession
2. FOCUS ON SELECT PLAYERS (Complete 50 Featured)
- Century Enka Restricted
- CORDENKA GmbH & Co. KG
- Formosa Taffeta Co., Ltd.
- Hyosung Group
- Indorama Ventures Public Firm Restricted
- Kolon Industries, Inc.
- Kordarna Plus, a.s.
- Kordsa Teknik Tekstil A.S.
- NV Bekaert SA
- SRF Restricted
- Teijin Restricted
3. MARKET TRENDS & DRIVERS
- Northbound Trajectory in World Tire Business Creates Fertile Atmosphere for Progress of Tire Wire Market
- Dynamics in Automotive Business Inflate Demand for OEM Tires
- World Penetration of SUVs (In %) by Nation for the Yr 2019
- Electrical Automobiles Emerge as New Taste in World Automotive Business
- Sustained Growth in Alternative Tire Section
- Tire Business CAPEX Packages Point out Excessive Progress Alternatives
- Hovering Demand for Radial Tire: A Main Driver
- Tire Radialization as a Proportion of Complete Tire Inhabitants by Choose Nation/Area
- Rising Demand for Metal Tire Wire Drives Total Progress in Tire Wire Market
- HMLS Yarns Widen Position of Polyester in Tire Wire Ecosystem
- Rising Adoption of Nylon Tire Wire
- Expertise Developments and Product Improvements Maintain Market Momentum
- R&D Efforts Deliver Ahead the New ‘Inexperienced’ Tire Wire
- Novel Tire Cords Enhance Rolling Resistance and Gasoline Effectivity
- Nanotechnology Augments Tire R&D
- Risky Uncooked Materials Prices: A Main Difficulty
- Breakdown of Prices Concerned in Metal Tire Wire Making
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For extra details about this report go to https://www.researchandmarkets.com/r/95xvrj