Global markets for tire reinforcement materials to reach $16 billion by 2017

Automotive tires are getting faster, stronger, and cheaper. Consequently, tire reinforcement material producers are beginning to employ stronger materials such as ultra-high tensile carbon steel, aramid, and advanced polyester to increase safety and control during the driving experience. Technological advances, increasing safety issues, and environmental concerns will shape growth in this market over the near term.

BCC Research provides an in-depth analysis of the global tire reinforcement materials market through its report Tire Reinforcement Materials: Technologies and Global Markets. According to the report, this market was valued at $13 billion in 2011 and reached $13.5 billion in 2012. BCC Research projects the market to grow to $16 billion by 2017, and register a five-year compound annual growth rate (CAGR) of 3.6% from 2012 to 2017.

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 Use this report to:

• Gain an overview of the tire reinforcement material manufacturing, applications, and global and regional markets.
• Analyze global market trends, with data from 2011 and 2012, and projections of CAGRs through 2017.
• Assess coverage of tire reinforcements manufactured with steel, polyester, rayon, nylon, aramid, PEN (polyethylene naphthalate), and other materials.
• Identify key properties and advanced technologies of raw materials.
• Review comprehensive profiles of major players in the industry.

SAMPLE FIGURE

GLOBAL MARKET FOR TIRE REINFORCEMENT MATERIALS MARKET BY SEGMENT, THROUGH 2017

($ MILLIONS)

 

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