Tire Reinforcing Material Market Revenue was valued at USD 5.8 Billion in 2024 and is estimated to reach USD 8.9 Billion by 2033, growing at a CAGR of 5.1% from 2026 to 2033.
The global tire reinforcing material market has experienced steady growth, with the market size reaching approximately USD 15.92 billion in 2022. :contentReference[oaicite:0]{index=0} This growth trajectory is driven by the escalating demand for run flat and ultra high speed tires, as well as the rising sales of automobiles. The market is projected to continue its upward trend, reaching USD 24.11 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.32% during the forecast period. :contentReference[oaicite:1]{index=1} Regionally, Asia Pacific holds the largest share of the tire reinforcing material market, accounting for approximately 37.92% in 2022. :contentReference[oaicite:2]{index=2} This dominance is attributed to the rapidly increasing automotive production in countries like China and India. North America and Europe also represent significant portions of the market, driven by technological advancements and stringent safety regulations. The Middle East & Africa and Latin America regions are witnessing moderate growth, fueled by increasing vehicle sales and infrastructure development. :contentReference[oaicite:3]{index=3}
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Jiangsu Xingda Steel Cord
Kiswire
Hyosung
Shandong SNTON Steel Cord
Bridgestone
Shougang Century
Tokusen
Tokyo Rope MFG
Hubei Fuxing New Material
BMZ
Henan Hengxing
Junma Tyre Cord
Sumitomo Electric Industries
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Tire Reinforcing Material Market
Steel Fibers
Polyester Fibers
Aramid Fibers
Glass Fibers
Natural Fibers
Passenger Vehicle Tires
Commercial Vehicle Tires
Off-Road Tires
Two-Wheeler Tires
Specialty Tires
Automotive
Aerospace
Construction
Industrial
Marine
Pre-mixed Compounds
Dry Blend Compounds
Liquid Compounds
Recycled Reinforcing Materials
Custom Formulations
Conventional Manufacturing
Advanced Manufacturing Techniques
Reinforcement Optimization Technologies
Nano Reinforcement Technology
Sustainable Material Technologies
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Tire Reinforcing Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Tire Reinforcing Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tire Reinforcing Material Market, By Type
6. Global Tire Reinforcing Material Market, By Application
7. Global Tire Reinforcing Material Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Tire Reinforcing Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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