The Global Tire reinforcement materials market is anticipated to increase at an estimated CAGR of 3.67 % over the forecast period of 2019-2027
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Tuesday, February 12, 2019
The Global Tire reinforcement materials market is anticipated to increase at an estimated CAGR of 3.67 % over the forecast period of 2019-2027.
Key Points:
- The Global Tire reinforcement materials market is anticipated to increase at an estimated CAGR of 3.67 % over the forecast period of 2019-2027.
- The global tire reinforcement materials market is segmented on the basis of materials and types.The materials segment include steel, polyester, rayon, nylon, etc.
- The demand for steel materials in tire reinforcements is fast gaining momentum.The market segment by type comprises of tire bead wire and tire cord fabric.
- The heavy population growth and the progression in the automotive industry are expected to drive the market for tires during the forecast period.