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Europe Tire Reinforcement Materials Market Forecast 2019-2027

KEY FINDINGS
The Europe tire reinforcement market is anticipated to grow at a CAGR of 3.45%, collecting a net worth of $XX million over the forecast period of 2019-2027. The automotive industry in the region is also witnessing considerable growth in this region.

MARKET INSIGHTS
The market is being presented with prospective growth opportunities on account of the enhanced properties of reinforced tires. These properties enable the tires to be more rigid, stable, provide better traction and carry any extra load. Therefore, these tires find application in sports cars, estate cars, trucks, vans, and delivery vehicles. The market segment for reinforced tire includes material and type. The materials range from polyester, nylon, rayon, steel, etc. and the type includes tire cord fabric and bead wire. A major threat to the expansion of the market is the ever changing raw material prices.

COMPETITIVE INSIGHTS
SRF Limited, Michelin, Teijin Limited, Shenma Industrial Co. Ltd., Century Enka Limited, Bekaert, Toyobo, Toray Industries Inc., Formosa Taffeta Co. Ltd., DuPont, Kolon Industries Inc., Shinkong, Hyosung Corporation, Cordenka GmbH and Kordsa Global are few of the well-known companies in this market.
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Europe Tire Reinforcement Materials Market Forecast 2019-2027
Published By :Inkwood Research
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