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North America Tire Reinforcement Materials Market Forecast 2019-2027

KEY FINDINGS
The North America tire reinforcement material market was calculated to be worth $XX million in 2018. The market is now set to rise at an estimated CAGR of 4.04%, collecting a market share of $XX million by the end of the forecasted years of 2019-2027.

MARKET INSIGHTS
The market is segmented on the basis of materials (polyester, steel, nylon, rayon, etc.) and the basis of types (tire cord fabric and tire bead wire). The flourishing automotive industry and the enhanced superior properties of reinforced tires are responsible for leading the market growth. Although, the stringent government rules and regulations might restrain the market growth shortly. Technology advancement and innovation in the different industry have been a forte of North America. The consumers from this region are more of adopting nature, open to more innovation.

COMPETITIVE INSIGHTS
Established manufacturers in the region are working toward reducing labor cost and capacity expansion. The prominent players in this market include Shenma Industrial Co. Ltd., Century Enka Limited, Cordenka GmbH, DuPont, Toyobo, Shinkong, Hyosung Corporation, Teijin Limited, Formosa Taffeta Co. Ltd., Kordsa Global, Michelin, Kolon Industries Inc., Bekaert, Toray Industries Inc., and SRF Limited.
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North America Tire Reinforcement Materials Market Forecast 2019-2027
Published By :Inkwood Research
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