BEAD WIRE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Name: Bead Wire Market News
Creator: Coherent Market Insights
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Keywords: Bead Wire Market, Bead Wire Market Report, Bead Wire Industry Report, Bead Wire Market Size, Bead Wire Market Share, Bead Wire Market Analysis, Bead Wire Market Growth, Bead Wire Market Trends, Bead Wire Market Overview, Bead Wire Market Forecast

Bead Wire Market, By Product Type (Radial Tires, Bias Tires), By Tensile Strength (High Tensile Strength , Regular Tensile Strength), By End-use Industry (Automotive, Construction, Mining, Agriculture, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)

Published In : Dec 2023
Code : CMI6246
Pages :220
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market News

Recent Developments

New product launches

In February 2023, Apollo Tyres Limited, a tire manufacturer announced the development of agricultural tires composed of 75% eco-friendly materials that consist of nine distinctive compounding elements used in different parts of the tire. These components encompass reclaimed rubber, eco-conscious carbon black derived from recycled tires, plant-derived oils, repurposed nylon, and bead wire manufactured with an increased proportion of recycled materials.

Expansion

In June 2021, Rajratan Global Wire Limited, manufacturer of bead wire announced plans to invest over US$ 29.9 billion (INR 250 crore) over the next three years ramp up domestic and international production. The two upcoming expansions include : the establishment of a new facility in the vicinity of Chennai, as well as an ongoing brownfield expansion at its existing plant in Thailand.