Global Automotive Aramid Tires Market 2024-2030

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    AUTOMOTIVE ARAMID TIRES MARKET

     

    INTRODUCTION AUTOMOTIVE ARAMID TIRES MARKET

    Aramid technology is utilised to stiffen the tyre sidewall, similar to Kevlar used for bulletproof vests, enabling it to absorb the impact of a pothole or frost bump over a considerably broader area than with conventional radial-ply tyres.

     

    Synthetic fibre known as Aramid is created by spinning a solid fibre out of solution. A chemical reaction between an amine group and a carboxylic acid halide group often produces the initial polymer preparation.

     

    The Young’s modulus of aromatic polyamide fibres, which are formed of these compounds, is exceptionally high—more than 20 times that of regular polyamide fibres. 

     

    AUTOMOTIVE ARAMID TIRES MARKET SIZE AND FORECAST

     

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     The Global Automotive aramid tires market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    AUTOMOTIVE ARAMID TIRES MARKET NEW PRODUCT LAUNCH

    Hankook will introduce the iON series of tyres, which are intended to give premium EVs a longer range and a quieter ride. Hankook is the most recent tyre manufacturer to introduce its own range of EV-specific tyres, or more specifically, tyres for high-end EVs.

     

    The new iON family from Hankook Tire will make its debut later this year and will include an all-season EV tyre for North America, as well as winter and summer alternatives for Europe.

     

    The South Korean tyre manufacturer Hankook Tire & Technology, whose name directly translates to “Korea Tire & Technology,” was established more than 80 years ago.

     

    The business is still a household name in races like Formula One and is presently among the top 10 tyre producers in the world.Hankook claims that its new iON tyres were created to combat the heavier weight of EVs brought on by huge battery packs.

     

    Additionally, the iON tyres’ ultra-resistant aramid fibres successfully counteract the deformation stresses brought on by the particularly high torque output of electric motors.

     

    To ensure longevity and reduced wear while being more environmentally friendly overall, the tread compound contains a significant amount of natural resin. According to Hankook, the combination of these design elements will increase the overall mileage of the EV tyres per charge.

     

    AUTOMOTIVE ARAMID TIRES MARKET COMPANY PROFILE

     

    THIS AUTOMOTIVE ARAMID TIRES MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Automotive aramid tires are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Automotive aramid tires and key vendor selection criteria
    3. Where is the Automotive aramid tires manufactured? What is the average margin per unit?
    4. Market share of Global Automotive aramid tires market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Automotive aramid tires in-house
    6. key predictions for next 5 years in Global Automotive aramid tires market
    7. Average B-2-B Automotive aramid tires market price in all segments
    8. Latest trends in Automotive aramid tires market, by every market segment
    9. The market size (both volume and value) of the Automotive aramid tires market in 2024-2030 and every year in between?
    10. Production breakup of Automotive aramid tires market, by suppliers and their OEM relationship
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