Global Tire Cord Market, By Type (Nylon, Polyester, Rayon, Others), Tire Type (Radial Tire, Biased Tire), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Duty Vehicles, Others), Application (Original equipment manufacturer (OEM), Replacement), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Tire Cord Fabrics Market
The tire cord fabrics market is expected to witness market growth at a rate of 11.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on tire cord fabrics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for passenger cars in the developing economies is escalating the growth of tire cord fabrics market.
Tire cord fabrics can be referred to as a reinforcing material that is manufactured utilizing superior quality yarns for tires and are intended to support the vehicles weight and keep the tires in shape. After spinning and polymerization, high quality polyester and nylon yarns are then twisted into S and Z twist and woven into fabrics.
Major factors that are expected to boost the growth of the tire cord fabrics market in the forecast period rise in the vehicle utilization around the world. Furthermore, the growing of the worldwide sales of the construction and mining equipment is further anticipated to propel the growth of the tire cord fabrics market. On the other hand, the variation in the costs of the material prices is further estimated to impede the growth of the tire cord fabrics market in the timeline period.
In addition, rise in the need for eco-friendly tire cord fabrics will further provide potential opportunities for the growth of the tire cord fabrics market in the coming years. However, the fluctuations in the price of the automotive industry might further challenge the growth of the tire cord fabrics market in the near future.
This tire cord fabrics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on tire cord fabrics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Tire Cord Fabrics Market Scope and Market Size
The tire cord fabrics market is segmented on the basis of type, tire type, vehicle type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the tire cord fabrics market is segmented into nylon, polyester, rayon, others. Others is further sub segmented into aramid fibers, hybrid, polyethylene napthalate (PEN).
- On the basis of tire type, the tire cord fabrics market is segmented into radial tire, biased tire.
- On the basis of vehicle type, the tire cord fabrics market is segmented into passenger cars, light commercial vehicles, heavy duty vehicles, others.
- On the basis of application, the tire cord fabrics market is segmented into original equipment manufacturer (OEM), replacement.
Tire Cord Fabrics Market Country Level Analysis
The tire cord fabrics market is analysed and market size, volume information is provided by country, type, tire type, vehicle type and application as referenced above.
The countries covered in the tire cord fabrics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the tire cord fabrics market due to the rise in the need for the automotive vehicles. Furthermore, the increase in the inclination towards the electric vehicle will further boost the growth of the cord fabrics market in the region during the forecast period. North America is projected to observe significant amount of growth in the tire cord fabrics market due to the rise in the governing support. Moreover, the occurrences of major key players are further anticipated to propel the growth of the cord fabrics market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Tire Cord Fabrics Market Share Analysis
The tire cord fabrics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to tire cord fabrics market.
The major players covered in the tire cord fabrics market report are Toray Hybrid Cord,Inc, Indorama Ventures Public Company Limited., Teijin Aramid B.V., Kolon Industries, Inc., Kordsa Teknik Tekstil A.S., HYOSUNG., SRF Limited, Asahi Kasei Corporation, BAYGOLD GROUP LIMITED, Century Enka Limited., COLMANT COATED FABRICS, Cordenka GmbH & Co KG, Firestone Fibers & Textiles, FORMOSA TAFFETA CO., LTD., Glanzstoff Textilcord, HANOI INDUSTRIAL TEXTILE JSC, Henan Hengxing Sciecnce & Technology Co., Ltd., Milliken & Company, Bekaert, Saba Tire Cord Company, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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