As per this study, the Global Tire Cord And Tire Fabrics Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XX.X MN by 2026 with a CAGR of X.X%. By volume, the market was estimated XXX KT in 2019 and is expected to reach XXX KT by 2026 with a CAGR of X.X%.
Tire cord fabric is the textile material that offers flex resistance and also aid in tire reinforcement. It is used to keep tires in shape, support vehicle weight and show a positive impact on the tire performance. It is mainly used in personal vehicles, heavy vehicles and off-road vehicles to impart dimensional stability of the tire.
Booming automotive industry on account of rising in sales of vehicles are driving the market growth. The growing demand of tire material that easily decomposes, offer better stability and efficiency is again fueling the market growth. Increasing disposable income, growing middle-class population resulting in higher demand for personal vehicles is again boosting the market growth. Ongoing research for the introduction of tires with more stability, high fatigue, and tear resistance is expected to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of tire cord and tire fabrics.
The broad tire cord and tire fabrics market has been sub-grouped into product and vehicle type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Vehicles Type
- Steel Cords
- Nylon Dipped Cords
- Polyester Cords
- Rayon Cords
- Off-Road Vehicles
- Bicycles & Personal Vehicles
- Light Commercial Vehicles
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for tire cord and tire fabrics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Tire Cord And Tire Fabrics Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the tire cord and tire fabrics market includes Cordenka GmbH & Co. KG, Firestone Fibers & Textile Company, Hyosung Corporation, Kolon Industries, Inc., Kordarna Plus A.S., Kordsa Global, Inc., Milliken & Company Inc., SRF Ltd., Teijin Ltd and Tokusen U.S.A., Inc among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.