Report Highlights

According to a research survey conducted by ChemView Consulting, in Tire Cord Fabric Market was worth US $ 6.41 Bn. The market is expected to grow at a CAGR of 5.59 % between 2023 and 2033 to hit US $ 11.04 Bn by 2033 end.

Key Market Trends

Increasing Demand for Tire Cord Fabric in Automotive Industry

The automotive industry is increasingly relying on tire cord fabric to manufacture tires, as it offers superior strength and durability. This is driving the demand for tire cord fabric in the automotive industry, as manufacturers look to produce tires that can withstand the rigors of the road.

Growing Use of Tire Cord Fabric in Industrial Applications

Tire cord fabric is increasingly being used in industrial applications, such as conveyor belts, hoses, and other industrial components. This is due to its superior strength and durability, which makes it ideal for use in these applications. As a result, the demand for tire cord fabric in industrial applications is growing, as manufacturers look to produce components that can withstand the rigors of industrial use.”    “1.

Market Drivers

Automotive Industry Revving Up Demand for Tire Cord Fabric

The automotive industry is experiencing a surge in demand for vehicles, which is driving up the need for tire cord fabric. As more cars are produced, the demand for tire cord fabric increases, as it is a key component in the production of tires. This increased demand is creating a lucrative opportunity for tire cord fabric manufacturers, as they are able to capitalize on the growing demand for their product.

Tire Safety Awareness Boosts Demand for Tire Cord Fabric

As consumers become more aware of the importance of tire safety, they are increasingly demanding tires that are made with high-quality tire cord fabric. This is driving up the demand for tire cord fabric, as manufacturers are now being held to a higher standard when it comes to the quality of their product. This increased demand is creating a great opportunity for tire cord fabric manufacturers, as they are able to capitalize on the growing demand for their product.

Technological Innovations Fueling Demand for Tire Cord Fabric

Technological advancements have enabled tire cord fabric manufacturers to produce higher-quality products at a lower cost. This has resulted in an increased demand for tire cord fabric, as manufacturers are now able to produce tires that are more durable and reliable. This increased demand is creating a great opportunity for tire cord fabric manufacturers, as they are able to capitalize on the growing demand for their product.

Segmentation Insights

The tire cord fabric market can be analyzed based on material, tire type, application, and vehicle type.

Market Analysis by Material

Tire cord fabric is made of various materials such as polyethylene napthalate, polyester, nylon, rayon, aramid, and others. Among them, the polyester segment holds the largest market share due to its high durability, excellent heat resistance, and cost-effectiveness.

Market Analysis by Tire Type

The tire cord fabric market can be segmented into radial and bias tires. Radial tires are widely used in passenger cars, commercial vehicles, and heavy-duty vehicles, owing to their improved handling, fuel efficiency, and safety features. Hence, the radial tire segment is expected to hold a larger market share in the forecast period.

Market Analysis by Application

The tire cord fabric market can be segmented based on application into original equipment manufacturer (OEM) and replacement. The OEM segment is expected to hold a larger market share due to the increasing demand for new vehicles globally.

Market Analysis by Vehicle Type

The tire cord fabric market can be segmented based on vehicle type into passenger cars, light commercial vehicles, heavy-duty vehicles, two-wheelers, tractors, and others. The passenger car segment is expected to hold the largest market share due to the increasing demand for vehicles globally.

Regional Insights

North America: Get Ready for the Future of Tire Cord Fabric with North American Solutions

North America is a leader in the tire cord fabric market, offering innovative solutions that are designed to meet the needs of the future. With advanced technology and materials, North American tire cord fabric solutions are designed to provide superior performance and durability. North American tire cord fabric is designed to provide superior quality and performance. With advanced materials and technology, North American tire cord fabric solutions are designed to meet the needs of the future. With superior quality and performance, North American tire cord fabric is the best choice for your tire cord fabric needs.

Asia-Pacific: Get Ahead of the Curve with Asian Tire Cord Fabric Solutions

Asia-Pacific is a leader in the tire cord fabric market, offering innovative solutions that are designed to meet the needs of the future. With advanced technology and materials, Asian tire cord fabric solutions are designed to provide superior performance and durability. Get ahead of the curve with Asian tire cord fabric solutions. Asian tire cord fabric is designed to provide superior quality and performance. With advanced materials and technology, Asian tire cord fabric solutions are designed to meet the needs of the future. With superior quality and performance, Asian tire cord fabric is the best choice for your tire cord fabric needs.

Report Includes

Market Size Data

• Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
• Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
• Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
• Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
• Incremental dollar opportunity generated in the forecast period would be indicated
• Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

Market Background

• Macroeconomic factors that impact the market developments
• Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
• Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
• Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
• Trade analysis and analysis of key supply and demand hubs
• Identification of hotbed opportunities existing in the market
• Porter’s and PEST analysis to understand the business environment of the geography
• Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

Pricing Analysis

• Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
• Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
• Cost teardown analysis and key factors impacting pricing

Value Chain Analysis

• Country-wise list of raw material suppliers
  • Raw material price trends and buyers’ sentiment
  • Overview of Intelligent Sourcing Technique
  • Raw material procurement requirements
  • Vendor selection criteria
• Country-wise list of product manufacturers
• Country-wise list of distributors/traders
• Country-wise list of end-users
  • End-Users/Customers consumption mapping
  • Key End-Users/Customers client list
• Country-wise list of other key channel partners
• Average profitability margins
• Regional value chain dynamics

Competition Analysis

• • Market shares and production capacities of key players
  • Tier structure analysis of market
  • Comprehensive competition dashboard representing the top 10-15 players in the market
  • Individual company profiles of top 15 to 20 manufacturers
    • Business Overview
    • Product Portfolio
    • Key Financials
    • Recent Developments
    • SWOT Analysis
    • Strategies

Research Scope/Taxonomy
Market Analysis by Material

• Polyethylene Napthalate
• Polyester
• Nylon
• Rayon
• Aramid
• Others

Market Analysis by Tire Type

• Radial Tire
• Bias Tire

Market Analysis by Application

• OEM
• Replacement

Market Analysis by Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Duty Vehicles
• Two Wheelers
• Tractors
• Others

Market analysis by region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East & Africa
• East Asia
• South Asia & Pacific

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

Key Companies Profiled

• Indorama Ventures Public Company Limited
• Kolon Industries, Inc.
• Mitsubishi Chemical Corporation
• Hyosung Group
• Toray Industries, Inc.
• Solvay SA
• SGL CARBON SE
• Bridgestone Corporation
• Arkema group
• KORDSA TEKN?K TEKST?L ANON?M ??RKET?
• BASF SE

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