Tire Cord Fabrics Market 2022-2030 Development Status, Trending Technologies, Business Strategies And Scope

Market Synopsis

According to the MRFR analysis, the global Tire Cord Fabrics Market size is expected to reach over USD 7,923.5 million by the end of 2030 at a CAGR of 3.9%.

Tire cord fabrics undertake the key function of providing reinforcement to the tire structure. The use of tire cord fabrics helps improve the strength, abrasion resistance, and durability of the tires. Nylon and polyester are two of the most commonly used fibers for weaving tire cord fabrics. Tire cord fabrics help reduce the tire weight and fuel efficiency of the vehicles. Additionally, they are widely used in the production of passenger car radial tires. Thus, an increase in demand for passenger cars in the developing economies including India, China, and Brazil is expected to drive the demand for radial tires and thereby market for tire cord fabrics in the upcoming period.

Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/10544

Segmentation

By Material

This segment is divided into nylon, polyester, rayon, and others.

Nylon: Nylon has emerged as the material of choice for the production of tire cord fabrics. Nylon fabrics exhibit superior fatigue resistance, high tenacity. As a result, they are widely used in the production of heavy-duty wear resistant tires. Furthermore, their low moisture regain makes them suitable for use in wet condition tires

Polyester: The polyester segment is expected to account for a significant share in the global tire cord fabrics market by 2027. Growing demand for polyester tire cord fabrics in the production of passenger car radial tires is expected to be primary factor for the segment growth.

Rayon: Rayon fabrics exhibit superior adhesion to the rubber and thus offer increased stability and tire performance at higher speeds. Thus, the rising demand for high-performance tires is anticipated to boost the market for rayon tire cord fabrics over the forecast period.

Others: The other segment comprises steel and aramid-based tire cord fabrics among others.

Speak To Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/10544

By Vehicle Type

This segment is classified into passenger cars, commercial vehicles, and others.

Passenger Cars: This segment is expected to dominate the market throughout the forecast period. Ever rising demand for passenger cars in the developing economies of India, China, Indonesia, Vietnam, and Brazil is expected to be the major force driving the segment growth during the projected duration.

Commercial Vehicles: The commercial vehicles segment is expected to grow at a robust pace. Commercial vehicle tires exhibit a higher replacement ratio and thereby higher demand for tires. Thus, an increase in sales of light commercial vehicles is projectedto provide a major boost to the segment growth.

Others: The others segment include medical institutions, educational institutions, and public utility spaces.

By Tire Type

This segment is bifurcated into radial tires and bias tires.

Radial Tires: Radial tire segment emerged as the leader in the global market in 2019. Wide ranging use of radial tires in passenger cars was the primary factor for the segment growth. Moreover, the rising use of radial tires in two-wheelers is expected to propel the segment growth in the upcoming period.

Bias Tires: Bias tires segment is expected to account for a significant share of the market by the year 2027. The continued preference for bias tires in commercial vehicles owing to their higher load carrying capacity is anticipated to be the primary driving factor over the forecast period.

Browse In-depth Market Research Report (110 pages) on Tire Cord Fabrics https://www.marketresearchfuture.com/reports/tire-cord-fabrics-market-10544

By Application

This segment is divided into OEM and replacement.

OEM: The OEM segment is projected to account for a significant share of the market in the upcoming period. Growing automotive sales across the world coupled with the growing demand for fuel efficient cars is anticipated to the demand for tire cord fabrics in the OEM segment.

Replacement: The replacement segment dominated the global tire cords fabrics market in 2019. Wide ranging demand for aftermarket tires from passenger cars and commercial vehicles was the primary factor driving the segment growth.

Request for Customization @ https://www.marketresearchfuture.com/ask_for_customize/10544

By Region

North America: Growing trend of trend toward incentivizing the adoption of electric vehicles is expected to be the key factor driving the market growth.

Europe: Strict adoption of pollution control norms coupled with the presence of a well-established automotive industry is expected to drive regional growth.

Asia-Pacific: Continuous increase in vehicular population coupled with the rapid adoption of electric vehicles in China are projected to provide a major boost to the product demand.

Latin America: Economic slowdown and decline in automotive sales were the key factors responsible for lower market share in 2019.

Middle East & Africa: Expected rise in per capita income and rise in economic activities are the factors driving the demand for passenger and commercial vehicles in the region and thereby the demand for tire cord fabrics.

Browse Related Reports:

Wearable Display Device Materials Market- https://www.marketresearchfuture.com/reports/wearable-display-device-materials-market-7754

2-D Materials Market- https://www.marketresearchfuture.com/reports/2-d-materials-market-1135

Acetoacetanilide Market- https://www.marketresearchfuture.com/reports/acetoacetanilide-market-3631

Anti-wear Additives Market- https://www.marketresearchfuture.com/reports/anti-wear-additives-market-10581

Automotive Wheel Coating Market- https://www.marketresearchfuture.com/reports/automotive-wheel-coating-market-3144

Cellulose Esters Market- https://www.marketresearchfuture.com/reports/cellulose-esters-market-6981

Construction Additives Market- https://www.marketresearchfuture.com/reports/construction-additives-market-5170

Defoaming Coating Additives Market- https://www.marketresearchfuture.com/reports/defoaming-coating-additives-market-1741

Contact:

Market Research Future

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

This release was published on openPR.