Press release
Global Tire Cord Fabrics Market to Reach $9.23 Billion by 2030, Growing from $7.06 Billion in 2023 at a 3.9% CAGR
Tire Cord Fabrics Market
๐๐ข๐ซ๐ ๐๐จ๐ซ๐ ๐ ๐๐๐ซ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ was valued at USD 7.06 Bn. in 2023. The Global Tire Cord Fabrics Market is estimated to grow at a CAGR of 3.9% and expected to reach USD 9.23 Bn. over the forecast period.
๐๐ข๐ซ๐ ๐๐จ๐ซ๐ ๐ ๐๐๐ซ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Tire cord fabrics are reinforcing materials used in tire manufacturing, made from high-quality yarns such as polyester and nylon. These fabrics are woven into S and Z twists to enhance the strength, abrasion resistance, and controlled deformation of tires. In addition to tires, tire cord fabrics are also used in rubber tubing, air springs, expansion joints, and conveyor belts.
The global rise in vehicle usage is expected to drive growth in the tire cord fabrics market. Increased sales of construction and mining equipment are also anticipated to boost demand for these fabrics. However, fluctuations in raw material costs may hinder market growth.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/req_sample/Tire-Cord-Fabrics-Market/1011
๐๐ก๐๐ญ ๐๐ซ๐ ๐๐ข๐ซ๐ ๐๐จ๐ซ๐ ๐ ๐๐๐ซ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ?
Drivers: The primary driver of the tire cord fabrics market is the growing demand from the automotive industry. Additionally, the rising interest in eco-friendly tires presents new opportunities for market expansion.
Restraints: Market growth is constrained by raw material price volatility and the adverse effects of the COVID-19 pandemic.
Opportunities: The demand for tire cord fabrics is likely to grow due to the rising need for durable, fuel-efficient tires, including those used in electric vehicles (EVs). Traditional tires on EVs wear out 30% faster, creating a need for lightweight, wear-resistant tires made from materials like aramid fibers. In the U.S., nylon tire cord fabrics are particularly popular due to their use in making lightweight, durable tires for various vehicles.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ข๐ซ๐ ๐๐จ๐ซ๐ ๐ ๐๐๐ซ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ?
Asia-Pacific: The largest market for tire cord fabrics, driven by high tire manufacturing volumes and local availability of raw materials such as natural rubber. The region's demand is further supported by rising passenger vehicle sales, particularly in China, India, and Japan.
North America: The third-largest market, where the adoption of electric vehicles and regulatory support for reducing automobile emissions are key growth drivers.
Europe: Expected to see increased demand for tire cord fabrics from countries like Germany, France, and the United Kingdom throughout the forecast period.
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! @https://www.stellarmr.com/report/req_sample/Tire-Cord-Fabrics-Market/1011
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ข๐ซ๐ ๐๐จ๐ซ๐ ๐ ๐๐๐ซ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ?
By Material Type
Nylon
Polyester
Rayon
Aramid
Polyethylene Napthalate
By Vehicle Type
Radial Tire
Bias Tire
By Tire Type
Thin Gauge
Thick Gauge
By Application
OEM
Replacement
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ซ๐ ๐๐จ๐ซ๐ ๐ ๐๐๐ซ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
Indorama Ventures Company Limited (Thailand)
Kolon Industries Inc. (South Korea)
Hyosung Corporation (South Korea)
SRF Limited (India)
Kordsa Teknik Tekstil A.S. (Turkey)
Teijin Limited (Japan)
Toray Industries Inc. (Japan)
Century Enka Limited (India)
KORDรRNA Plus a.s. (Czech Republic)
Madura Industrial Textiles Ltd. (India)
Cordenka GmbH & Co KG (Germany)
Firestone Fibers & Textiles (USA)
Shenma Industrial Co., Ltd. (China)
Milliken & Company (US)
Sohrab Group (India)
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/Tire-Cord-Fabrics-Market/1011
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Connected Building Market https://www.stellarmr.com/report/Connected-Building-Market/686
Industrial Power Transmission Market https://www.stellarmr.com/report/Industrial-Power-Transmission-Market/524
Electric Fireplace Market https://www.stellarmr.com/report/Electric-Fireplace-Market/529
Electric Wall Heater Market https://www.stellarmr.com/report/Electric-Wall-Heater-Market/549
Pup Joint Market https://www.stellarmr.com/report/Pup-Joint-Market/849
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com
๐๐๐จ๐ฎ๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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