Global Tire Cord Fabrics Market Research Report 2022

Tire Cord Fabrics are reinforcing materials in the tire, providing it with dimensional stability and acting as supports for the vehicle weight. These also help to keep tires in shape in different road conditions. Tire Cord Fabrics are very important for the performance of a tire, and as a result for the vehicle as well. Different types of reinforcement constructions are required for different types of vehicles, and this depends on their respective uses and load-bearing requirements.
Market Analysis and Insights: Global Tire Cord Fabrics Market
Due to the COVID-19 pandemic, the global Tire Cord Fabrics market size is estimated to be worth US$ 4540.7 million in 2022 and is forecast to a readjusted size of US$ 5485.3 million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Nylon Tire Cord Fabrics accounting for % of the Tire Cord Fabrics global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Bias Tire segment is altered to an % CAGR throughout this forecast period.
North America Tire Cord Fabrics market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Tire Cord Fabrics include Hyosung, Kordsa Teknik Tekstil, Kolon Industries, SRF Ltd, Firestone, Teijin, Milliken & Company, Indorama Ventures and Asahi Kasei, etc. In terms of revenue, the global 3 largest players have a % market share of Tire Cord Fabrics in 2021.
Global Tire Cord Fabrics Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Tire Cord Fabrics Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Nylon Tire Cord Fabrics
Polyester Tire Cord Fabrics
Others
Segment by Application
Bias Tire
Radial Tire
By Company
Hyosung
Kordsa Teknik Tekstil
Kolon Industries
SRF Ltd
Firestone
Teijin
Milliken & Company
Indorama Ventures
Asahi Kasei
Maduratex
Kordarna Plus
Far Eastern Group
Century Enka
Cordenka
Shenma Industrial
Junma Tyre Cord
Jinlun Group
Jiangsu Haiyang
Shandong Xiangyu
Shifeng Group
Shandong Tianheng
Shandong Hesheng
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina

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