Global Tire Cord Fabrics Market Size, Share and Industry Analysis Report 2021-2028 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Tire Cord Fabrics Market Size, Share And Industry Analysis By Tire Type (Radial Tires, High-Performance Tires, And Bias Tires), By Vehicle Type (Commercial Vehicles, And Passenger Cars), By Raw Material Type (Polyester, Rayon, Nylon, And Others)" report has been added to ResearchAndMarkets.com's offering.

The global tire cord fabrics market size is expected to reach USD 8,351.4 Million in 2028, and register a CAGR of 5.2% during the forecast period.

Increasing sales of automobiles, government regulations for passenger safety, and need for tire cord fabrics to make high strength tires are key factors driving market revenue growth.

Rising investment for manufacturing eco-friendly products such as tires to reduce VOC emissions from automobiles

Some of the major factors expected to drive market growth include constantly growing automotive industry, and increasing demand for tire cord fabrics from the industry. These fabrics provide improved flexibility and excellent tensile strength to tires. Sidewalls of rubber tires are subject to corrosion in the long run, thus, using tire cord fabrics enables reinforcement of tire materials. In addition, tire cord fabrics are formulated to support vehicle weight, and retain tire shape, enhancing performance of the tires.

Increasing initiatives by market players to design and develop eco-friendly tire cord using formaldehyde- & resorcinol-free adhesion is expected to support growth of the market to a significant extent. However, factors such as high cost of end-use products, and fluctuating costs of raw materials are factors that could hamper market growth to some extent.

Some Key Findings From the Report:

• Among the tire type segments, the radial tires segment accounted for the largest revenue share in 2020. The high-performance tires segment is expected to register a robust revenue CAGR during the forecast period.
• Among the vehicle type segments, the passenger car segment accounted for the largest revenue share in 2020.
• Among the raw material segments, the nylon segment accounted for the largest revenue share in 2020. The rayon segment is expected to register a robust revenue CAGR during the forecast period.
• Among the application segments, the OEM segment accounted for the largest revenue share in 2020.
• The Asia Pacific market accounted for the largest revenue share in 2020, due to growing number of automotive OEMs, and increasing production and sales of tires, especially in the aftermarket sector.
• The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.

Key Topics Covered:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Tire Cord Fabrics Market Segmentation & Impact Analysis

4.1. Tire Cord Fabrics Market Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market indicators analysis

4.2.2. Market drivers analysis

4.2.2.1. The rising buying capacity and use of passenger vehicles across the globe

4.2.2.2. Increasing demand for eco-friendly tire cord fabrics

4.2.2.3. The rise in sales of mining and construction equipment

4.2.3. Market restraints analysis

4.2.3.1. The volatile price of raw materials

4.2.3.2. Automotive sector's cost-sensitiveness

4.3. Technological Insights

4.4. Regulatory Framework

4.5. ETOP Analysis

4.6. Porter's Five Forces Analysis

4.7. Competitive Metric Space Analysis

4.8. Price Trend Analysis

Chapter 5. Tire Cord Fabrics Market By Tire Type Insights & Trends

5.1. Tire Type Dynamics & Market Share, 2021 & 2028

5.2. Radial Tires

5.3. High-Performance Tires

5.4. Bias Tires

Chapter 6. Tire Cord Fabrics Market By Vehicle Type Insights & Trends

6.1. Vehicle Type Dynamics & Market Share, 2021 & 2028

6.2. Commercial Vehicles

6.3. Passenger Cars

Chapter 7. Tire Cord Fabrics Market By Raw Material Insights & Trends

7.1. Raw Material Dynamics & Market Share, 2021 & 2028

7.2. Polyester

7.3. Rayon

7.4. Nylon

Chapter 8. Tire Cord Fabrics Market By Application Insights & Trends

8.1. Application Dynamics & Market Share, 2021 & 2028

8.2. Replacement

8.3. Original Equipment Manufacturer [OEM]

Chapter 9. Tire Cord Fabrics Market Regional Outlook

9.1. Tire Cord Fabrics Market share By Region, 2020 & 2028

Chapter 10. Competitive Landscape

Chapter 11. Company Profiles

• Hyosung Corporation
• Indorama Ventures Public Company Limited
• Kolon Industries Inc.
• Kordsa Teknik Tekstil A.S.
• SRF Ltd
• Century Enka Limited
• Toray Industries Inc
• Teijin Ltd.
• Firestone Fibers & Textile Company
• Shenma Indstrial Co. Ltd.

   

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