According to a research report published by Spherical Insights & Consulting, the Global Tire Cord Fabrics Market Size is Expected to Grow from USD 5.42 Billion in 2023 to USD 8.58 Billion by 2033, at a CAGR of 4.7% during the forecast period 2023-2033.

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Tire cords are abrasion-resistant, high-strength textiles that are made from polyester, nylon, rayon, and steel using a variety of techniques, including weaving, dipping, and thread twisting. For on-road performance, a tire cord is necessary because it protects rubber tires from impact, maintains tire shape, and offers strong support. It provides absorption, elongation, and weight absorption for the vehicle. For radial tires on passenger cars, nylon-based chord tire fabrics are better because of their high tensile strength, impact resistance, and dimensional stability. The automotive industry’s growing need for high-performance tires, rising disposable income, better road infrastructure, and the growing use of tire cord fabrics in heavy-duty off-road vehicles are all contributing to the market’s revenue growth. For instance, the National Technical Textiles Mission (NTTM) was established by the Indian government to encourage the use of technical textiles, such as tire cord fabrics. However, significant obstacles to the growth of market revenue, particularly in developing nations, are the high price of tire cord fabric and the environmental issues surrounding the disposal of used tires.

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Tire Cord Fabrics Market Size, Share, and COVID-19 Impact Analysis, By Tire Type (Radial and Bias), By Material (Nylon and Polyester), By Vehicle Type (Buses, Trucks, and Passenger Cars), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The radial segment is predicted to hold the highest market share through the forecast period.

Based on the tire type, the tire cord fabrics market is classified into radial and bias. Among these, the radial segment is predicted to hold the highest market share through the forecast period. Radial tires are common in both passenger and commercial vehicles because of their increased safety, handling, tread life, and fuel efficiency. Demand is driven by an increase in vehicle production and sales, particularly in developing nations.

The polyester segment is anticipated to hold the fastest market share during the projected timeframe. 

Based on the material, the tire cord fabrics market is divided into nylon and polyester. Among these, the polyester segment is anticipated to hold the fastest market share during the projected timeframe. Fuel-efficient cars and lightweight tire manufacturing have led to an increase in the use of polyester tire cord materials. They are appropriate for damp and corrosive environments, have high strength-to-weight ratios, and are resistant to chemicals and moisture.

The passenger cars segment is anticipated to hold the highest market share during the projected timeframe.   

Based on the vehicle type, the tire cord fabrics market is divided into buses, trucks, and passenger cars. Among these, the passenger cars segment is anticipated to hold the highest market share during the projected timeframe. Polyester tire cord materials are increasingly being used in fuel-efficient vehicles and lightweight tire production because of their high strength-to-weight ratios, chemical resistance, and suitability for corrosive and damp conditions.

Inquire Before Buying This Research Report: https://www.sphericalinsights.com/inquiry-before-buying/3089

Asia Pacific is estimated to hold the largest share of the tire cord fabrics market over the forecast period.

Asia Pacific is estimated to hold the largest share of the tire cord fabrics market over the forecast period. The region’s well-established textile industry is expected to support the growing middle class and demand for personal vehicles, as well as the growth of the automotive industries in China, India, and Japan, which will all contribute to the region’s tire cord fabric market.

North America is predicted to have the fastest CAGR growth in the tire cord fabrics market over the forecast period. The region’s growth is being propelled by the automotive industry’s stringent safety regulations and the growing demand for environmentally friendly tires. It is anticipated that the growing number of electric vehicles will increase demand for environmentally friendly tires and tire cord fabrics.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the tire cord fabrics market include Bekaert, Century Enka Limited, Cordenka GmbH & Co KG, Far Eastern Group, Firestone Fibers & Textiles, HYOSUNG ADVANCED MATERIALS, Indorama Ventures Public Company Limited, Kolon Industries, Inc., KORDRNA Plus a.s, Milliken & Company, SRF Limited, TEIJIN LIMITED, TORAY INDUSTRIES, INC, and Others.

Recent Development

• In January 2023, A nylon tire cord fabric made entirely of recycled nylon waste was put into commercial production by Century Enka Limited. This new environmentally friendly material will be used by Apollo Tyres Ltd. for particular product lines across a range of market sectors.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the tire cord fabrics market based on the below-mentioned segments:

Global Tire Cord Fabrics Market, By Tire Type

• Radial
• Bias

Global Tire Cord Fabrics Market, By Material

• Nylon
• Polyester

Global Tire Cord Fabrics Market, By Vehicle Type

• Buses
• Trucks
• Passenger cars

Global Tire Cord Fabrics Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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According to a research report published by Spherical Insights & Consulting, the Global Tire Cord Fabrics Market Size is Expected to Grow from USD 5.42 Billion in 2023 to USD 8.58 Billion by 2033, at a CAGR of 4.7% during the forecast period 2023-2033.

Get a Sample PDF Brochure: https://www.sphericalinsights.com/request-sample/3089

Tire cords are abrasion-resistant, high-strength textiles that are made from polyester, nylon, rayon, and steel using a variety of techniques, including weaving, dipping, and thread twisting. For on-road performance, a tire cord is necessary because it protects rubber tires from impact, maintains tire shape, and offers strong support. It provides absorption, elongation, and weight absorption for the vehicle. For radial tires on passenger cars, nylon-based chord tire fabrics are better because of their high tensile strength, impact resistance, and dimensional stability. The automotive industry’s growing need for high-performance tires, rising disposable income, better road infrastructure, and the growing use of tire cord fabrics in heavy-duty off-road vehicles are all contributing to the market’s revenue growth. For instance, the National Technical Textiles Mission (NTTM) was established by the Indian government to encourage the use of technical textiles, such as tire cord fabrics. However, significant obstacles to the growth of market revenue, particularly in developing nations, are the high price of tire cord fabric and the environmental issues surrounding the disposal of used tires.

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Tire Cord Fabrics Market Size, Share, and COVID-19 Impact Analysis, By Tire Type (Radial and Bias), By Material (Nylon and Polyester), By Vehicle Type (Buses, Trucks, and Passenger Cars), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.         

Buy Now Full Report: https://www.sphericalinsights.com/checkout/3089

The radial segment is predicted to hold the highest market share through the forecast period.

Based on the tire type, the tire cord fabrics market is classified into radial and bias. Among these, the radial segment is predicted to hold the highest market share through the forecast period. Radial tires are common in both passenger and commercial vehicles because of their increased safety, handling, tread life, and fuel efficiency. Demand is driven by an increase in vehicle production and sales, particularly in developing nations.

The polyester segment is anticipated to hold the fastest market share during the projected timeframe. 

Based on the material, the tire cord fabrics market is divided into nylon and polyester. Among these, the polyester segment is anticipated to hold the fastest market share during the projected timeframe. Fuel-efficient cars and lightweight tire manufacturing have led to an increase in the use of polyester tire cord materials. They are appropriate for damp and corrosive environments, have high strength-to-weight ratios, and are resistant to chemicals and moisture.

The passenger cars segment is anticipated to hold the highest market share during the projected timeframe.   

Based on the vehicle type, the tire cord fabrics market is divided into buses, trucks, and passenger cars. Among these, the passenger cars segment is anticipated to hold the highest market share during the projected timeframe. Polyester tire cord materials are increasingly being used in fuel-efficient vehicles and lightweight tire production because of their high strength-to-weight ratios, chemical resistance, and suitability for corrosive and damp conditions.

Inquire Before Buying This Research Report: https://www.sphericalinsights.com/inquiry-before-buying/3089

Asia Pacific is estimated to hold the largest share of the tire cord fabrics market over the forecast period.

Asia Pacific is estimated to hold the largest share of the tire cord fabrics market over the forecast period. The region’s well-established textile industry is expected to support the growing middle class and demand for personal vehicles, as well as the growth of the automotive industries in China, India, and Japan, which will all contribute to the region’s tire cord fabric market.

North America is predicted to have the fastest CAGR growth in the tire cord fabrics market over the forecast period. The region’s growth is being propelled by the automotive industry’s stringent safety regulations and the growing demand for environmentally friendly tires. It is anticipated that the growing number of electric vehicles will increase demand for environmentally friendly tires and tire cord fabrics.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the tire cord fabrics market include Bekaert, Century Enka Limited, Cordenka GmbH & Co KG, Far Eastern Group, Firestone Fibers & Textiles, HYOSUNG ADVANCED MATERIALS, Indorama Ventures Public Company Limited, Kolon Industries, Inc., KORDRNA Plus a.s, Milliken & Company, SRF Limited, TEIJIN LIMITED, TORAY INDUSTRIES, INC, and Others.

Recent Development

• In January 2023, A nylon tire cord fabric made entirely of recycled nylon waste was put into commercial production by Century Enka Limited. This new environmentally friendly material will be used by Apollo Tyres Ltd. for particular product lines across a range of market sectors.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the tire cord fabrics market based on the below-mentioned segments:

 

 

Global Tire Cord Fabrics Market, By Tire Type

• Radial
• Bias

 

Global Tire Cord Fabrics Market, By Material

• Nylon
• Polyester

 

Global Tire Cord Fabrics Market, By Vehicle Type

• Buses
• Trucks
• Passenger cars

Global Tire Cord Fabrics Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

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