Press release
Tire Cord Fabrics Market Projected to Surpass $7.89 Billion by 2026, growing at a CAGR of 7.4% | Kolon Industries, Toray Industries, Hyosung, Teijin, Shenma Industrial, SRF
Tire Cord Fabrics Market
Overview of the Global Tire Cord Fabrics Market:
The report spread across 158 pages is an overview of the Global Tire Cord Fabrics Market. These report study based on the Tire Cord Fabrics Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.
The Global Tire Cord Fabrics Market is accounted for $4.15 Billion in 2017 and is expected to reach $7.89 Billion by 2026 growing at a CAGR of 7.4% during the forecast period (2019 - 2026).
Increasing vehicle usage and growth in the awareness for biodegradable products are some of the factors propelling the market growth. However, fluctuating raw material prices is hindering the market growth.
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Tire cord fabric is an industrial grade fabric that is manufactured through the use of high persistence yarns. It play the role of reinforcing materials in automotive and vehicle tires and are designed and used in a way that helps sustain the shape of tires, while concurrently following vehicle weight. Tire cord fabrics impart critical performance related qualities to the tires such as abrasion resistance, increased strength, and deformation control.
On the basis of Material Type, Nylon segment has witnessed the considerable growth during the forecast period due to its capability to offer high strength, tenacity, robustness, relatively superior fatigue resistance, and good adhesion to rubber.
Regional analysis, Asia Pacific holds the highest market growth during the forecast period due to rising passenger vehicle production in China and India. In these countries the vehicle production is rising at a rapid rate since of the presence of major automotive players.
This comprehensive Tire Cord Fabrics Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Major Key Players:
1 Kolon Industries Inc.
2 Toray Industries Inc.
3 Hyosung Corporation
4 Teijin Ltd.
5 Firestone Fibers & Textile Company
6 Shenma Industrial Co. Ltd.
7 Century Enka Limited
8 SRF Ltd.
9 Cordenka GmbH & Co Kg
10 Kordsa Teknik Tekstil A.S and More…………
Market Segment by Material Types:
1 Polyamide Tire Cord Fabric
2 Rayon Tire Cord Fabric
3 Nylon Tire Cord Fabric
4 Polyester Tire Cord Fabric
5 Aramid Tire Cord Fabric
6 Steel
7 Other Material Types
Market Segment by Tire Types:
1 High Performance Tires
2 Bias Tires
3 Radial Tires
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Table of Contents:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Tire Cord Fabrics Market, By Organization Size
6 Global Tire Cord Fabrics Market, By Deployment Type
7 Global Tire Cord Fabrics Market, By Component
8 Global Tire Cord Fabrics Market, By End User
9 Global Tire Cord Fabrics Market, By Geography
10 Key Developments
11 Company Profiling
About us:
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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