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Tire Cord Fabrics Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

05-10-2021 05:45 PM CET | Industry, Real Estate & Construction

Press release from: Orion Market Reports

The global tire cord fabric market size was valued at USD 5.5 billion in 2019 and is expected to grow at a CAGR of 3% from 2021 to 2027. Growing demand for passenger cars in developing countries Along with increasing demand For durable fuel economy tires, product demand is expected to increase during the forecast period. The expansion of the spread of electric vehicles is expected to have a positive impact on demand. Conventional tires wear about 30% faster on electric vehicles (EVs) than on conventional vehicles. Therefore, manufacturers are using aramid fiber to produce very light and wear-resistant tires specialized for the electric vehicle industry. Nylon tire cord fabric dominates the US market.

A full report of Superplasticizers Market available at https://www.orionmarketreports.com/tire-cord-fabrics-market/26517/

Key Market Players

• Indorama Ventures Public Company Limited
• Kolon Industries Inc.
• SRF Ltd.
• Teijin Ltd.
• Century Enka Limited

Tire Cord Fabrics Market Segmentations

By Product

• Steel Cord
• Polyester
• Nylon
• Others

By Vehicle Type

• HCV
• LCV
• Passenger Cars
• Off-Road Vehicles and Two-Wheelers

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Tire Cord Fabrics Market Report

• What was the Tire Cord Fabrics Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Tire Cord Fabrics Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Tire Cord Fabrics Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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