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Tire Cord Fabric Market to Become USD 9.37 Billion Industry | Analysis By Driving Innovations, Business Insights, Key Segmentation And Forecast By 2029
Based on previous market performance, the Tire Cord Fabric market is expected to reach USD 9.37 billion in size by 2029. With a 5.6% CAGR.Tire Cord Fabric Market Overview:
In order to give the finished tire controlled deformation, high strength, and abrasion resistance features, tire cord textiles are largely employed as a reinforcing material in the tire production process. These materials are also used to make rubber hose, air springs, expansion joints, conveyor belts, and other products.
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The demand for more industrial items including air springs, expansion joints, and rubber hoses is expected to drive the market for tire cord fabric over the forecast period. Additionally, it is predicted that the market would do well due to the worldwide increase in tire and airplane production.
Based on our expert's analysis the players that are leading the market includes: Kolon Industries, Inc., Kordsa Global, Inc., Hyosung Corporation, SRF Ltd., Bekaert Corporation, Firestone Fibers & Textile Company, Cordenka GmbH & Co. KG, Kordarna Plus A.S., Teijin Ltd, Tokusen U.S.A., Inc, Milliken & Co. Inc. and others. and Others.
The whole market is segmented as follows:
Tire Cord Fabric Market by Material, 2020-2029, (USD Million, and Thousand Units)
Nylon
Polyester
Rayon
Others
Tire Cord Fabric Market by Tire Type, 2020-2029, (USD Million, and Thousand Units)
Radial Tires
Bias Tires
Tire Cord Fabric Market by Vehicle Type, 2020-2029, (USD Million, and Thousand Units)
Passenger Cars
Commercial Vehicles
Tire Cord Fabric Market by Application, 2020-2029, (USD Million, Thousand Units)
OEM
Replacement
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Tire Cord Fabric Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Tire Cord Fabric Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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