Global Tire Cords Market Is Projected To Reach A Revised Size Of Us$ 7104.1 Million By 2028, Growing At A Cagr Of 4.0% During The Forecast Period 2022-2028

Tire cords are reinforcement used to maintain the shape of a tire. They are made primarily of polyester, nylon, aramid and rayon.Tire cords with higher rigidity give the vehicle better handling and stability. Those with lower rigidity provide a more comfortable ride.

Report Overview

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Tire Cords estimated at US$ 5604.7 million in the year 2022, is projected to reach a revised size of US$ 7104.1 million by 2028, growing at a CAGR of 4.0% during the forecast period 2022-2028.

The USA market for Tire Cords is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.

The China market for Tire Cords is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.

The Europe market for Tire Cords is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.

The global key manufacturers of Tire Cords include Kolon Industries, Oriental Industries, Toray Hybrid Cord, Inc, Bekaert, Century Enka Limited, Cordenka GmbH and Co Kg, Formosa Taffeta Co., Ltd, Hyosung Corporation and Indorama Ventures Public Company Limited, etc. In 2021, the global top five players had a share approximately % in terms of revenue.

In terms of production side, this report researches the Tire Cords production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Tire Cords by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Los Angeles, United States November 2022,- The research study presented here is a brilliant compilation of different types of analysis of critical aspects of the global Tire Cords market. It sheds light on how the global Tire Cords market is expected to grow during the course of the forecast period. With SWOT analysis and Porter's Five Forces analysis, it gives a deep explanation of the strengths and weaknesses of the global Tire Cords market and the different players operating therein. The authors of the report have also provided qualitative and quantitative analyses of several microeconomic and macroeconomic factors impacting the global Tire Cords market. In addition, the research study helps to understand the changes in the industry supply chain, manufacturing process and cost, sales scenarios, and dynamics of the global Tire Cords market.

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Report Scope

This latest report researches the industry structure, capacity, production, sales (consumption), revenue, price and gross margin. Major producers' production locations, market shares, industry ranking and profiles are presented. The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Tire Cords manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases.

This report also includes a discussion of the major players across each regional Tire Cords market. Further, it explains the major drivers and regional dynamics of the global Tire Cords market and current trends within the industry.

Key Companies Covered

In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and market share analysis of the prominent players are also provided in this section. Additionally, the specialists have done an all-encompassing analysis of each player. They have also provided reliable sales, revenue, price, market share and rank data of the manufacturers for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. Mentioned below are the prime players taken into account in this research report:

Kolon Industries

Oriental Industries

Toray Hybrid Cord, Inc

Bekaert

Century Enka Limited

Cordenka GmbH and Co Kg

Formosa Taffeta Co., Ltd

Hyosung Corporation

Indorama Ventures Public Company Limited

Xingda International

Kordarna Plus A.s

Kordsa Global Endustriyel Iplik Ve Kord Bezi Sanayi Ve Ticaret As

SRF Limited

Teijin Limited

Market Segments

This report has explored the key segments: by Type and by Application. The lucrativeness and growth potential have been looked into by the industry experts in this report. This report also provides sales, revenue and average price forecast data by type and by application segments based on production, price, and value for the period 2017-2028.

Tire Cords Segment by Type

Polyester Tire Cord

Hybrid Tire Cord

Tire Cords Segment by Application

Radial Tires for Passenger Cars

Premium Tires

Key Regions & Countries

This section of the report provides key insights regarding various regions and the key players operating in each region. This report analyzes the Tire Cords production by region/country, and the sales (consumption) by region/country. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the value and sales data of each region and country for the period 2017-2028.

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

U.A.E

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Tire Cords market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Report Includes:

This report presents an overview of global market for Tire Cords, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2017 - 2021, estimates for 2022, and projections of CAGR through 2028.

This report researches the key producers of Tire Cords, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Tire Cords, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Tire Cords sales, revenue, market share and industry ranking of main manufacturers, data from 2017 to 2022. Identification of the major stakeholders in the global Tire Cords market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by type and by application, sales, revenue, and price, from 2017 to 2028. Evaluation and forecast the market size for Tire Cords sales, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Kolon Industries, Oriental Industries, Toray Hybrid Cord, Inc, Bekaert, Century Enka Limited, Cordenka GmbH and Co Kg, Formosa Taffeta Co., Ltd, Hyosung Corporation and Indorama Ventures Public Company Limited, etc.

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