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2023 Tire Cord Fabrics Market Report: Rising Impressive Business Opportunities Analysis
Tire Cord Fabrics Market
Tire Cord Fabrics Market Size, Growth Rate, And Forecast
The global tyre cord fabrics market size grew from $5.38 billion in 2022 to $5.6 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The tyre cord fabrics market size is expected to grow to $6.57 billion in 2027 at a CAGR of 4.1%.
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Tire Cord Fabrics Market Drivers
The increase in production of automobiles is significantly driving the growth of the tyre cord fabric market. Tire cord fabrics are used in automobiles to keep tyres in shape and to enhance durability.
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Tire Cord Fabrics Market Segments
1) By Material: Nylon, Polyester, Rayon, Other Materials
2) By Vehicle Type: HCV, LCV, Passenger Cars, Off-Road Vehicles And Two-Wheelers
3) By Tire Type: Radial, Bias
4) By Application: Automotive, Aircrafts, Industrial Products, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Tire Cord Fabrics Market.
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Tire Cord Fabrics Market Key Players
Major competitors in the Tire Cord Fabrics Market include Indorama Ventures Company Limited; Kolon Industries; Hyosung Corporation; SRF Ltd.; Kordsa Global; Teijin Ltd; Century Enka Limited; Toray Hybrid Cord; Bekaert Corporation; Cordenka GmbH & Co. KG; Firestone Fibers& Textile Company; ShenmaIndstrial Co. Ltd; Far Eastern Group; Teijin Aramid B.V.; Hyosung Advanced Materials; Tokusen U.S.A.; Asahi Kasei Corporation; Baygold Group Ltd.; Colmant Coated Fabrics; Formosa Taffeta Co., Ltd.; GlanzstoffTextilcord; Hanoi Industrial Textile Jsc; and Henan Hengxing Science & Technology Co
The Business Research Company's "Global Tire Cord Fabrics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Tire Cord Fabrics Market Include:
1. Executive Summary
2. Tire Cord Fabrics Market Characteristics
3. Tire Cord Fabrics Market Trends And Strategies
4. Tire Cord Fabrics Market - Macro Economic Scenario
5. Tire Cord Fabrics Market Size And Growth
.......
26. Africa Tire Cord Fabrics Market
27. Tire Cord Fabrics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tire Cord Fabrics Market
29. Tire Cord Fabrics Market Future Outlook and Potential Analysis
30. Appendix
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