Tire Cord Market May See a Big Move | Hyosung, Toray Industries, Tokusen Kogyo, Kolon Industries, Bekaert

Latest Study on Industrial Growth of Tire Cord Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Tire Cord market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

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Major players profiled in the study are:
Indorama Ventures Company Limited (Thailand), Kolon Industries Inc. (South Korea), SRF Limited (India), Kordsa Teknik Tekstil A.S. (Turkey), Hyosung Corporation (South Korea), Toray Industries Inc. (Japan), Bekaert (Belgium), Milliken & Company (United States), CORDENKA (Germany), Tokusen Kogyo (Japan)

Scope of the Report of Tire Cord
A tire is just like a pressure vessel and the cords keep it dimensionally stable. The tire cord is a kind of fabric that comprises of warp cords adjusted in the longitudinal direction and weft yarns adjusted in the lateral direction. The warp cords are used for reinforcing pneumatic tires. The properties of the cord depend on the count of plies of thinner and the number of twists that are to be given in yarn. Many tire companies produce tire cord of high persistence by continuous strands of yarn that are supplied by various manufacturers of fiber. Tires have to carry heavy loads, and hence steel and fabric cords are mostly used in the construction to support the rubber compound and also provide strength. Tire cord is used as supporting material for tires and is primarily designed to retain tires in shape. These cords help during the impacts that are related to the vehicle's weight, thus extending the performance of the tire significantly. It also helps in sustaining the tires dimension under many adverse physical conditions and henceforth offering a comfortable ride.

On December 4th, 2019 â€" Indorama Ventures Public Company Limited (IVL), a global chemical manufacturer, has acquired Green Fiber International Inc. (GFI), a recycling company in Fontana, California, USA. The facility produces Recycled Polyethylene Terephthalate (rPET) Flakes. The acquisition has a combined capacity of 40,000 tones/annum. Green Fiber International Inc. offers high-quality recycled PET bottle flakes for food contact to the US West Coast packaging market since 2018. This acquisition extends IVL's recycled flake supply chain to the West Coast, allowing us to further support the efforts of our customers in the water and soft drinks industry to ensure that PET bottles are recycled and put to further use, thus ensuring the creation of a circular economy.

The EPA has identified rubber tire manufacturing facilities as major sources of hazardous air pollutants (HAP) emissions. These standards will implement section 112(d) of the Clean Air Act (CAA) by requiring all such major sources to meet HAP emission standards that reflect the application of maximum achievable control technology (MACT). These HAP include hexane, toluene, formaldehyde, styrene, and methanol, which are associated with a variety of adverse health effects, such as chronic health disorders (e.g., polyneuropathy, degenerative lesions of the nasal cavity) and acute health disorders (e.g., respiratory irritation, nausea, blurred vision, and headaches). The final NESHAP reduces air toxic emissions from solvents, cement and coating material used in the tire manufacturing industry.

The Global Tire Cord Market segments and Market Data Break Down are illuminated below:
by Type (Nylon, Steel, Polyester, Rayon), Application (Radial Tires, Bias Tires), End-Use (Automotive, Passenger car tires, Bus and truck tires, Motor cycle tires, Others), Manufacturing Method (Spinning, Twisting, Cabling, Weaving, Dipping, Others)

Market Opportunities:
• Increase in the Construction Sector in Developing Countries
• Rising Demand for Mining and Construction Equipment
• Significant Growth in Infrastructure Sector

Market Drivers:
• With the growing urban population, there is an increase in the demand for vehicles. Hence there is rapid growth in the automobile industry across the globe therefore tire cords market would grow. With the increase in the construction sector, there is a need for heavy vehicles hence driving the tire cord market. The increase in demand for high-performance luxury cars is also, likely to propel the growth of this industry.

Market Trend:
• Increase in the Renovation Activities in the Developing Countries
• Growing Trend of Integrating of Automation in Industries
• Increase in the Implementation of Eco-Friendly Cord Fabric
• The rise in the Environmental Awareness

What can be explored with the Tire Cord Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyze and Measure the Global Tire Cord Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Tire Cord
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Table of Contents
Global Tire Cord Market Research Report
Chapter 1 Global Tire Cord Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Productions, Revenue (Value) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Productions, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Tire Cord Market Forecast

Finally, Tire Cord Market is a valuable source of guidance for individuals and companies.

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