Tire Cord Market Growth: Regional Breakdown, Segmentation, and Key Players Forecast to 2024-2031 | Indorama Ventures, SRF Limited, Kolon Industries Inc.

DataM Intelligence has released a new research report on the Tire Cord market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Tire Cord Market is anticipated to reach at a CAGR of 17.6% during the forecast period.

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The tire cord market focuses on the production and supply of high-strength materials used in the manufacturing of tires, primarily polyester, nylon, and steel cords. These tire cords enhance the durability, safety, and performance of tires, making them essential in the automotive, aviation, and industrial sectors. The market is driven by the increasing demand for vehicles, growing emphasis on fuel efficiency and safety standards, and advancements in tire technology. Additionally, the rise in electric vehicles (EVs) and sustainable practices in tire manufacturing are creating new opportunities for growth. The ongoing shift towards lightweight and high-performance tires is also shaping the market dynamics.

List of the Key Players in the Tire Cord Market:

Indorama Ventures, SRF Limited, Kolon Industries Inc, Tire Cord USA, TEIJIN LIMITED, HYOSUNG, Kordsa Teknik Tekstil A.S., Toray Hybrid Cord, Inc, Century Enka Limited, Firestone Fibers & Textile Company, among others.

Market Dynamics:

Growing Demand for Eco-Friendly Manufacturing Boosts Tire Cord Market Share

The increasing emphasis on eco-friendly manufacturing is significantly driving the global tire cord market. Sustainable manufacturing technologies offer numerous financial, environmental, and product quality benefits, leading many manufacturers to prioritize sustainability. Major companies, including Continental, Kordsa, and Teijin, are actively implementing various sustainable practices to produce eco-friendly tires that comply with regulatory standards and contribute to environmental conservation.

For example, back in 2008, Teijin Fibers Limited began supplying chemically recycled Ecopet Plus polyester fibers for the tire cords used in Toyo Tire & Rubber's Proxes Ne tires, which are specifically designed for environmentally conscious passenger vehicles. By embracing eco-friendly and sustainable tire manufacturing practices, companies can enhance operational efficiency, reduce costs and waste, attract new customers, and strengthen their competitive edge.

Additionally, adopting these practices helps protect and enhance brand reputation, build public trust, and ensure compliance with regulatory constraints while minimizing environmental impact. This growing commitment to sustainability is expected to continue propelling the tire cord market forward, as more manufacturers seek to align with consumer preferences and environmental goals.

Research Process:

Both primary and secondary data sources have been used in the global Tire Cord Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Tire Cord Market:

By Material: Polyester, Nylon, Rayon, Aramid, Polyethylene terephthalate, Steel, Hybrid.

By Process: Fiber, Yarn Twisting, Weaving, Dipping.

By Tire: Radial, Biased.

By Application: Light Commercial Vehicles, Passenger Cars, Heavy-Duty Vehicles, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Tire Cord market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Tire Cord Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Tire Cord market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Tire Cord Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Tire Cord market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Tire Cord market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Tire Cord market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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