Tire Cord Market: In-Depth Exploration of Key Players and Forecast to 2024-2031 - SRF Limited, Kolon Industries Inc, Tire Cord USA.

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

The Tire Cord market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Tire cord is a reinforcing material used in the construction of tires to enhance durability and performance. It is typically made of polyester, nylon, or aramid fibers. These cords improve traction, strength, and resistance to wear and tear. Tire cord technology helps maintain tire shape and performance under high stress. It plays a vital role in automotive and industrial vehicle applications.

Forecast Growth Projected:

The Global Tire Cord Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

Industry Development:

On September 28, 2022, Kolon Industries Inc. announced the completion of its tire cord production plant expansion in Binh Duong Province, Vietnam. This expansion is part of the company's strategy to enhance production capacity and strengthen its global competitiveness in the tire reinforcement materials market. With increased output, Kolon Industries aims to meet rising demand from the automotive industry and solidify its presence as a key supplier in the global tire cord market.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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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.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Tire Cord Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Tire Cord market?

➠ Who are the global key manufacturers of the Tire Cord Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Tire Cord market opportunities and threats faced by the vendors in the global Tire Cord Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Tire Cord market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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