Tire Cord Market Outlook 2024-2031: Top Key Players, Emerging Trends, and Growth Opportunities| Indorama Ventures, SRF Limited, Kolon Industries Inc.

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

tire cord Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it 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 cords are reinforcing materials used in tire construction to provide strength, durability, and stability. The market caters mainly to the automotive and transportation sectors. Steel, polyester, and nylon are common materials used. Rising vehicle production and demand for high-performance tires fuel growth. Lightweight and eco-friendly alternatives are emerging trends. Raw material price volatility impacts profitability.

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.

Growth Forecast 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.

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.

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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.

Regional Analysis for tire cord Market:

The regional analysis of the tire cord Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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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People Also Ask:

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

➠ Who are the leading manufacturers in the global tire cord industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global tire cord industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the tire cord market?

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

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