Press release
Tire Cord And Tire Fabrics Market trends for 2015 & industry forecast to 2024
Tire Cord and Tire Fabrics Market revenue is expected to experience a significant upsurge over the coming years, augmented by mergers & acquisitions, joint ventures, and product innovations. Recently, Indorama Ventures, a petrochemical producing firm based in Thailand, has decided to acquire Glanzstoff, a leading European manufacturer of tire raw materials as well as its supplier to key tire manufacturing firms in Europe. Glazstoff collects a revenue of nearly USD 190 million annually and is ranked second in rayon tire cords production across the globe.By acquiring Glanzstoff, Indorama aims to enhance its nylon & polyester fiber production for high performing lightweight tires, most popularly used in self-driving automobiles and electric cars. It is predicted that the worldwide demand for high performing lightweight tires across luxury, self-driving, and electric cars sectors will grow at an annual rate of 4 % to 7% over the coming five years, thereby generating lucrative growth opportunities for tire cord and tire fabrics industry.
Global Market Insights has a new study based report titled " Tire Cord And Tire Fabrics Market Size By Product (Steel Cord, Polyester, Nylon Dipped Cord, Rayon Cord), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".
Request for sample pages of this report@
https://www.gminsights.com/request-sample/detail/850
The report offers all-inclusive analysis of:
1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period
The thriving automotive sector is forecast to make notable contributions towards tire cord and tire fabrics industry size over the years ahead, driven by the growing use of the product in vehicle production. South Korea, Japan, China, U.S., and India, which accounted for over 50% of the total vehicle production in 2015, are expected to contribute significantly towards the global demand for vehicles over the next few years. According to Global Market Insights, Inc., “Tire cord and tire fabrics industry value, estimated at USD 3.85 billion in 2015, is slated to hit USD 6.4 billion by 2024.”
The Tire Cord And Tire Fabrics Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Tire Cord And Tire Fabrics Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
Browse Tire Cord And Tire Fabrics Market report summary@
https://www.gminsights.com/industry-analysis/tire-cord-and-tire-fabrics-market
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Tire Cord And Tire Fabrics Market Product Insights
Steel tire cord and tire fabrics market share was valued at over USD 1 billion in 2015. The segment growth is mainly propelled by the growing radial tire demand in North America. Wherein, steel reinforcement is the backbone of a radial tire owing to drive growth. Steel cord enhances the mechanical strength and tire stability and hence is extensively used in the commercial vehicles.
Polyester is anticipated to witness gains exceeding 5% CAGR over the projected period. These are extensively used in passenger car tires. It is also highly preferred in the industry owing to its desirable physical properties and low cost. Rapidly growing personal vehicle segment across the globe on account to improved consumer disposable income along with upgraded lifestyles will complement business growth.
5. Tire Cord And Tire Fabrics Market Application Insights
6. Tire Cord And Tire Fabrics Market Regional Insights
North America, led by the U.S. tire cord and tire fabrics market size was slightly over 800 million in 2015. Uplifting U.S. economy is one the prime factor propelling the regional growth significantly. In addition, the region has massive customer base for high end luxury cars and SUVs, which further complements regional growth.
Asia Pacific, particularly led by India, Japan, China, Indonesia, dominated the global tire cord and tire fabrics market share in 2015. Increasing per capita disposable income to consumers in China and India has substantially propelled the personal automotive sales in the region, consequently propelling business growth. Furthermore, the region is gathered attention from numerous automotive manufacturers including Volkswagen and Nissan towards setting up manufacturing and sales facilities in the region, owing to positively influence the regional growth by 2024.
Inquire About to purchase this research report@
www.gminsights.com/inquiry-before-buying/850
7. Competitor Profiles
The global tire cord and tire fabrics market share was largely consolidated in 2015. The major industry participants contributing the global share includes Hyosung Corp., Bekaert, Kordsa Global Inc., SRF Ltd. and Kolon Industries, Inc. other prominent participants are Teijin Ltd., Kordarna plus A.S., Firestone Fibers & textile Co., Cordenka GmbH, Tokusen USA and Milliken & Co. Inc.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Tire Cord And Tire Fabrics Market trends for 2015 & industry forecast to 2024 here
News-ID: 660482 • Views: …
More Releases from Global Market Insights, Inc
Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition.
Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small…
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to…
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a…
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This…
More Releases for Tire
Pneumatic Tire Market Worth Observing Growth | The Yokohama, Michelin, Continent …
Key Findings of Pneumatic Tire Market
• The growth of the global pneumatic tire market would be supplemented by the growing automobile sector
• The segment of radial tires accounts for the higher sales in the pneumatic tire market owing to their various advantages over cross ply tires, which include longer durability, improved performance and better mileage
• Asia Pacific is the biggest tire market and would maintain its position over the forecast period.
Download FREE Report…
Run Flat Tire Market Research Report | Top players Cooper Tire & Rubber Company, …
The global run flat tire market to gain momentum from the increasing production of commercial and passenger vehicles. Besides, these tires enable drivers to travel to the nearest service center safely, even if there is persistent loss of air from the tires. With the help of these tires, cars can be driven up to around 80km at an average speed. Fortune Business Insights(TM) provided this information in a recent report,…
Tire Recycling Market: How the Business Will Grow in 2025? Prominent Players: Mi …
Tire Recycling Industry 2019 report provides concentrated and in-depth analysis of the existing situation of the Global Tire Recycling market, along with market share, revenue, assertive perception and forecast 2025.the report also provides current Tire Recycling business situation along with a valid assessment of the Tire Recycling business. Tire Recycling report is partitioned based on driving Tire Recycling players, application and regions.
Tire recycling, or rubber recycling, is the process of…
Vacuum Tire Market Scenario Highlighting Major Drivers & Trends, 2019 – 2025 | …
Vacuum Tire Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and…
Tire derived Fuel Market | Top Key Players: Ragn-Sells Group, Liberty Tire Whole …
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Tire derived Fuel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years.…
Global Tire derived Fuel Market Research Report 2018-2025 | Global Key -Liberty …
Looking at the current trends across the Tire derived Fuel market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Tire derived Fuel Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Tire derived…
