Global Tire Cord Fabrics Market Size, Share & Trends Analysis Report 2023-2030 Featuring Indorama Ventures, Kolon Industries, SRF, TEIJIN, and Century Enka

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Jan 02, 2024, 15:30 ET

DUBLIN , Jan. 2, 2024 /PRNewswire/ -- The "Global Tire Cord Fabrics Market Size, Share & Trends Analysis Report by Material (Nylon, Polyester), Tire Type (Radial, Bias), Vehicle Type, Application, Region, and Segment Forecasts, 2023-2030" report has been added to ResearchAndMarkets.com's offering.

The global tire cord fabrics market size is expected to reach USD 6.94 billion by 2030, expanding at a CAGR of 3.3% from 2023 to 2030, according to the report. Growing product utilization to reduce the overall weight of the tire and to improve its wear resistance and dimensional stability are projected to drive the market growth.

Emerging economies such as India, China, Vietnam, and Indonesia are generating a huge demand for passenger cars and thereby tires, owing to rising per capita income levels in these countries. Moreover, the presence of major tire manufacturing capacities in these countries is further driving the market for tire cord fabrics in these countries.

Nylon, polyester, and rayon are some of the most commonly used materials for manufacturing of tire cord fabrics. Tire cord fabric reinforced rubber plies provide superior dimensional stability, durability, and load-carrying capacity to the tires. However, aramid fiber-based fabrics are witnessing rising adoption owing to its higher strength and low weight.

Major manufacturers are making increasing use of hybrid cord fabrics that comprise two different materials with different initial tangent modulus. These fabrics are progressively replacing steel cord based fabrics in the high-performance tires owing to their comparable performance characteristics and relatively lightweight property.

Tire Cord Fabrics Market Report Highlights

The commercial vehicle type segment is projected to expand at a notable CAGR over the projected period. on account of increasing product use in the production of wear resistant tires with superior load carrying capacity
The passenger cars segment accounted for the largest revenue share of 78.6% in 2022 and is further expected to expand at the fastest CAGR of 3.5% through 2030
Increased consumer awareness about the rolling resistance and growing demand for radial tires are some of the major factors driving segment growth.
Manufacturers are continually expanding their geographic footprint in the major tire manufacturing countries across the world and cater to the just-in-time manufacturing needs of the tire manufacturing companies

Company Profiles

Indorama Ventures Public Company Limited
Kolon Industries Inc.
SRF Ltd.
TEIJIN LIMITED
Century Enka Limited

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Tire Cord Fabrics Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Tire Cord Fabrics Market Analysis Tools
3.6.1. Industry analysis - Porter's Five Forces
3.6.2. PESTEL analysis

Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies

Chapter 5. Tire Cord Fabrics Market: Material Estimates & Trend Analysis
5.1. Tire Cord Fabrics Market: Key Takeaways
5.2. Tire Cord Fabrics Market: Material Movement & Market Share Analysis, 2022 & 2030
5.3. Nylon
5.3.1. Nylon market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
5.4. Polyester
5.5. Rayon
5.6. Others

Chapter 6. Tire Cord Fabrics Market: Tire Type Estimates & Trend Analysis
6.1. Tire Cord Fabrics Market: Key Takeaways
6.2. Tire Cord Fabrics Market: Tire Type Movement & Market Share Analysis, 2022 & 2030
6.3. Radial
6.4. Bias

Chapter 7. Tire Cord Fabrics Market: Vehicle Type Estimates & Trend Analysis
7.1. Tire Cord Fabrics Market: Key Takeaways
7.2. Tire Cord Fabrics Market: Vehicle Type Movement & Market Share Analysis, 2022 & 2030
7.3. Passenger Cars
7.4. Commercial Vehicles

Chapter 8. Tire Cord Fabrics Market: Application Estimates & Trend Analysis
8.1. Tire Cord Fabrics Market: Key Takeaways
8.2. Tire Cord Fabrics Market: Application Movement & Market Share Analysis, 2022 & 2030
8.3. OEM
8.4. Replacement

Chapter 9. Tire Cord Fabrics Market: Regional Estimates & Trend Analysis
9.1. Regional Outlook
9.2. Tire Cord Fabrics Market by Region: Key Takeaways

Chapter 10. Competitive Landscape
10.1. Recent Developments & Impact Analysis, By Key Market Participants
10.2. Market Participant Categorization
10.2.1. Company overview
10.2.2. Financial performance
10.2.3. Product benchmarking
10.2.4. Strategic initiatives

For more information about this report visit https://www.researchandmarkets.com/r/orrhio

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