Global Polyester Tire Cord Fabrics Market Size study, by Tire Type (Radial Tire and Biased Tire), Application (Passenger Cars, Commercial Vehicles, and Other Applications), and Regional Forecasts 2022-2028

Global Polyester Tire Cord Fabrics Market Size study, by Tire Type (Radial Tire and Biased Tire), Application (Passenger Cars, Commercial Vehicles, and Other Applications), and Regional Forecasts 2022-2028

Global Polyester Tire Cord Fabrics Market is valued at approximately USD XXX million in 2021 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2022-2028. A class of reinforcing fabric made of yarns of the highest calibre is polyester tire cord textiles. It is made using several procedures, such as polymerization, extraction, and drying, melt spinning to create tire yarn, and twisting and plying to create cable from tire yarn. All varieties of radial and biased tires, including medium and heavy duty as well as light commercial tires, are reinforced throughout the manufacturing process using polyester tire cord textiles. The market is driven by increasing Preference for Fuel Efficient Tires and rising Demand for Passenger Cars in the Emerging Economies. The Organization International des Constructers automobiles (OICA) reports that global passenger car sales increased to 56.39 million in 2021 from 53.91 million in 2020. This increased demand for polyester tire cord textiles led to increased tire production for a variety of vehicle types. Additionally, 57,054,295 passenger automobiles were produced in 2021, an increase of 2% from the 55,908,989 units produced in 2020. Furthermore, demand for Eco-Friendly Tire Cord Fabrics creates lucrative opportunities in the upcoming years. However, Cost-Sensitiveness of the Automotive Industry impedes the growth of the market over the forecast period of 2022-2028

The key regions considered for the global Polyester Tire Cord Fabrics Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is leading the global market share and expected to be the fastest growing region in the forecast years. Factors supporting towards the market growth are growing demand for fuel-efficient cars and rising adoption of electrical vehicles in the countries.

Major market players included in this report are:
Indorama Ventures Public Company Limited
Kordsa Teknik Tekstil A.S.
Madura Industrial Textiles Ltd.
Teijin Frontier(U.S.A.),Inc.
Toray Industries, Inc.
KORDRNA Plus a.s.
Kolon Industries Inc.
HYOSUNG
SRF Limited
Zhejiang Hailide New Material Co. Ltd

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Tire Type:
Radial Tire
Biased Tire
By Application:
Passenger Cars
Commercial Vehicles
Other Applications

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Polyester Tire Cord Fabrics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Indorama Ventures Public Company Limited
Kordsa Teknik Tekstil A.S.
Madura Industrial Textiles Ltd.
Teijin Frontier(U.S.A.),Inc.
Toray Industries, Inc.
KORDRNA Plus a.s.
Kolon Industries Inc.
HYOSUNG
SRF Limited
Zhejiang Hailide New Material Co. Ltd

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