Tire Cord and Tire Fabrics Market

Tire Cord and Tire Fabrics Market, By Product Type (Steel Cord, Polyester, Nylon Dipped Cord, Rayon Cord, Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Tire cords and tire fabrics are produced using high-quality yarns, resulting in fabrics with exceptional properties such as enhanced abrasion resistance, superior tensile strength, and precise deformation control. These versatile cords and fabrics find application in a range of industries, including air springs, rubber hoses, and expansion joints. Some examples of tire cord materials include polyester, steel, nylon, and rayon, which are utilized based on specific requirements and performance characteristics. Tire cords and fabrics produced through the use of premium yarns have superior qualities, making them highly sought-after for use in a variety of industrial applications.

Market Dynamics

Manufacturers are responding to the rising awareness of the environmental impact caused by traditional tire cord raw materials by developing bio-based and eco-friendly alternatives. This shift towards sustainable materials aims to address concerns related to carbon emissions, resource depletion, and waste generation. By utilizing bio-based materials in tire cord production, manufacturers are committed to reducing the ecological footprint of the tire manufacturing process. This emphasis on eco-friendly alternatives reflects the industry’s dedication to sustainable practices and aligns with global environmental conservation efforts. The adoption of bio-based tire cords is expected to contribute significantly to a greener approach to tire manufacturing.

Steel cords are known for their exceptional strength and ability to enhance riding comfort, making them particularly well-suited for personal cars. As consumers increasingly prioritize both safety and comfort in their vehicles, the demand for steel cords is expected to witness significant growth. The superior performance characteristics offered by steel cords, such as improved traction and stability, further contribute to their popularity among car manufacturers and consumers. This strong demand for steel cords is anticipated to drive market growth in the forecast period, as the automotive industry continues to expand globally and the need for high-quality tire components remains paramount.

Key features of the study:

• This report provides an in-depth analysis of the global tire cord and tire fabrics market and provides market size (US$ Billion) and Compound Annual Growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global tire cord and tire fabrics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered as a part of this study include Kolon Industries, Inc., Kordsa Global, Inc., Hyosung Corporation, SRF Ltd., Milliken & Company Inc., Firestone Fibers & Textile Company, Cordenka GmbH & Co. KG, Kordarna Plus A.S., Teijin Ltd., and Tokusen U.S.A., Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgrade, market expansion, and marketing tactics
• The global tire cord and tire fabrics market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global tire cord and tire fabrics market

Detailed Segmentation:

• Global Tire Cord and Tire Fabrics Market, By Product Type:
• Steel Cord
• Polyester
• Nylon Dipped Cord
• Rayon Cord
• Others
• Global Tire Cord and Tire Fabrics Market, By Region:
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• Middle East
• Africa
• Company Profiles
• Kolon Industries, Inc.
• Kordsa Global, Inc.
• Hyosung Corporation
• SRF Ltd.
• Milliken & Company Inc.
• Firestone Fibers & Textile Company
• Cordenka GmbH & Co. KG
• Kordarna Plus A.S.
• Teijin Ltd.
• Tokusen U.S.A., Inc.