Global Polyester Tire Cord Market 2024-2028
Polyester Tire Cord Market 2024-2028
The polyester tire cord market is forecasted to grow by USD 488 mn during 2023-2028, accelerating at a CAGR of 4.12% during the forecast period. The report on the polyester tire cord market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of polyester tire cords for passenger cars, advancements in tire manufacturing technology, and low-cost of polyester.
Technavio's polyester tire cord market is segmented as below:
By Application
- Automotive
- Construction
- Two wheelers
- Agriculture
- Aerospace
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing demand for and sales of electric vehicles globally as one of the prime reasons driving the polyester tire cord market growth during the next few years. Also, hybrid polyester tire cord and increasing m and a and partnerships will lead to sizable demand in the market.
The report on the polyester tire cord market covers the following areas:
- Polyester tire cord market sizing
- Polyester tire cord market forecast
- Polyester tire cord market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polyester tire cord market vendors that include Asahi Kasei Corp., BIKAWA Enterprise SDN Bhd, Century Enka Ltd., COLMANT COATED FABRICS, Far Eastern Group, Firestone Fibers and Textiles Company LLC, Formosa Taffeta Co. Ltd., HANOI INDUSTRIAL TEXTILE JSC, Hyosung Corp., Indorama Ventures Public Co. Ltd., Kolon Industries Inc., KORDARNA Plus AS, Kordsa Teknik Tekstil AS, Madura Industrial Textiles Ltd., Qingdao HL Group Ltd., Shenma Industrial Co. Ltd., SRF Ltd., Star Polymers Inc., Teijin Ltd., and Toray Industries Inc.. Also, the polyester tire cord market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.