Global Tire Cords Market Growth 2024-2030

Global Tire Cords Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Tire Cords market size was valued at US$ 5244.7 million in 2023. With growing demand in downstream market, the Tire Cords is forecast to a readjusted size of US$ 6986 million by 2030 with a CAGR of 4.2% during review period.

The research report highlights the growth potential of the global Tire Cords market. Tire Cords are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Tire Cords. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Tire Cords market.

Tire cords are reinforcement used to maintain the shape of a tire. They are made primarily of polyester, nylon, aramid and rayon.Tire cords with higher rigidity give the vehicle better handling and stability. Those with lower rigidity provide a more comfortable ride.

Key Features:

The report on Tire Cords market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Tire Cords market. It may include historical data, market segmentation by Type (e.g., Polyester Tire Cord, Hybrid Tire Cord), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Tire Cords market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Tire Cords market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Tire Cords industry. This include advancements in Tire Cords technology, Tire Cords new entrants, Tire Cords new investment, and other innovations that are shaping the future of Tire Cords.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Tire Cords market. It includes factors influencing customer ' purchasing decisions, preferences for Tire Cords product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Tire Cords market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Tire Cords market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Tire Cords market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Tire Cords industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Tire Cords market.

Market Segmentation:

Tire Cords market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Polyester Tire Cord
Hybrid Tire Cord

Segmentation by application
Radial Tires for Passenger Cars
Premium Tires

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Kolon Industries
Oriental Industries
Toray Hybrid Cord, Inc
Bekaert
Century Enka Limited
Cordenka GmbH and Co Kg
Formosa Taffeta Co., Ltd
Hyosung Corporation
Indorama Ventures Public Company Limited
Xingda International
Kordarna Plus A.s
Kordsa Global Endustriyel Iplik Ve Kord Bezi Sanayi Ve Ticaret As
SRF Limited
Teijin Limited

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tire Cords market?

What factors are driving Tire Cords market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Tire Cords market opportunities vary by end market size?

How does Tire Cords break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.