Reinforced Green Tire Cord Fabric Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

Reinforced Green Tire Cord Fabric Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

The global reinforced green tire cord fabric market was valued at USD125 Million in 2021 and is projected to register growth at a double-digit CAGR of 12% during the forecast period, 2023-2027. The market growth can be attributed to rising demand for passenger cars and an upsurge in demand for green products. Besides, growing concerns about depleting environment and stringent measures taken by the governments and authorities to ensure low energy consumption, improve the production of green energy, and reduce growing toxins in the environment are also expected to aid the growth of the global reinforced green ire cord fabric market in the next five years.

Fabric reinforcement is employed in tire cords to keep tires in the proper shape. They are typically made of rayon, polyester, nylon, and aramid. These components give tires more stiffness, improving vehicle handling and stability. Reinforced green tire cord fabrics are created using recycled PET, nylon 66, aramid, and other materials. Utilizing such materials helps promote the idea of a green world by reducing the consumption of plastics and other polymers that could harm the environment. Recycled items also help reduce pollution.

Surging demand for passenger cars and commercial vehicles owing to increasing urban mobility and rising personal disposable income in the developing economies are positively influencing the growth of the global reinforced green tire cord fabric market. In addition to sales of new cars, the demand for refurbished vehicles is also increasing, which is creating more demand for reinforced green tire cord fabric.

The global reinforced green tire cord fabric market is segmented on the basis of material type, application, distribution channel, regional distribution, and competitive landscape. Based on material type, the market is further segmented into recycle PET, recycle nylon 66, recycle aramid, and others. Recycle nylon 66 is expected to register the highest growth in the global reinforced green tire cord fabric market, owing to its properties such as superior fatigue resistance, high tenacity, and improved adhesion.

Key players operating in the global reinforced green tire cord fabric market are Kordsa Teknik Tekstil AS, Indorama Ventures Ltd., SRF Ltd., Century Enka Ltd., Hyosung Industries Co. Limited, Hengli Group, Shinkong Synthetic Fibers Corporation, Kolon Industries Inc., Toray Industries Inc, Teijin Ltd., among others.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023–2027

Objective of the Study:

• To analyze the historical growth in the market size of the global reinforced green tire cord fabric from 2017 to 2021.
• To estimate and forecast the market size of global reinforced green tire cord fabric market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the global reinforced green tire cord fabric market based on material type, application, distribution channel, region, and company.
• To identify the dominant region or segment in the global reinforced green tire cord fabric market.
• To identify drivers and challenges for the global reinforced green tire cord fabric market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global reinforced green tire cord fabric market.
• To identify and analyze the profiles of leading players operating in the global reinforced green tire cord fabric market.
• To identify key sustainable strategies adopted by market players in global reinforced green tire cord fabric market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of the Global reinforced green tire cord fabric market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global reinforced green tire cord fabric market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Reinforced Green Tire Cord Fabric Market, By Material Type:
• Recycle PET
• Recycle Nylon 66
• Recycle Aramid
• Others
• Reinforced Green Tire Cord Fabric Market, By Application:
• Passenger Car
• Light Commercial Vehicle
• Medium & Heavy Commercial Vehicle
• Two Wheeler
• Three Wheeler
• Others
• Reinforced Green Tire Cord Fabric Market, By Distribution Channel:
• Direct
• Indirect
• Reinforced Green Tire Cord Fabric Market, By Region:
• North America
• United States
• Mexico
• Canada
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Vietnam
• Europe & CIS
• France
• Germany
• United Kingdom
• Italy
• Russia
• South America
• Brazil
• Argentina
• Colombia
• Chile
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global reinforced green tire cord fabric market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights