Global Tire Cord Fabric Market 2023-2029

Tire cord fabric is a specialized industrial fabric that is used as a reinforcement material in the production of tires. It is produced using a variety of materials, including polyester, nylon, rayon, and aramid fibers, which are arranged in a specific pattern to create a strong and durable fabric. Tire cord fabric is used to reinforce tire casings, providing strength and stability to the tires, enabling them to withstand the stress and strain of ordinary driving conditions. It is typically subject to several stages of treatment including high temperature, tensioning, and adhesion-resistance treatment, which improve its performance and durability. The global tire cord fabric market is expected to increase by USD 0.8 billion, at a compound annual growth rate (CAGR) of 2.47% from 2023 to 2029, according to the latest edition of the Global Tire Cord Fabric Market Report.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global tire cord fabric market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the material, tire type, vehicle type, application, and region. The global market for tire cord fabric can be segmented by material: nylon, polyester, rayon, others. According to the research, the polyester segment had the largest share in the global tire cord fabric market. Tire cord fabric market is further segmented by tire type: radial, bias. In 2022, the radial segment made up the largest share of revenue generated by the tire cord fabric market. Based on vehicle type, the tire cord fabric market is segmented into: passenger car, commercial vehicles, others. Among these, the passenger car segment was accounted for the highest revenue generator in 2022. On the basis of application, the tire cord fabric market also can be divided into: OEM, replacement. The replacement segment captured the largest share of the market in 2022. Tire cord fabric market by region is categorized into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America.

Market Segmentation
By material: nylon, polyester, rayon, others
By tire type: radial, bias
By vehicle type: passenger car, commercial vehicles, others
By application: OEM, replacement
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides analysis of the key companies of the industry and their detailed company profiles including Century Enka Limited, Cordenka GmbH & Co KG, Formosa Taffeta Co., Ltd., Hyosung Corporation, Indorama Ventures Public Company Limited, Junma Tyre Cord Company Limited, Kolon Industries Inc., Kordsa Teknik Tekstil AS, Milliken & Company, Shenma Industrial Co., Ltd., SRF Ltd., Teijin Limited, Toray Industries, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global tire cord fabric market.
• To classify and forecast the global tire cord fabric market based on material, tire type, vehicle type, application, region.
• To identify drivers and challenges for the global tire cord fabric market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global tire cord fabric market.
• To identify and analyze the profile of leading players operating in the global tire cord fabric market.

Why Choose This Report
• Gain a reliable outlook of the global tire cord fabric market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.