Automotive Industry to Drive Tire Cord Fabric Market
Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-48358 Format: PDF Pages: 300
Report Highlights
According to a research survey conducted by ChemView Consulting, in Tire Cord Fabric Market was worth US $ 6.41 Bn. The market is expected to grow at a CAGR of 5.59 % between 2023 and 2033 to hit US $ 11.04 Bn by 2033 end.
Key Market Trends
Increasing Demand for Tire Cord Fabric in Automotive Industry
The automotive industry is increasingly relying on tire cord fabric to manufacture tires, as it offers superior strength and durability. This is driving the demand for tire cord fabric in the automotive industry, as manufacturers look to produce tires that can withstand the rigors of the road.
Growing Use of Tire Cord Fabric in Industrial Applications
Tire cord fabric is increasingly being used in industrial applications, such as conveyor belts, hoses, and other industrial components. This is due to its superior strength and durability, which makes it ideal for use in these applications. As a result, the demand for tire cord fabric in industrial applications is growing, as manufacturers look to produce components that can withstand the rigors of industrial use.” “1.
Market Drivers
Automotive Industry Revving Up Demand for Tire Cord Fabric
The automotive industry is experiencing a surge in demand for vehicles, which is driving up the need for tire cord fabric. As more cars are produced, the demand for tire cord fabric increases, as it is a key component in the production of tires. This increased demand is creating a lucrative opportunity for tire cord fabric manufacturers, as they are able to capitalize on the growing demand for their product.
Tire Safety Awareness Boosts Demand for Tire Cord Fabric
As consumers become more aware of the importance of tire safety, they are increasingly demanding tires that are made with high-quality tire cord fabric. This is driving up the demand for tire cord fabric, as manufacturers are now being held to a higher standard when it comes to the quality of their product. This increased demand is creating a great opportunity for tire cord fabric manufacturers, as they are able to capitalize on the growing demand for their product.
Technological Innovations Fueling Demand for Tire Cord Fabric
Technological advancements have enabled tire cord fabric manufacturers to produce higher-quality products at a lower cost. This has resulted in an increased demand for tire cord fabric, as manufacturers are now able to produce tires that are more durable and reliable. This increased demand is creating a great opportunity for tire cord fabric manufacturers, as they are able to capitalize on the growing demand for their product.
Segmentation Insights
The tire cord fabric market can be analyzed based on material, tire type, application, and vehicle type.
Market Analysis by Material
Tire cord fabric is made of various materials such as polyethylene napthalate, polyester, nylon, rayon, aramid, and others. Among them, the polyester segment holds the largest market share due to its high durability, excellent heat resistance, and cost-effectiveness.
Market Analysis by Tire Type
The tire cord fabric market can be segmented into radial and bias tires. Radial tires are widely used in passenger cars, commercial vehicles, and heavy-duty vehicles, owing to their improved handling, fuel efficiency, and safety features. Hence, the radial tire segment is expected to hold a larger market share in the forecast period.
Market Analysis by Application
The tire cord fabric market can be segmented based on application into original equipment manufacturer (OEM) and replacement. The OEM segment is expected to hold a larger market share due to the increasing demand for new vehicles globally.
Market Analysis by Vehicle Type
The tire cord fabric market can be segmented based on vehicle type into passenger cars, light commercial vehicles, heavy-duty vehicles, two-wheelers, tractors, and others. The passenger car segment is expected to hold the largest market share due to the increasing demand for vehicles globally.
Regional Insights
North America: Get Ready for the Future of Tire Cord Fabric with North American Solutions
North America is a leader in the tire cord fabric market, offering innovative solutions that are designed to meet the needs of the future. With advanced technology and materials, North American tire cord fabric solutions are designed to provide superior performance and durability. North American tire cord fabric is designed to provide superior quality and performance. With advanced materials and technology, North American tire cord fabric solutions are designed to meet the needs of the future. With superior quality and performance, North American tire cord fabric is the best choice for your tire cord fabric needs.
Asia-Pacific: Get Ahead of the Curve with Asian Tire Cord Fabric Solutions
Asia-Pacific is a leader in the tire cord fabric market, offering innovative solutions that are designed to meet the needs of the future. With advanced technology and materials, Asian tire cord fabric solutions are designed to provide superior performance and durability. Get ahead of the curve with Asian tire cord fabric solutions. Asian tire cord fabric is designed to provide superior quality and performance. With advanced materials and technology, Asian tire cord fabric solutions are designed to meet the needs of the future. With superior quality and performance, Asian tire cord fabric is the best choice for your tire cord fabric needs.
Research Scope/Taxonomy
Market Analysis by Material
Market Analysis by Tire Type
Market Analysis by Application
Market Analysis by Vehicle Type
Market analysis by region:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & Research Form
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7.1. Cross Analysis of Material W.R.T. Tire Type
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Tire Typer Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Material Landscape
10.1. Introduction
10.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Material [Value (US$ Mn) and Volume (Tons) Analysis]
10.2.1. Polyethylene Napthalate
10.2.2. Polyester
10.2.3. Nylon
10.2.4. Rayon
10.2.5. Aramid
10.2.6. Others
10.2.7. Synthetic Chemicals
10.2.8. Market Attractiveness Analysis by Material
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Tire Type [Value (US$ Mn) and Volume (Tons) Analysis]
11.2.1. Radial Tire
11.2.2. Bias Tire
11.2.3. Market Attractiveness Analysis by Tire Type
12.1. Introduction
12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
12.2.1. OEM
12.2.2. Replacement
12.2.3. Market Attractiveness Analysis by Application
13.1. Introduction
13.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Vehicle Type [Value (US$ Mn) and Volume (Tons) Analysis]
13.2.1. Passenger Cars
13.2.2. Light Commercial Vehicles
13.2.3. Heavy Duty Vehicles
13.2.4. Two Wheelers
13.2.5. Tractors
13.2.6. Others
13.2.7. Market Attractiveness Analysis by Vehicle Type
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. North America
14.3.2. Latin America
14.3.3. Europe
14.3.4. Asia-Pacific
14.3.5. Middle East
14.3.6. Africa
14.4. Market Attractiveness Analysis by Region
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country
15.3.1.1. U.S.
15.3.1.2. Canada
15.3.2. By Material
15.3.3. By Tire Type
15.3.4. By Application
15.3.5. By Vehicle Type
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Material
15.4.3. By Tire Type
15.4.4. By Application
15.4.5. By Vehicle Type
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. Brazil
16.3.1.2. Mexico
16.3.1.3. Rest of Latin America
16.3.2. By Material
16.3.3. By Tire Type
16.3.4. By Application
16.3.5. By Vehicle Type
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Material
16.4.3. By Tire Type
16.4.4. By Application
16.4.5. By Vehicle Type
17.1. Introduction
17.2. Key Market Trends
17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.3.1. By Country
17.3.1.1. Germany
17.3.1.2. Italy
17.3.1.3. France
17.3.1.4. UK
17.3.1.5. Spain
17.3.1.6. Netherlands
17.3.1.7. Norway
17.3.1.8. Russia
17.3.1.9. Rest of Europe
17.3.2. By Material
17.3.3. By Tire Type
17.3.4. By Application
17.3.5. By Vehicle Type
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Form
17.4.3. By Tire Type
17.4.4. By Application
17.4.5. By Vehicle Type
18.1. Introduction
18.2. Key Market Trends
18.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.3.1. By Country
18.3.1.1. China
18.3.1.2. Japan
18.3.1.3. South Korea
18.3.1.4. India
18.3.1.5. Indonesia
18.3.1.6. Thailand
18.3.1.7. Vietnam
18.3.1.8. Australia & New Zealand
18.3.1.9. Rest of Asia-Pacific
18.3.2. By Material
18.3.3. By Tire Type
18.3.4. By Application
18.3.5. By Vehicle Type
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Material
18.4.3. By Form
18.4.4. By Tire Type
18.4.5. By Application
18.4.6. By Vehicle Type
19.1. Introduction
19.2. Key Market Trends
19.3. Pricing Analysis
19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
19.4.1. By Country
19.4.1.1. Saudi Arabia
19.4.1.2. Turkey
19.4.1.3. U.A.E.
19.4.1.4. Rest of the Middle East
19.4.2. By Material
19.4.3. By Form
19.4.4. By Tire Type
19.4.5. By Application
19.4.6. By Vehicle Type
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Material
19.5.3. By Tire Type
19.5.4. By Application
19.5.5. By Vehicle Type
20.1. Introduction
20.2. Key Market Trends
20.3. Pricing Analysis
20.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
20.4.1. By Country
20.4.1.1. South Africa
20.4.1.2. Nigeria
20.4.1.3. Egypt
20.4.1.4. Rest of Africa
20.4.2. By Material
20.4.3. By Form
20.4.4. By Tire Type
20.4.5. By Application
20.4.6. By Vehicle Type
20.5. Market Attractiveness Analysis
20.5.1. By Country
20.5.2. By Material
20.5.3. By Tire Type
20.5.4. By Application
20.5.5. By Vehicle Type
21.1. Tier Structure Breakdown
21.2. Market Share Analysis
21.3. Production Capacity Analysis
21.4. Company Footprint Analysis
21.4.1. Product Footprint of Players
21.4.2. Regional Footprint of Players
21.4.3. Channel Footprint of Players
21.5. Brand Preference Analysis
21.6. Competition Dashboard
22.1. Indorama Ventures Public Company Limited.
22.1.1. Company Overview
22.1.2. Product & Financial Portfolio
22.1.3. Manufacturing Facilities
22.1.4. Recent Developments
22.1.5. SWOT Analysis
22.1.6. Strategy Overview
22.2. Kolon Industries, Inc.
22.3. Mitsubishi Chemical Corporation
22.4. Hyosung Group
22.5. Toray Industries, Inc.
22.6. Solvay SA
22.7. SGL CARBON SE
22.8. Bridgestone Corporation
22.9. Arkema group
22.10. KORDSA TEKN?K TEKST?L ANON?M ??RKET?
22.11. BASF SE.
22.12. Others