Global Tire Cord Fabrics Market Size is valued nearly at USD 13.1 billion by 2018 and it is estimated to reach up to USD xx.xx billion by 2025. According to the latest study of the industry experts and our analyst is conducted, and then the global market is expected to grow at a CAGR of 3.53% during the forecast period that is 2018-2025. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global tire cord fabrics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global tire cord fabrics market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Segment Analysis

By Material Insights: The tire cord fabrics market material is divided into nylon, polyester, rayon, and others. Properties of nylon are the ability to provide high strength, tenacity, toughness, relatively superior fatigue resistance, and good adhesion to rubber. The nylon type material is estimated to register the highest CAGR, in terms of value, the tire cord fabrics market. The growth of the nylon segment is expected to the increasing demand for high-strength tire cord fabrics from different vehicle types, including passenger cars, lightweight vehicles, and heavyweight vehicles. The tire cord market directly impacts the automotive demand and other vehicles that need tires for locomotive ability.

By Tire Type Insights: Tire types are Radial Tire, Bias Tire. Bias tires are manufacturing technology used which renders the tires with high load capacities at low costs. By application of a bias tire market is divided into passenger cars, trucks, and others. By passenger car type application is used cars that run off on bias tires. By truck type application is used for heavy-duty trucks and lorries is that run on bias tires and have to mostly playoff-road. By truck type application is used for comprises heavy-duty trucks and lorries are that run on bias tires and have to mostly ply off-road.

Regional Analysis

The global tire cord fabrics market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The Asia Pacific is expected to be the fastest growing region in the global tire cord fabrics market Because of increasing industrialization and growth in car production industry of the region. Increasing demand for end-user industries such as car production industries and others in growing countries such as India and China are expected to help in the growth of tire cord fabrics market over the forecast period.

Global Tire Cord Fabrics Market Size, Share Analysis By Region 2017

North America and Europe market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.    

Global Tire Cord Fabrics Market Study Objective

1. To forecast the market size of tire cord fabrics market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of tire cord fabrics market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of tire cord fabrics market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of tire cord fabrics market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the tire cord fabrics market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Player

The key players operating in the market are Firestone Fibers & Textile Company, Kordarna Plus A.S., Cordenka GmbH & Co. KG Inc., Tokusen Inc, Teijin Ltd., Milliken & Company Inc.,  Indorama Ventures Company Limited, Kolon Industries Inc., Hyosung Corporation, SRF Limited,  Kordsa Teknik Tekstil A.S., Teijin Limited, and Toray Industries Inc and others.

Global Tire Cord Fabrics Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment, and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities, and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review, and market predication & projection to develop effective strategies for optimizing their market position.