Tire Cord Market: High Strength Backbone of Radial and Bias Tires for Aircraft and Automotive
- Tire cord is a class of fabrics made from the yarn of high-quality fabric. It provides abrasion resistance, high tensile strength, and controlled deformations. Major types of tire cord include steel polyester, nylon, and rayon chords. Tire chords are manufactured through various manufacturing processes such as yarn twisting, dipping, and weaving. Tire cord provide impact resistance from extreme pressure, weight, and force during the on-road performance.
- Tire cord plays a vital role in providing strong support to rubber tires. Tire cord provides support and helps keep tire in shape. It absorbs the overall weight of a vehicle and provides elongation performance and absorption. Tire cords are strong structural parts of a tire.
Key Drivers of Tire Cord Market
- Growth in the automotive industry is expected to boost the demand for tire and tire components such as cords during the forecast period. The automotive industry is highly dependent on tire and tire products for safe and secure traveling. This is anticipated to propel the demand for tire cords during the forecast period.
- Tire cords help improve the performance of vehicles and fuel consumption due to the high amount of weight and pressure needed to be absorbed for a longer duration. Tire cord is an important component in vehicle performance, as it helps increase fuel efficiency. Rise in demand for fuel-efficient vehicles across the globe is estimated to boost the tire cords market across the globe.
- Rise in trend of electric vehicles, luxury & premium cars, and self-driving cars in the automotive industry is projected to boost the tire cord market during the forecast period
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Steel Segment to Offer Lucrative Opportunities
- Based on material, the global tire cord market can be segmented into steel, nylon, rayon, polyester, aramid, and others. The steel segment is likely to account for major share of the tire cord market during the forecast period.
- Steel cord is a prominent material in the automotive industry due to its high strength and excellent mechanical compatibility to absorb weight at extreme conditions. These key benefits are projected to boost the demand for tire cords during the forecast period.
- Aerospace and automotive industries are key consumers of tire products. Tire cord helps in safe and secure landing of aircraft, as it absorbs high amount of weight and pressure at the same time. This is anticipated to drive the demand for high-quality tire cords in the near future.
Asia Pacific Expected to Hold Prominent Share of Global Tire Cord Market
- In terms of region, the global tire cord market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is a leading consumer of tire cords, followed by North America and Europe. Rise in demand for automotive vehicles in China, Japan, and South Korea is anticipated to augment the demand for tire cords during the forecast period.
- Increase in demand for electric vehicles and SUVs in the automotive industry in developing economies of Asia Pacific such as China, India, and Indonesia is anticipated to offer lucrative opportunities for manufacturers of tire and tire cords in the region
- The market in North America and Europe is projected to expand at a moderate pace in the near future due to the presence of well-established automotive suppliers and manufacturers in these regions
- Rise in import of tire cord in Latin America and Middle East & Africa due to its excellent weight and pressure absorbing advantages is likely to boost the tire cord market in these regions
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Key Players in Market
The global tire cord market is fragmented due to the presence of large numbers of manufacturers. Key players operating in the tire cord market include:
- Toray Industries Inc.
- Indorama Ventures Company Limited
- Teijin Limited
- Kolon Industries Inc.
- Kordsa Teknik Tekstil A.S.
- Hyosung Corporation
- SRF Limited
The Tire Cord Market report focuses on global major leading market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
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This industry analysis report also covers very important aspect which is competitive intelligence and with this businesses can gain competitive advantage to thrive in the market.
Ask for Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-tire-cord-market Rising production of vehicles across the globe, rapid urbanization along with changing lifestyle of the people, rising preferences of high quality material are some of the factors that will likely to enhance the growth of the tire cord market in the forecast period of 2020-2027.
On the other hand, growing automotive industry along with rising demand of electric vehicles which will further boost various opportunities that will lead to the growth of the tire cord market in the above mentioned forecast period.
The study conducted in Tire Cord market report spans heterogeneous markets in accord with the requirement of Chemical and Materials industry and scoop out the best possible solutions and meticulous information about the market trends.
The latest trending report Global Tire Cord Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Tire Cord market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.6% in the forecast period of 2020 to 2025 and will expected to reach USD 3501.5 million by 2025, from USD 3039.8 million in 2019.The Tire Cord market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/48429-tire-cord-industry-analysis-reportThe major players covered in Tire Cord are: Bekaert SRF FORMOSA TAFFETA Century Enka Kolon Industries CORDENKA Xingda International Indorama Ventures Public Hyosung TeijinBy Type, Tire Cord market has been segmented into Steel Tire Cord Polyester Tire Cord Nylon Tire CordBy Application, Tire Cord has been segmented into: Passenger Car Commercial VehicleThe report offers in-depth assessment of the growth and other aspects of the Tire Cord market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Tire Cord Market @ https://www.decisiondatabases.com/contact/download-sample-48429The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Tire Cord product scope, , market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Tire Cord, with price, sales, revenue and global market share of Tire Cord in 2018 and 2019.Chapter 3, the Tire Cord competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Tire Cord breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Tire Cord market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Tire Cord sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Tire Cord Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-48429Other Reports by DecisionDatabases.com:Global Tire Pressure Gauge Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Tubeless Tires Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Smart Tires Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
Tire cord market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
To gain more info on the tire cord market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.Download Sample Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-non-phthalate-plasticizers-market The tire cord market will reach an estimated valuation of USD 7.76 Billion by 2027 while registering this growth at a rate of 5.70% for the forecast period of 2020 to 2027.
Tire cord market report analyses the growth, which is currently being growing due to the increasing demand for the construction as well as mining equipment.
Rising production of vehicles across the globe, rapid urbanization along with changing lifestyle of the people, rising preferences for high-quality material are some of the factors that will likely to enhance the growth of the tire cord market in the forecast period of 2020-2027.
On the other hand, the growing automotive industry along with the rising demand for electric vehicles will further boost various opportunities that will lead to the growth of the tire cord market in the above-mentioned forecast period.
Get TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-tire-cord-marketYou will get answers for following questions like What CGAR Tire Cord Market?What is the estimated valuation for the automotive intelligence battery sensor market?Who are the key players of the Tire Cord Market?What are the technology segments of the Tire Cord Market?The Key players included in the Tire Cord Market key report Hybrid Cord, IncIndorama Ventures Public Company Limited.Teijin Aramid B.V.Kolon Industries, Inc.Kordsa Teknik Tekstil A.Ş.HYOSUNG.SRF LimitedAsahi Kasei Corporation BAYGOLD GROUP LIMITED The countries covered in the Tire Cord Market report are U.S.Canada and Mexico in North AmericaGermanyFrance U.K.NetherlandsSwitzerland full report @ https://www.databridgemarketresearch.com/reports/global-tire-cord-market About Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches.
