Tire Cord Fabric Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global Tire Cord Fabric Market size was valued at USD 5.5 billion in 2019 and is expected to grow at a CAGR of 3% from 2021 to 2027. Growing demand for passenger cars in developing countries Along with increasing demand Durable fuel economy tires are expected to drive product demand over the forecast period. The increased penetration of electric vehicles is expected to have a positive impact on demand. Conventional tires wear about 30% faster on electric vehicles (EVs) than on conventional vehicles. Therefore, manufacturers are using aramid fiber to produce very light and wear-resistant tires specialized for the electric vehicle industry. Nylon tire cord fabric dominates the US market. In the manufacture of lightweight, wear-resistant tires for passenger cars, sport utility vehicles (SUVs), trucks and aircraft, a wide range of product utilization is expected to be a major driver of future growth.

Key Players

• Indorama Ventures Public Company Limited
• Kolon Industries Inc.
• SRF Ltd.
• Teijin Ltd.
• Century Enka Limited

Tire Cord Fabric Market Segments:

By Product

• Steel Cord
• Polyester
• Nylon
• Others

By Vehicle type

• HCV
• LCV
• Passenger cars
• Off-road vehicles and two-wheelers

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Tire Cord Fabric Market Report

• What was the Tire Cord Fabric Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Tire Cord Fabric Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Tire Cord Fabric Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.