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Tire Cord & Tire Fabrics Market By Product (Polyester, Rayon Cord, Nylon Dipped Cord, Steel Cord) By Vehicle Type (Off-road Vehicles & Two Wheelers, Passenger Car, Heavy Commercial Vehicles, Light Commercial Vehicles) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

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Published: | Report ID: 11306 | Report Format : PDF

About this report

The global tire cord & tire fabrics market report explores the critical analysis of the tire cord & tire fabrics market industry using key parameters. The report consists of investment strategies, the need for investments in the tire cord & tire fabrics market industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Tire Cord & Tire Fabrics Market industry, as well as how economic and non-economic barriers are helping the Tire Cord & Tire Fabrics market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter’s five forces analysis, PESTEL analysis, value chain analysis, etc.

Tire Cord & Tire Fabrics Market

 

Key Highlights of the report

How are the major segments performing in the Tire Cord & Tire Fabrics Market?

  • In 2021, the nylon solution was the leading segment in the component. Due to the rising demand for high-strength tire cord textiles from various vehicle types, including passenger cars, lightweight vehicles, and heavyweight vehicles, the nylon segment’s growth is anticipated to continue over the projected period.
  • In 2021, the passenger car sector became the market leader. The category growth is mostly attributable to increased passenger automobile demand in developing nations and the desire for long-lasting, fuel-efficient tires.
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Which region dominated the Tire Cord & Tire Fabrics Market?

Asia Pacific region took the lead as the largest market for tire cord textiles in 2021. The area leads the industry in tire manufacture. The expansion of the regional segment was largely caused by factors like the local availability of important raw materials like natural rubber and the sharp rise in demand for passenger automobiles over the previous ten years. Throughout the projected period, Brazil’s demand for tire cord fabric is anticipated to rise at the highest CAGR. The main driving force is the rising demand for fuel-efficient vehicles. Additionally, it is anticipated that rising mining and logging activities would significantly increase demand for replacement tires, positively affecting the industry. The rise in vehicle manufacture in emerging nations like China, India, and Indonesia is blamed for the expansion.

What is the competitive environment of the Tire Cord & Tire Fabrics Market?

The tire cord & tire fabrics industry’s competitive environment offers depending on their geographic reach and the cost of their products. Major players are also implementing ecologically friendly formaldehyde-free adhesives to lessen their environmental impact. The major market players are investing heavily in R&D projects to lighten the Product and increase its wear resistance. To provide application-specific solutions, they are actively engaging with major tire producers. They are also concentrating on purchasing smaller competitors to grow their market share. For Instance, Through its extensive product portfolio, Indorama Ventures Public Company Limited can meet the unique demands of end users. The business has provided services to various end customers because of its creative goods and solutions. The business has acquired many businesses, which has helped it to improve its position in the tire cord fabric industry. For instance, Kordarna Plus S.A. was purchased by Indorama Ventures Company Limited (IVL). The firms’ product portfolios will be expanded due to the purchase, and their market position will be strengthened.

Executive Summary

What are all Technical developments being developed in the Tire Cord & Tire Fabrics Market?

Technical development for the tire cord & tire fabrics is the expanding usage of cord fabric in manufacturing aviation tires. Again, it is anticipated that strong airline sector expansion caused by expanding travel demand globally would increase demand for cord fabric in aircraft. Additionally, it is projected that rising aircraft production would support market expansion for tire cords and tire textiles throughout the projection period. Bicycle sales are rising due to increased sports participation and a rising interest in health and wellbeing, boosting market expansion. The creation of bicycle tires involves using tire cables and tire textiles. The market expansion in the bicycle sector is also projected to be fueled by rising environmental awareness and increased bicycle use for enjoyment and sports.

Which are the key investments by the players in the Tire Cord & Tire Fabrics Market?

The market for tire cord materials is seeing a growth in the focus on creating more environmentally friendly tires. Through collaborations and new product introductions, the top competitors in the tire cable fabric market are concentrating on producing durable tire cord textiles for environmentally friendly tires. For instance, in February 2022, The Indian tire industry applauded the Budget’s substantial development plans for road infrastructure and multimodal logistics facilities, viewing them as advantageous for the business. Increased road construction and infrastructure development investment are good news for the tire industry. The national highway system’s growth of 25000 km is highly advantageous. At the same time, the mobilization of Rs 20,000 crore through innovative means of finance to complement public resources strengthens the government’s will to complete infrastructure projects despite challenges. Adding PM GatiShakti Cargo Terminals for multimodal logistics facilities, according to Anshuman Singhania, the Chairman of the Automotive Tyre Manufacturers’ Association, would foster synergies and boost the effectiveness of product transportation (ATMA). For instance, in 2020, Trinseo, a leading US-based maker of plastics, latex binders, and synthetic rubber, purchased the Vinyl Pyridine Latex Business from Synthomer PLC for an unknown sum. Trinseo hopes to increase its position as a producer of high-performance tire solutions while also growing its Latex Binders business in Coatings/CASE applications with this purchase. Located in the UK, Synthomer is a chemical firm. VP Latex is produced by Synthomer’s VP Latex business and is utilized in cord textiles.

Some of the major players in the market are 

Kemrock Industries and Exports Limited, Kordsa Global, Inc., BASF SE, Arkema S.A, SGL Carbon SE, Solvay S.A., Kolon Industries, Inc., Mitsubishi Rayon Co. Ltd, Hyosung Corporation, and Toray Industries Inc.

What are the Major Driving Factors for the Tire Cord & Tire Fabrics Market?

The tire cord materials market is expanding rapidly due to rising vehicle manufacturing. Automobiles employ tire cord textiles to maintain tire form and increase tensile strength. The International Organization of Motor Vehicle Manufacturers said that, over the same period from January to September 2021, the total number of cars manufactured grew to 57.2 million units from 52.1 million units in 2020. Thus, it is anticipated that rising vehicle manufacturing will fuel the demand for tyre cord fabric during the next several years. A crucial trend gaining traction in the tire cord textiles industry is the increased emphasis on creating more environmentally friendly tires. The leading companies in the tire cable fabric market are concentrating on creating durable tire cord textiles for environmentally friendly tires through collaborations and new product introductions. For instance, in February 2020, Kordsa, a tire and construction reinforcement manufacturer with operations in Turkey, and Continental, a manufacturer of automotive parts with operations in Germany, joined forces to introduce the First Series Tires with Cocoon Dip Technology, which employs resorcinol and formaldehyde-free adhesion.

What are the Major Risks for the Tire Cord & Tire Fabrics Market?

A significant element limiting market expansion is the fluctuating cost of the fabric materials used in tires. The cost of raw materials used to make these tire skeletons varies depending on supply and demand chain circumstances. The availability of these materials is hampered by the changing nature of trends and the supply of materials. However, ongoing research to alleviate the shortage of raw materials will push market participants to finally lower prices. The shortage of electric car charging facilities, particularly in developing nations, may shortly limit tire cord fabric sales. While it takes two or three minutes to fill up with petrol, it might take hours to recharge an electric car fully. Due to this aspect, the market for tyre cord textiles is expected to increase slowly in the next years.

Which is the key Product in the Tire Cord & Tire Fabrics Market?

Nylon Dipped Cord dominated the market in 2021. The nylon tire cord fabrics (NTCF) give tires sturdiness and longevity. They support the weight of the car and aid in tire shaping. They greatly influence tire performance and are designed to keep tires operating for extended periods. To preserve the quality of the tires and increase durability, tire cords and textiles are important reinforcing elements for the tires. In the past, cord fabrics made of cotton were often employed in tire cords. Heavy-duty wear-resistant tires frequently employ nylon tire cord materials because of their excellent fatigue resistance and high toughness. Additionally, nylon materials are chosen to construct wet-weather tires due to their decreased moisture recapture characteristic. However, contemporary tire cord products come in steel, nylon, rayon, and other materials. As a result of its advantageous qualities, such as controlled deformation, high tensile strength, and abrasion resistance, nylon materials have recently become essential elements in the production of tire cable and tire textiles across the world.

How is the Tire Cord & Tire Fabrics Market performing in regions?

The Asia Pacific is anticipated to account for the greatest market share for tyre cord fabric. The rising demand for vehicles is the main factor propelling market development in APAC. The regional expansion will be impacted by the rising demand for different types of vehicles for both personal and business uses. Additionally, rising middle-class buying power and improved consumer lifestyle dynamics in China, India, Indonesia, and Japan will spur passenger automobile production and sales, propelling product adoption. It is anticipated that the strong demand for passenger automobiles and the simple accessibility of important raw resources, including natural rubber in China and India, will bode well for the regional industry. India was the fifth-largest market for autos in 2020, according to the India Brand Equity Foundation (IBEF). Both passenger cars and commercial vehicles totaled around 3.49 million in sales. The domestic output of cars increased at a CAGR of 2.36% from FY16 to FY20. These figures are anticipated to increase steadily shortly, driving the Asia Pacific market.

Also, North America accounted largest market revenue, making it the third-largest geographical sector. The key driver of product demand was the increasing adoption of electric vehicles. The rising regulatory assistance for decreasing vehicle emissions is also anticipated to benefit growth. Throughout the projection period, Europe’s leading economies—including Germany, France, and the United Kingdom—are anticipated to boost demand for tyre cord fabric. Significant tire and automobile manufacturing firms are one of the main drivers of product demand, with a growing emphasis on lowering greenhouse gas emissions.

What is the regulatory landscape for the Tire Cord & Tire Fabrics Market?

All tires sold in the country starting in April 2023 must adhere to wet grip and rolling resistance standards. Starting in June 2023, rolling noise rules will be put into effect. A wet grip is the most crucial of the three new standard features. Although there is a lot of rain over most of the Indian subcontinent, the used tires have not been thoroughly tested for wet grip. The regulatory landscape for this market is that the Indian government will soon adopt new tire criteria. With this step, all subpar imports will gradually disappear from the market, and only genuine, safe tires will be offered in India. The updated tire specifications will take effect in October 2022.

What is the Market Size of the Tire Cord & Tire Fabrics regarding value?

The global Tire Cord & Tire Fabrics Market is anticipated to grow at a substantial CAGR of 6.1 % in the upcoming years. The global Internet of Things (IoT) industry was estimated to be worth USD 4294.1 million in 2021 and was expected to be worth USD 6125.82 million by 2028.

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What are the major players planning for the future of the Tire Cord & Tire Fabrics Market?

Numerous significant market participants in the tire cord and tire fabrics markets are putting into practice various organic and inorganic growth strategies to improve their standing in the global economic environment and to open up new prospects for developing cutting-edge tire fabrics. Companies in the tire cord and tire fabrics industry are planning measures to increase their market share. Highlighting their unique selling propositions, broadening their product line, and introducing appealing features are just a few of the essential successful methods. In-depth descriptions of the leading businesses involved in the tire cord and tire fabric value chain are included in the research, along with information on their short-, medium-, and long-term plans.

Segmentation of Global Tire Cord & Tire Fabrics Market-

Global Tire Cord & Tire Fabrics Market – By Product

  • Polyester
  • Rayon Cord
  • Nylon Dipped Cord
  • Steel Cord)

Global Tire Cord & Tire Fabrics Market – By Vehicle Type

  • Off-road Vehicles & Two Wheelers
  • Passenger Car
  • Heavy Commercial Vehicles
  • Light Commercial Vehicles

Global Tire Cord & Tire Fabrics Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Tire Cord & Tire Fabrics Market
2.2. Global Tire Cord & Tire Fabrics Market, By Product
2.3. Global Tire Cord & Tire Fabrics Market, By Vehicle Type
2.4. Global Tire Cord & Tire Fabrics Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Tire Cord & Tire Fabrics Market Value, 2016-2028, (US$ Mn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Product
3.3.2. Vehicle Type
3.3.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021
5.1. Company market share of key players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID 19 Impact Analysis
6.1. Global Tire Cord & Tire Fabrics Market Pre Vs Post COVID 19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Tire Cord & Tire Fabrics Market
7.1. Global Tire Cord & Tire Fabrics Market, by Product, 2016-2028(US$ Mn)
7.1.1. Overview
7.1.2. Global Tire Cord & Tire Fabrics Market, By Product, 2021 vs 2028 (in%)
7.1.3. Global Tire Cord & Tire Fabrics Market, By Polyester, 2016-2028 (US$ Mn)
7.1.4. Global Tire Cord & Tire Fabrics Market, By Rayon Cord, 2016-2028 (US$ Mn)
7.1.5. Global Tire Cord & Tire Fabrics Market, By Nylon Dipped Cord, 2016-2028 (US$ Mn)
7.1.6. Global Tire Cord & Tire Fabrics Market, By Steel Cord, 2016-2028 (US$ Mn)
7.2. Global Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028(US$ Mn)
7.2.1. Overview
7.2.2. Global Tire Cord & Tire Fabrics Market, By Vehicle Type, 2021 vs 2028 (in%)
7.2.3. Global Tire Cord & Tire Fabrics Market, By Off-road Vehicles & Two Wheelers, 2016-2028 (US$ Mn)
7.2.4. Global Tire Cord & Tire Fabrics Market, By Passenger Car, 2016-2028 (US$ Mn)
7.2.5. Global Tire Cord & Tire Fabrics Market, By Heavy Commercial Vehicles, 2016-2028 (US$ Mn)
7.2.6. Global Tire Cord & Tire Fabrics Market, By Light Commercial Vehicles 2016-2028 (US$ Mn)

8. North America Tire Cord & Tire Fabrics Market Analysis
8.1. North America Tire Cord & Tire Fabrics Market, by Product, 2016-2028(US$ Mn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028(US$ Mn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Tire Cord & Tire Fabrics Market, by Country, 2016-2028 (US$ Mn)
8.3.1. U.S.
8.3.1.1. U.S. Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
8.3.1.2. U.S. Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
8.3.1.3. U.S. Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
8.3.2. Canada
8.3.2.1. Canada Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
8.3.2.2. Canada Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
8.3.2.3. Canada Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)

9. Europe Tire Cord & Tire Fabrics Market Analysis
9.1. Europe Tire Cord & Tire Fabrics Market, by Product, 2016-2028(US$ Mn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028(US$ Mn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Tire Cord & Tire Fabrics Market, by Country, 2016-2028 (US$ Mn)
9.3.1. Germany
9.3.1.1. Germany Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.3.1.2. Germany Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
9.3.1.3. Germany Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
9.3.2. France
9.3.2.1. France Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.3.2.2. France Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
9.3.2.3. France Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
9.3.3. UK
9.3.3.1. UK Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.3.3.2. UK Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
9.3.3.3. UK Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
9.3.4. Italy
9.3.4.1. Italy Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.3.4.2. Italy Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
9.3.4.3. Italy Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
9.3.5. Spain
9.3.5.1. Spain Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.3.5.2. Spain Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
9.3.5.3. Spain Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
9.3.6. Rest of Europe
9.3.6.1. Rest of Europe Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.3.6.2. Rest of Europe Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
9.3.6.3. Rest of Europe Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)

10. Asia Pacific Tire Cord & Tire Fabrics Market Analysis
10.1. Asia Pacific Tire Cord & Tire Fabrics Market, by Product, 2016-2028(US$ Mn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028(US$ Mn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Tire Cord & Tire Fabrics Market, by Country, 2016-2028 (US$ Mn)
10.3.1. China
10.3.1.1. China Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.3.1.2. China Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
10.3.1.3. China Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
10.3.2. Japan
10.3.2.1. Japan Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.3.2.2. Japan Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
10.3.2.3. Japan Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
10.3.3. India
10.3.3.1. India Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.3.3.2. India Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
10.3.3.3. India Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
10.3.4. South Korea
10.3.4.1. South Korea Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.3.4.2. South Korea Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
10.3.5. South-East Asia
10.3.5.1. South-East Asia Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.3.5.2. South-East Asia Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
10.3.5.3. South-East Asia Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
10.3.6. Rest of Asia Pacific
10.3.6.1. Rest of Asia Pacific Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.3.6.2. Rest of Asia Pacific Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
10.3.6.3. Rest of Asia Pacific Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)

11. Latin America Tire Cord & Tire Fabrics Market Analysis
11.1. Latin America Tire Cord & Tire Fabrics Market, by Product, 2016-2028(US$ Mn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028(US$ Mn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Tire Cord & Tire Fabrics Market, by Country, 2016-2028 (US$ Mn)
11.3.1. Brazil
11.3.1.1. Brazil Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
11.3.1.2. Brazil Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
11.3.1.3. Brazil Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
11.3.2. Mexico
11.3.2.1. Mexico Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
11.3.2.2. Mexico Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
11.3.2.3. Mexico Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
11.3.3. Rest of Latin America
11.3.3.1. Rest of Latin America Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
11.3.3.2. Rest of Latin America Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
11.3.3.3. Rest of Latin America Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)

12. Middle East and Africa Tire Cord & Tire Fabrics Market Analysis
12.1. Middle East and Africa Tire Cord & Tire Fabrics Market, by Product, 2016-2028(US$ Mn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028(US$ Mn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Tire Cord & Tire Fabrics Market, by Country, 2016-2028 (US$ Mn)
12.3.1. GCC Countries
12.3.1.1. GCC Countries il Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
12.3.1.2. GCC Countries Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
12.3.1.3. GCC Countries Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
12.3.2. South Africa
12.3.2.1. South Africa Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
12.3.2.2. South Africa Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
12.3.2.3. South Africa Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)
12.3.3. Rest of Middle East and Africa
12.3.3.1. Rest of Middle East and Africa Tire Cord & Tire Fabrics Market Estimates and Forecast, 2016-2028 (US$ Mn)
12.3.3.2. Rest of Middle East and Africa Tire Cord & Tire Fabrics Market, By Product, 2016-2028 (US$ Mn)
12.3.3.3. Rest of Middle East and Africa Tire Cord & Tire Fabrics Market, By Vehicle Type, 2016-2028 (US$ Mn)

13. Company Profiles
13.1. Kemrock Industries and Exports Limited
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Kordsa Global, Inc.
13.3. BASF SE, Arkema S.A
13.4. SGL Carbon SE
13.5. Solvay S.A.
13.6. Kolon Industries, Inc.
13.7. Mitsubishi Rayon Co. Ltd
13.8. Hyosung Corporation, and Toray Industries Inc.
13.9. Indorama Ventures Public Company Limited
13.10. Century Enka Limited
13.11. Saba Tire Cord Company
13.12. Madura Industrial Textiles Ltd.
13.13. Junma Group
13.14. Sohrab Group
13.15. Hanoi Industrial Textile Jsc (Haicatex)
13.16. Glanzstoff Industries
13.17. Others

List of Figures

FIG. 1 Global Tire Cord & Tire Fabrics Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Tire Cord & Tire Fabrics Market Segmentation
FIG. 4 Global Tire Cord & Tire Fabrics Market, by Product, 2021 (US$ Mn)
FIG. 5 Global Tire Cord & Tire Fabrics Market, by Vehicle Type, 2021 (US$ Mn)
FIG. 6 Global Tire Cord & Tire Fabrics Market, by Geography, 2021 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Product, 2021
FIG. 8 Attractive Investment Proposition, by Vehicle Type, 2021
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Share Analysis of Key Tire Cord & Tire Fabrics Market Manufacturers, 2021
FIG. 11 Global Market Positioning of Key Tire Cord & Tire Fabrics Market Manufacturers, 2021
FIG. 12 Global Tire Cord & Tire Fabrics Market Value Contribution, By Product, 2021 & 2028 (Value %)
FIG. 13 Global Tire Cord & Tire Fabrics Market, by Polyester, Value, 2016-2028 (US$ Mn)
FIG. 14 Global Tire Cord & Tire Fabrics Market, by Rayon Cord, Value, 2016-2028 (US$ Mn)
FIG. 15 Global Tire Cord & Tire Fabrics Market, by Nylon Dipped Cord, Value, 2016-2028 (US$ Mn)
FIG. 16 Global Tire Cord & Tire Fabrics Market, by Steel Cord, Value, 2016-2028 (US$ Mn)
FIG. 17 Global Tire Cord & Tire Fabrics Market Value Contribution, By Vehicle Type, 2021 & 2028 (Value %)
FIG. 18 Global Tire Cord & Tire Fabrics Market, by Off-road Vehicles & Two Wheelers, Value, 2016-2028 (US$ Mn)
FIG. 19 Global Tire Cord & Tire Fabrics Market, by Passenger Car, Value, 2016-2028 (US$ Mn)
FIG. 20 Global Tire Cord & Tire Fabrics Market, by Heavy Commercial Vehicles, Value, 2016-2028 (US$ Mn)
FIG. 21 Global Tire Cord & Tire Fabrics Market, by Light Commercial Vehicles, Value, 2016-2028 (US$ Mn)
FIG. 22 U.S. Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 23 Canada Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 24 Germany Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 25 France Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 26 U.K. Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 27 Italy Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 28 Spain Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 29 Rest of Europe Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 30 China Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 31 Japan Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 32 India Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 33 South Korea Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 34 Southeast Asia Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 35 Rest of Asia Pacific Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 36 Latin America Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 37 Brazil Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 38 Mexico Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 39 Rest of Latin America Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 40 Middle East & Africa Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 41 GCC Countries Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 42 South Africa Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)
FIG. 43 Rest of Middle East and Africa Tire Cord & Tire Fabrics Market, 2016-2028 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Tire Cord & Tire Fabrics Market
TABLE 2 Global Tire Cord & Tire Fabrics Market, by Competitive Benchmarking, 2021
TABLE 3 Global Tire Cord & Tire Fabrics Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Tire Cord & Tire Fabrics Market, by Key Strategies Analysis, 2021
TABLE 5 Global Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 6 Global Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 7 Global Tire Cord & Tire Fabrics Market, by Geography, 2016-2028 (US$ Mn)
TABLE 8 North America Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 9 North America Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 10 North America Tire Cord & Tire Fabrics Market, by Country, 2016-2028 (US$ Mn)
TABLE 11 US Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 12 US Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 13 Canada Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 14 Canada Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 15 Europe Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 16 Europe Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 17 Europe Tire Cord & Tire Fabrics Market, by Country, 2016-2028 (US$ Mn)
TABLE 18 Germany Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 19 Germany Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 20 France Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 21 France Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 22 UK Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 23 UK Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 24 Italy Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 25 Italy Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 26 Spain Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 27 Spain Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 28 Rest of Europe Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 29 Rest of Europe Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 30 Asia Pacific Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 31 Asia Pacific Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 32 Asia Pacific Tire Cord & Tire Fabrics Market, by Country, 2016-2028 (US$ Mn)
TABLE 33 China Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 34 China Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 35 Japan Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 36 Japan Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 37 India Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 38 India Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 39 South Korea Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 40 South Korea Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 41 South East Asia Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 42 South East Asia Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 43 Rest of Asia Pacific Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 44 Rest of Asia Pacific Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 45 Latin America Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 46 Latin America Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 47 Latin America Tire Cord & Tire Fabrics Market, by Country, 2016-2028 (US$ Mn)
TABLE 48 Brazil Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 49 Brazil Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 50 Mexico Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 51 Mexico Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 52 Rest of Latin America Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 53 Rest of Latin America Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 54 Middle East and Africa Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 55 Middle East and Africa Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 56 Middle East and Africa Tire Cord & Tire Fabrics Market, by Country, 2016-2028 (US$ Mn)
TABLE 57 GCC Countries Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 58 GCC Countries Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 59 South Africa Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 60 South Africa Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)
TABLE 61 Rest of Middle East and Africa Tire Cord & Tire Fabrics Market, by Product, 2016-2028 (US$ Mn)
TABLE 62 Rest of Middle East and Africa Tire Cord & Tire Fabrics Market, by Vehicle Type, 2016-2028 (US$ Mn)

Frequently asked questions 

How does COVID-19 Impact the global Tire Cord & Tire Fabrics market?

The sector suffered during the COVID-19 epidemic due to several circumstances. The prognosis for the sector was threatened by strict lockdowns, supply chain interruptions, manufacturing halts, and a manpower shortage. Government regulations on international travel and common work-from-home practices led to a decline in tire demand. But as people’s lifestyles changed, there was a rise in the desire for powerful and luxurious cars, which boosted the industry’s use of tire cords and tire textiles.

Which region is the leading market for Tire Cord & Tire Fabrics market?

Asia-Pacific accounted for the highest share in the global Tire Cord & Tire Fabrics market. The availability of crucial raw materials like natural rubber locally and the dramatic increase in demand for passenger cars over the past ten years were two factors that contributed significantly to the regional segment’s growth.

What are the key drivers for the growth of the Tire Cord & Tire Fabrics market?

Rapid urbanization and industrialization are resulting in an increasing number of development projects and are the major factors driving the market growth.

Which is the major segment in Tire Cord & Tire Fabrics Market by Technique?

In recent years, there has been a growth in worldwide vehicle manufacturing due to the rising demand for automobiles, particularly light-duty vehicles. As a result of rising car sales, the number of vehicles on the road has increased. These elements have inadvertently increased demand for tyre cord cloth worldwide.

Which is the major segment in Tire Cord & Tire Fabrics Market by Vehicle type?

The passenger car segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period. The rising demand for passenger cars in emerging countries and the quest for durable, fuel-efficient tires are the main causes of the category growth.

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