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PUBLISHER: The Business Research Company | PRODUCT CODE: 1245824

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1245824

Tire Cord Fabrics Global Market Report 2023

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“Tire Cord Fabrics Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on tire cord fabrics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for tire cord fabrics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The tire cord fabrics market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:

* The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

* The impact of higher inflation in many countries and the resulting spike in interest rates.

* The continued but declining impact of COVID-19 on supply chains and consumption patterns.

  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

  • 1) By Material: Nylon; Polyester; Rayon; Other Materials
  • 2) By Vehicle Type: HCV; LCV; Passenger Cars; Off-Road Vehicles And Two-Wheelers
  • 3) By Tire Type: Radial; Bias
  • 4) By Application: Automotive; Aircrafts; Industrial Products; Other Applications
  • Companies Mentioned: Indorama Ventures Company Limited; Kolon Industries; Hyosung Corporation; SRF Ltd.; Kordsa Global
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the tire cord fabrics market are: Indorama Ventures Company Limited; Kolon Industries; Hyosung Corporation; SRF Ltd.; Kordsa Global; Teijin Ltd; Century Enka Limited; Toray Hybrid Cord; Bekaert Corporation; Cordenka GmbH & Co. KG; Firestone Fibers& Textile Company; ShenmaIndstrial Co. Ltd; Far Eastern Group; Teijin Aramid B.V.; Hyosung Advanced Materials; Tokusen U.S.A.; Asahi Kasei Corporation; Baygold Group Ltd.; Colmant Coated Fabrics; Formosa Taffeta Co., Ltd.; GlanzstoffTextilcord; Hanoi Industrial Textile Jsc; and Henan Hengxing Science & Technology Co.

The global tyre cord fabrics market grew from $5.38 billion in 2022 to $5.6 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The tyre cord fabrics market is expected to grow to $6.57 billion in 2027 at a CAGR of 4.1%.

The tyre cord fabric market consists of sales of aramid, polyethylene naphthalate, steel cord, tubed tyre, and solid rubber tyre. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Tyre cord fabric refers to a material reinforcement in tires that gives them strength and longevity, gives them shape, supports the weight of the vehicle, and is made to keep tires from wearing. Tire cord fabrics are used as reinforcing materials for tyres and are treated with a coating mixture that makes them easier to absorb rubber impregnation and become a part of a rubber tire

Asia-Pacific was the largest region in the tire cord fabrics market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the tyre cord fabric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main tyre cord fabrics include nylon, polyester, rayon, and others. Nylon tyre cord fabrics (NTCF) give strength and durability to tires. They help to shape the tyres and support the vehicle's weight. They are built to keep tyres running for longer periods of time and have a significant impact on tyre performance. Tire cord fabrics are used in vehicles such as HCV, LCV, passenger cars, off-road vehicles, and two-wheelers. The different tyre cord tyre types include radial and bias, which are used for applications in automotives, aircraft, industrial products, and other applications.

The increasing production of automobiles is significantly driving the growth of the tyre cord fabric market. Tire cord fabrics are used in automobiles to keep tyres in shape and to enhance durability. According to statistics from the International Organization of Motor Vehicle Manufacturers, the total number of vehicles produced from January to September 2021 increased to 57.2 million units from 52.1 million units in 2020 during the same period. Hence, the increasing production of automobiles is expected to propel the growth of the tire cord fabric market over the coming years.

The rise in the focus on developing more eco-friendly tyres is a key trend gaining popularity in the tyre cord fabric market. The major players in the tyre cord fabric market are focusing on developing sustainable tyre cord fabrics for eco-friendly tyres through partnerships and product launches. For instance, in February 2020, Kordsa, a Turkey-based tyre and construction reinforcement manufacturer, and Continental, a Germany-based automotive parts manufacturing company, collaborated to launch the First Series Tires with Cokoon Dip Technology that uses resorcinol and formaldehyde-free adhesion. Tire cord manufacturers and the sustainable supply chain benefit from the replacement of resorcinol and formaldehyde with new environmentally friendly alternatives, which makes it possible to bond textiles to rubber without using these two substances, and the technology does not require any changes to the process equipment.

In May 2020, Trinseo, a US-based key provider of materials solutions and manufacturer of plastics, latex binders, and synthetic rubber, acquired Synthomer PLC's Vinyl Pyridine Latex Business for an undisclosed amount. Through this acquisition, Trinseo aims to expand its Latex Binders business in Coatings and Case applications while also strengthening its position as a high-performance tyre solutions provider. Synthomer is a UK-based chemical company. The VP Latex division of Synthomer manufactures VP Latex, which is used in cord fabrics.

The countries covered in the tire cord fabrics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The tyre cord fabrics market research report is one of a series of new reports from The Business Research Company that provides tyre cord fabrics market statistics, including tyre cord fabrics industry global market size, regional shares, competitors with a tyre cord fabrics market share, detailed tyre cord fabrics market segments, market trends and opportunities, and any further data you may need to thrive in the tyre cord fabrics industry. This tire cord fabrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r3476

Table of Contents

1. Executive Summary

2. Tire Cord Fabrics Market Characteristics

3. Tire Cord Fabrics Market Trends And Strategies

4. Tire Cord Fabrics Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Tire Cord Fabrics Market
  • 4.2. Ukraine-Russia War Impact On Tire Cord Fabrics Market
  • 4.3. Impact Of High Inflation On Tire Cord Fabrics Market

5. Tire Cord Fabrics Market Size And Growth

  • 5.1. Global Tire Cord Fabrics Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Tire Cord Fabrics Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Tire Cord Fabrics Market Segmentation

  • 6.1. Global Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Nylon
  • Polyester
  • Rayon
  • Other Materials
  • 6.2. Global Tire Cord Fabrics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • HCV
  • LCV
  • Passenger Cars
  • Off-Road Vehicles and Two-Wheelers
  • 6.3. Global Tire Cord Fabrics Market, Segmentation By Tire Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Radial
  • Bias
  • 6.4. Global Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Automotive
  • Aircrafts
  • Industrial Products
  • Other Applications

7. Tire Cord Fabrics Market Regional And Country Analysis

  • 7.1. Global Tire Cord Fabrics Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Tire Cord Fabrics Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Tire Cord Fabrics Market

  • 8.1. Asia-Pacific Tire Cord Fabrics Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Tire Cord Fabrics Market

  • 9.1. China Tire Cord Fabrics Market Overview
  • 9.2. China Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Tire Cord Fabrics Market

  • 10.1. India Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Tire Cord Fabrics Market

  • 11.1. Japan Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Tire Cord Fabrics Market

  • 12.1. Australia Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Tire Cord Fabrics Market

  • 13.1. Indonesia Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Tire Cord Fabrics Market

  • 14.1. South Korea Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Tire Cord Fabrics Market

  • 15.1. Western Europe Tire Cord Fabrics Market Overview
  • 15.2. Western Europe Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Tire Cord Fabrics Market

  • 16.1. UK Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Tire Cord Fabrics Market

  • 17.1. Germany Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Tire Cord Fabrics Market

  • 18.1. France Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Tire Cord Fabrics Market

  • 19.1. Eastern Europe Tire Cord Fabrics Market Overview
  • 19.2. Eastern Europe Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Tire Cord Fabrics Market

  • 20.1. Russia Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Tire Cord Fabrics Market

  • 21.1. North America Tire Cord Fabrics Market Overview
  • 21.2. North America Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Tire Cord Fabrics Market

  • 22.1. USA Tire Cord Fabrics Market Overview
  • 22.2. USA Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Tire Cord Fabrics Market

  • 23.1. South America Tire Cord Fabrics Market Overview
  • 23.2. South America Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Tire Cord Fabrics Market

  • 24.1. Brazil Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Tire Cord Fabrics Market

  • 25.1. Middle East Tire Cord Fabrics Market Overview
  • 25.2. Middle East Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Tire Cord Fabrics Market

  • 26.1. Africa Tire Cord Fabrics Market Overview
  • 26.2. Africa Tire Cord Fabrics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Tire Cord Fabrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Tire Cord Fabrics Market Competitive Landscape And Company Profiles

  • 27.1. Tire Cord Fabrics Market Competitive Landscape
  • 27.2. Tire Cord Fabrics Market Company Profiles
    • 27.2.1. Indorama Ventures Company Limited
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Kolon Industries
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Hyosung Corporation
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. SRF Ltd.
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Kordsa Global
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Tire Cord Fabrics Market

29. Tire Cord Fabrics Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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