One Stop Solution For In-Depth Market Research Reports


Home    >    CHEMICALS AND ADVANCED MATERIALS   >   Tire Cord Fabrics Market

[ 英語タイトル ] Tire Cord Fabrics Market - Growth, Trends, and Forecast (2020 - 2025)

Product Code : MDCH0087491
Survey : Mordor Intelligence
Publish On : November, 2020
Number of Pages : 120
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
Single User USD4250 / Question Form
5 User USD4750 / Question Form
Enterprise User USD7500 / Question Form
 - Bekaert
- Century Enka Limited
- Cordenka GmbH & Co KG
- Far Eastern Group
- Firestone Fibers & Textiles
- Indorama Ventures Public Company Limited
- Kolon Industries, Inc.
- KORDRNA Plus a.s
- Milliken & Company
- SRF Limited

[Report Description]

The tire cord fabrics market is expected to grow at a CAGR of over 5% during the forecast period. Major factor driving the market studied is growing demand of tire cord fabrics from automotive. On the flip side, volatility in raw material price and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

- Growing demand of eco-friendly tires from automotive is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Tire cord fabrics from automotive application is expected to dominate the market studied over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.

Key Market Trends

Growing Demand of Tire Cord Fabric from Automotive Sector

- Tire cord fabric is a type of industrial fabric which is constructed using high tenacity yarns in the warp direction and yarns of negligible resistance in weft direction which is used to hold warn yarns locked in their position.
- A tire cord coated fabric provides fundamental properties for tyres used in automotive industry such as controlled deformation, high strength, abrasion resistance, etc.
- Tire cord fabrics are used as reinforcing materials for tires and designed to keep tires in shape and support vehicle weight, having a significant impact on tire performance.
- Improving road infrastructure and rising disposable income of the middle-class consumers are driving the vehicles market in the developing countries.
- Hence, owing to the above-mentioned factors, the application of tire cord fabrics from automotive is likely to dominate during the forecast period.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region is expected to dominate the market for tire cord fabrics during the forecast period. The rising demand of tire cord fabrics from automotive and growing application in industrial sector in countries like China, Japan and India is expected to drive the demand for tire cord fabrics in this region.
- The largest producers of tire cord fabrics are located in Asia-Pacific region. Some of the leading companies in the production of tire cord fabrics are Kolon Industries, Inc, Bekaert , SRF Limited, Indorama Ventures Public Company Limited and HYOSUNG ADVANCED MATERIALS among others.
- Additionally, the demand for commercial vehicles has been continually increasing owing to the growing e-commerce (resulting in growth in the logistics industry), construction, and mining industries.
- Overall India domestic automobiles sales increased at 6.71% CAGR between FY13-19 with 26.27 million vehicles getting sold in FY19.
- Increasing civil aircraft fleet steadily boosts the demand of tire cord fabric in China. Moreover, in the next 20 years, the Chinese airline companies are planning to purchase about 7,690 new aircraft, which are valued at about USD 1.2 trillion.
- Owing to the above-mentioned factors, the market for tire cord fabrics in the Asia-Pacific region is projected to grow significantly during the study period.

Competitive Landscape

The global tire cord fabrics market is partially fragmented in nature with only few major players dominating the market. Some of the major companies are Kolon Industries, Inc, Bekaert , SRF Limited, Indorama Ventures Public Company Limited and HYOSUNG ADVANCED MATERIALS among others.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1.1 Study Assumptions
1.2 Scope of the Study



4.1 Drivers
4.1.1 Growing Demand of Tire Cord Fabrics from Automotive Sector
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Volatility in Raw Material Price
4.2.2 Fluctuating Growth of Automotive Sector
4.2.3 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition

5.1 Fiber
5.1.1 Nylon
5.1.2 Viscose Rayon
5.1.3 Polyester
5.1.4 Aramid
5.1.5 Glass
5.1.6 PVA
5.2 Tire Type
5.2.1 Diagonal Tire
5.2.2 Semi Radial Tire
5.2.3 Radial Tire
5.3 Application
5.3.1 Automotive
5.3.2 Aircrafts
5.3.3 Industrial Products
5.3.4 Others
5.4 Geography
5.4.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.4.2 North America United States Canada Mexico
5.4.3 Europe Germany United Kingdom France Italy Rest of Europe
5.4.4 South America Brazil Argentina Rest of South America
5.4.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Bekaert
6.4.2 Century Enka Limited
6.4.3 Cordenka GmbH & Co KG
6.4.4 Far Eastern Group
6.4.5 Firestone Fibers & Textiles
6.4.7 Indorama Ventures Public Company Limited
6.4.8 Kolon Industries, Inc.
6.4.9 KORDRNA Plus a.s
6.4.10 Milliken & Company
6.4.11 SRF Limited

7.1 Growing Demand of Eco Friendly Tires from Automotive
7.2 Other Opportunities



Recommended reports