Tire is one of the most complex engineered products requiring a range of raw materials such as natural rubber, artificial rubber, carbon black, cord fabric, steel and different chemicals.
Tire Cord and Tire Fabrics are reinforcing materials in the tire, providing it with dimensional stability and acting as supports for the vehicle weight. These also help to keep tires in shape in different road conditions. Tire Cord and Tire Fabrics are very important for the performance of a tire, and as a result for the vehicle as well. Different types of reinforcement constructions are required for different types of vehicles, and this depends on their respective uses and load-bearing requirements.
Economic growth in emerging countries in Asia Pacific has led to higher personal vehicle ownership, which in turn has benefitted the tire fabrics market. Additionally, with the reviving U.S. economy and improved job market, consumer spending is increasing, thus benefitting automobiles and its allied industries.
Unfavorable road conditions and burgeoning production of commercial vehicles in Asia Pacific is spurring demand for nylon tire fabrics. In 2015, Asia Pacific held more than 66%of the global tire fabrics production market and over 45%of the consumption market. In the region, high GDP growth, combined with increasing purchasing power in countries such as India, China, Indonesia, and Malaysia, has led to increasing demand for commercial and personal vehicles. This in turn has translated into increasing demand for ancillary products such as tire fabrics. North America trails Asia Pacific in the demand for tire fabrics and is followed by Europe. Though Europe is an established base of reputed automobile manufacturers, other regions, particularly Asia Pacific, are the major markets for European automobiles.
In 2015 the Rest of the World region accounted for the smallest market share in the tire fabrics market. However, increasing demand for automobiles in the region will be beneficial for the tire fabrics market in coming years.
Global Tire Cord and Tire Fabrics market size will reach 5880 million US$ by 2025, from 4890 million US$ in 2018, at a CAGR of 2.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Tire Cord and Tire Fabrics.
This industry study presents the global Tire Cord and Tire Fabrics market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Tire Cord and Tire Fabrics production, revenue and market share by manufacturers, key regions and type;
The consumption of Tire Cord and Tire Fabrics in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Hyosung, Kordsa Global, etc.
The following manufacturers are covered in this report:
Kordarna Plus A.S.
Milliken & Company
Far Eastern Group
Tire Cord and Tire Fabrics Breakdown Data by Type
Nylon Tire Cord and Fabrics
Polyester Tire Cord and Fabrics
Tire Cord and Tire Fabrics Breakdown Data by Application
Radial Tire (semi-steel)
Tire Cord and Tire Fabrics Production by Region
Tire Cord and Tire Fabrics Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Tire Cord and Tire Fabrics status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Tire Cord and Tire Fabrics manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Tire Cord and Tire Fabrics :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Tire Cord and Tire Fabrics market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.