The Tire Cord Fabrics market is anticipated to grow from USD 5.72 billion in 2020 to USD 7.83 billion by 2028, at a CAGR of 4% during the forecast period 2021-2028.
Tire Cord Fabrics are utilized as tire reinforcement materials. They are designed to maintain the shape of the tires and support the vehicle's weight, which dramatically affects tire performance. After polymerization and spinning, high-quality nylon and polyester threads are rolled and woven into the manufacturing process. Then dissolve the adhesive solution. It is added to fabrics to increase the bonding between materials and rubber. Finally, the products are heat-treated to improve the dimensional stability of tire cord fabrics. High dimensional stability, few flat points, excellent heat resistance, and controllability are characteristics of tire cord fabrics mainly used in passenger car radial tires. Optimum mesh frame performance can be increased by combining more than two materials primarily used in Premium Tires.
Increasing stipulation for passenger vehicles in developing countries and growing demand for fuel-efficient tires is projected to run the market during the forecast period 2021 to 2028. The growing penetration of electric vehicles is expected to have a positive impact on the market. Traditional tires wear about faster on electric cars than on conventional vehicles. Thus, manufacturers use aramid fibres to produce ultra-lightweight, wear-resistant tires for the electric vehicle industry. The nylon tire cord fabric dominates the U.S. market. The widespread use of the products in the manufacture of lightweight and wear-resistant tires for passenger cars, SUVs, trucks and aircraft is expected to be the primary factor driving growth in the coming years. Factors like auto industry cost sensitivity and raw material price volatility can hamper the global market development to some extent.
This study comprehensively analyses the material, tire type, vehicle type, application, and region. The material segment includes polyester, nylon, raylon and others. The nylon segment is expected to continue to grow during the forecast period due to increased demand for high strength tire cord fabrics from various types of vehicles, including passenger cars, lightweight cars and heavy-duty vehicles. The tire type segment includes Bias and Radial. The radial segment accounts for the largest market share. The dominance of the sector is due to the increased production of passenger cars. The vehicle type segment includes commercial vehicle, passenger vehicle and others. The passenger vehicle segment held the most significant part in 2020. Factors such as the increasing demand for passenger cars in developing economies and the growing demand for durable and fuel-efficient tires are mainly responsible for the growth of this segment. The application segment includes Replacement and OEM. The replacement segment is expected to dominate the tire cord fabrics market during the forecast period. The dominance of the replacement segment can be attributed to the increase in the number of vehicles on the road and the age of cars.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific is a leading region of the tire cord market, followed by North America and Europe. Rising auto demand in China, Japan and South Korea is expected to increase the need for tire cord fabrics during the forecast period. Increasing demand for electric vehicles and SUVs in the auto industry in developing economies in the Asia Pacific region such as China, India, and Indonesia are expected to provide lucrative tire manufacturers opportunities. The market in Europe and North America is expected to expand at a moderate pace soon due to the presence of well-established vehicle suppliers and manufacturers. The rise in the import of tire wire fabric in the Middle East, Africa and Latin America due to its ideal weight and pressure absorbing advantages is likely to boost the tire wire fabric market.
Some of the key players in the market are Toray Hybrid Cord, Inc, Kordsa Teknik Tekstil A.S., Hyosung Corporation, Indorama Ventures Company Limited, Kolon Industries Inc, SRF Limited, Century Enka Limited, Benninger AG, KORDÁRNA Plus a.s., Firestone Fibers&Textiles,andTeijin Aramid B.V.
Tire Cord Fabrics Market Analysis and Forecast, Material
Tire Cord Fabrics Market Analysis and Forecast, Tire Type
Tire Cord Fabrics Market Analysis and Forecast, Vehicle Type
Tire Cord Fabrics Market Analysis and Forecast, Application
Tire Cord Fabrics Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Material
4.3.2. Market Attractiveness Analysis By Tire Type
4.3.3. Market Attractiveness Analysis By Vehicle Type
4.3.4. Market Attractiveness Analysis By Application
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing demand for passenger cars in the developing economies
5.2.2. Increasing demand for fuel-efficient vehicles
5.3. Restraints
5.3.1. Auto industry cost sensitivity
5.3.2. Raw material price volatility
5.4. Opportunities
5.4.1. Investment in the production
5.4.2. Growing preference for eco-friendly products
6. Global Tire Cord Fabrics Market Analysis and Forecast, By Material
6.1. Segment Overview
6.2. Polyester
6.3. Nylon
6.4. Raylon
6.5. Others
7. Global Tire Cord Fabrics Market Analysis and Forecast, By Tire Type
7.1. Segment Overview
7.2. Radial
7.3. Bias
8. Global Tire Cord Fabrics Market Analysis and Forecast, By Vehicle Type
8.1. Segment Overview
8.2. Commercial Vehicle
8.3. Passenger Vehicle
8.4. Others
9. Global Tire Cord Fabrics Market Analysis and Forecast, By Application
9.1. Segment Overview
9.2. Replacement
9.3. OEM
10. Global Tire Cord Fabrics Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Tire Cord Fabrics Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Tire Cord Fabrics Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Toray Industries Inc
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Tire Type Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Kordsa Teknik Tekstil A.S
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Tire Type Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Hyosung Corporation
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Tire Type Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Indorama Ventures Company Limited
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Tire Type Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Kolon Industries Inc
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Tire Type Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. SRF Limited
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Tire Type Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Century Enka Limited
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Tire Type Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Benninger AG
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Tire Type Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. KORDÁRNA Plus a.s.
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Tire Type Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Firestone Fibers & Textiles
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Tire Type Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. Teijin Aramid B.V.
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Tire Type Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
List of Tables
1. Global Tire Cord Fabrics Market, By Material, 2018 - 2028 (USD Billion)
2. Global Polyester, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
3. Global Nylon, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
4. GlobalRaylon, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
5. GlobalOthers, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
6. Global Tire Cord Fabrics Market, By Tire Type, 2018 - 2028 (USD Billion)
7. Global Bias, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
8. Global Radial, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
9. Global Tire Cord Fabrics Market, By Vehicle Type, 2018 - 2028 (USD Billion)
10. Global Commercial Vehicle, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
11. Global Passenger Vehicle, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
12. Global Others, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
13. Global Tire Cord Fabrics Market, By Application, 2018 - 2028 (USD Billion)
14. Global Replacement, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
15. Global OEM, Tire Cord Fabrics Market, By Region, 2018 - 2028 (USD Billion)
16. North America Tire Cord Fabrics Market, By Materials, 2018-2028 (USD Billion)
17. North America Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
18. North America Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
19. North America Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
20. U.S. Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
21. U.S. Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
22. U.S. Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
23. U.S. Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
24. Canada Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
25. Canada Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
26. Canada Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
27. Canada Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
28. Mexico Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
29. Mexico Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
30. Mexico Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
31. Mexico Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
32. Europe Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
33. Europe Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
34. Europe Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
35. Europe Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
36. Germany Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
37. Germany Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
38. Germany Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
39. Germany Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
40. France Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
41. France Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
42. France Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
43. France Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
44. U.K. Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
45. U.K. Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
46. U.K. Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
47. U.K. Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
48. Italy Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
49. Italy Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
50. Italy Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
51. Italy Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
52. Spain Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
53. Spain Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
54. Spain Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
55. Spain Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
56. Asia Pacific Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
57. Asia Pacific Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
58. Asia Pacific Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
59. Asia Pacific Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
60. Japan Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
61. Japan Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
62. Japan Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
63. Japan Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
64. China Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
65. China Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
66. China Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
67. China Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
68. India Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
69. India Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
70. India Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
71. India Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
72. South America Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
73. South America Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
74. South America Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
75. South America Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
76. Brazil Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
77. Brazil Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
78. Brazil Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
79. Brazil Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
80. Middle East and Africa Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
81. Middle East and Africa Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
82. Middle East and Africa Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
83. Middle East and Africa Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
84. UAE Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
85. UAE Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
86. UAE Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
87. UAE Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
88. South Africa Tire Cord Fabrics Market, By Materials,2018-2028 (USD Billion)
89. South Africa Tire Cord Fabrics Market, By Tire Type,2018-2028 (USD Billion)
90. South Africa Tire Cord Fabrics Market, By Vehicle Type,2018-2028 (USD Billion)
91. South Africa Tire Cord Fabrics Market, By Application, 2018-2028 (USD Billion)
List of Tables
1. Global Tire Cord Fabrics Market Segmentation
2. Global Tire Cord Fabrics Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Tire Cord Fabrics Market Attractiveness Analysis By Material
9. Global Tire Cord Fabrics Market Attractiveness Analysis By Tire Type
10. Global Tire Cord Fabrics Market Attractiveness Analysis By Vehicle Type
11. Global Tire Cord Fabrics Market Attractiveness Analysis By Application
12. Global Tire Cord Fabrics Market Attractiveness Analysis By Region
13. Global Tire Cord Fabrics Market: Dynamics
14. Global Tire Cord Fabrics Market Share by Material(2021 & 2028)
15. Global Tire Cord Fabrics Market Share by Tire Type (2021 & 2028)
16. Global Tire Cord Fabrics Market Share by Vehicle Type (2021 & 2028)
Global Tire Cord Fabrics Market Share by Application (2021 & 2028)
17. Global Tire Cord Fabrics Market Share by Regions (2021 & 2028)
18. Global Tire Cord Fabrics Market Share by Company (2020)
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