What is Global Tire Cord and Tire Fabrics Market?
The Global Tire Cord and Tire Fabrics Market is a vast and complex industry that plays a crucial role in the automotive sector. Tire cords and tire fabrics are integral components of tires, providing the necessary reinforcement and strength to the rubber. These materials are woven into the tire's structure, giving it the durability and resilience it needs to withstand various road conditions and loads. The global market for these materials is substantial, with a wide range of products available, including nylon tire cord and fabrics, polyester tire cord and fabrics, and others.
Nylon Tire Cord and Fabrics, Polyester Tire Cord and Fabrics, Others in the Global Tire Cord and Tire Fabrics Market:
Nylon tire cord and fabrics are known for their high strength, excellent fatigue resistance, and superior adhesion characteristics. They are widely used in the manufacture of heavy-duty tires, where strength and durability are paramount. On the other hand, polyester tire cord and fabrics are recognized for their high dimensional stability and heat resistance. They are commonly used in passenger car tires due to their ability to maintain tire shape and ensure a smooth ride. Other types of tire cord and fabrics include rayon, aramid, and others, each with their unique properties and applications.
Bias Tire, Radial Tire (semi-steel) in the Global Tire Cord and Tire Fabrics Market:
The use of tire cord and tire fabrics is not limited to one type of tire. They are used in both bias tires and radial tires. Bias tires, which are constructed with multiple plies overlapping each other, require tire cord and fabrics that offer high flexibility and strength. Radial tires, on the other hand, have plies that run perpendicular to the direction of travel, providing better control and less rolling resistance. These tires require tire cord and fabrics that offer high rigidity and heat resistance. The choice of tire cord and fabric depends on the type of tire and its intended use.
Global Tire Cord and Tire Fabrics Market Outlook:
In terms of the market outlook, the Global Tire Cord and Tire Fabrics Market was valued at a significant US$ 5379 million in 2022. It is projected to reach an impressive US$ 6319.2 million by 2029. This indicates a steady Compound Annual Growth Rate (CAGR) of 2.3% during the forecast period from 2023 to 2029. It's worth noting that the top five manufacturers globally hold a share of over 35%, indicating a somewhat concentrated market. Furthermore, China stands as the largest market for tire cord and tire fabrics, accounting for nearly 40% of the global market.
| Report Metric | Details |
| Report Name | Tire Cord and Tire Fabrics Market |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Hyosung, Kordsa Global, Kolon Industries, SRF Ltd, Performance Fibers, Firestone, Maduratex, Kordarna Plus A.S., Teijin, Milliken & Company, Far Eastern Group, Century Enka, Cordenka, Junma, Shenma, Jinlun Group, Haiyang Chemical, Xiangyu, Shifeng, Tianheng, Taiji, Dongping Jinma, Hailide, Helon Polytex, Bestory, Unifull, Jiayuan, Dikai, Ruiqi, Hesheng |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
