Product Code: 850
The tire cord & tire fabrics market is poised to grow significantly through 2030 owing to prominent growth of the automotive industry. In addition, innovation in tires, along with robust sales of passenger and commercial vehicles, is likely to augment market growth over the forecast period.
During the COVID-19 pandemic, the industry witnessed a negative impact due to strict lockdowns and restrictions on travel. However, a substantial increase in demand for sustainable tires to reduce carbon footprint has boosted consumer interest. Growing environmental concerns have led to an upsurge in demand for electric vehicles, thereby impelling product uptake in the automotive industry.
Furthermore, mounting vehicle demand has been favorable for tire cord & tire fabrics market adoption. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), in 2021, the production of cars increased by 4% in the United States, 65% in Argentina, 30% in India, and 12% in South Africa.
Moreover, key industry players have been focusing on strategic acquisitions & partnerships and developing innovative products in keeping with the emerging sustainable trends to strengthen their foothold in the market. To cite an instance, in May 2022, Kordsa Global, Inc., an industrial fabrics company, displayed its sustainable tire reinforcement technologies at the Tire Technology Expo 2022.
The tire cord & tire fabrics market has been bifurcated on the basis of product, vehicle type, and region.
In terms of product, the tire cord & tire fabrics industry has been classified into rayon cord, steel cord, nylon dipped cord, polyester, and others. The polyester segment is expected to reach a valuation of more than $1,917.7 million by the end of the analysis period. The improving economic situation and rising purchasing power of people in the APAC region are set to result in high demand for passenger cars, thereby accelerating the uptake of polyester over the coming years.
Meanwhile, the rayon cord segment is anticipated to grow at a CAGR of nearly 5.9% and register more than $357.7 million in revenue by 2030 as a result of its cost-effectiveness. The versatility of rayon cords allows them to blend well with other fabrics, which is slated to fuel segmental development.
Based on vehicle type, the tire cord & tire fabrics market has been divided into off-road and two-wheeler, LCV, passenger car, and HCV. The LCV segment is projected to expand at roughly 6.0% CAGR through the review period as nylon is designed to keep tires running longer and have a significant effect on the performance of tires, which makes them a preferred product among LCV manufacturers. Additionally, the off-road and two-wheeler segment is estimated to grow at a CAGR of above 6.2% over 2022-2030.
In the regional landscape, the LATAM tire cord & tire fabrics industry is foreseen to reach about $556.3 million in revenue by 2030 owing to the increasing disposable income and shifting consumer interest toward high-speed vehicles in the Latin America region. Similarly, the Middle East & Africa tire cord & tire fabrics market is speculated to exhibit notable growth at a CAGR of approximately 6.3% through the assessment period.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Methodology
- 1.2 Market definitions
- 1.3 Market estimations & forecast parameter
- 1.3.1 COVID-19 impact calculations on industry forecast
- 1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Tire cord & tire fabrics industry 360 degree synopsis, 2018 - 2030
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Vehicle type trends
- 2.1.4 Regional trends
Chapter 3 Tire Cord & Tire Fabrics Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry size and forecast, 2018 - 2030
- 3.2.1 Covid-19 impact on industry landscape
- 3.3 Industry ecosystem analysis
- 3.3.1 Raw material analysis
- 3.3.1.1 Covid-19 impact on raw material supply
- 3.3.2 Manufacturing trends
- 3.3.3 Profit margin
- 3.3.4 Value addition
- 3.3.5 Distribution channel analysis
- 3.3.6 Value chain disruption analysis (Covid-19 impact)
- 3.3.7 Vendor matrix
- 3.4 Innovation and sustainability
- 3.4.1 Patent analysis
- 3.4.2 Technology landscape
- 3.4.3 Production process
- 3.4.4 Future trends
- 3.5 Industry impact forces
- 3.5.1 Growth driver
- 3.5.2 Industry pitfalls & challenges
- 3.6 Regulatory landscape
- 3.7 Growth potential analysis
- 3.8 Regional price trends
- 3.8.1 COVID-19 impact on pricing
- 3.9 Cost structure analysis
- 3.9.1 R&D cost
- 3.9.2 Manufacturing & equipment cost
- 3.9.3 Raw material cost
- 3.9.4 Distribution cost
- 3.9.5 Operating cost
- 3.9.6 Miscellaneous cost
- 3.10 Competitive landscape
- 3.10.1 Company market share analysis
- 3.10.2 Strategic dashboard
- 3.11 Porter's analysis
- 3.12 PESTEL analysis
Chapter 4 Tire Cord & Tire Fabrics Market, By Product
- 4.1 Tire cord & tire fabrics market share of by product, 2021 & 2030
- 4.2 Steel Cord
- 4.2.1 Market estimates and forecast, 2018 - 2030
- 4.3 Polyester
- 4.3.1 Market estimates and forecast, 2018 - 2030
- 4.4 Nylon Dipped Cord
- 4.4.1 Market estimates and forecast, 2018 - 2030
- 4.5 Rayon Cord
- 4.5.1 Market estimates and forecast, 2018 - 2030
Chapter 5 Tire Cord & Tire Fabrics Market, By Vehicle Type
- 5.1 Tire cord & tire fabrics market share by vehicle type, 2021 & 2030
- 5.2 Heavy Commercial Vehicles
- 5.2.1 Market estimates and forecast, 2018 - 2030
- 5.3 Light Commercial Vehicles
- 5.3.1 Market estimates and forecast, 2018 - 2030
- 5.4 Passenger Cars
- 5.4.1 Market estimates and forecast, 2018 - 2030
- 5.5 Off-road vehicles and two wheelers
- 5.5.1 Market estimates and forecast, 2018 - 2030
Chapter 6 Tire Cord & Tire Fabrics Market, By Region
- 6.1 Tire cord & tire fabrics market share by region, 2021 & 2030
- 6.2 North America
- 6.2.1 Market estimates and forecast, 2018 - 2030
- 6.2.2 Market estimates and forecast by product, 2018 - 2030
- 6.2.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.2.4 U.S.
- 6.2.4.1 Market estimates and forecast, 2018 - 2030
- 6.2.4.2 Market estimates and forecast by product, 2018 - 2030
- 6.2.4.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.2.5 Canada
- 6.2.5.1 Market estimates and forecast, 2018 - 2030
- 6.2.5.2 Market estimates and forecast by product, 2018 - 2030
- 6.2.5.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.3 Europe
- 6.3.1 Market estimates and forecast, 2018 - 2030
- 6.3.2 Market estimates and forecast by product, 2018 - 2030
- 6.3.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.3.4 Germany
- 6.3.4.1 Market estimates and forecast, 2018 - 2030
- 6.3.4.2 Market estimates and forecast by product, 2018 - 2030
- 6.3.4.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.3.5 UK
- 6.3.5.1 Market estimates and forecast, 2018 - 2030
- 6.3.5.2 Market estimates and forecast by product, 2018 - 2030
- 6.3.5.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.3.6 France
- 6.3.6.1 Market estimates and forecast, 2018 - 2030
- 6.3.6.2 Market estimates and forecast by product, 2018 - 2030
- 6.3.6.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.3.7 Spain
- 6.3.7.1 Market estimates and forecast, 2018 - 2030
- 6.3.7.2 Market estimates and forecast by product, 2018 - 2030
- 6.3.7.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.3.8 Italy
- 6.3.8.1 Market estimates and forecast, 2018 - 2030
- 6.3.8.2 Market estimates and forecast by product, 2018 - 2030
- 6.3.8.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.3.9 Russia
- 6.3.9.1 Market estimates and forecast, 2018 - 2030
- 6.3.9.2 Market estimates and forecast by product, 2018 - 2030
- 6.3.9.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.4 Asia Pacific
- 6.4.1 Market estimates and forecast, 2018 - 2030
- 6.4.2 Market estimates and forecast by product, 2018 - 2030
- 6.4.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.4.4 China
- 6.4.4.1 Market estimates and forecast, 2018 - 2030
- 6.4.4.2 Market estimates and forecast by product, 2018 - 2030
- 6.4.4.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.4.5 India
- 6.4.5.1 Market estimates and forecast, 2018 - 2030
- 6.4.5.2 Market estimates and forecast by product, 2018 - 2030
- 6.4.5.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.4.6 Japan
- 6.4.6.1 Market estimates and forecast, 2018 - 2030
- 6.4.6.2 Market estimates and forecast by product, 2018 - 2030
- 6.4.6.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.4.7 Australia
- 6.4.7.1 Market estimates and forecast, 2018 - 2030
- 6.4.7.2 Market estimates and forecast by product, 2018 - 2030
- 6.4.7.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.4.8 Indonesia
- 6.4.8.1 Market estimates and forecast, 2018 - 2030
- 6.4.8.2 Market estimates and forecast by product, 2018 - 2030
- 6.4.8.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.4.9 Malaysia
- 6.4.9.1 Market estimates and forecast, 2018 - 2030
- 6.4.9.2 Market estimates and forecast by product, 2018 - 2030
- 6.4.9.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.5 Latin America
- 6.5.1 Market estimates and forecast, 2018 - 2030
- 6.5.2 Market estimates and forecast by product, 2018 - 2030
- 6.5.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.5.4 Brazil
- 6.5.4.1 Market estimates and forecast, 2018 - 2030
- 6.5.4.2 Market estimates and forecast by product, 2018 - 2030
- 6.5.4.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.5.5 Mexico
- 6.5.5.1 Market estimates and forecast, 2018 - 2030
- 6.5.5.2 Market estimates and forecast by product, 2018 - 2030
- 6.5.5.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.6 Middle East & Africa
- 6.6.1 Market estimates and forecast, 2018 - 2030
- 6.6.2 Market estimates and forecast by product, 2018 - 2030
- 6.6.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.6.4 South Africa
- 6.6.4.1 Market estimates and forecast, 2018 - 2030
- 6.6.4.2 Market estimates and forecast by product, 2018 - 2030
- 6.6.4.3 Market estimates and forecast by vehicle type, 2018 - 2030
- 6.6.5 GCC
- 6.6.5.1 Market estimates and forecast, 2018 - 2030
- 6.6.5.2 Market estimates and forecast by product, 2018 - 2030
- 6.6.5.3 Market estimates and forecast by vehicle type, 2018 - 2030
Chapter 7 Company Profiles
- 7.1 Kolon Industries, Inc.
- 7.1.1 Business overview
- 7.1.2 Financial data
- 7.1.3 Product landscape
- 7.1.4 SWOT analysis
- 7.1.5 Strategic outlook
- 7.1.6 Strategic outlook
- 7.2 Tokusen U.S.A., Inc
- 7.2.1 Business overview
- 7.2.2 Financial data
- 7.2.3 Product landscape
- 7.2.4 SWOT analysis
- 7.2.5 Strategic outlook
- 7.3 Teijin Ltd.
- 7.3.1 Business overview
- 7.3.2 Financial data
- 7.3.3 Product landscape
- 7.3.4 SWOT analysis
- 7.3.5 Strategic outlook
- 7.4 Kordarna Plus A.S.
- 7.4.1 Business overview
- 7.4.2 Financial data
- 7.4.3 Product landscape
- 7.4.4 SWOT analysis
- 7.4.5 Strategic outlook
- 7.5 SRF LTD
- 7.5.1 Business overview
- 7.5.2 Financial data
- 7.5.3 Product landscape
- 7.5.4 SWOT analysis
- 7.5.5 Strategic outlook
- 7.6 Milliken & Company Inc.
- 7.6.1 Business overview
- 7.6.2 Financial data
- 7.6.3 Product landscape
- 7.6.4 SWOT analysis
- 7.6.5 Strategic outlook
- 7.7 Firestone Fibers & Textile Company
- 7.7.1 Business overview
- 7.7.2 Financial data
- 7.7.3 Product landscape
- 7.7.4 SWOT analysis
- 7.7.5 Strategic outlook
- 7.8 KORDSA GLOBAL, INC.
- 7.8.1 Business overview
- 7.8.2 Financial data
- 7.8.3 Product landscape
- 7.8.4 SWOT analysis
- 7.8.5 Strategic outlook
- 7.9 Cordenka GmbH & Co. KG
- 7.9.1 Business overview
- 7.9.2 Financial data
- 7.9.3 Product landscape
- 7.9.4 SWOT analysis
- 7.9.5 Strategic outlook
- 7.10 Hyosung Corporation
- 7.10.1 Business overview
- 7.10.2 Financial data
- 7.10.3 Product landscape
- 7.10.4 SWOT analysis
- 7.10.5 Strategic outlook