Product Code: PMRREP33215
Persistence Market Research presents an in-depth analysis of the Tire Cord & Tire Fabrics Market, offering insights into its intricate dynamics and future trajectory. From market trends to growth catalysts, impediments, and emerging patterns, this report furnishes invaluable statistics and projections spanning from 2024 to 2032.
Key Insights:
- Tire Cord & Tire Fabrics Market Size (2024): USD 5.53 Billion
- Projected Market Value (2032): USD 9 Billion
- Global Market Growth Rate (CAGR 2024 to 2032): 6.3%
Tire Cord & Tire Fabrics Market - Report Scope:
The Tire Cord & Tire Fabrics Market encompasses various applications across industries such as automotive, aerospace, and industrial. Tire cords and fabrics are crucial components in the manufacturing of tires, providing reinforcement and enhancing durability. This market caters to a wide range of end-users, including tire manufacturers, automotive OEMs, and industrial equipment producers, offering materials with superior strength and performance characteristics. Market growth is driven by factors such as technological advancements, increasing vehicle production, and rising demand for high-performance tires.
Market Growth Drivers:
The global Tire Cord & Tire Fabrics Market is bolstered by several key growth drivers. Technological advancements in tire manufacturing enhance the performance and longevity of tires, driving the adoption of advanced tire cords and fabrics. Moreover, the increasing vehicle production, especially in emerging economies, creates significant demand for tire reinforcement materials. Additionally, the growing emphasis on vehicle safety and performance stimulates research and development activities, leading to the development of novel materials that improve tire durability and performance.
Market Restraints:
Despite its promising growth prospects, the Tire Cord & Tire Fabrics Market faces challenges related to raw material costs, regulatory compliance, and environmental concerns. Fluctuations in raw material prices, such as rubber and synthetic fibers, impact manufacturing costs and profit margins. Furthermore, stringent regulatory requirements regarding tire manufacturing and environmental standards impose compliance burdens on manufacturers and end-users, impacting market expansion. Additionally, environmental concerns related to the production and disposal of tires can affect market growth, necessitating the development of sustainable alternatives.
Market Opportunities:
The Tire Cord & Tire Fabrics Market presents lucrative growth opportunities driven by technological innovation, industry collaborations, and market diversification. Emerging trends such as green tires, lightweight materials, and smart tire technologies inspire manufacturers to explore new formulations and applications for tire cords and fabrics. Moreover, strategic partnerships, research collaborations, and mergers and acquisitions enable market players to expand their product portfolios, enhance their technical capabilities, and strengthen their market presence in key regions. Furthermore, growing investments in research and development, coupled with increasing government support for innovation and industrial infrastructure, create a conducive environment for market expansion and diversification.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the Tire Cord & Tire Fabrics Market globally?
- How are technological advancements and industry trends shaping the evolution of tire cord and fabric applications and formulations?
- What are the key challenges and opportunities facing market participants in the tire reinforcement segment?
- Which industrial sectors and geographic regions offer the highest growth potential for tire cord and fabric manufacturers?
- What strategies are leading companies employing to differentiate their tire reinforcement offerings and capture market share in the competitive landscape?
Competitive Intelligence and Business Strategy:
Leading players in the global Tire Cord & Tire Fabrics Market, including tire manufacturers, automotive companies, and industrial firms, focus on innovation, product differentiation, and market expansion to gain a competitive edge. These companies invest in research and development to develop advanced tire reinforcement technologies, improve product quality, and explore new applications for tire cords and fabrics in various industries. Moreover, strategic collaborations with research institutions, academic partners, and industry associations enable market players to access new technologies, expand their knowledge base, and accelerate product development efforts. Furthermore, emphasis on regulatory compliance, quality assurance, and customer support enhances brand reputation and fosters long-term relationships with customers and stakeholders.
Key Companies Profiled:
- Bekaert
- Hyosung Corporation
- Kordsa Teknik Tekstil A.S.
- Toray Industries, Inc.
- SRF Limited
- Kolon Industries, Inc.
- Teijin Limited
- Cordenka GmbH & Co. KG
- Milliken & Company
- Indorama Ventures Public Company Limited
- Firestone Fibers & Textiles Company, LLC
- Zhejiang Hailide New Material Co., Ltd.
Tire Cord & Tire Fabrics Market Research Segmentation:
By Material Type
- Nylon Dipped Cord
- Steel Cord
- Rayon Cord
- Polyester
- Others
By Product Type
By Application
By End User
- Passenger Car
- LCV
- HCV
- Off-road Vehicles and Two Wheelers
By Region
- North America Market
- Europe Market
- East Asia Market
- South Asia and Pacific Market
- Middle East & Africa Market
- South America Market
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand-side Trends
- 1.3. Supply-side Trends
- 1.4. Technology Roadmap Analysis
- 1.5. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
3. Market Background
- 3.1. Market Dynamics
- 3.1.1. Drivers
- 3.1.2. Restraints
- 3.1.3. Opportunity
- 3.1.4. Trends
- 3.2. Scenario Forecast
- 3.2.1. Demand in Optimistic Scenario
- 3.2.2. Demand in Likely Scenario
- 3.2.3. Demand in Conservative Scenario
- 3.3. Opportunity Map Analysis
- 3.4. Investment Feasibility Matrix
- 3.5. PESTLE and Porter's Analysis
- 3.6. Regulatory Landscape
- 3.6.1. By Key Regions
- 3.6.2. By Key Countries
- 3.7. Regional Parent Market Outlook
4. Global Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast, 2024-2032
- 4.1. Historical Market Size Value (US$ Bn) Analysis, 2019-2023
- 4.2. Current and Future Market Size Value (US$ Bn) Projections, 2024-2032
- 4.2.1. Y-o-Y Growth Trend Analysis
- 4.2.2. Absolute $ Opportunity Analysis
5. Global Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast 2024-2032, By Product
- 5.1. Introduction / Key Findings
- 5.2. Historical Market Size Value (US$ Bn) Analysis By Product, 2019-2023
- 5.3. Current and Future Market Size Value (US$ Bn) Analysis and Forecast By Product, 2024-2032
- 5.3.1. Nylon Dipped Cord
- 5.3.2. Steel Cord
- 5.3.3. Rayon Cord
- 5.3.4. Polyester
- 5.3.5. Others
- 5.4. Y-o-Y Growth Trend Analysis By Product, 2019-2023
- 5.5. Absolute $ Opportunity Analysis By Product, 2024-2032
6. Global Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast 2024-2032, By Vehicle Type
- 6.1. Introduction / Key Findings
- 6.2. Historical Market Size Value (US$ Bn) Analysis By Vehicle Type, 2019-2023
- 6.3. Current and Future Market Size Value (US$ Bn) Analysis and Forecast By Vehicle Type, 2024-2032
- 6.3.1. Passenger Car
- 6.3.2. LCV
- 6.3.3. HCV
- 6.3.4. Off-road Vehicles and Two Wheelers
- 6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2019-2023
- 6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2024-2032
7. Global Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast 2024-2032, By Region
- 7.1. Introduction
- 7.2. Historical Market Size Value (US$ Bn) Analysis By Region, 2019-2023
- 7.3. Current Market Size Value (US$ Bn) Analysis and Forecast By Region, 2024-2032
- 7.3.1. North America
- 7.3.2. Latin America
- 7.3.3. Europe
- 7.3.4. South Asia
- 7.3.5. East Asia
- 7.3.6. Oceania
- 7.3.7. MEA
- 7.4. Market Attractiveness Analysis By Region
8. North America Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast 2024-2032, By Country
- 8.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 8.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 8.2.1. By Country
- 8.2.1.1. U.S.
- 8.2.1.2. Canada
- 8.2.2. By Product
- 8.2.3. By Vehicle Type
- 8.3. Market Attractiveness Analysis
- 8.3.1. By Country
- 8.3.2. By Product
- 8.3.3. By Vehicle Type
- 8.4. Key Takeaways
9. Latin America Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast 2024-2032, By Country
- 9.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 9.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 9.2.1. By Country
- 9.2.1.1. Brazil
- 9.2.1.2. Mexico
- 9.2.1.3. Rest of Latin America
- 9.2.2. By Product
- 9.2.3. By Vehicle Type
- 9.3. Market Attractiveness Analysis
- 9.3.1. By Country
- 9.3.2. By Product
- 9.3.3. By Vehicle Type
- 9.4. Key Takeaways
10. Europe Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast 2024-2032, By Country
- 10.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 10.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 10.2.1. By Country
- 10.2.1.1. Germany
- 10.2.1.2. U.K.
- 10.2.1.3. France
- 10.2.1.4. Spain
- 10.2.1.5. Italy
- 10.2.1.6. Rest of Europe
- 10.2.2. By Product
- 10.2.3. By Vehicle Type
- 10.3. Market Attractiveness Analysis
- 10.3.1. By Country
- 10.3.2. By Product
- 10.3.3. By Vehicle Type
- 10.4. Key Takeaways
11. South Asia Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast 2024-2032, By Country
- 11.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 11.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 11.2.1. By Country
- 11.2.1.1. India
- 11.2.1.2. Malaysia
- 11.2.1.3. Singapore
- 11.2.1.4. Thailand
- 11.2.1.5. Rest of South Asia
- 11.2.2. By Product
- 11.2.3. By Vehicle Type
- 11.3. Market Attractiveness Analysis
- 11.3.1. By Country
- 11.3.2. By Product
- 11.3.3. By Vehicle Type
- 11.4. Key Takeaways
12. East Asia Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast 2024-2032, By Country
- 12.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 12.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 12.2.1. By Country
- 12.2.1.1. China
- 12.2.1.2. Japan
- 12.2.1.3. South Korea
- 12.2.2. By Product
- 12.2.3. By Vehicle Type
- 12.3. Market Attractiveness Analysis
- 12.3.1. By Country
- 12.3.2. By Product
- 12.3.3. By Vehicle Type
- 12.4. Key Takeaways
13. Oceania Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast 2024-2032, By Country
- 13.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 13.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 13.2.1. By Country
- 13.2.1.1. Australia
- 13.2.1.2. New Zealand
- 13.2.2. By Product
- 13.2.3. By Vehicle Type
- 13.3. Market Attractiveness Analysis
- 13.3.1. By Country
- 13.3.2. By Product
- 13.3.3. By Vehicle Type
- 13.4. Key Takeaways
14. MEA Tire Cord & Tire Fabrics Market Analysis 2019-2023 and Forecast 2024-2032, By Country
- 14.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 14.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 14.2.1. By Country
- 14.2.1.1. GCC Countries
- 14.2.1.2. South Africa
- 14.2.1.3. Israel
- 14.2.1.4. Rest of MEA
- 14.2.2. By Product
- 14.2.3. By Vehicle Type
- 14.3. Market Attractiveness Analysis
- 14.3.1. By Country
- 14.3.2. By Product
- 14.3.3. By Vehicle Type
- 14.4. Key Takeaways
15. Key Countries Tire Cord & Tire Fabrics Market Analysis
- 15.1. U.S.
- 15.1.1. Pricing Analysis
- 15.1.2. Market Share Analysis, 2024
- 15.1.2.1. By Product
- 15.1.2.2. By Vehicle Type
- 15.2. Canada
- 15.2.1. Pricing Analysis
- 15.2.2. Market Share Analysis, 2024
- 15.2.2.1. By Product
- 15.2.2.2. By Vehicle Type
- 15.3. Brazil
- 15.3.1. Pricing Analysis
- 15.3.2. Market Share Analysis, 2024
- 15.3.2.1. By Product
- 15.3.2.2. By Vehicle Type
- 15.4. Mexico
- 15.4.1. Pricing Analysis
- 15.4.2. Market Share Analysis, 2024
- 15.4.2.1. By Product
- 15.4.2.2. By Vehicle Type
- 15.5. Germany
- 15.5.1. Pricing Analysis
- 15.5.2. Market Share Analysis, 2024
- 15.5.2.1. By Product
- 15.5.2.2. By Vehicle Type
- 15.6. U.K.
- 15.6.1. Pricing Analysis
- 15.6.2. Market Share Analysis, 2024
- 15.6.2.1. By Product
- 15.6.2.2. By Vehicle Type
- 15.7. France
- 15.7.1. Pricing Analysis
- 15.7.2. Market Share Analysis, 2024
- 15.7.2.1. By Product
- 15.7.2.2. By Vehicle Type
- 15.8. Spain
- 15.8.1. Pricing Analysis
- 15.8.2. Market Share Analysis, 2024
- 15.8.2.1. By Product
- 15.8.2.2. By Vehicle Type
- 15.9. Italy
- 15.9.1. Pricing Analysis
- 15.9.2. Market Share Analysis, 2024
- 15.9.2.1. By Product
- 15.9.2.2. By Vehicle Type
- 15.10. India
- 15.10.1. Pricing Analysis
- 15.10.2. Market Share Analysis, 2024
- 15.10.2.1. By Product
- 15.10.2.2. By Vehicle Type
- 15.11. Malaysia
- 15.11.1. Pricing Analysis
- 15.11.2. Market Share Analysis, 2024
- 15.11.2.1. By Product
- 15.11.2.2. By Vehicle Type
- 15.12. Singapore
- 15.12.1. Pricing Analysis
- 15.12.2. Market Share Analysis, 2024
- 15.12.2.1. By Product
- 15.12.2.2. By Vehicle Type
- 15.13. Thailand
- 15.13.1. Pricing Analysis
- 15.13.2. Market Share Analysis, 2024
- 15.13.2.1. By Product
- 15.13.2.2. By Vehicle Type
- 15.14. China
- 15.14.1. Pricing Analysis
- 15.14.2. Market Share Analysis, 2024
- 15.14.2.1. By Product
- 15.14.2.2. By Vehicle Type
- 15.15. Japan
- 15.15.1. Pricing Analysis
- 15.15.2. Market Share Analysis, 2024
- 15.15.2.1. By Product
- 15.15.2.2. By Vehicle Type
- 15.16. South Korea
- 15.16.1. Pricing Analysis
- 15.16.2. Market Share Analysis, 2024
- 15.16.2.1. By Product
- 15.16.2.2. By Vehicle Type
- 15.17. Australia
- 15.17.1. Pricing Analysis
- 15.17.2. Market Share Analysis, 2024
- 15.17.2.1. By Product
- 15.17.2.2. By Vehicle Type
- 15.18. New Zealand
- 15.18.1. Pricing Analysis
- 15.18.2. Market Share Analysis, 2024
- 15.18.2.1. By Product
- 15.18.2.2. By Vehicle Type
- 15.19. GCC Countries
- 15.19.1. Pricing Analysis
- 15.19.2. Market Share Analysis, 2024
- 15.19.2.1. By Product
- 15.19.2.2. By Vehicle Type
- 15.20. South Africa
- 15.20.1. Pricing Analysis
- 15.20.2. Market Share Analysis, 2024
- 15.20.2.1. By Product
- 15.20.2.2. By Vehicle Type
- 15.21. Israel
- 15.21.1. Pricing Analysis
- 15.21.2. Market Share Analysis, 2024
- 15.21.2.1. By Product
- 15.21.2.2. By Vehicle Type
16. Market Structure Analysis
- 16.1. Competition Dashboard
- 16.2. Competition Benchmarking
- 16.3. Market Share Analysis of Top Players
- 16.3.1. By Regional
- 16.3.2. By Product
- 16.3.3. By Vehicle Type
17. Competition Analysis
- 17.1. Competition Deep Dive
- 17.1.1. Kemrock Industries and Exports Limited
- 17.1.1.1. Overview
- 17.1.1.2. Product Portfolio
- 17.1.1.3. Profitability by Market Segments
- 17.1.1.4. Sales Footprint
- 17.1.1.5. Strategy Overview
- 17.1.1.5.1. Marketing Strategy
- 17.1.2. Kordsa Global, Inc.
- 17.1.2.1. Overview
- 17.1.2.2. Product Portfolio
- 17.1.2.3. Profitability by Market Segments
- 17.1.2.4. Sales Footprint
- 17.1.2.5. Strategy Overview
- 17.1.2.5.1. Marketing Strategy
- 17.1.3. BASF SE
- 17.1.3.1. Overview
- 17.1.3.2. Product Portfolio
- 17.1.3.3. Profitability by Market Segments
- 17.1.3.4. Sales Footprint
- 17.1.3.5. Strategy Overview
- 17.1.3.5.1. Marketing Strategy
- 17.1.4. Arkema S.A
- 17.1.4.1. Overview
- 17.1.4.2. Product Portfolio
- 17.1.4.3. Profitability by Market Segments
- 17.1.4.4. Sales Footprint
- 17.1.4.5. Strategy Overview
- 17.1.4.5.1. Marketing Strategy
- 17.1.5. SGL Carbon SE
- 17.1.5.1. Overview
- 17.1.5.2. Product Portfolio
- 17.1.5.3. Profitability by Market Segments
- 17.1.5.4. Sales Footprint
- 17.1.5.5. Strategy Overview
- 17.1.5.5.1. Marketing Strategy
- 17.1.6. Solvay S.A.
- 17.1.6.1. Overview
- 17.1.6.2. Product Portfolio
- 17.1.6.3. Profitability by Market Segments
- 17.1.6.4. Sales Footprint
- 17.1.6.5. Strategy Overview
- 17.1.6.5.1. Marketing Strategy
- 17.1.7. Kolon Industries, Inc.
- 17.1.7.1. Overview
- 17.1.7.2. Product Portfolio
- 17.1.7.3. Profitability by Market Segments
- 17.1.7.4. Sales Footprint
- 17.1.7.5. Strategy Overview
- 17.1.7.5.1. Marketing Strategy
- 17.1.8. Mitsubishi Rayon Co. Ltd
- 17.1.8.1. Overview
- 17.1.8.2. Product Portfolio
- 17.1.8.3. Profitability by Market Segments
- 17.1.8.4. Sales Footprint
- 17.1.8.5. Strategy Overview
- 17.1.8.5.1. Marketing Strategy
- 17.1.9. Hyosung Corporation
- 17.1.9.1. Overview
- 17.1.9.2. Product Portfolio
- 17.1.9.3. Profitability by Market Segments
- 17.1.9.4. Sales Footprint
- 17.1.9.5. Strategy Overview
- 17.1.9.5.1. Marketing Strategy
- 17.1.10. Toray Industries Inc.
- 17.1.10.1. Overview
- 17.1.10.2. Product Portfolio
- 17.1.10.3. Profitability by Market Segments
- 17.1.10.4. Sales Footprint
- 17.1.10.5. Strategy Overview
- 17.1.10.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology