In-Depth Exploration of the Polyester Tire Cord Fabrics Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Polyester Tire Cord Fabrics Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Polyester Tire Cord Fabrics Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2022-2028.
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A class of reinforcing fabric made of yarns of the highest calibre is polyester tire cord textiles. It is made using several procedures, such as polymerization, extraction, and drying, melt spinning to create tire yarn, and twisting and plying to create cable from tire yarn. All varieties of radial and biased tires, including medium and heavy duty as well as light commercial tires, are reinforced throughout the manufacturing process using polyester tire cord textiles. The market is driven by increasing Preference for Fuel Efficient Tires and rising Demand for Passenger Cars in the Emerging Economies. The Organization International des Constructers automobiles (OICA) reports that global passenger car sales increased to 56.39 million in 2021 from 53.91 million in 2020. This increased demand for polyester tire cord textiles led to increased tire production for a variety of vehicle types. Additionally, 57,054,295 passenger automobiles were produced in 2021, an increase of 2% from the 55,908,989 units produced in 2020. Furthermore, demand for Eco-Friendly Tire Cord Fabrics creates lucrative opportunities in the upcoming years. However, Cost-Sensitiveness of the Automotive Industry impedes the growth of the market over the forecast period of 2022-2028
The key regions considered for the global Polyester Tire Cord Fabrics Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is leading the global market share and expected to be the fastest growing region in the forecast years. Factors supporting towards the market growth are growing demand for fuel-efficient cars and rising adoption of electrical vehicles in the countries.
Major market players included in this report are:
- Indorama Ventures Public Company Limited
- Kordsa Teknik Tekstil A.S.
- Madura Industrial Textiles Ltd.
- Teijin Frontier(U.S.A.),Inc.
- Toray Industries, Inc.
- KORDRNA Plus a.s.
- Kolon Industries Inc.
- HYOSUNG
- SRF Limited
- Zhejiang Hailide New Material Co. Ltd
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Tire Type:
Radial Tire
Biased Tire
By Application:
Passenger Cars
Commercial Vehicles
Other Applications
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Polyester Tire Cord Fabrics market, including:
- What can be expected for the Polyester Tire Cord Fabrics market in the next decade?
- What are the primary drivers of growth in the global Polyester Tire Cord Fabrics market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Polyester Tire Cord Fabrics market vary based on the size of the end market?
- What is the breakdown of Polyester Tire Cord Fabrics by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Polyester Tire Cord Fabrics market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Polyester Tire Cord Fabrics Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Polyester Tire Cord Fabrics Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Polyester Tire Cord Fabrics Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Polyester Tire Cord Fabrics Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Polyester Tire Cord Fabrics Market.
Our Polyester Tire Cord Fabrics Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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