Tire Cord Fabrics Market : was valued at US$ 5.52 Bn in 2021 and is expected to reach US$ 8.90 Bn by 2029, at a CAGR of 6.15% during a forecast period.

Tire Cord Fabrics Market Overview:

the earnings of industry pioneers, imitators, and disruptors. Lockdown's effects vary by geographies and market segments because it was implemented differently across areas and nations. Tire Cord Fabrics Market  The report's discussion of the market's immediate and long-term effects will aid in the preparation of an outline for short- and long-term business strategies by region by decision-makers.

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Market Scope:

The sale of tyre cord and tyre textiles is projected to be boosted by the increasing demand for automobiles across the globe, particularly in the developing nations of Asia and the Pacific. As a result, the market has a direct impact on the state of the automotive industry, with changes in financial conditions having an impact on automakers as well. It affects the manufacture of tyre cords and fabrics. These countries are the bets of the market gurus.The demand for cars in the Asia Pacific region has significantly increased due to the growth of the middle class in China and India, making the region the most enticing for the market of tyre cord and tyre textiles.

Segmentation:

by Material:

• Nylon

• Polyester

• Rayon

• Others

by Tire Type:

• Radial Tires

• Bias Tires

by Application:

• OEM

• Replacement

by Vehicle Type:

• Passenger Cars

• Commercial Vehicles

1. Tire Cord Fabrics Market : Research Methodology

2. Tire Cord Fabrics Market : Executive Summary

• Market Overview and Definitions
• Introduction to Tire Cord Fabrics Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Tire Cord Fabrics Market : Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• MA by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Tire Cord Fabrics Market Segmentation

• Tire Cord Fabrics Market , by Material (2021-2029)
• Tire Cord Fabrics Market ,by Tire Type (2021-2029)
• Tire Cord Fabrics Market , by Application (2021-2029)
• Tire Cord Fabrics Market , by Vehicle Type (2021-2029)

5. Tire Cord Fabrics Market (2021-2029)

• Tire Cord Fabrics Market , by Material (2021-2029)
• Tire Cord Fabrics Market , by Tire Type (2021-2029)
• Tire Cord Fabrics Market , by Application (2021-2029)
• Tire Cord Fabrics Market , by Technology (2021-2029)
• Tire Cord Fabrics Market , by Vehicle Type (2021-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Development

Key Players

• Kolon Industries Inc.

• Hyosung Corporation

• SRF Ltd.

• KordsaTeknikTekstil A.S.

• Teijin Ltd.

• Toray Industries Inc.

• Firestone Fibers Textile Company

• Cordenka GmbH Co Kg

• Shenma Industrial Co. Ltd.

• Saba Tire Cord Company

• Madura Industrial Textiles Ltd.

• Junma Group

• Sohrab Group

• Hanoi Industrial Textile Jsc (Haicatex)

• Glanzstoff Industries

• KuibyshevazotPjsc

• Formosa Taffeta Co. Ltd.

• Oriental Industries (Suzhou) Ltd.

• Kian Cord Co.

• Hangzhou Dikai Industrial Fabrics Co., Ltd.

• Shandong HelonPolytex Chemical Fibre Co., Ltd.

• Shenma Industrial Co., Ltd.

• DongpingJinmaTyre Cord Fabric Co., Ltd.

• Zhejiang Hailide New Material Co., Ltd.

• Colmant Coated Fabrics

• Groz-Beckert

• Milliken Company

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Regional Analysis:

The region with the highest CAGR during the forecast is APAC. Due to the rising production of passenger vehicles in China and India, APAC is one of the world's main manufacturing hubs for the automotive industry. Due to the presence of major automakers like Honda, Hyundai, Nissan, and Toyota, vehicle production in these nations is rising quickly. These nations have already established manufacturing facilities for brands like BMW and Volkswagen, and it is anticipated that this will propel the global market for tyre cord fabrics.

The research provides a thorough assessment of the market. It offers in-depth qualitative insights, historical information, and reliable market size predictions. The figures included in the report were created utilising trusted research institutions and projections. As a result of accountability,

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

COVID-19 Impact Analysis on Tire Cord Fabrics Market :

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lockdown was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

1. Disruption in the automotive industry: The automotive industry, which is a major consumer of tire cord fabrics, experienced a severe downturn during the pandemic. Lockdowns, travel restrictions, and economic uncertainties led to a decline in vehicle production and sales. This directly affected the demand for tire cord fabrics, resulting in reduced orders and lower revenues for manufacturers.

2. Supply chain disruptions: The pandemic caused disruptions in global supply chains due to factory closures, transportation restrictions, and shortage of raw materials. Tire cord fabric manufacturers faced challenges in sourcing inputs and delivering finished products. This led to production delays and increased costs, further impacting the market.

3. Shifts in consumer behavior: The pandemic changed consumer behavior and preferences, leading to a decline in tire demand. People traveled less, resulting in lower tire replacements and new tire purchases. As a result, tire manufacturers reduced their production, leading to reduced demand for tire cord fabrics.

4. Recovery in the automotive industry: As economies gradually reopened and vaccination campaigns progressed, the automotive industry started to recover. This recovery, coupled with pent-up demand for vehicles, is expected to drive the demand for tire cord fabrics. As a result, the market is anticipated to witness a rebound, albeit at a slower pace compared to pre-pandemic levels.

5. Shift towards electric vehicles (EVs): The pandemic highlighted the importance of sustainability, leading to an increased focus on electric vehicles. As the adoption of EVs continues to grow, tire manufacturers may require specialized tire cord fabrics to meet the unique needs of electric vehicle tires. This could present new opportunities for tire cord fabric manufacturers in the long run.

Key Questions Answered in the Tire Cord Fabrics Market Report are:

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