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Tire Cord Market Statistics Shows Revolutionary growth in Coming decade | Indorama Ventures Company Limited, Kolon Industries Inc., SRF

The Global Tire Cord Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.

Major Players are:

Indorama Ventures Company Limited, Kolon Industries Inc., SRF Limited, Kordsa Teknik Tekstil A.S., Hyosung Corporation, Toray Industries Inc., Bekaert, Milliken & Company, CORDENKA, Tokusen Kogyo

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A tire is just like a pressure vessel and the cords keep it dimensionally stable. The tire cord is a kind of fabric that comprises of warp cords adjusted in the longitudinal direction and weft yarns adjusted in the lateral direction. The warp cords are used for reinforcing pneumatic tires. The properties of the cord depend on the count of plies of thinner and the number of twists that are to be given in yarn. Many tire companies produce tire cord of high persistence by continuous strands of yarn that are supplied by various manufacturers of fiber.  Tires have to carry heavy loads, and hence steel and fabric cords are mostly used in the construction to support the rubber compound and also provide strength. Tire cord is used as supporting material for tires and is primarily designed to retain tires in shape. These cords help during the impacts that are related to the vehicle’s weight, thus extending the performance of the tire significantly. It also helps in sustaining the tires dimension under many adverse physical conditions and henceforth offering a comfortable ride.

The Global Tire Cord Market segments and Market Data Break Down are illuminated below:

Study by  Type (Nylon, Steel, Polyester, Rayon), Application (Radial Tires, Bias Tires), End-Use (Automotive, Passenger car tires, Bus and truck tires, Motor cycle tires, Others), Manufacturing Method (Spinning, Twisting, Cabling, Weaving, Dipping, Others)

Market Trends:

Increase in the Renovation Activities in the Developing Countries

Growing Trend of Integrating of Automation in Industries

Increase in the Implementation of Eco-Friendly Cord Fabric

The rise in the Environmental Awareness

Market Drivers:

With the growing urban population, there is an increase in the demand for vehicles. Hence there is rapid growth in the automobile industry across the globe therefore tire cords market would grow. With the increase in the construction sector, there is a ne

Years considered for this report:

  • Historical Years: 2015-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2020-2027

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Current Scenario Analysis for Decision Framework

Key Strategic Developments in Tire Cord Market:

The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global Tire Cord Market

The report highlights Tire Cord market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Tire Cord market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Important Facts about Global Tire Cord Market Report:

  • Market share valuations of the segments on country and global level
  • Share analysis of the major market players
  • Opportunities for new market entrants
  • Market forecast for a minimum of six years for all the segments, sub-segments in various countries and regions
  • Market Trends (drivers, restraints, opportunities, threats, challenges, investment opportunities, and approvals)
  • Strategic endorsements in key business segments on the basis of market valuations
  • Competitive scenario mapping the key development patterns.
  • Company profiling with comprehensive strategies, financial details, and recent progressions.
  • Supply chain trends representing the latest technological advancements.

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Extract from Table of Content:

Chapter 01 – Executive Summary

1.1 Snapshot of the key findings and key statistics.

1.2 Market value (US$ million).

Chapter 02 – Market Overview

Chapter 03 – Key Success Factors

3.1 Strategies adopted by key market participants and factors that have turned into success.

3.2 Additional viewpoint on global average pricing analysis benchmark, and consumer’s sentiments’ analysis.

Chapter 04 – Covid-19 Crisis Analysis on Global Tire Cord Market

Chapter 05 – Global Tire Cord Market – Pricing Analysis

Chapter 06 – Global Tire Cord Market Background

6.1 Macroeconomic factors affecting the Global Tire Cord market

6.2 Explore supply chain and value chain analysis.

6.3 In-depth information about the market dynamics and their consequences.

Chapter 07 — Global Tire Cord Market Segmentation

Chapter 08 – Key and Emerging Countries Analysis in Global Tire Cord Market

Chapter 09 – Global Tire Cord Market Structure Analysis

Chapter 10 – Global Tire Cord Market Competitive Analysis

10.1 Market Concentration Rate
 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
 Heat Map Analysis
 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]

Chapter 11 – Assumptions and Acronyms

Chapter 12 – Research Methodology

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