Tire Cord Tire Fabrics Market Set for Rapid Growth and Trend, by 2023

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Tire Cord and Tire Fabrics Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2023

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About Us

• Transparency Market Research (TMR) is a market
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• Tire Cord and Tire Fabrics Market Overview 

• Transparency Market Research observes that the
  vendor landscape for Africa lead acid battery is
  foreseen to be moderately competitive and is
  expected to be led by a handful of market
  players. 
• Exide Technologies, DIXON Batteries, First
  National Battery Ltd., EnerSys, and Johnson
  Controls Inc. are some of the noted market
  players that are dominating Africa lead acid
  battery market.
• Expansion of usage of lead acid battery to brand
  new application areas with promise of high growth
  and introduction of better, effective batteries
  at reasonable prices could be the key to success
  in the Africa lead acid battery market.

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Low Cost Price to Generate Market Demand 

• There has been an improvement in the African
  economy as such, the purchasing power of people
  has been enhanced.
• In addition to that, automobile segment has
  witnessed massive growth in the recent times as
  well. The demand for passenger vehicles has
  increased substantially and it is set to rise
  further in the years to come.
• There has been an increase in the production of
  vehicles following rising demand for automobiles.
• As such, manufacturing of lead acid battery has
  increased thereby stimulating growth of Africa
  lead acid batter market.
• The usage of lead acid batteries in airplanes,
  buses, cars, trains, and trucks is supporting its
  growth in Africa. 

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Demand for Better Efficiency Driving Steel Tire
Cord Segment

• By product, the steel segment emerged dominant in
  the market. As per TMR, the segment held over 58
  of the overall tire cord and tire fabrics market
  in 2014.
• The steel segment is expected to maintain its
  dominance in the market through the forecast
  period.
• Besides this, the usage of polyester tire cord
  and tire fabrics is also expected to rise in tire
  manufacturing.
• During the forecast period, the demand for nylon
  tire cords is also expected to increase.

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Some of the most prominent companies operating in
Market

• Kordarna Plus A.S.
• Hyosung Corporation
• Cordenka GmbH Co.
• KG, SRF Ltd.,
• Kolon Industries
• Kordsa Global
• Tokusen USA.

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