Tire Cord and Tire Fabrics Market growth outlook with industry review and forecast 2019-2024 - PowerPoint PPT Presentation

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Tire Cord and Tire Fabrics Market growth outlook with industry review and forecast 2019-2024

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An outlook Tire Cord and Tire Fabrics Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years. – PowerPoint PPT presentation

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Title: Tire Cord and Tire Fabrics Market growth outlook with industry review and forecast 2019-2024


1
Tire Cord and Tire Fabrics Market Growth Outlook
with Industry Review and Forecast 2019-2025
2019 Global Market Insights, Inc. USA. All
Rights Reserved
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2
Global Market Scenario of Tire Cord and Tire
Fabrics Industry
  • Rayon cord, steel cord, nylon dipped cord, and
    polyester are the major products of tire cord and
    tire fabrics market. Polyester tire cord and tire
    fabrics industry is projected to grow at a rate
    of 5 over the duration of 2016 to 2024, subject
    to enhanced product utilization in passenger car
    tires due to its low price and favorable physical
    characteristics.
  • The thriving automotive sector is forecast to
    make notable contributions towards tire cord and
    tire fabrics industry size over the years ahead,
    driven by the growing use of the product in
    vehicle production. South Korea, Japan, China,
    U.S., and India, which accounted for over 50 of
    the total vehicle production in 2015, are
    expected to contribute significantly towards the
    global demand for vehicles over the next few
    years. According to Global Market Insights, Inc.
  • Steel tire cord and tire fabrics market, worth
    USD 1 billion in 2015, is projected to observe
    the notable expansion over the coming seven
    years. The growth can be credited to a high
    inclination towards the use of radial tires
    across regions such as North America along with
    mushrooming product application in the production
    of commercial vehicles.

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3
Continue-
  • Tire Cord and Tire Fabrics Market revenue is
    expected to experience a significant upsurge over
    the coming years, augmented by mergers
    acquisitions, joint ventures, and product
    innovations. Recently, Indorama Ventures, a
    petrochemical producing firm based in Thailand,
    has decided to acquire Glanzstoff, a leading
    European manufacturer of tire raw materials as
    well as its supplier to key tire manufacturing
    firms in Europe.
  •  Glazstoff collects a revenue of nearly USD 190
    million annually and is ranked second in rayon
    tire cords production across the globe. By
    acquiring Glanzstoff, Indorama aims to enhance
    its nylon polyester fiber production for high
    performing lightweight tires, most popularly used
    in self-driving automobiles and electric cars. It
    is predicted that the worldwide demand for high
    performing lightweight tires across luxury,
    self-driving, and electric cars sectors will grow
    at an annual rate of 4 to 7 over the coming
    five years, thereby generating lucrative growth
    opportunities for tire cord and tire fabrics
    industry.

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Rights Reserved
www.gminsights.com
4
Request for sample copy of this research report_at_
https//bit.ly/2At5ASQ
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
360 Industry Analysis
  • Taking into consideration the regional trends,
    tire cord and tire fabrics industry in Asia
    Pacific is expected to grow considerably over the
    coming timeframe, driven by high vehicle sales in
    India and China. This can be credited to the rise
    in disposable incomes of consumers as well as an
    increase in the population of middle-income
    groups. Key car manufacturing firms such as Audi,
    Nissan, Mercedes Benz, BMW, and Volkswagen are
    also establishing their production bases across
    the region, which is going to positively impact
    the business scenario.
  • North America tire cord and tire fabrics market
    value, worth USD 800 million in 2015, is
    predicted to witness a high surge over the coming
    seven years. Escalated consumer demand for SUVs
    and luxury vehicles is expected to push tire cord
    and tire fabrics industry revenue in the region.
    The U.S., which contributes over 65 of the
    automobile sales in North America, is likely to
    stimulate the regional demand. The sale of
    commercial and personal vehicles in the U.S. is
    projected to cross 12 million and 10 million
    units by 2024, thereby adding towards business
    expansion of tire cord and tire fabrics industry.
  •  

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6
  • Competitive Analysis
  • Key players in the tire cord and tire fabrics
    market include Hyosung Corporation, Kolon
    Industries Incorporation, Firestone Fibers
    Textile Company, SRF Limited, Bekaert, Kordsa
    Global Incorporation, Kordarna A.S., CORDENKA
    GmbH Co. KG, Teijin Limited, Tokusen USA
    Incorporation, and Milliken Company.

Make An Inquiry For Purchasing This Report
_at_https//bit.ly/2OPII9Q
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7
Latest Research Report On Tire cord and Tire
Fabrics Market _at_ https//bit.ly/2DedQbp Request
for sample of this research report_at_
https//bit.ly/2At5ASQ Request for
customization https//bit.ly/2Bglfqc
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
8
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
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