Tire Cord Fabrics Market - Forecast (2023 - 2028)

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Tire Cord Fabrics Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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• The tire cord fabrics market size is forecast to
  reach US7.2 billion by 2027 after growing at a
  CAGR of 6.2 during 2022-2027. Tire cord fabrics
  refer to reinforcement material used in the tires
  of passenger cars, motors cycles, aircraft, and
  several other vehicles. These fabrics are
  prepared with multiple materials such
  as polyester, nylon, and aramid which later offer
  shape, strength, and durability to the tires.
  Passenger cars drive the highest use of tire cord
  fabrics in their tires as they allow better
  vehicle handling,  high tire strength, and
  support the weight of the vehicle. The demand for
  passenger cars is exhibiting tremendous figures
  with increasing production and sales and this, in
  turn, is anticipated to drive the growth of the
  market during the forecast period. 

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• Key Takeaways
• Nylon dominated the tire cord fabrics market in
  2021. This fabric material offers robust wear
  resistance and durability to a wide variety of
  tires, making it a suitable choice in the
  market. 
• Growth in Passenger car is driving the growth of
  the market. According to the July 2021 data
  by the European Automobile Manufacturers
  Association, registrations in the passenger cars
  segment surged by 10.4 in June 2021 compared to
  the registrations done in June 2020. 

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By Distribution Channel- Segment
Analysis Nylon dominated the cord fabrics market
in 2021. This type of fabric material helps in
the production of high-strength and high wear
resistance tires. Nylon fabrics are used as
reinforcement in tires of a wide range of
vehicles ranging from passenger cars to Motor
Cycles and aircraft. Owing to such a diverse
portfolio, nylon material witnesses its high use
in the market. As per the data by the Indian
Technical Textile Association (ITTA), the tire
sector consumer around 98 of the
total nylon tire cord consumption. This type of
tire cord fabric is usually preferred
over polyester and rayon tire cords in the tire
sector.
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• Tire Cord Fabrics
  Market Outlook 
•   Kolon Industries Inc.
• Hyosung Corporation
• Toray Hybrid Cord, Inc.
• Indorama Ventures Company
• Kordsa Teknik Tekstil AS
• Teijin Aramid
• Formosa Tafetta Co.
• Cordenka GmbH CoKG
• N.VBekaert S.A.
• SRF Limited

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Tire Cord Fabrics Market Forecast
(2023 - 2028) Learn More About the Report _at_
https//www.industryarc.com/Research/Tire-Cord-Fa
brics-Market-Research-510206
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