The global tire cords and tire fabrics market is moderately consolidated with the top few companies accounting for the majority of market share. Some of the major companies dominating the market are Bekaert, Hyosung Corporation, Kordsa Global, SRF Ltd. and Kolon Industries.

Albany, NY -- (SBWire) -- 04/08/2016 --This report covers forecast and analysis for the tire cord and tire fabrics market on a global and regional level. The study provides historic data of 2013 along with forecast from 2014 to 2020 based on both volumes (kilo tons) and revenue (USD million). The study includes drivers and restraints for the tire cord and tire fabrics market along with their impact on demand during the forecast period. Additionally, the report includes the study of opportunities available in the market for tire cord and tire fabrics on the global and regional level.

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In order to provide the users of this report with a comprehensive view of this market, we have included a detailed value chain analysis listing market players for each entity in the value chain. An analysis of Porter's Five Forces model has also been included to help understand the competitive landscape in the tire cord and tire fabrics market. The study encompasses market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.

Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The price for commonly utilized grades of tire cord and tire fabric materials has been considered, and customized product pricing has not been included due to lack of reliable data. The demand has been derived by analyzing the production of different vehicle types including personal vehicles, heavy commercial vehicles and light commercial vehicles, off-road vehicles, two-wheelers, and bicycles. Demand for tire cords and tire fabrics has been derived by analyzing the weight ratio of tire cord materials in relation to total tire weight of respective vehicle types such as personal vehicles, commercial vehicles, bus and coaches, off-road vehicles, two-wheelers, and bicycles according to regional trends. In order to arrive at volume consumption of tire cords and tire fabrics in each vehicle type, an average weight of tire was considered for convenience of calculation. The average considered weight for radial and non-radial tires are different for different geographies according to regional trends.

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The tire cord and tire fabrics market has been analyzed based on expected demand. The market data for each segment is based on demand volumes and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers. Forecasts have been based on expected demand from product segments, primarily steel cords, polyester cords, nylon dipped cords, rayon cords, and others. We have used the bottom-up approach to arrive at the global market, considering individual product segments and integrating these to arrive at the global market. Product segments have been further bifurcated using the top-down approach to derive the regional product market consumption. The study covers tire cord and tire fabric manufacturers. Unorganized sectors have not been considered due to unavailability of reliable data. Inflation has not been considered to estimate the forecast for the tire cord and tire fabrics market.

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Several primary and secondary sources were consulted during the course of the study. Some of the secondary sources, which were consulted, were Source One, Activa, Hoovers, OICA, ICRA, NPG-6, Tirebusiness, P2Infohouse, Global Automotive Report 2013 and company annual reports and publications among many others.

The report covers a detailed competitive outlook including market shares and company profiles of key participants operating in the global market. Key players profiled in the report include Hyosung Corporation, Kordsa Global, SRF Ltd., Kolon Industries, Kordarna Plus A.S., Cordenka GmbH & Co. KG and Tokusen USA.

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