Mumbai, India -- (SBWIRE) -- 08/28/2017 -- The new research report on Tire Cord and Tire Fabrics Market offered by DecisionDatabases.com provides Global Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2023. Tire cord and tire fabrics are boosting agents which act as enhancers and base of vehicle tire. Tire cord and tire fabrics provide base structure to the automobile tire and impart necessary qualities to it. Tire cord plays an imperative role in maintaining the dimensions. It also provide support, control and offer comfort to the vehicle.

The reports detailed overview and analysis involves segmentation on the basis of product as polyester, steel, rayon, nylon and others (including aramid, fiberglass, PEN, etc.). Polyester is the major product segment with positive market growth. Nylon is the second largest product segment with substantial market growth and in turn will augment the growth of this market.

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Automobile with its surging growth worldwide is the prominent reason behind the growth of global tire cord and tire fabrics market. Moreover, increase in number of roadway transport in the developed as well as developing nations remarkably fuels the growth of this market. Other segments like aramid and fiberglass are expected to open new opportunities for this market.

Geographically this report is analyzed on the basis of region as Europe, Asia Pacific, North America, Latin America and Middle East and Africa. Asia Pacific is the most dominant region of this market. High growth of automobile industry and presence of major regions like India and China facilitate the growth Asia Pacific region. In addition, increase in the number of vehicles in India both personal and transport respectively, further propels the growth of this market. Followed by Asia Pacific, Europe and North America are regions with high market growth. MEA and Latin America are emerging regions in this market. Key players in the global tire cord and tire fabrics market are Kordarna Plus A.S., Cordenka GmbH & Co. KG, Tokusen USA, Hyosung Corporation, Kordsa Global, SRF Ltd and Kolon Industries.

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