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City of Industry, CA -- (SBWIRE) -- 08/01/2018 -- This report studies the global Tire Cord and Tire Fabrics market status and forecast, categorizes the global Tire Cord and Tire Fabrics market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
Tire is one of the most complex engineered products requiring a range of raw materials such as natural rubber, artificial rubber, carbon black, cord fabric, steel and different chemicals.
Tire Cord and Tire Fabrics are reinforcing materials in the tire, providing it with dimensional stability and acting as supports for the vehicle weight. These also help to keep tires in shape in different road conditions. Tire Cord and Tire Fabrics are very important for the performance of a tire, and as a result for the vehicle as well. Different types of reinforcement constructions are required for different types of vehicles, and this depends on their respective uses and load-bearing requirements.
Economic growth in emerging countries in Asia Pacific has led to higher personal vehicle ownership, which in turn has benefitted the tire fabrics market. Additionally, with the reviving U.S. economy and improved job market, consumer spending is increasing, thus benefitting automobiles and its allied industries.
Unfavorable road conditions and burgeoning production of commercial vehicles in Asia Pacific is spurring demand for nylon tire fabrics. In 2015, Asia Pacific held more than 66%of the global tire fabrics production market and over 45%of the consumption market. In the region, high GDP growth, combined with increasing purchasing power in countries such as India, China, Indonesia, and Malaysia, has led to increasing demand for commercial and personal vehicles. This in turn has translated into increasing demand for ancillary products such as tire fabrics. North America trails Asia Pacific in the demand for tire fabrics and is followed by Europe. Though Europe is an established base of reputed automobile manufacturers, other regions, particularly Asia Pacific, are the major markets for European automobiles.
In 2015 the Rest of the World region accounted for the smallest market share in the tire fabrics market. However, increasing demand for automobiles in the region will be beneficial for the tire fabrics market in coming years.
The global Tire Cord and Tire Fabrics market is valued at 4890 million US$ in 2017 and will reach 5880 million US$ by the end of 2025, growing at a CAGR of 2.3% during 2018-2025.
The major manufacturers covered in this report
Hyosung
Kordsa Global
Kolon Industries
SRF Ltd
Performance Fibers
Firestone
Maduratex
Kordarna Plus A.S.
Teijin
Milliken & Company
Far Eastern Group
Century Enka
Cordenka
Junma
Shenma
Jinlun Group
Haiyang Chemical
Xiangyu
Shifeng
Tianheng
Taiji
Dongping Jinma
Hailide
Helon Polytex
Bestory
Unifull
Jiayuan
Dikai
Ruiqi
Hesheng
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)
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