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Tire Cord & Tire Fabrics Market Share

  • Report ID: GMI850
  • Published Date: Aug 2022
  • Report Format: PDF
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Tire Cord & Tire Fabrics Market Share

  • Kemrock Industries and Exports Limited
  • Kordsa Global, Inc.
  • BASF SE
  • Arkema S.A
  • SGL Carbon SE
  • Solvay S.A.
  • Kolon Industries, Inc.
  • Mitsubishi Rayon Co. Ltd
  • Hyosung Corporation
  • Toray Industries Inc.

are some of the key tire cord & tire fabrics market players. Firms are engaging in profitable strategies, such as growth mergers, partnerships, research & development projects, and so forth, to boost their market position. For instance, Kolon Industries, Inc., a Korean textile and chemical manufacturing company, focuses on a growth strategy of responding to market demand for tire cords and fabrics. Recently, it systematically increased its production capacity in manufacturing plants at Nanjing and Gumi to cater to the rising demand for HVC in the regions.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market for tire cords & tire fabrics was valued at more than USD 4,600 million in 2021 and is set to progress at a CAGR of 6.4% over the forecast period.

The APAC market will be valued at more than USD 960 million by 2030 owing to the rapidly increasing demand for cars, two-wheelers, and heavy vehicles from countries including China, Japan, India, Indonesia, and Malaysia.

The steel cord segment is poised to grow at a CAGR of around 6.3% over the forecast period due to the increasing production of radial tires, which is the principal consumer of steel belts and steel cords in the automotive industry.

Some major companies in the tire cords & tire fabrics industry are BASF SE, Arkema S.A, SGL Carbon SE, Kemrock Industries and Exports Limited, Solvay S.A., Mitsubishi Rayon Co. Ltd, and Toray Industries Inc.

Tire Cord & Tire Fabrics Market Scope

  • Tire Cord & Tire Fabrics Market Size
  • Tire Cord & Tire Fabrics Market Analysis
  • Tire Cord & Tire Fabrics Market Share

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    Premium Report Details

    • Base Year: 2021
    • Companies covered: 12
    • Tables & Figures: 165
    • Countries covered: 18
    • Pages: 200
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