Tire Cord Market Size Demand Analysis 2022-2029

Tire Cord Market Size Demand Analysis 2022-2029

Tire cord Market size is projected to grow at a CAGR of 7.18% during the forecast period (2022-2029).

2021-10-29

Frequently Asked Questions

Q1) What is the market size & CAGR of Global Tire Cord Market during the forecasting period 2022-2029?

Ans) The global tire cord market size was worth US$ 4,583.98 Million in 2020 and is estimated to reach US$ 16,177.21 Million by 2029, growing at a CAGR of 17.6% during the forecast period (2022-2029).

Q2) What is the base year Calculated in the report?

Ans) The base considered in the report is 2020.

Q3) What are the drivers of the Global Tire Cord Market?

  • Growing demand for eco-friendly manufacturing
  • Demand for high-performance tires

Q4) What is the major restraint of the Global Tire Cord Market?

  • Fluctuating prices of raw material and environmental impact

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Q5)  Based on Material type, Market is segmented into and which is dominating the position of the market and why?

Ans) On the basis of material type, the tire cord market is segmented into Nylon, Polyester, Rayon, Aramid, Steel, Hybrid and Polyethylene Terephthalate (PET). Nylon holds a dominating position in the market due to its high tenacity, toughness, superior fatigue resistance and good adhesion to rubber.

Q6) Bases on the Tire category Which segment is growing fast during the forecasting period?

Ans) On the basis of the Tire category, the Radial segment is growing at the fastest pace in the market owing to the increasing production of passenger cars across the globe.

Q7)Which region occupies the highest market share during the forecast period?

Ans) Asia-Pacific occupied the highest market share of 57.06% in 2020 which is expected to reach 69.01% by 2028

Q8) At what CAGR is the Asia pacific Tire Cord Market growing?

Ans) Asia-Pacific is growing at the fastest CAGR of 20.4% during the forecast period (2021-2028)

Q9) Key Players Involved in the Global Tire Cord Market?

Ans) Indorama Ventures, SRF Limited, Kolon Industries Inc, Tire Cord USA, TEIJIN LIMITED, HYOSUNG, Kordsa Teknik Tekstil A.S., Toray Hybrid Cord, Inc, Century Enka Limited, Firestone Fibers & Textile Company

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Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866

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