Tire cord Market size is projected to grow at a CAGR of 7.18% during the forecast period (2022-2029).
2021-10-29
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).
Ans) The base considered in the report is 2020.
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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.
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.
Ans) Asia-Pacific occupied the highest market share of 57.06% in 2020 which is expected to reach 69.01% by 2028
Ans) Asia-Pacific is growing at the fastest CAGR of 20.4% during the forecast period (2021-2028)
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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Tel: +1 877 441 4866
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