Tire Cord And Tire Fabrics Market Size Forecasts | Global Statistics Over 2019-2024
Category: #headline  By Ashwin Naphade  Date: 2019-09-18
  • share
  • Twitter
  • Facebook
  • LinkedIn

Tire Cord And Tire Fabrics Market Size Forecasts | Global Statistics Over 2019-2024

Global Market Insights, Inc. has announced the launch of Tire Cord And Tire Fabrics Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Tire Cord and Tire Fabrics Market revenue is expected to experience a significant upsurge over the coming years, augmented by mergers & acquisitions, joint ventures, and product innovations. Recently, Indorama Ventures, a petrochemical producing firm based in Thailand, has decided to acquire Glanzstoff, a leading European manufacturer of tire raw materials as well as its supplier to key tire manufacturing firms in Europe.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/850

According to Global Market Insights, Inc., “Tire cord and tire fabrics industry value, estimated at USD 3.85 billion in 2015, is slated to hit USD 6.4 billion by 2024.”

 Glazstoff collects a revenue of nearly USD 190 million annually and is ranked second in rayon tire cords production across the globe. By acquiring Glanzstoff, Indorama aims to enhance its nylon & polyester fiber production for high performing lightweight tires, most popularly used in self-driving automobiles and electric cars. It is predicted that the worldwide demand for high performing lightweight tires across luxury, self-driving, and electric cars sectors will grow at an annual rate of 4 % to 7% over the coming five years, thereby generating lucrative growth opportunities for tire cord and tire fabrics industry.

Taking into consideration the regional trends, tire cord and tire fabrics industry in Asia Pacific is expected to grow considerably over the coming timeframe, driven by high vehicle sales in India and China. This can be credited to the rise in disposable incomes of consumers as well as an increase in the population of middle income groups. Key car manufacturing firms such as Audi, Nissan, Mercedes Benz, BMW, and Volkswagen are also establishing their production bases across the region, which is going to positively impact the business scenario.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/tire-cord-and-tire-fabrics-market

 North America tire cord and tire fabrics market value, worth USD 800 million in 2015, is predicted to witness a high surge over the coming seven years. Escalated consumer demand for SUVs and luxury vehicles is expected to push tire cord and tire fabrics industry revenue in the region. The U.S., which contributes over 65% of the automobile sales in North America, is likely to stimulate the regional demand. The sale of commercial and personal vehicles in the U.S. is projected to cross 12 million and 10 million units by 2024, thereby adding towards business expansion of tire cord and tire fabrics industry.

Steel tire cord and tire fabrics market, worth USD 1 billion in 2015, is projected to observe the notable expansion over the coming seven years. The growth can be credited to a high inclination towards the use of radial tires across regions such as North America along with mushrooming product application in the production of commercial vehicles.

Partial Chapter of the Table of Content:

Global Tire Cord And Tire Fabrics Market By Application

  • Steel Cord
  • Polyester
  • Nylon dipped cord
  • Rayon cord
  • Others

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/850

In 2015, the worldwide tire cord and tire fabrics industry was highly consolidated with only few leading players dominating the market share. Hyosung Corporation, Kolon Industries Incorporation, Firestone Fibers & Textile Company, SRF Limited, Bekaert, Kordsa Global Incorporation, Kordarna A.S., CORDENKA GmbH & Co. KG, Teijin Limited, Tokusen USA Incorporation, and Milliken & Company are the key participants of tire cord and tire fabrics industry.

About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

Read More>>

More News By Ashwin Naphade

UAV Propellers Market Size, Development, Key Opportunity, Application & Forecast to 2025
UAV Propellers Market Size, Development, Key Opportunity, Application & Forecast to 2025
By Ashwin Naphade

The ' UAV Propellers Market' research report added by Market Study Report, LLC, provides a s...

Global Glass Printing Ink Market Growth, Size, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2025
Global Glass Printing Ink Market Growth, Size, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2025
By Ashwin Naphade

A recent report added by Market Study Report, LLC, on ' Glass Printing Ink Market' provides ...

Global Ethanol from Molasses Market Latest Trend, Growth, Size, Application & Forecast 2025
Global Ethanol from Molasses Market Latest Trend, Growth, Size, Application & Forecast 2025
By Ashwin Naphade

A research report on ' Ethanol from Molasses Market' Added by Market Study Report, LLC, feat...