Report Code: A13922 | Pages: NA | ||
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Tire cords can be called the structure of tires. They are utilized as tire reinforcing materials, designed to retain tires in shape and size and enhances durability. Cotton was once utilized for this purpose, though currently, steel, nylon, rayon, and polyester are the primary materials used to make tire cords. These steel cords are a combination of several thin wires that assists tires absorb shock while also improving comfortability for passengers. If the steel cord is made of high-quality steel, the tire can endure high stress and can be more durable, enhancing driving stability and safety. Tire cords are an important component of the tire therefore the tire cord market is anticipated to grow alongside the tire market during the forecast period.
COVID-19 Impact Analysis
Top Impacting Factors
Growth in the automotive industry drives the demand for tire and tire components such as cords during the forecast period.
Rise in fuel price is resulting in increased in usage of public transport and reduction in the purchase of personal passenger vehicle hinder the tire cord market.
Rise in trend of electric vehicles, luxury & premium cars, and self-driving cars in the automotive industry act as an opportunity for the tire cord market during the forecast period.
Market Trends
Usage of Steel Cords
Key Benefits of the Report:
Questions Answered in the Tire Cord Market Research Report:
Tire Cord Market Report Highlights
Aspects | Details |
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By Material Type |
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By Tire Type |
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By Application |
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By Region |
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Key Market Players | Kordsa Teknik Tekstil A.S.,, Kolon Industries Inc.,, Indorama Ventures Company Limited,, Toray Industries Inc.,, SRF Limited, Hyosung Corporation, Teijin Limited, |
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