"Executive Summary Tire Cord Market :

Data Bridge Market Research analyses that the tire cord market was valued at USD 7.76 billion in 2021 and is expected to reach the value of USD 13.53 billion by 2029, at a CAGR of 7.20% during the forecast period of 2022 to 2029.

Tire Cord Market report is a comprehensive background analysis of the  industry, which includes an assessment of the parental market. With the global market data provided in the report, it has become easy to achieve global perspective for the international business. This market report also contains market drivers and market restraints for  industry that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market are by systemic company profiles.

For producing this Tire Cord Market report, data has been sourced from in-house databases, secondary and primary research performed by a team of industry experts. In this business report, complete and crystal clear outline of the market is penned down which is useful for many businesses. This market report can be explored in terms of breakdown of data by manufacturers, region, type and application, market status, market share, growth rate, future trends, market drivers, opportunities and challenges, emerging trends, risks and entry barriers, sales channels, and distributors. With this Tire Cord Market report not only an unskilled individual but also a professional can easily extrapolate an entire market within a few seconds.

Discover the latest trends, growth opportunities, and strategic insights in our comprehensive Tire Cord Market report. Download Full Report: https://www.databridgemarketresearch.com/reports/global-tire-cord-market

Tire Cord Market Overview

**Segments**

- By Product Type: Nylon Tire Cord, Polyester Tire Cord, Rayon Tire Cord, Aramid Tire Cord, Others
- By Application: Bias Tire, Radial Tire
- By Vehicle Type: Passenger Cars, Commercial Vehicles, Two-Wheelers, Off-Road Vehicles

The global tire cord market can be segmented based on product type, application, and vehicle type. In terms of product type, the market is categorized into nylon tire cord, polyester tire cord, rayon tire cord, aramid tire cord, and others. Nylon tire cord is widely used due to its high strength and excellent fatigue resistance. Polyester tire cord, on the other hand, offers good adhesion properties. Rayon tire cord is known for its high elongation at break, making it suitable for various tire applications. Aramid tire cord is gaining popularity for its exceptional heat resistance and high strength-to-weight ratio. In terms of application, the market is segmented into bias tire and radial tire. Bias tires are traditional and cost-effective, while radial tires offer better fuel efficiency and performance. Lastly, based on vehicle type, the market is segmented into passenger cars, commercial vehicles, two-wheelers, and off-road vehicles.

**Market Players**

- Hyosung Corporation
- Kordsa
- Kolon Industries, Inc.
- SRF Limited
- Cordenka GmbH & Co. KG
- Teijin Limited
- Toray Industries, Inc.
- Firestone Fibers & Textiles Company
- Kordarna Plus A.S.
- Junma Tyre Cord Company

Key players in the global tire cord market include Hyosung Corporation, Kordsa, Kolon Industries, Inc., SRF Limited, Cordenka GmbH & Co. KG, Teijin Limited, Toray Industries, Inc., Firestone Fibers & Textiles Company, Kordarna Plus A.S., and Junma Tyre Cord Company. These companies are focusing on product innovation, expansion of production capabilities, and strategic collaborations to gain a competitive edge in the market. The increasing demand for high-performance tires in the automotive industry is driving the growth of the tire cord market. Manufacturers are investing in research and development activities to enhance the quality and durability of tire cords, thereby meeting the stringent regulatory requirements and customer expectations.

The global tire cord market is witnessing significant growth driven by various factors such as increasing automotive production, rising demand for high-performance tires, and advancements in tire cord technology. One key trend shaping the market is the shift towards lightweight and durable materials in tire manufacturing, leading to the adoption of aramid tire cords known for their exceptional heat resistance and strength-to-weight ratio. This trend is particularly evident in the commercial vehicles segment where durability and performance are crucial factors influencing purchasing decisions. The focus on product innovation by market players is also contributing to market expansion, with companies investing in research and development to introduce new tire cord materials that meet the evolving needs of the automotive industry.

Moreover, the market is witnessing a gradual transition from bias tires to radial tires, a shift driven by the advantages offered by radial tires such as improved fuel efficiency and better overall performance. This transition is further supported by the growing demand for passenger cars and two-wheelers worldwide, where radial tires are increasingly preferred for their enhanced traction and stability on diverse road surfaces. Additionally, the rising popularity of off-road vehicles for recreational and commercial purposes is opening up new opportunities for tire cord manufacturers to develop specialized products that can withstand rugged terrains and extreme conditions.

In terms of market competition, key players such as Hyosung Corporation, Kordsa, and Teijin Limited are focusing on strategic collaborations and expanding their production capacities to meet the escalating demand for tire cords globally. These companies are also emphasizing sustainability and environmental responsibility in their manufacturing processes to align with stringent regulatory requirements and consumer preferences for eco-friendly products. As the automotive industry continues to evolve with the emergence of electric vehicles and autonomous driving technologies, the tire cord market is expected to witness further innovation in materials and manufacturing techniques to cater to the evolving needs of modern vehicles.

Overall, the global tire cord market is poised for steady growth driven by technological advancements, changing consumer preferences, and the growing emphasis on performance and durability in tire manufacturing. With increasing investments in research and development, strategic partnerships, and product diversification, market players are well-positioned to capitalize on emerging opportunities and maintain their competitive edge in the dynamic automotive industry landscape.The global tire cord market is experiencing a significant transformation driven by the continuous evolution of the automotive industry. With the rising demand for high-performance tires across various vehicle segments, market players are focusing on enhancing product quality, durability, and innovation. One of the notable trends influencing the market is the increasing adoption of lightweight and durable materials in tire manufacturing, leading to the popularity of aramid tire cords known for their exceptional heat resistance and strength-to-weight ratio. This shift towards advanced materials aligns with the automotive industry's emphasis on fuel efficiency, performance, and sustainability.

Furthermore, the gradual transition from bias tires to radial tires is reshaping the tire cord market landscape. Radial tires are gaining traction due to their enhanced fuel efficiency and overall performance benefits, particularly in passenger cars and two-wheelers. The preference for radial tires is driven by their improved traction and stability on diverse road surfaces, reflecting changing consumer demands and technological advancements in tire design. Additionally, the increasing popularity of off-road vehicles presents new opportunities for tire cord manufacturers to develop specialized products capable of withstanding rugged terrains and extreme conditions, catering to the expanding recreational and commercial off-road vehicle segments.

In terms of market competition, key players such as Hyosung Corporation, Kordsa, and Teijin Limited are strategically positioning themselves through collaborations and capacity expansions to meet the growing global demand for tire cords. Moreover, these market leaders are placing a strong emphasis on sustainability and environmental responsibility in their manufacturing processes to adhere to stringent regulatory standards and address consumer preferences for eco-friendly products. As the automotive industry continues to embrace electric vehicles and autonomous driving technologies, the tire cord market is expected to witness further innovation in materials and manufacturing techniques to meet the evolving requirements of modern vehicles, ensuring safety, performance, and durability in tire applications.

Overall, the tire cord market is set for steady growth, underpinned by technological advancements, changing consumer preferences, and the industry's increasing focus on performance and sustainability. With ongoing investments in research and development, strategic partnerships, and product diversification, market players are well-positioned to capitalize on emerging opportunities and maintain their competitive edge in the dynamic automotive landscape.

The Tire Cord Market is highly fragmented, featuring intense competition among both global and regional players striving for market share. To explore how global trends are shaping the future of the top 10 companies in the keyword market.

Learn More Now: https://www.databridgemarketresearch.com/reports/global-tire-cord-market/companies

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Key Questions Answered in This Report: –

• How has this Tire Cord Marketperformed so far and how will it perform in the coming years?
• Which are the key product types available in this Tire Cord Market?
• Which are the major application areas in theTire Cord Market?
• What are the key distribution channels in the global Tire Cord Market?
• What are the key regions in this Tire Cord Market?
• What are the price trends?
• What are the various stages in the value chain of this industry?
• What are the key driving factors and challenges in the market?

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