Global Tire Cord Market Research Report 2022-2027
DUBLIN, March 7, 2022 /PRNewswire/ — The “Tire Twine – International Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.
International Tire Twine Market to Attain $7.1 Billion by 2027
The worldwide marketplace for Tire Twine estimated at US$5.2 Billion within the yr 2020, is projected to achieve a revised dimension of US$7.1 Billion by 2027, rising at a CAGR of 4.5% over the evaluation interval 2020-2027.
Metal Tire Twine & Tire Materials, one of many segments analyzed within the report, is projected to document a 4.2% CAGR and attain US$3.9 Billion by the top of the evaluation interval. After an early evaluation of the enterprise implications of the pandemic and its induced financial disaster, progress within the Polyester Tire Twine & Tire Materials section is readjusted to a revised 4.5% CAGR for the following 7-year interval.
The U.S. Market is Estimated at $910.3 Million, Whereas China is Forecast to Develop at 6.1% CAGR
The Tire Twine market within the U.S. is estimated at US$910.3 Million within the yr 2020. China, the world`s second largest economic system, is forecast to achieve a projected market dimension of US$1.5 Billion by the yr 2027 trailing a CAGR of 6.1% over the evaluation interval 2020 to 2027.
mong the opposite noteworthy geographic markets are Japan and Canada, every forecast to develop at 3% and a pair of.7% respectively over the 2020-2027 interval. Inside Europe, Germany is forecast to develop at roughly 3.3% CAGR.
Nylon Tire Twine & Tire Materials Section to Document 5.4% CAGR
Within the international Nylon Tire Twine & Tire Materials section, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this section.
These regional markets accounting for a mixed market dimension of US$664.2 Million within the yr 2020 will attain a projected dimension of US$928.4 Million by the shut of the evaluation interval.
China will stay among the many quickest rising on this cluster of regional markets. Led by international locations corresponding to Australia, India, and South Korea, the market in Asia-Pacific is forecast to achieve US$1.2 Billion by the yr 2027.
Key Matters Coated:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- An Introduction to Automobile Tire
- Tire Composition: Share Breakdown of Elements by Weight for Passenger Automobile and Truck Tires
- Tire Twine: Key Reinforcement Materials for Automobile Tires
- Vibrant Prospects Forward for World Tire Twine Market
- Quick Paced Development Projected for Tire Twine Market in China and Different Creating Areas
- Alternatives Stay Rife in Developed Areas
- Tire Twine: A Consolidated Market
- Sturdy Relationships with Tire Makers: Key to Market Success
- Revolutionary Advertising Methods Take Middle Stage
- Declining Captive Capability Bodes Effectively for Tire Twine Producers
- Aggressive Market Presence – Sturdy/Lively/Area of interest/Trivial for Gamers Worldwide in 2022
- Affect of Covid-19 and a Looming International Recession
2. FOCUS ON SELECT PLAYERS (Complete 50 Featured)
- Century Enka Restricted
- CORDENKA GmbH & Co. KG
- Formosa Taffeta Co., Ltd.
- Hyosung Group
- Indorama Ventures Public Firm Restricted
- Kolon Industries, Inc.
- Kordarna Plus, a.s.
- Kordsa Teknik Tekstil A.S.
- NV Bekaert SA
- SRF Restricted
- Teijin Restricted
3. MARKET TRENDS & DRIVERS
- Northbound Trajectory in World Tire Trade Creates Fertile Atmosphere for Development of Tire Twine Market
- Dynamics in Automotive Trade Inflate Demand for OEM Tires
- International Penetration of SUVs (In %) by Nation for the 12 months 2019
- Electrical Automobiles Emerge as New Taste in World Automotive Trade
- Sustained Growth in Substitute Tire Section
- Tire Trade CAPEX Applications Point out Excessive Development Alternatives
- Hovering Demand for Radial Tire: A Main Driver
- Tire Radialization as a Share of Complete Tire Inhabitants by Choose Nation/Area
- Rising Demand for Metal Tire Twine Drives General Development in Tire Twine Market
- HMLS Yarns Widen Position of Polyester in Tire Twine Ecosystem
- Rising Adoption of Nylon Tire Twine
- Expertise Developments and Product Improvements Maintain Market Momentum
- R&D Efforts Convey Ahead the New ‘Inexperienced’ Tire Twine
- Novel Tire Cords Enhance Rolling Resistance and Gasoline Effectivity
- Nanotechnology Augments Tire R&D
- Unstable Uncooked Materials Prices: A Main Difficulty
- Breakdown of Prices Concerned in Metal Tire Twine Making
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For extra details about this report go to https://www.researchandmarkets.com/r/q4jpb7
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