Tire Cord Market | Discover Top Segments, Trends, Drivers and Challenges
Market Forecast and Growth Projections 2022-2026

Global tire cord market will post an incremental growth of $ 1.92 bn and progressing at a CAGR of  5.08% during the forecast period. Our research report segments the market into major segments and the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Tire Cord Market: Leading Segments and Growth Analysis

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• Market is segmented Material (steel and textile) and Geography (APAC, Europe, North America, South America, and MEA).
• 67% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Tire Cord Market size.

Tire Cord Market: Top Trends, Drivers, Challenges to drive Market Recovery

Our report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.

• A key market driver for the Tire Cord Market will be rising number of automobile buyers.
• Performance advantages of tire cord is another factor that will be instrumental in driving market growth during the forecast period.
• One of the key challenges that market players need to contend with in order to achieve further success is the Volatility of raw material prices.

Tire Cord Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• Asahi Kasei Corp., Century Enka Ltd., COLMANT COATED FABRICS, Hyosung Corp., Indorama Ventures Public Co. Ltd., Kolon Industries Inc., Kordsa Teknik Tekstil AS, SRF Ltd., Teijin Ltd., and Toray Hybrid Cord Inc. are some of the major market participants.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of 5.08%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 1.92 bn through 2022-2026.
    
3. What is a key factor driving this market?
   Rising number of automobile buyers will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   67% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Asahi Kasei Corp., Century Enka Ltd., COLMANT COATED FABRICS, Hyosung Corp., Indorama Ventures Public Co. Ltd., Kolon Industries Inc., Kordsa Teknik Tekstil AS, SRF Ltd., Teijin Ltd., and Toray Hybrid Cord Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Material (steel and textile) and Geography (APAC, Europe, North America, South America, and MEA)