The tire cord fabrics market size is estimated to be USD 4.9 billion in 2018 and is projected to reach USD 6.4 billion by 2023, at a CAGR of 5.59% between 2018 and 2023. Increase in vehicle usage globally is contributing to the growth of the market. The cost-sensitiveness of the automotive industry is the key challenge in the tire cord fabrics market. On the other hand, growing demand for eco-friendly tire cord fabrics has created various opportunities for manufacturers.

The players in the tire cord fabrics market are mainly concentrating on new product launches, acquisitions, and expansions to meet the growing demand for tire cord fabrics from various applications. New product launches help companies strengthen their product portfolio and meet the specific demands of customers.

Download Free PDF Brochure: http://bit.ly/2JsDi1I

Key Market Players
Key market players profiled in the report include Indorama Ventures Company Limited (Thailand), Kolon Industries Inc. (South Korea), Hyosung Corporation (South Korea), SRF Limited (India), Kordsa Teknik Tekstil A.S. (Turkey), Teijin Limited (Japan), and Toray Industries Inc. (Japan).

Indorama Ventures Public Company Limited is one of the leading players in the tire cord fabrics market. The company, through its wide range of product portfolio, is able to cater to specific needs of end customers. The company, through its innovative products & solutions, has been able to serve a wide range of end customers. The company has made a large number of acquisitions, which has enabled it to strengthen its position in the tire cord fabrics market. For instance, the company acquired Kordarna Plus S.A. The acquisition will help the companies broaden their product portfolio and strengthen their position in the market.

Speak to Analyst: http://bit.ly/2H0dszu

The radial tires segment is expected to be the largest tire type during the forecast period.

On the basis of tire type, the tire cord fabrics market has been segmented into radial and bias. The radial segment accounted for the largest market share in 2017. The dominance of the segment is owing to the increasing production of passenger cars.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]