The report "Tire Cord Fabrics Market by Material (Nylon, Polyester, Rayon, Aramid, Polyethylene Napthalate), Tire Type (Radial Tire, Bias Tire), Application (OEM, Replacement), Vehicle Type (Passenger Cars, Commercial Vehicles) - Global Forecast to 2023" The tire cord fabrics market is projected to reach USD 6.4 billion by 2023, at a CAGR of 5.59% from USD 4.9 billion in 2018.

Download PDF Brochure: http://bit.ly/2LJKF6o

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).

Nylon is the largest segment of the tire cord fabrics market.

The nylon segment accounted for the largest share of the tire cord fabrics market, in terms of value, in 2017. The growth of the nylon segment is expected to continue during the forecast period owing to its ability to provide high strength, tenacity, toughness, relatively superior fatigue resistance, and good adhesion to rubber.

The replacement segment is estimated to be the largest application of tire cord fabrics during the forecast period.

The replacement segment is estimated to be the largest application of tire cord fabrics during the forecast period. The replacement segment also accounted for the largest share of the tire cord fabrics market in 2017, in terms of value. The quality of tires degrades as the vehicles ages and so does the original equipment (OE) tire technologies. Hence, replacement tires are a suitable option for better performance and increased durability. In addition to this, replacement tires are cheaper than original equipment (OE) tires.

Browse 100 market data Tables and 46 Figures spread through 129 Pages here - https://www.marketsandmarkets.com/PressReleases/tire-cord-fabrics.asp