"Tire Cord Market – Industry Trends and Forecast to 2029

Global Tire Cord Market By Material (Steel Cord, Polyester, Nylon, Rayon, Aramid, Others), Tire Type (Radial Tire, Biased Tire), Application (Aerospace, Passenger Cars, Light Commercial Vehicles, Heavy Duty Vehicles, Two Wheelers, Tractors, Others) – Industry Trends and Forecast to 2029

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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.

**Segments**

- **Material**: The tire cord market can be segmented based on materials such as steel, polyester, nylon, rayon, aramid, and others. Steel cords are known for their strength, heat resistance, and durability, making them ideal for heavy-duty tires. Polyester cords offer excellent resistance to abrasion and aging, making them suitable for a wide range of vehicle types. Nylon cords provide high tensile strength and impact resistance, making them a popular choice for various tire applications. Rayon and aramid cords are valued for their lightweight properties and offer a good balance of strength and flexibility.

- **Tire Type**: Another critical segment is the type of tire for which the cord is designed. This can include segments like radial tires, bias tires, and others. Radial tires use steel belts for reinforcement and are known for their excellent grip, fuel efficiency, and stability. Bias tires, on the other hand, utilize bias-ply construction and may use materials like nylon or polyester for cord reinforcement.

- **Application**: The tire cord market can also be segmented based on its application in various industries such as automotive, aerospace, construction, and others. In the automotive sector, tire cords are crucial components for manufacturing tires that meet performance and safety standards. Aerospace applications require specialized tire cords that can withstand extreme conditions and high speeds. The construction industry uses tire cords for heavy machinery tires and off-road vehicles.

**Market Players**

- **Hyosung Corporation**: A prominent player in the tire cord market, Hyosung Corporation offers a wide range of tire cord solutions catering to different industry needs. The company's innovative products and strong global presence make it a key player in the market.

- **Kordsa Global**: Kordsa Global is another leading player known for its advanced technology and high-quality tire cord products. The company focuses on research and development to continually improve its offerings and stay competitive in the market.

- **SRF Limited**: SRF Limited is a diversified manufacturingSRF Limited is a significant player in the tire cord market, offering a diverse range of products catering to various applications and industries. The company's strong emphasis on research and development has enabled it to introduce innovative solutions that meet the evolving needs of customers in the tire manufacturing sector. With a focus on sustainability and product performance, SRF Limited has positioned itself as a reliable partner for manufacturers looking for high-quality tire cord materials. The company's commitment to excellence and customer satisfaction has helped it establish a strong foothold in the market and maintain a competitive edge against other key players.

In terms of market trends, the tire cord industry is witnessing a growing demand for lightweight and high-strength materials to enhance tire performance and fuel efficiency. Manufacturers are increasingly investing in research and development to create innovative cord materials that offer superior durability and resistance to wear and tear. With the automotive industry experiencing a shift towards electric vehicles and smart mobility solutions, there is a greater focus on developing tires that are more sustainable and energy-efficient. This trend is driving the adoption of advanced tire cord materials that can meet the stringent requirements of modern vehicle technologies.

Global market dynamics, such as changing consumer preferences, regulatory standards, and technological advancements, are also influencing the tire cord market landscape. Manufacturers are exploring new materials and production techniques to optimize tire cord performance and durability while reducing environmental impact. The competitive landscape of the market is characterized by intense rivalry among key players striving to differentiate their products through technological advancements and superior product quality. Strategic partnerships, acquisitions, and expansion into emerging markets are some of the strategies being employed by market players to strengthen their presence and gain a competitive advantage.

As the tire industry continues to evolve, driven by technological advancements and sustainability goals, the demand for high-performance tire cord materials is expected to grow significantly. Market players like SRF Limited are well-positioned to capitalize on these opportunities by leveraging their expertise in research and development and their robust product portfolio. By offering innovative and sustainable solutions that cater to the diverse needs of customers across different industries**Global Tire Cord Market By Material (Steel Cord, Polyester, Nylon, Rayon, Aramid, Others), Tire Type (Radial Tire, Biased Tire), Application (Aerospace, Passenger Cars, Light Commercial Vehicles, Heavy Duty Vehicles, Two Wheelers, Tractors, Others) – Industry Trends and Forecast to 2029**

**Market Analysis:**

The tire cord industry is a crucial segment of the global automotive market, with the demand for lightweight and high-strength materials driving market growth. The use of materials such as steel, polyester, nylon, rayon, and aramid in tire production has led to enhanced tire performance, durability, and fuel efficiency. Manufacturers are increasingly focusing on research and development to introduce innovative cord materials that meet the evolving needs of the industry.

**Segments:**

The tire cord market can be segmented based on materials, tire type, and application. Materials such as steel, polyester, nylon, rayon, and aramid offer specific properties suited for various tire applications. The type of tire, whether radial or bias, determines the construction and reinforcement materials used. Additionally, tire cords find applications across industries like automotive, aerospace, and construction, where they play a critical role in ensuring performance and safety standards.

**Market Players:**

Key players in the tire cord market include Hyosung Corporation, Kordsa Global, and SRF Limited, each offering a diverse range of tire cord solutions. These companies focus on innovation, advanced technology

 

Key Coverage in the Tire Cord Market Report:

• Detailed analysis of Global Tire Cord Market by a thorough assessment of the technology, product type, application, and other key segments of the report
• Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
• Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
• Comprehensive analysis of the regions of the Tire Cord industry and their futuristic growth outlook
• Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Tire Cord Market Landscape

Part 04: Global Tire Cord Market Sizing

Part 05: Global Tire Cord Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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