Global Polyester Tire Cord Fabrics Market 2022-2026

Global Polyester Tire Cord Fabrics Market 2022-2026

Technavio has been monitoring the polyester tire cord fabrics market and it is poised to grow by $ 250.29 million during 2022-2026, accelerating at a CAGR of 4.75% during the forecast period. Our report on the polyester tire cord fabrics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing production of automobiles, growing demand for eco-friendly tire cord fabrics, and growing automotive sales in the emerging economies.

The polyester tire cord fabrics market analysis includes the application segment and geographic landscape.

Technavio's polyester tire cord fabrics market is segmented as below:

By Application

• Replacement
• OEM

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the growing penetration of EVs as one of the prime reasons driving the polyester tire cord fabrics market growth during the next few years. Also, the rising demand for durable fuel-efficient tires and the growing demand for tire cord fabrics from automotive will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on polyester tire cord fabrics market covers the following areas:

• Polyester tire cord fabrics market sizing
• Polyester tire cord fabrics market forecast
• Polyester tire cord fabrics market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polyester tire cord fabrics market vendors that include COLMANT COATED FABRICS, Firestone Fibers and Textiles Company LLC, Formosa Taffeta Co. Ltd., HANOI INDUSTRIAL TEXTILE JSC, Hyosung Advanced Materials, Indorama Ventures Public Co. Ltd., Junma Tyre Cord Co. Ltd., Kian Cord Co., Kolon Industries Inc., Kordsa Teknik Tekstil AS, Madura Industrial Textiles Ltd., Oriental Industries (Suzhou) Ltd., Shenma Industrial Co.Ltd. , Sohrab Group, SRF Ltd., Star Polymers Inc., Teijin Ltd., Toray Industries Inc., Zhejiang Hilead New Materials Co.Ltd., and BIKAWA Enterprise Sdn Bhd. Also, the polyester tire cord fabrics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.