Reinforced Green Tire Cord Fabric Market By Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

According To TechSci Research, Global reinforced green tire cord fabric market was valued at USD125 Million in the year 2021, that is expected to further grow with a double digit CAGR of 12% during the forecast period, 2023-2027, due to rising demands for the passenger cars. Upsurge in the demand for green products, and growing concerns toward depleting environment further fuels the growth of the global reinforced green tire cord fabric market in the upcoming five years. Necessary steps taken by the governments and the authorities to ensure expanding on the uses of renewable sources of energy, lowering the energy consumption, enhancing the products for higher energy efficiency, coupled with production of green energy and thus green product that reduce growing toxins in the environment also aids the growth of the global reinforced green ire cord fabric market in the next five years.

Tire cords fabric reinforcement are used to maintain the shape of a tire. They are made primarily of polyester, nylon, aramid and rayon. These structures provide higher rigidity to the tires thus giving the vehicles better handling and stability. Reinforced green tire cord fabrics are made of recycled material like recycle PET, recycle nylon 66, recycle aramid, etc. Use of such material is with the purpose to reduce the consumption of plastics and polymers that may harm the environment and thus using recycled products decreasing the pollutants and thus aiding to the concept of green environment.


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Surging Passenger Cars Demand Drive Market Growth

Growing demand for the passenger cars and commercial vehicles in the developing economies are actively driving the growth of the global reinforced green tire cord fabric market in the upcoming five years. Increasing population of the world and rising disposable income has inclined the population to spend lavishly over automotives. Ownership to personal vehicle and growing demands for the premium vehicles further aid the growth of the global reinforced green tire cord fabric market in the future five years. Growing demands for the electric vehicles like electric passenger cars also substantiate the growth of the global reinforced green tire cord fabric market in the forecast years through 2027.

In the year 2021, 72,924.35 thousand units of passenger cars were sold worldwide. Along with the sales of the new cars, refurbished cars are also driving the growth of the global reinforced green tire cord fabric market. The consumers buying the second hand premium vehicles and spending lavishly over the exclusive cars and vehicles and their replacement parts wherein opting for green products and choosing reinforced green tire cord fabrics for the vehicle further supports the growth of the global reinforced green tire cord fabric market in the next five years.


Market Segmentation

The global reinforced green tire cord fabric market segmentation is based on material type, application, distribution channel, regional distribution, and competitive landscape. Based on material type, the market is further segmented into recycle PET, recycle nylon 66, recycle aramid, and others. By application, the market is fragmented into passenger car, light commercial vehicle, medium & heavy commercial vehicle, two wheeler, three wheeler, and others. Based on distribution channel, the market is differentiated between direct and indirect channels. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.

Company Profile

Kordsa Teknik Tekstil AS, Indorama Ventures Ltd., SRF Ltd., Century Enka Ltd., Hyosung Industries Co. Limited, Hengli Group, Shinkong Synthetic Fibers Corporation, Kolon Industries Inc., Toray Industries Inc, Teijin Ltd., are enlisted in a partial list of major market players of the global reinforced green tire cord fabric market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Material Type

·         Application

·         Distribution Channel

Regional scope

North America; Europe & CIS; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, Australia, South Korea, Vietnam, Indonesia, Germany, France, United Kingdom, Italy, Russia, Brazil, Argentina, Colombia, Chile, South Africa, UAE, Saudi Arabia, Turkey.

Key companies profiled

Kordsa Teknik Tekstil AS, Indorama Ventures Ltd., SRF Ltd., Century Enka Ltd., Hyosung Industries Co. Limited, Hengli Group, Shinkong Synthetic Fibers Corporation, Kolon Industries Inc., Toray Industries Inc, Teijin Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global reinforced green tire cord fabric market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Reinforced Green Tire Cord Fabric Market, By Material Type:
    • Recycle PET
    • Recycle Nylon 66
    • Recycle Aramid
    • Others
  • Reinforced Green Tire Cord Fabric Market, By Application:
    • Passenger Car
    • Light Commercial Vehicle
    • Medium & Heavy Commercial Vehicle
    • Two Wheeler
    • Three Wheeler
    • Others
  • Reinforced Green Tire Cord Fabric Market, By Distribution Channel:
    • Direct
    • Indirect
  • Reinforced Green Tire Cord Fabric Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Indonesia
      • Vietnam
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Italy
      • Russia
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Chile
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global reinforced green tire cord fabric market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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