Market Size of Tire Cord Fabrics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Tire Cord Fabrics Market Analysis
The tire cord fabrics market is expected to grow at a CAGR of over 5% during the forecast period. Major factor driving the market studied is growing demand of tire cord fabrics from automotive. On the flip side, volatility in raw material price and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- Growing demand of eco-friendly tires from automotive is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Tire cord fabrics from automotive application is expected to dominate the market studied over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
