Examining Eco-Friendly Practices in the Tire Cord Market

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Tire Cord Market by Material Type , Tire Type and Application : Global Opportunity Analysis and Industry Forecast, 2021–2030

NEW CASTLE, DELAWARE, UNITED STATES, January 12, 2024 /EINPresswire.com/ — Tire cords can be called the structure of tires. They are utilized as tire reinforcing materials, designed to retain tires in shape and size and enhances durability. Cotton was once utilized for this purpose, though currently, steel, nylon, rayon, and polyester are the primary materials used to make tire cords. These steel cords are a combination of several thin wires that assists tires absorb shock while also improving comfortability for passengers. If the steel cord is made of high-quality steel, the tire can endure high stress and can be more durable, enhancing driving stability and safety. Tire cords are an important component of the tire therefore the tire cord market is anticipated to grow alongside the tire market during the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – https://www.alliedmarketresearch.com/request-toc-and-sample/14291

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
The COVID-19 outbreak has affected the growth rate of the tire cord market. The number of manufacturing and production units was shut during the lockdown in most of the countries. Government regulations on movement from one place to another were strict during the COVID-19 period which ceased the growth of the global automotive industry. The tire cord market growth however in the pandemic period was stagnantly moving. The overall automotive market is anticipated to recover gradually in upcoming years after the implementation of various economic packages by the governments globally to boost economic growth. The disoriented market size is anticipated to resonate during the forecast period.

𝐓𝐨𝐩 𝐢𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫𝐬
Growth in the automotive industry drives the demand for tire and tire components such as cords during the forecast period.
Rise in fuel price is resulting in increased in usage of public transport and reduction in the purchase of personal passenger vehicle hinder the tire cord market.
Rise in trend of electric vehicles, luxury & premium cars, and self-driving cars in the automotive industry act as an opportunity for the tire cord market during the forecast period.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 – https://www.alliedmarketresearch.com/tire-cord-market/purchase-options

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬
𝐔𝐬𝐚𝐠𝐞 𝐨𝐟 𝐒𝐭𝐞𝐞𝐥 𝐂𝐨𝐫𝐝𝐬
The global cords market is growing at an exponential growth owing to increased demand from the automotive industry and rising safety concerns. Original equipment manufacturers strive to provide their customers with a safe driving experience. The use of steel in the tire cord market has increased substantially in the last few years. Durability and quality offered by steel tire cords are two of factors boosting the use of steel in the tire cord industry. The growth of the steel cords market is proportional to the growth of the global tire industry. Furthermore, the need for the for better-performing vehicles and tires drives the manufacturers and aftermarket customers to purchase steel cord-based tires. The steel tire cord market is growing at a considerable pace for the past few years in terms of revenue as well as volume due to the rise in demand for OEM as well as replacement tires. These factors have a significant impact on the global steel cords market. The advancements in technology and development in tire innovation results in growth of global steel cords market. This would enhance the tire performance, minimizing rolling friction and ensure a strong grip on the ground. Upcoming technologies such as nitrogen tires, eco tires, and flat run tires will further drive the global steel cords market demand.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
• This study presents the analytical depiction of the tire cord industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of tire cord market.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the tire cord market.
• The report provides a detailed tire cord market analysis based on competitive intensity and the competition that will take shape in coming years.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/14291

𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐓𝐢𝐫𝐞 𝐂𝐨𝐫𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:
• Who are the leading market players active in the tire cord market?
• What would be the detailed impact of COVID-19 on the market?
• What are the current trends that would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the tire cord market?
• What are the future projections that would help in taking further strategic steps?

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
• Teijin Limited
• SRF Limited
• Indorama Ventures Company Limited
• Toray Industries Inc
• Hyosung Corporatio
• Kolon Industries Inc
• Kordsa Teknik Tekstil A.S.

David Correa
Allied Market Research
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