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Published Date: 2016-03-04Number of Pages: 175

Tire Cord and Tire Fabrics (Steel, Polyester, Nylon Dipped, Rayon and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2013 - 2023

This report provides forecast and analysis of the tire cord and tire fabrics market on the global and regional level. The study provides historic data of 2013 and 2014 along with forecast from 2015 to 2023 based on volume (kilo tons) and revenue (US$ Mn). It includes drivers and restraints for the tire cord and tire fabrics market along with their impact on demand during the forecast period. Additionally, the report comprises the study of opportunities available in the market for tire cord and tire fabrics on the global and regional level. 

In order to provide the users of this report with a comprehensive view of this market, we have included detailed value chain analysis, listing market players for each entity in the value chain. An analysis of Porter’s Five Forces model has also been included to help understand the competitive landscape in the tire cord and tire fabrics market. The study encompasses market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness. A detailed customer list is also included in the report. 

Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends. The price of commonly utilized grades of tire cord and tire fabric materials has been considered, and customized product pricing has not been included. Demand has been derived by analyzing the production of different types of vehicles including personal vehicles, heavy commercial vehicles and light commercial vehicles, off-road vehicles, two-wheelers, and bicycles. Demand for tire cords and tire fabrics has been derived by analyzing the weight ratio of tire cord materials in relation to total tire weight of respective vehicle types according to regional trends. In order to arrive at volume consumption of tire cords and tire fabrics in each vehicle type, an average weight of tire was considered for convenience of calculation. The tire cord and tire fabrics market has been analyzed based on expected demand. The market data for each segment is based on demand volume and corresponding revenue. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers. Forecasts have been based on expected demand for tire cords and tire fabrics in product segments, primarily steel cords, polyester cords, nylon dipped cords, rayon cords, and others. We have adopted the bottom-up approach, considering individual product segments and integrating these to arrive at the global market. Product segments have been further divided using the top-down approach to derive the regional product market consumption. The study covers tire cord and tire fabric manufacturers. Unorganized sectors have not been considered due to unavailability of reliable data. 

Several primary and secondary sources were consulted during the course of the study. Some of the secondary sources, which were consulted, were OICA, ICRA, NPG-6, TireBusiness, P2Infohouse, Global Automotive Report 2013, and company annual reports and publications. 

The report provides detailed competitive outlook including market shares and company profiles of key participants operating in the global market. Key players profiled in the report include Hyosung Corporation, Kordsa Global, SRF Ltd., Kolon Industries, Kordarna Plus A.S., Cordenka GmbH & Co. KG, and Tokusen USA. Company profiles include attributes such as company overview, financial overview, business strategy, and recent developments. 

The market has been segmented as below: 

Tire Cord and Tire Fabrics Market - Product Segment Analysis

  • Steel
  • Polyester
  • Nylon dipped
  • Rayon
  • Others (Including aramid, fiberglass, PEN, etc.) 

Tire Cord and Tire Fabrics Market - Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Turkey
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Pakistan
    • Indonesia
    • Taiwan
    • Vietnam
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Table of Contents

Chapter 1 Preface

  • Report Description
  • Research Scope
  • Assumptions
  • Market Segmentation
  • Research Methodology

Chapter 2 Executive Summary

  • Global Tire Cord and Tire Fabrics Market, 2014 - 2025, (Kilo Tons) (US$ Mn)
  • Tire Cord and Tire Fabrics: Market Snapshot 

Chapter 3 Tire Cord and Tire Fabrics Market– Industry Analysis

  • Introduction
  • Value Chain Analysis
  • Market Drivers
  • Rising global demand for automotive, especially in Asia Pacific, to propel market for tire cord and tire fabrics
  • Revival of U.S. economy infuses fresh demand for tire cords and tire fabrics, especially steel and polyester tire cords
  • Restraints
  • Sharp decline in automotive demand in Europe lowers market attractiveness in the region
  • Overcapacity in Asia Pacific lowers market profitability
  • Opportunity
  • Hybrid tire cord technology offers potential to revolutionize tire cord market
  • Increasing demand for biobased and environmentally-sustainable alternatives to traditional tire cord materials
  • Porter’s Five Forces Analysis
  • Bargaining Power of Suppliers
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Threat of Substitutes
  • Degree of Competition
  • Tire Cord and Tire Fabrics: Market Attractiveness Analysis - By Product Segment
  • Tire Cord and Tire Fabrics: Market Attractiveness Analysis - By Country
  • Tire Cord and Tire Fabrics: Company Market Share Analysis, 2014

Chapter 4 Price Trend Analysis
Chapter 5 Tire Cord and Tire Fabrics Market – Product Analysis

  • Tire Cord and Tire Fabrics Market: Product Segement Overview
  • Global Steel Tire Cord and Tire Fabrics Market (Kilo Tons) (US$ Mn), 2013–2023
  • Global Conditioning Polymers Market for Personal Care Ingredients, 2014–2023 (Kilo Tons) (US$ Mn)
  • Global Polyester Tire Cord and Tire Fabrics Market (Kilo Tons) (US$ Mn), 2013–2023
  • Global Nylon Tire Cord and Tire Fabrics Market (Kilo Tons) (US$ Mn), 2013–2023
  • Global Rayon Tire Cord and Tire Fabrics Market (Kilo Tons) (US$ Mn), 2013–2023
  • Global Others Tire Cord and Tire Fabrics Market (Kilo Tons) (US$ Mn), 2013–2023

Chapter 6 Tire Cord and Tire Fabrics Market - Regional Analysis

  • Global Tire Cord and Tire Fabrics Market: Regional Overview
  • North America Tire Cord and Tire Fabrics Market – By Regional Sub-segment, 2014 - 2023
  • North America Tire Cord and Tire Fabrics Market
  • North America Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • North America Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • U.S. Tire Cord and Tire Fabrics Market
  • U.S. Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • U.S. Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Canada Tire Cord and Tire Fabrics Market
  • Canada Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Canada Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Mexico Tire Cord and Tire Fabrics Market
  • Mexico Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Mexico Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Europe Tire Cord and Tire Fabrics Market – By Regional Sub-segment,  2014–2023
  • Europe Tire Cord and Tire Fabrics Market
  • Europe Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Europe Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Germany Tire Cord and Tire Fabrics Market
  • Germany Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Germany Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Chapter 6U.K. Tire Cord and Tire Fabrics Market
  • U.K. Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • U.K. Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • France Tire Cord and Tire Fabrics Market
  • France Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • France Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Italy Tire Cord and Tire Fabrics Market
  • Italy Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Italy Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Spain Tire Cord and Tire Fabrics Market
  • Spain Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Spain Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Turkey Tire Cord and Tire Fabrics Market
  • Turkey Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Turkey Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Rest of Europe Tire Cord and Tire Fabrics Market
  • Rest of Europe Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Rest of Europe Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Asia Pacific Tire Cord and Tire Fabrics Market – By Regional Sub-segment, 2014–2023
  • Asia Pacific Tire Cord and Tire Fabrics Market
  • Asia Pacific Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023 
  • Asia Pacific Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • China Tire Cord and Tire Fabrics Market
  • China Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • China Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Japan Tire Cord and Tire Fabrics Market
  • Japan Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Japan Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • India Tire Cord and Tire Fabrics Market
  • India Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • India Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023

Chapter 7 Pakistan Tire Cord and Tire Fabrics Market

  • Pakistan Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Pakistan Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Indonesia Tire Cord and Tire Fabrics Market
  • Indonesia Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Indonesia Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Taiwan Tire Cord and Tire Fabrics Market
  • Taiwan Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Taiwan Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Vietnam Tire Cord and Tire Fabrics Market
  • Vietnam Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Vietnam Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Rest of Asia Pacific Tire Cord and Tire Fabrics Market
  • Rest of Asia Pacific Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Rest of Asia Pacific Tire Cord and Tire Fabrics Market, Revenue by Product Segment(US$ Mn), 2013–2023
  • Latin America Tire Cord and Tire Fabrics Market – By Regional Sub-segment,  2014–2023
  • Latin America  Tire Cord and Tire Fabrics Market
  • Latin America Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Latin America Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Brazil Tire Cord and Tire Fabrics Market
  • Brazil Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Brazil Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Argentina Tire Cord and Tire Fabrics Market
  • Argentina Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Argentina Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Rest of Latin America Tire Cord and Tire Fabrics Market
  • Rest of Latin America Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Rest of Latin America Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023

Chapter 8 Middle East & Africa (MEA) Tire Cord and Tire Fabrics Market – By  Regional Sub-segment, 2014–2023

  • Middle East & Africa Tire Cord and Tire Fabrics Market
  • Middle East & Africa Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Middle East & Africa Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • GCC Tire Cord and Tire Fabrics Market
  • GCC Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • GCC Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • South Africa Tire Cord and Tire Fabrics Market
  • South Africa Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • South Africa Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023
  • Rest of Middle East & Africa Tire Cord and Tire Fabrics Market
  • Rest of Middle East & Africa Tire Cord and Tire Fabrics Market, Volume by Product Segment (Kilo Tons), 2013–2023
  • Rest of Middle East & Africa Tire Cord and Tire Fabrics Market, Revenue by Product Segment (US$ Mn), 2013–2023

Chapter 9 Company Profiles

  • Kolon Industries, Inc. 
  • Kordsa Global, Inc. 
  • Hyosung
  • Century Enka Ltd. 
  • SRF Limited
  • Milliken & Company 
  • Firestone Fibers & textile 
  • Cordenka GmbH & Co. KG 
  • KORDÁRNA Plus A.S.
  • TEIJIN LIMITED 
  • Tokusen
  • FORMOSA TAFFETA CO.,LTD 
  • Gajah Tunggal Tbk 

Chapter 10 List of Potential Customers

Chapter 11 Primary Research – Key Findings

 

Automotive tire is one of the most complex engineered products that requires a wide range of raw materials such as natural rubber, artificial rubber, carbon black, cord fabric, and steel. Tire cords are reinforcing materials in the tire that provide it with dimensional stability. Tire cords also act as supports for the vehicle weight. These also help keep tires in shape in different road conditions. Tire cords and tire fabrics play an important role in the performance of a tire, and in turn, of the vehicle. Depending upon usage and load bearing requirements, various types of reinforcement constructions are required for different types of vehicles. For instance, passenger vehicles, heavy commercial vehicles, light commercial vehicles, two wheelers, off-road vehicles, agricultural vehicles, and aircraft have different tire cord and fabric requirements, as these ply on different roads with varying conditions; each of these vehicles has different load-bearing requirement.

The market dynamics of tire cords and tire fabrics are governed by the demand and production of automotive across the world. The market is driven by high demand for personal vehicles and commercial vehicles in Asia Pacific and gradual revival of the U.S. economy. The tire cord and tire fabrics market is characterized by differentiated demand pattern for each of the tire cord and tire fabric materials. Different tire cord materials are employed in different types of tires and geographical regions. Steel cords are preferred in radial tires across the globe. Polyester tire cords find high acceptance in North America and Europe, while nylon dipped tire cords are most popular in heavy vehicles in Asia Pacific.

In terms of product, the tire cord and tire fabrics market has been segmented into steel cords, polyester cords, nylon cords, rayon cords, and other materials including aramid cords, PEN (polyethylene naphthalate) and fiberglass cords. Steel tire cord is the most used type of product owing to its extensive application in the manufacture of radial tires. The usage of radial tires has increased significantly over the past decade; it has replaced most of the bias ply tires. The degree of radialization is high in North America and Europe, wherein radial tires are used in commercial vehicles and personal vehicles. However, the degree of radialization of automotive is much less in Asia Pacific, where radial tires are mostly limited to usage in personal vehicles. High production of heavy vehicles, wherein nylon tire cords are predominantly employed, is driving the market for nylon dipped tire cords in Asia Pacific. Polyester tire cord outperforms nylon usage in North America and Europe.
 
In terms of demand, Asia Pacific accounted for the largest share of the global tire cord and tire fabrics market in 2013. High GDP growth coupled with improvement in the purchasing power has augmented the demand for personal and commercial vehicles in the region. Countries such as China, India, Japan, and Indonesia lead the demand generated from Asia Pacific. Asia Pacific has three of the top five automotive markets in the world. Demand for automotive in the region translates into demand for all ancillary products including tire cord and fabrics. North America was the second-largest consumer of tire cord and tire fabrics in the world, followed by Europe in 2013. The U.S. and Germany are the largest markets for tire cords and tire fabrics in North America and Europe, respectively. Most of the renowned automotive manufacturers are based in Europe; however, demand for their vehicles is mostly generated in other regions, particularly Asia Pacific.

The global tire cords and tire fabrics market is moderately consolidated, with few companies commanding major market share. Major companies dominating the market include Hyosung Corporation, Bekaert, Kordsa Global, Kolon Industries, and SRF Ltd.

 

tire-cord-tire-fabrics-market

 


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