Market Research Reports

Tire Cord and Tire Fabrics Market (Steel, Polyester, Nylon, Rayon and Other Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

80pages
Published Date: 2014-07-24
 

Description


This report covers forecast and analysis for the tire cord and tire fabrics market on a global and regional level. The study provides historic data of 2013 along with forecast from 2014 to 2020 based on both volumes (kilo tons) and revenue (USD million). The study 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 includes 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 a 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.

Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The price for commonly utilized grades of tire cord and tire fabric materials has been considered, and customized product pricing has not been included due to lack of reliable data. The demand has been derived by analyzing the production of different vehicle types 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 such as personal vehicles, commercial vehicles, bus and coaches, off-road vehicles, two-wheelers, and bicycles 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 average considered weight for radial and non-radial tires are different for different geographies according to regional trends. The tire cord and tire fabrics market has been analyzed based on expected demand. The market data for each segment is based on demand volumes and corresponding revenues. 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 from product segments, primarily steel cords, polyester cords, nylon dipped cords, rayon cords, and others. We have used the bottom-up approach to arrive at the global market, considering individual product segments and integrating these to arrive at the global market. Product segments have been further bifurcated 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. Inflation has not been considered to estimate the forecast for the tire cord and tire fabrics market.

Several primary and secondary sources were consulted during the course of the study. Some of the secondary sources, which were consulted, were Source One, Activa, Hoovers, OICA, ICRA, NPG-6, Tirebusiness, P2Infohouse, Global Automotive Report 2013 and company annual reports and publications among many others.

The report covers a 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, SWOT analysis and recent developments. The market has been segmented as below:

Tire Cord and Tire Fabrics Market - Product Segment Analysis
  • Steel 
  • Polyester 
  • Nylon 
  • Rayon 
  • Others (Including aramid, fiberglass, PEN, etc.)
The report provides a cross-sectional analysis of the above applications segments with respect to the following regions:

Tire Cord and Tire Fabrics Market - Regional Analysis
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World 

Table of Contents


Chapter 1 Preface
1.1 Research description
1.2 Market segmentation
      1.2.1 Global tire cord and tire fabric market segmentation by product segment and region
1.3 Research scope
      1.3.1 Assumptions
1.4 Research methodology
      1.4.1 Abbreviations

Chapter 2 Executive Summary
2.1 Global tire cord and tire fabrics market, 2013 – 2020 (Kilo Tons) (USD Million)

Chapter 3 Tire Cord and Tire Fabrics Market - Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Growing global automotive demand, especially from Asia Pacific to propel market for tire cord and tire fabrics
               3.3.1.1 Global vehicle production statistics, 2011 - 2013
               3.3.1.2 Production comparison of leading automotive manufacturers (2011 & 2012)
      3.3.2 Revival of U.S. economy infuses fresh demand for tire cords and tire fabrics, especially steel and polyester tire cords
               3.3.2.1 Personal vehicle and commercial vehicle sales in the U.S. (2006-2020)
3.4 Market restraints
      3.4.1 Sharp decline in automotive demand in Europe reduces the market attractiveness in the region
               3.4.1.1 Personal vehicle sales in Europe, 2005 - 2013
               3.4.1.2 Commercial vehicle sales in Europe, 2005 - 2013
      3.4.2 Overcapacity in Asia Pacific reduces market profitability
3.5 Opportunities
      3.5.1 Hybrid tire cord technology has the potential to revolutionize the tire cord market
      3.5.2 Increasing demand for bio-based and environmentally-sustainable alternatives to traditional tire cord materials
3.6 Porter’s Five Forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Tire cord and tire fabrics: Market attractiveness analysis
      3.7.1 Global tire cord and tire fabrics market: Market attractiveness analysis
3.8 Tire cord and tire fabrics: Company market share analysis
      3.8.1 Global tire cord and tire fabrics market: Company market share analysis, 2013

Chapter 4 Tire Cord and Tire Fabrics Market – Product Segment Analysis
4.1 Global tire cord and tire fabrics market: Product segment overview
      4.1.1 Global tire cord and tire fabrics market share, by product segment, 2013 & 2020
4.2 Steel
      4.2.1 .Global demand for steel tire cords and tire fabrics, 2013 - 2020 (Kilo Tons) (USD Million)
4.3 Polyester
      4.3.1 Global demand for polyester tire cord and tire fabrics, 2013 - 2020 (Kilo Tons) (USD Million)
4.4 Nylon
      4.4.1 Global demand for nylon tire cord and tire fabrics, 2013 - 2020 (Kilo Tons) (USD Million)
4.5 Rayon
      4.5.1 Global demand for rayon tire cord and tire fabrics, 2013 - 2020 (Kilo Tons) (USD Million)
4.6 Others
      4.6.1 Global demand for other tire cord and tire fabrics, 2013 - 2020 (Kilo Tons) (USD Million)

Chapter 5 Tire Cord and Tire Fabrics Market - Regional Analysis
5.1 Global tire cord and tire fabrics market: Regional overview
      5.1.1 Global tire cord and tire fabrics market share, by region, 2013 & 2020
5.2 North America
      5.2.1 North America tire cord and tire fabrics market volumes, by product segment, 2013 - 2020 (Kilo Tons)
      5.2.2 North America tire cord and tire fabrics market revenue, by product segment, 2013 - 2020 (USD Million)
5.3 Europe
      5.3.1 Europe tire cord and tire fabrics market volumes, by product segment, 2013 - 2020 (Kilo Tons)
      5.3.2 Europe tire cord and tire fabrics market revenue, by product segment, 2013 - 2020 (USD Million)
5.4 Asia Pacific
      5.4.1 Asia Pacific tire cord and tire fabrics market volume, by product segment, 2013 - 2020 (Kilo Tons)
      5.4.2 Asia Pacific tire cord and tire fabrics market revenue, by product segment, 2013 - 2020 (USD Million)
5.5 Rest of the World (RoW)
      5.5.1 RoW tire cord and tire fabrics market volume, by product segment, 2013 - 2020 (Kilo Tons)
      5.5.2 RoW tire cord and tire fabrics market revenue, by product segment, 2013 - 2020 (USD Million)

Chapter 6 Company Profiles
6.1 Kolon Industries, Inc.
      6.1.1 Company overview
      6.1.2 Product portfolio
      6.1.3 Financial overview
      6.1.4 Business strategy
      6.1.5 SWOT analysis
      6.1.6 Recent developments
6.2 Kordsa Global, Inc.
      6.2.1 Company overview
      6.2.2 Product portfolio
      6.2.3 Financial overview
      6.2.4 Business strategy
      6.2.5 SWOT analysis
      6.2.6 Recent developments
6.3 Hyosung Corporation
      6.3.1 Company overview
      6.3.2 Product portfolio
      6.3.3 Financial overview
      6.3.4 Business strategy
      6.3.5 SWOT analysis
      6.3.6 Recent development
6.4 SRF Ltd.
      6.4.1 Company overview
      6.4.2 Product portfolio
      6.4.3 Financial overview
      6.4.4 Business strategy
      6.4.5 SWOT analysis
6.5 Milliken & Company Inc.
      6.5.1 Company overview
      6.5.2 Product portfolio
      6.5.3 Business strategies
      6.5.4 SWOT analysis
      6.5.5 Recent development
6.6 Firestone Fibers & Textile Company
      6.6.1 Company overview
      6.6.2 Product portfolio
      6.6.3 Business strategy
      6.6.4 SWOT analysis
6.7 Cordenka GmbH & Co. KG
      6.7.1 Company overview
      6.7.2 Product portfolio
      6.7.3 Business strategy
      6.7.4 SWOT analysis
      6.7.5 Recent development
6.8 Kordarna Plus A.S.
      6.8.1 Company overview
      6.8.2 Product portfolio
      6.8.3 Financial overview
      6.8.4 Business strategy
      6.8.5 SWOT analysis
6.9 Teijin Ltd.
      6.9.1 Company overview
      6.9.2 Product portfolio
      6.9.3 Financial overview
      6.9.4 Business strategy
      6.9.5 SWOT analysis
      6.9.6 Recent development
6.10 Tokusen U.S.A., Inc.
       6.10.1 Company overview
       6.10.2 Product portfolio
       6.10.3 Business strategy
       6.10.4 SWOT analysis
       6.10.5 Recent developments

List of Figures 

FIG. 1 Global tire cord and tire fabrics market segmentation by product segment and region
FIG. 2 Global tire cord and tire fabrics market, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 3 Value chain analysis: Tire cord and tire fabrics market
FIG. 4 Production comparison of leading automotive manufacturers (2011 & 2012)
FIG. 5 Personal vehicle and commercial vehicle sales in the U.S. (2006-2020)
FIG. 6 Personal vehicle sales in Europe, 2005 - 2013
FIG. 7 Commercial vehicle sales in Europe, 2005 - 2013
FIG. 8 Porter’s Five Forces analysis
FIG. 9 Global tire cord and tire fabrics market: Market attractiveness analysis, 2013
FIG. 10 Global tire cord and tire fabrics market: Company market share analysis, 2013
FIG. 11 Global tire cord and tire fabrics market share, by product segment, 2013 & 2020
FIG. 12 Global demand for steel tire cord and tire fabrics, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 13 Global demand for polyester tire cord and tire fabrics, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 14 Global demand for nylon tire cord and tire fabrics, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 15 Global demand for rayon tire cord and tire fabrics, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 16 Global demand for other tire cord and tire fabrics, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 17 Global tire cord and tire fabrics market share, by region, 2013 & 2020

List of Tables

TABLE 1 Global tire cord and tire fabrics market snapshot
TABLE 2 Drivers for tire cord and tire fabric materials market: Impact analysis
TABLE 3 Global vehicle production statistics, 2011 - 2013
TABLE 4 Restraints for tire cord and tire fabric materials market: Impact Analysis
TABLE 5 North America tire cord and tire fabrics market volumes, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 6 North America tire cord and tire fabrics market revenue, by product segment, 2013 - 2020 (USD Million)
TABLE 7 Europe tire cord and tire fabrics market volumes, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 8 Europe tire cord and tire fabrics market revenue, by product segment, 2013 - 2020 (USD Million)
TABLE 9 Asia Pacific tire cord and tire fabrics market volume, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 10 Asia Pacific tire cord and tire fabrics market revenue, by product segment, 2013 - 2020 (USD Million)
TABLE 11 RoW tire cord and tire fabrics market volume, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 12 RoW tire cord and tire fabrics market revenue, by product segment, 2013 - 2020 (USD Million)

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Free Market Analysis


Automotive tire is one of the most complex engineered products requiring a range of raw materials such as natural rubber, artificial rubber, carbon black, cord fabric, steel and different chemicals. Tire cords are reinforcing materials in the tire, providing it with dimensional stability and acting as supports for the vehicle weight. These also help to keep tires in shape in different road conditions. Tire cords and tire fabrics are very important for the performance of a tire, and as a result for the vehicle as well. Different types of reinforcement constructions are required for different types of vehicles, and this depends on their respective uses and load-bearing requirements. 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. This is because, these vehicles ply on different roads with varying conditions and each of these vehicles has a different load-bearing requirement.

The tire cord and tire fabrics market is directly influenced by the automotive demand. The market is driven by the high demand for personal vehicles and commercial vehicles in Asia Pacific market as well as the gradually reviving U.S. economy. The tire cord and tire fabrics market is characterized by differentiated demand pattern for each of the tire cord and fabric materials. Different product types find preference for different end user application and geographical region. Steel cords are favored for radial tires across the globe and steel therefore accounted for over 55% of the market by volume in 2013. 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 and RoW.

The tire cord and tire fabrics could be segregated into steel cords, polyester cords, nylon dipped cords, rayon cords and other materials such as aramid cords, polyethylene naphthalate and fiberglass cords by product types. Steel tire cord is the most used product type owing to its extensive application in the manufacturing of radial tires. Radial tires have grown tremendously over the past decade replacing most of the bias ply tires that were in existence. The degree of radialization is high in North America and Europe where commercial vehicles as well as personal vehicles use radial tires. However the degree of radialization of automotive is much less in Asia Pacific where radial tires are mostly limited to personal vehicles. High volume of heavy vehicle production which predominantly use nylon tire cord boosts the market for nylon dipped tire cords in this region. Polyester tire cord trumps nylon usage in North America and Europe.

Asia Pacific is by far the largest consumer of tire cord and tire fabrics in the world and accounted for about 45% of the global demand in 2013. The ever increasing demand for personal vehicles and commercial vehicles in Asia Pacific is due to the high GDP growth coupled with increasing purchasing power in countries such as China, India, Malaysia and Indonesia. The demand growth for automotives in Asia Pacific translates into demand for all ancillary products including tire cord and fabrics. North America is the second largest consumer of tire cord and tire fabrics in the world followed by Europe. Although most of the reputed automotive manufacturers are Europe based, the demand for their vehicles is mostly generated from other geographies, particularly Asia Pacific.

The global tire cords and tire fabrics market is moderately consolidated with the top few companies accounting for the majority of market share. Some of the major companies dominating the market are Bekaert, Hyosung Corporation, Kordsa Global, SRF Ltd. and Kolon Industries. 

global-tire-cord-and-tire-fabrics-market

 

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