Reinforced Green Tire Cord Fabric Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Material Type (Recycle PET, Recycle Nylon 66, Recycle Aramid, Others), By Application (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler, Three Wheeler, Others), By Distribution Channel (Direct Vs Indirect), By Region
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationReinforced Green Tire Cord Fabric Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Material Type (Recycle PET, Recycle Nylon 66, Recycle Aramid, Others), By Application (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler, Three Wheeler, Others), By Distribution Channel (Direct Vs Indirect), By Region
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.
Surging Passenger Cars Demand Drive Market Growth
electric passenger cars
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.
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Market Segmentation
light commercial vehicle
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.
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Attribute |
Details |
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Base Year |
2021 |
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Historical Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in units, and CAGR for 2017-2021
and 2022-2027 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends |
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Segments covered |
·
Material Type ·
Application ·
Distribution Channel |
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Regional scope |
North America; Europe & CIS; Asia Pacific; South America;
Middle East & Africa |
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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) |
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