The polyester tire cord market is forecasted to grow by USD 488 mn during 2023-2028, accelerating at a CAGR of 4.12% during the forecast period. The report on the polyester tire cord market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of polyester tire cords for passenger cars, advancements in tire manufacturing technology, and low-cost of polyester.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
3.91%
CAGR
4.12%
Incremental Value
$488 mn
Technavio's polyester tire cord market is segmented as below:
By Application
Automotive
Construction
Two wheelers
Agriculture
Aerospace
By Geographical Landscape
APAC
Europe
North America
South America
Middle East and Africa
This study identifies the increasing demand for and sales of electric vehicles globally as one of the prime reasons driving the polyester tire cord market growth during the next few years. Also, hybrid polyester tire cord and increasing m and a and partnerships will lead to sizable demand in the market.
The report on the polyester tire cord market covers the following areas:
Polyester tire cord market sizing
Polyester tire cord market forecast
Polyester tire cord market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polyester tire cord market vendors that include Asahi Kasei Corp., BIKAWA Enterprise SDN Bhd, Century Enka Ltd., COLMANT COATED FABRICS, Far Eastern Group, Firestone Fibers and Textiles Company LLC, Formosa Taffeta Co. Ltd., HANOI INDUSTRIAL TEXTILE JSC, Hyosung Corp., Indorama Ventures Public Co. Ltd., Kolon Industries Inc., KORDARNA Plus AS, Kordsa Teknik Tekstil AS, Madura Industrial Textiles Ltd., Qingdao HL Group Ltd., Shenma Industrial Co. Ltd., SRF Ltd., Star Polymers Inc., Teijin Ltd., and Toray Industries Inc.. Also, the polyester tire cord market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Polyester Tire Cord Market 2018 - 2022
Historic Market Size - Data Table on Global Polyester Tire Cord Market 2018 - 2022 ($ million)