Tire Cord market worldwide is projected to grow by US$1.9 Billion, driven by a compounded growth of 4.9%. Steel Tire Cord & Tire Fabrics, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$3.7 Billion by the year 2025, Steel Tire Cord & Tire Fabrics will bring in healthy gains adding significant momentum to global growth.

/EIN News/ -- New York, Oct. 08, 2019 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Tire Cord Industry" - https://www.reportlinker.com/p05010587/?utm_source=GNW

- Representing the developed world, the United States will maintain a 4.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$75.6 Million to the region’s size and clout in the next 5 to 6 years. Over US$134.1 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Steel Tire Cord & Tire Fabrics will reach a market size of US$224.4 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.6% over the next couple of years and add approximately US$493.5 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include among others, CORDENKA GmbH & Co., KG; Hyosung Corporation; Kolon Industries, Inc.; Kordarna Plus A.S.; NV Bekaert SA; SRF Limited; Teijin Limited


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I. INTRODUCTION, METHODOLOGY AND REPORT SCOPE 1

II. EXECUTIVE SUMMARY 11

1. MARKET OVERVIEW 11
An Introduction to Vehicle Tire 11
Tire Composition: Percentage Breakdown of Components by Weight
for Passenger Car and Truck Tires 13
Tire Cord: Key Reinforcement Material for Vehicle Tires 13
Global Tire Reinforcement Materials Market (2018): Percentage
Breakdown of Dollar Sales by Segment 14
Bright Prospects Ahead for World Tire Cord Market 15
Fast Paced Growth Projected for Tire Cord Market in China and
Other Developing Regions 15
World Tire Cord Market by Region: Percentage Breakdown of
Revenues for China, Other Emerging Regions and Developed
Regions for the Years 2019 & 2025 16
World Tire Cord Market - Geographic Regions Ranked by Value
CAGR for 2018-2025: China, Asia-Pacific, Rest of World,
Europe, USA, Japan, and Canada 17
Opportunities Remain Rife in Developed Regions 17
COMPETITIVE SCENARIO 18
Tire Cord: A Consolidated Marketplace 18
Strong Relationships with Tire Makers: Key to Market Success 18
Innovative Marketing Strategies Take Center Stage 19
Declining Captive Capacity Bodes Well for Tire Cord Manufacturers 19
Percentage Share of Captive Market as a Proportion of Total
Tire Cord Market for the Years 2010, 2012, 2014, 2016 and 2018 20
Global Competitor Market Shares 21
Tire Cord Competitor Market Share Scenario Worldwide (in %): 2019 21
Global Competitor Market Shares by Segment 22
Steel Tire Cord & Tire Fabrics (Segment) Global Competitor
Market Share Positioning for 2019 22
Polyester Tire Cord & Tire Fabrics (Segment) Market Share
Breakdown of Key Players: 2019 23
Nylon Tire Cord & Tire Fabrics (Segment) Competitor Revenue
Share (in %): 2019 24
2. FOCUS ON SELECT PLAYERS 25
Bekaert (Belgium) 25
Century Enka Limited (India) 25
CORDENKA GmbH & Co. KG (Germany) 25
FORMOSA TAFFETA CO., LTD. (Taiwan) 26
Hyosung Corporation (South Korea) 26
Indorama Ventures Public Company Limited (Thailand) 27
KORDÁRNA Plus a.s. (Czech Republic) 27
Kiswire Ltd. (South Korea) 28
Kolon Industries, Inc. (South Korea) 28
Kordsa Global Endüstriyel Iplik ve Kord Bezi Sanayi ve Ticaret
A.S. (Turkey) 28
Shenma Industrial Co., Ltd. (China) 29
SRF Limited (India) 29
Teijin Limited (Japan) 30
Xingda International (China) 30
3. MARKET TRENDS & DRIVERS 31
Northbound Trajectory in World Tire Industry Creates Fertile
Environment for Growth of Tire Cord Market 31
World Market for Tires (2019 & 2024): Breakdown of Volume Sales
of OEM & Replacement Tires in Thousand Units by Geographic
Region/Country 32
Dynamics in Automotive Industry Inflate Demand for OEM Tires 33
Global Passenger Cars Production (In Million Units) by
Geographic Region/Country for the Years 2017, 2019, 2022 34
Percentage Share of Small Cars in Global Light Vehicle Sales by
Category for the Years 2015, 2018 & 2022 35
Global Penetration of SUVs (In %) by Country for the Year 2019 36
Electric Vehicles Emerge as New Flavor in World Automotive
Industry: Global EV Sales (In Million Units) by Region for the
Years 2019, 2025 & 2030 37
Expanding Base of Middle Class in the Asian Region Provides the
Perfect Platform for Automotive Consumerism: Global Middle
Class Spending (US$ Billion) by Region for the Years 2020,
2025, 2030 38
Sustained Expansion in Replacement Tire Segment 38
Increasing Average Vehicle Age Instigates Tire Replacement
Demand: Average Service Life of Passenger Cars (in Years) in
Select Countries for 2018 39
Tire Replacement Cycle (In Years) by Country/Region: 2018 40
Tire Industry CAPEX Programs Indicate High Growth Opportunities 40
Soaring Demand for Radial Tire: A Major Driver 42
Tire Radialization as a Percentage of Total Tire Population by
Select Country/Region 43
Rising Demand for Steel Tire Cord Drives Overall Growth in Tire
Cord Market 43
HMLS Yarns Widen Role of Polyester in Tire Cord Ecosystem 44
Growing Adoption of Nylon Tire Cord 44
Technology Advancements and Product Innovations Sustain Market
Momentum 44
R&D Efforts Bring Forward the New ?Green? Tire Cord 45
Novel Tire Cords Improve Rolling Resistance and Fuel Efficiency 45
Nanotechnology Augments Tire R&D 46
Volatile Raw Material Costs: A Major Issue 47
Breakdown of Costs Involved in Steel Tire Cord Making 47
4. GLOBAL MARKET PERSPECTIVE 48
Table 1: Tire Cord Global Market Estimates and Forecasts in US$
Thousand by Region/Country: 2018-2025 48
Table 2: Tire Cord Global Retrospective Market Scenario in US$
Thousand by Region/Country: 2009-2017 49
Table 3: Tire Cord Market Share Shift across Key Geographies
Worldwide: 2009 VS 2019 VS 2025 50
Table 4: Steel Tire Cord & Tire Fabrics (Segment) World Market
by Region/Country in US$ Thousand: 2018 to 2025 51
Table 5: Steel Tire Cord & Tire Fabrics (Segment) Historic
Market Analysis by Region/Country in US$ Thousand: 2009 to 2017 52
Table 6: Steel Tire Cord & Tire Fabrics (Segment) Market Share
Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS
2025 53
Table 7: Polyester Tire Cord & Tire Fabrics (Segment) Potential
Growth Markets Worldwide in US$ Thousand: 2018 to 2025 54
Table 8: Polyester Tire Cord & Tire Fabrics (Segment) Historic
Market Perspective by Region/Country in US$ Thousand: 2009 to
2017 55
Table 9: Polyester Tire Cord & Tire Fabrics (Segment) Market
Sales Breakdown by Region/Country in Percentage: 2009 VS 2019
VS 2025 56
Table 10: Nylon Tire Cord & Tire Fabrics (Segment) Geographic
Market Spread Worldwide in US$ Thousand: 2018 to 2025 57
Table 11: Nylon Tire Cord & Tire Fabrics (Segment) Region Wise
Breakdown of Global Historic Demand in US$ Thousand: 2009 to
2017 58
Table 12: Nylon Tire Cord & Tire Fabrics (Segment) Market Share
Distribution in Percentage by Region/Country: 2009 VS 2019 VS
2025 59
Table 13: Rayon Tire Cord & Tire Fabrics (Segment) World Market
Estimates and Forecasts by Region/Country in US$ Thousand: 2018
to 2025 60
Table 14: Rayon Tire Cord & Tire Fabrics (Segment) Market
Historic Review by Region/Country in US$ Thousand: 2009 to 2017 61
Table 15: Rayon Tire Cord & Tire Fabrics (Segment) Market Share
Breakdown by Region/Country: 2009 VS 2019 VS 2025 62
Table 16: Other Tire Cord & Tire Fabrics (Segment) World Market
by Region/Country in US$ Thousand: 2018 to 2025 63
Table 17: Other Tire Cord & Tire Fabrics (Segment) Historic
Market Analysis by Region/Country in US$ Thousand: 2009 to 2017 64
Table 18: Other Tire Cord & Tire Fabrics (Segment) Market Share
Distribution in Percentage by Region/Country: 2009 VS 2019 VS
2025 65

III. MARKET ANALYSIS 66

GEOGRAPHIC MARKET ANALYSIS 66
UNITED STATES 66
United States: An Important Consumer of Tire Cord 66
Onshoring of Tire Manufacturing to Infuse New Optimism 66
A Glimpse of Recent Tire CAPEX Announcements in the US 67
US Tire Market (2018): Percentage Share Breakdown of Consumer
Sales by Brand Type 67
US Truck Tire Replacement Market (2018): Percentage Breakdown
of Annual Revenue by Category 68
Market Analytics 69
Table 19: United States Tire Cord Market Estimates and
Projections in US$ Thousand by Segment: 2018 to 2025 69
Table 20: Tire Cord Market in the United States by Segment:
A Historic Review in US$ Thousand for 2009-2017 70
Table 21: United States Tire Cord Market Share Breakdown by
Segment: 2009 VS 2019 VS 2025 71
CANADA 72
Table 22: Canadian Tire Cord Market Estimates and Forecasts in
US$ Thousand by Segment: 2018 to 2025 72
Table 23: Canadian Tire Cord Historic Market Review by Segment
in US$ Thousand: 2009-2017 73
Table 24: Tire Cord Market in Canada: Percentage Share
Breakdown of Sales by Segment for 2009, 2019, and 2025 74
JAPAN 75
Overview of Japanese Tire Industry 75
Japanese Production of Automotive Tires (in Million Units) for
the Period 2011-2018 75
Japanese Automotive Tire Industry: Percentage Breakdown of
Production and Sales (OEM and Replacement) by Tire Type 76
Market Analytics 77
Table 25: Japanese Market for Tire Cord: Annual Sales Estimates
and Projections in US$ Thousand by Segment for the Period
2018-2025 77
Table 26: Tire Cord Market in Japan: Historic Sales Analysis in
US$ Thousand by Segment for the Period 2009-2017 78
Table 27: Japanese Tire Cord Market Share Analysis by Segment:
2009 VS 2019 VS 2025 79
CHINA 80
China Emerges as Dominant Consumer of Tire Cord 80
Tires Industry in China: A Macro Perspective 80
Intensified Automotive Production Extends Opportunities to Tire
and Tire Cord Markets 81
Chinese Steel Tire Cord Market (2019): Percentage Breakdown of
Revenues by Company 81
Market Analytics 82
Table 28: Chinese Tire Cord Market Growth Prospects in US$
Thousand by Segment for the Period 2018-2025 82
Table 29: Tire Cord Historic Market Analysis in China in US$
Thousand by Segment: 2009-2017 83
Table 30: Chinese Tire Cord Market by Segment: Percentage
Breakdown of Sales for 2009, 2019, and 2025 84
EUROPE 85
Major Regional Market for Tire Cord 85
An Overview of European Tire Market 85
Market Analytics 86
Table 31: European Tire Cord Market Demand Scenario in US$
Thousand by Region/Country: 2018-2025 86
Table 32: Tire Cord Market in Europe: A Historic Market
Perspective in US$ Thousand by Region/Country for the Period
2009-2017 87
Table 33: European Tire Cord Market Share Shift by
Region/Country: 2009 VS 2019 VS 2025 88
Table 34: European Tire Cord Market Estimates and Forecasts in
US$ Thousand by Segment: 2018-2025 89
Table 35: Tire Cord Market in Europe in US$ Thousand by
Segment: A Historic Review for the Period 2009-2017 90
Table 36: European Tire Cord Market Share Breakdown by Segment:
2009 VS 2019 VS 2025 91
FRANCE 92
Table 37: Tire Cord Market in France by Segment: Estimates and
Projections in US$ Thousand for the Period 2018-2025 92
Table 38: French Tire Cord Historic Market Scenario in US$
Thousand by Segment: 2009-2017 93
Table 39: French Tire Cord Market Share Analysis by Segment:
2009 VS 2019 VS 2025 94
GERMANY 95
Robust Automotive Industry Creates Opportunities 95
Market Analytics 96
Table 40: Tire Cord Market in Germany: Recent Past, Current and
Future Analysis in US$ Thousand by Segment for the Period
2018-2025 96
Table 41: German Tire Cord Historic Market Analysis in US$
Thousand by Segment: 2009-2017 97
Table 42: German Tire Cord Market Share Breakdown by Segment:
2009 VS 2019 VS 2025 98
ITALY 99
Table 43: Italian Tire Cord Market Growth Prospects in US$
Thousand by Segment for the Period 2018-2025 99
Table 44: Tire Cord Historic Market Analysis in Italy in US$
Thousand by Segment: 2009-2017 100
Table 45: Italian Tire Cord Market by Segment: Percentage
Breakdown of Sales for 2009, 2019, and 2025 101
UNITED KINGDOM 102
Table 46: United Kingdom Market for Tire Cord: Annual Sales
Estimates and Projections in US$ Thousand by Segment for the
Period 2018-2025 102
Table 47: Tire Cord Market in the United Kingdom: Historic
Sales Analysis in US$ Thousand by Segment for the Period
2009-2017 103
Table 48: United Kingdom Tire Cord Market Share Analysis by
Segment: 2009 VS 2019 VS 2025 104
REST OF EUROPE 105
Table 49: Rest of Europe Tire Cord Market Estimates and
Forecasts in US$ Thousand by Segment: 2018-2025 105
Table 50: Tire Cord Market in Rest of Europe in US$ Thousand by
Segment: A Historic Review for the Period 2009-2017 106
Table 51: Rest of Europe Tire Cord Market Share Breakdown by
Segment: 2009 VS 2019 VS 2025 107
ASIA-PACIFIC 108
Uptrend in Automotive Industry Drives Growth in Tire Cord Market 108
India: A Niche Market for Tires and Tire Cord Materials 108
Indian Tires Market (2018): Percentage Breakdown of Volume
Production by Vehicle Segment 109
Indian Nylon Tire Cord Fabric Market 109
India Emerges as a Hub for Radial Tire Manufacturing 110
Automobile Industry in India 110
Market Analytics 111
Table 52: Tire Cord Market in Asia-Pacific by Segment:
Estimates and Projections in US$ Thousand for the Period
2018-2025 111
Table 53: Asia-Pacific Tire Cord Historic Market Scenario in
US$ Thousand by Segment: 2009-2017 112
Table 54: Asia-Pacific Tire Cord Market Share Analysis by
Segment: 2009 VS 2019 VS 2025 113
REST OF WORLD 114
Automobile Industry in Latin America: An Overview 114
Saudi Arabia: High Demand for Replacement Tires 114
Market Analytics 115
Table 55: Rest of World Tire Cord Market Estimates and
Forecasts in US$ Thousand by Segment: 2018 to 2025 115
Table 56: Rest of World Tire Cord Historic Market Review by
Segment in US$ Thousand: 2009-2017 116
Table 57: Tire Cord Market in Rest of World: Percentage Share
Breakdown of Sales by Segment for 2009, 2019, and 2025 117

IV. COMPETITION 118

1. ASAHI KASEI CORPORATION FIBERS & TEXTILES SBU 118
2. BAYGOLD GROUP LTD. 120
3. CENTURY ENKA LTD. 122
4. CENTURY RAYON 124
5. COLMANT COATED FABRICS 126
6. CORDENKA GMBH & CO. KG 130
7. ENKA DE COLOMBIA SA 132
8. FIRESTONE FIBERS & TEXTILES COMPANY, LLC 133
9. FORMOSA TAFFETA CO., LTD. 134
10. GLANZSTOFF INDUSTRIES 139
11. HANOI INDUSTRIAL TEXTILE JSC 142
12. HENAN HENGXING SCIECNCE & TECHNOLOGY CO., LTD. 145
13. HL GROUP LTD. 147
14. HUAIAN NYLON CHEMICAL FIBRE CO., LTD. 149
15. HYOSUNG ADVANCED MATERIALS 149
16. INDORAMA VENTURES PUBLIC CO., LTD. 158
PERFORMANCE FIBERS (KAIPING) 168
17. JIANGSU HAIYANG CHEMICAL FIBER CO., LTD. 169
18. JIANGSU TAIJI INDUSTRY NEW MATERIALS CO., LTD. 170
19. JSC "GRODNO AZOT" - KHIMVOLOKNO PLANT 171
20. JUNMA TYRE CORD CO., LTD. 174
21. KISWIRE LTD. 175
22. KOLON INDUSTRIES, INC. 177
23. KORDARNA PLUS AS 187
24. KORDSA TEKNIK TEKSTIL AS 189
25. PJSC "KUIBYSHEVAZOT" 192
26. MADURA INDUSTRIAL TEXTILES (MITL) 194
27. MILLIKEN & COMPANY 197
28. NV BEKAERT SA 200
29. ORIENTAL INDUSTRIES (SUZHOU) LTD. 203
30. RUBBER INDUSTRIES INVESTMENT & DEVELOPMENT COMPLEX (SABA
TIRE CORD) 205
31. SAARSTAHL AG 207
32. SENYU GROUP 209
33. SHANDONG HELON POLYTEX CHEMICAL FIBRE CO., LTD. 210
34. SHANDONG SHIFENG GROUP CO., LTD. 211
35. SHENMA INDUSTRIAL CO., LTD. 211
36. SHINKONG SYNTHETIC FIBERS CORPORATION 213
37. SOHRAB GROUP 218
38. SRF LTD. 220
39. SRI IMPEX PVT. LTD. 224
40. STAR POLYMERS INC. 227
41. SUMITOMO ELECTRIC INDUSTRIES LTD. 232
42. TEIJIN FRONTIER CO., LTD. 238
TEIJIN FRONTIER (THAILAND) CO., LTD. 244
43. TEIJIN LTD. 245
44. TOKUSEN U.S.A., INC. 255
45. TOKYO ROPE MANUFACTURING CO., LTD. 259
46. TORAY HYBRID CORD, INC. 266
47. ZHEJIANG HAILIDE NEW MATERIAL CO., LTD. 267
48. ZHEJIANG UNIFULL INDUSTRIAL FIBRE CO., LTD. 269
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