Press Release

Reinforced Green Tire Cord Fabric Market To Grow With 12% CAGR

Passenger cars to dominate the Global Reinforced Green Tire Cord Fabric Market, 2027F growth. 

According to TechSci Research report, Reinforced Green Tire Cord Fabric Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Global reinforced green tire cord fabric market is expected to grow with a double digit CAGR of 12% during the forecast period, 2023-2027F whereas the market value in the year 2021 was USD125 Million. Rising demands for the higher strength and stability in the vehicle tires drive the growth of the global reinforced green tire cord fabric market in the upcoming five years. Growing sales and the demands for the automotives like passenger cars, light commercial vehicle, medium & high commercial vehicle, two-wheelers, etc. also support the growth of the global reinforced green tire cord fabric market in the next five years. Higher sales of the tires, supported by OEM and replacement demands aiding the sales, further aid the growth of the global reinforced green tire cord fabric market in the future five years. Sales of electric vehicles, growing concerns among the populations regarding environmental depletion, coupled with active participation by the government enforcing favorable regulations regarding use of green vehicles and green products also substantiates the growth of the global reinforced green tire cord fabric market in the forecast years through 2027.


Rapidly growing adaptations of the recycled products and material for the manufacturing of the various products including automotive parts such as tires, is expected to further fuel the growth of the global reinforced green tire cord fabrics market in the forecast period. Recent technological advancement and growing finances invested in the research and innovative product development coupled with the expanding automotive industry that fuels the demand for the innovative green items and car parts add to the market growth.
Tire cords fabric reinforcement are used to maintain the shape of a tire. They are made primarily of polyester, nylon, aramid and rayon. These material structures provide higher rigidity to the tires thus giving the vehicles better handling and stability. 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.


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The global reinforced green tire cord fabric market segmentation is based on material type, application, distribution channel, regional distribution, and competitive landscape. Based on material type, the market is further segmented into recycle PET, recycle nylon 66, recycle aramid, and others. Recycle nylon 66 is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of superior fatigue resistance, high tenacity, and improved adhesion to rubber attributes offered by the material to the tire. The material is beneficial in terms of manufacturing high wear resistance tires that are required for commercial applications such as
Aircraft tires, agricultural tires, truck tires, etc.


By application, the market is fragmented into passenger car, light commercial vehicle, medium & heavy commercial vehicle, two wheeler, three wheeler, and others. Based on distribution channel, the market is differentiated between direct and indirect channels. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.


Some of the market players, dominating the global reinforced green tire cord fabric market are

·         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


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“Asia Pacific region is anticipated to hold the largest market for the reinforced green tire cord fabric in the future years due to local availability of major raw materials. Higher population in the region due to growing population in the large economies like China, India, further fuels the growing demand for the passenger cars and thus aiding the growth of the global reinforced green tire cord fabric market in the future years. With dedicated research and development sector and growing number of the market players actively investing in the development of the innovative reinforced green tire cord fabric also play favorable roles in the growth of the global reinforced green tire cord fabric market in the next five years. New market players are advised to focus on the research and investing in the research and product development to enter the market with the advanced product thereby aiding their brand establishment in the future years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


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”, has evaluated the future growth potential of global reinforced green tire cord fabric and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global reinforced green tire cord fabric market.


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