![Global Tire Cord and Tire Fabrics Market](https://res.cloudinary.com/devmoveo/image/upload/v1706532975/skyquest/gallery/Global-Tire-Cord-and-Tire-Fabrics-Market.jpg)
Report ID: SQMIG25B2021
Report ID:
SQMIG25B2021 |
Region:
Global |
Published Date: June, 2024
Pages:
223
|
Tables:
117 |
Figures:
77
Tire Cord and Tire Fabrics Market size was valued at USD 4.89 Billion in 2022 and is poised to grow from USD 5.15 Billion in 2023 to USD 7.68 Billion by 2031, at a CAGR of 5.12% during the forecast period (2024-2031).
The global tire cord and tire fabrics market is experiencing steady growth due to the increasing demand for tires across various industries, including automotive and aviation. Key drivers include rising vehicle production, expansion of the transportation sector, and a growing emphasis on tire performance and safety. Manufacturers are investing in advanced materials and technologies to enhance tire durability and fuel efficiency. Asia-Pacific dominates the market, driven by the automotive boom in emerging economies. However, sustainability concerns are pushing the industry towards eco-friendly materials. Overall, the tire cord and fabric market is poised for continued expansion with a focus on innovation and sustainability.
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Report ID: SQMIG25B2021