Tire Cord Fabrics Market Growth, Size, Industry Analysis, Share, Future Trends and Forecasts
Market Overview The Tire Cord Fabrics Market Growth is expected to register a CAGR of 3.9% to reach USD 7,923 Million by the end of the forecast period. In the tire manufacturing process, tire cord textiles are utilized as a reinforcing material. These textiles are specifically engineered to maintain tires in shape and support vehicle weight. They also help to extend the life of the tires. Synthetic fibers such as polyester and nylon are commonly used in these fabrics. Fabrics are created by twisting and weaving fibers. To strengthen their bonding capacity with the rubber, these materials are soaked in a latex adhesive solution. The increasing need for long-lasting, fuel-efficient tires is proven to be the primary driver of market expansion. Furthermore, the rising demand for passenger automobiles in emerging nations like India, China, Indonesia, and Brazil is expected to drive significant demand for radial tires and hence tire cord textiles over the forecast period. Electric vehi