The Tire Cord Fabrics Market is expected to register a CAGR of 3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on material (nylon, polyester, rayon, aramid, and others). The report is segmented by tire type (radial and bias). The report is segmented by vehicle type (passenger cars, commercial vehicles, OTR vehicles, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Tire Cord Fabrics Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Tire Cord Fabrics Market Segmentation
Material- Nylon
- Polyester
- Rayon
- Aramid
- Radial
- Bias
Strategic Insights
Tire Cord Fabrics Market Growth Drivers- Automotive Industry Growth Driving Demand for Tire Cord Fabric: The automotive industry's growth has highly impacted the market for tire cord fabric. With rising global automobile production, high-performance tires will be increasingly in demand. Reinforcing a tire for toughness and durability requires tire cord fabric so that safety performance is ensured in modern automobile designs.
- The Impact of Electric Vehicles on Tire Cord Fabric Market Expansion: It is also driven by the growth in electric vehicles. The weight distribution, torque, and driving conditions for electric vehicles are different, hence requiring special tires. Manufacturers of tires are focused on improving tire performance, thereby driving demand for advanced tire cord fabrics that provide higher strength, flexibility, and resistance to wear and tear.
- Global Mobility and Economic Growth Fueling Tire Cord Fabric Demand: Increasing consumers' global mobility and the upcoming manufacturing of automobiles in developing economies increase the demand for tire cord fabric. Since the cars are manufactured around the globe, there is a requirement for more strenuous and efficient tires, and this boosts the market of tire cord fabric. Further, the ever-increasing base of the middle class in regions like Asia-Pacific boosts the demand for economical and durable tires.
- A Growing Trend in the Market: Sustainable tire cord fabrics will be a significant trend in the tire cord fabric market. There has been a growing environmental concern on the part of tire manufacturers to reduce the carbon footprint of tires by using recycled fibers and bio-based polymers. This trend is already causing changes in the market dynamics.
- Enhancing Tire Performance with Eco-Friendly Materials: Sustainable tire cord fabrics are fabrics that are eco-friendly and same are expected to further boost the performance of tires in terms of strength, durability, flexibility, and environmental impact. This is necessary since consumers and manufacturers are consumers of eco-friendly products, making it necessary to increase their demand for sustainable materials.
- Government Regulations and Innovation Driving Sustainable Tire Cord Fabrics: Governments and regulatory bodies have been poring over time about this trend in the current era to ensure strict adherence to environmental laws. Encouragement of green materials in automotive construction, including tires, has heightened such regulations. Innovation and investments in research and development towards creating a more sustainable type of tire cord fabrics shall be promoted by these regulations in association with globally sustainable development goals with positive prospects for wealth creation in the marketplace.
- Innovative Material Technologies Driving Growth in Tire Cord Fabric Market: Advanced material technologies provide high profile growth opportunities in the tire cord fabric market. Innovations in high-performance polymer technology and advanced composites, and hybrid fabric usages boost the performance of tire cord fabric in terms of durability, strength, and flexibility. These technologies offer solutions to the increasing requirements for more efficient, durable, and high-performance tires.
- The Role of Nanotechnology and Smart Materials in Tire Performance: Emerging developments in cost-effective nanotechnology and smart materials are also important in the tire cord fabric market. By integrating nanomaterial, manufacturers can produce lighter, stronger, or heat-resisting fabrics, which maximize the performance and longevity of tires. These new technologies are designed to yield tires that are more fuel-efficient and with lower rolling resistance, hence appealing to automotive manufacturers.
- Smart Technologies and Real-Time Data Enhancing Tire Cord Fabric Capabilities: The use of smart technologies in tire cord fabrics is another area of growth. Real-time data on wear is made possible with the installation of sensors in fabrics. This technology creates an opportunity for the manufacturer to produce more longer-life and safer tires and develop further applications in the automotive and tire industries with smart-corded fabrics.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Tire Cord Fabrics Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Tire Cord Fabrics Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The shift towards sustainable tire cord fabrics is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the tire cord fabric market, due to the region's dominance in automotive manufacturing, particularly in countries like China, India, and Japan. The high production rates of vehicles, coupled with the increasing demand for tires, drive significant growth in this region.
The automotive industry’s growth is driving the market growth.
Based on material, the nylon segment is expected to witness the fastest growth during the forecast period
SRF Group; Indorama Ventures Public Company Limited; Star Polymers Inc.; Kolon Industries, Inc.; HYOSUNG ADVANCED MATERIALS.; Kordsa Teknik Tekstil A.?.; Toray Hybrid Cord,Inc; CORDUS; Century Enka Limited.; and Shenma Industrial Co., Ltd. are some of the tire cord fabric market
The Tire Cord Fabrics Market is estimated to witness a CAGR of 3% from 2023 to 2031
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Tire Cord Fabrics Market - By Tire Type
1.3.2Tire Cord Fabrics Market - By Material
1.3.3Tire Cord Fabrics Market - By Distribution Channel
1.3.4Tire Cord Fabrics Market - By Vehicle Type
1.3.5Tire Cord Fabrics Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.TIRE CORD FABRICS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.TIRE CORD FABRICS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.TIRE CORD FABRICS MARKET - GLOBAL MARKET ANALYSIS
6.1.TIRE CORD FABRICS - GLOBAL MARKET OVERVIEW
6.2.TIRE CORD FABRICS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.TIRE CORD FABRICS MARKET - REVENUE AND FORECASTS TO 2028 - TIRE TYPE
7.1.OVERVIEW
7.2.TIRE TYPE MARKET FORECASTS AND ANALYSIS
7.3.RADIAL TIRES
7.3.1.Overview
7.3.2.Radial Tires Market Forecast and Analysis
7.4.BIAS TIRES
7.4.1.Overview
7.4.2.Bias Tires Market Forecast and Analysis
8.TIRE CORD FABRICS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1.OVERVIEW
8.2.MATERIAL MARKET FORECASTS AND ANALYSIS
8.3.RAYON
8.3.1.Overview
8.3.2.Rayon Market Forecast and Analysis
8.4.NYLON
8.4.1.Overview
8.4.2.Nylon Market Forecast and Analysis
8.5.POLYETHYLENE NAPTHALATE
8.5.1.Overview
8.5.2.Polyethylene Napthalate Market Forecast and Analysis
8.6.POLYESTER
8.6.1.Overview
8.6.2.Polyester Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.TIRE CORD FABRICS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1.OVERVIEW
9.2.DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3.OEMS
9.3.1.Overview
9.3.2.OEMs Market Forecast and Analysis
9.4.AFTERMARKET
9.4.1.Overview
9.4.2.Aftermarket Market Forecast and Analysis
10.TIRE CORD FABRICS MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
10.1.OVERVIEW
10.2.VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
10.3.PASSENGER CARS
10.3.1.Overview
10.3.2.Passenger Cars Market Forecast and Analysis
10.4.LIGHT COMMERCIAL VEHICLES
10.4.1.Overview
10.4.2.Light Commercial Vehicles Market Forecast and Analysis
10.5.HEAVY COMMERCIAL VEHICLES
10.5.1.Overview
10.5.2.Heavy Commercial Vehicles Market Forecast and Analysis
11.TIRE CORD FABRICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Tire Cord Fabrics Market Overview
11.1.2North America Tire Cord Fabrics Market Forecasts and Analysis
11.1.3North America Tire Cord Fabrics Market Forecasts and Analysis - By Tire Type
11.1.4North America Tire Cord Fabrics Market Forecasts and Analysis - By Material
11.1.5North America Tire Cord Fabrics Market Forecasts and Analysis - By Distribution Channel
11.1.6North America Tire Cord Fabrics Market Forecasts and Analysis - By Vehicle Type
11.1.7North America Tire Cord Fabrics Market Forecasts and Analysis - By Countries
11.1.7.1United States Tire Cord Fabrics Market
11.1.7.1.1United States Tire Cord Fabrics Market by Tire Type
11.1.7.1.2United States Tire Cord Fabrics Market by Material
11.1.7.1.3United States Tire Cord Fabrics Market by Distribution Channel
11.1.7.1.4United States Tire Cord Fabrics Market by Vehicle Type
11.1.7.2Canada Tire Cord Fabrics Market
11.1.7.2.1Canada Tire Cord Fabrics Market by Tire Type
11.1.7.2.2Canada Tire Cord Fabrics Market by Material
11.1.7.2.3Canada Tire Cord Fabrics Market by Distribution Channel
11.1.7.2.4Canada Tire Cord Fabrics Market by Vehicle Type
11.1.7.3Mexico Tire Cord Fabrics Market
11.1.7.3.1Mexico Tire Cord Fabrics Market by Tire Type
11.1.7.3.2Mexico Tire Cord Fabrics Market by Material
11.1.7.3.3Mexico Tire Cord Fabrics Market by Distribution Channel
11.1.7.3.4Mexico Tire Cord Fabrics Market by Vehicle Type
11.2.EUROPE
11.2.1Europe Tire Cord Fabrics Market Overview
11.2.2Europe Tire Cord Fabrics Market Forecasts and Analysis
11.2.3Europe Tire Cord Fabrics Market Forecasts and Analysis - By Tire Type
11.2.4Europe Tire Cord Fabrics Market Forecasts and Analysis - By Material
11.2.5Europe Tire Cord Fabrics Market Forecasts and Analysis - By Distribution Channel
11.2.6Europe Tire Cord Fabrics Market Forecasts and Analysis - By Vehicle Type
11.2.7Europe Tire Cord Fabrics Market Forecasts and Analysis - By Countries
11.2.7.1Germany Tire Cord Fabrics Market
11.2.7.1.1Germany Tire Cord Fabrics Market by Tire Type
11.2.7.1.2Germany Tire Cord Fabrics Market by Material
11.2.7.1.3Germany Tire Cord Fabrics Market by Distribution Channel
11.2.7.1.4Germany Tire Cord Fabrics Market by Vehicle Type
11.2.7.2France Tire Cord Fabrics Market
11.2.7.2.1France Tire Cord Fabrics Market by Tire Type
11.2.7.2.2France Tire Cord Fabrics Market by Material
11.2.7.2.3France Tire Cord Fabrics Market by Distribution Channel
11.2.7.2.4France Tire Cord Fabrics Market by Vehicle Type
11.2.7.3Italy Tire Cord Fabrics Market
11.2.7.3.1Italy Tire Cord Fabrics Market by Tire Type
11.2.7.3.2Italy Tire Cord Fabrics Market by Material
11.2.7.3.3Italy Tire Cord Fabrics Market by Distribution Channel
11.2.7.3.4Italy Tire Cord Fabrics Market by Vehicle Type
11.2.7.4United Kingdom Tire Cord Fabrics Market
11.2.7.4.1United Kingdom Tire Cord Fabrics Market by Tire Type
11.2.7.4.2United Kingdom Tire Cord Fabrics Market by Material
11.2.7.4.3United Kingdom Tire Cord Fabrics Market by Distribution Channel
11.2.7.4.4United Kingdom Tire Cord Fabrics Market by Vehicle Type
11.2.7.5Russia Tire Cord Fabrics Market
11.2.7.5.1Russia Tire Cord Fabrics Market by Tire Type
11.2.7.5.2Russia Tire Cord Fabrics Market by Material
11.2.7.5.3Russia Tire Cord Fabrics Market by Distribution Channel
11.2.7.5.4Russia Tire Cord Fabrics Market by Vehicle Type
11.2.7.6Rest of Europe Tire Cord Fabrics Market
11.2.7.6.1Rest of Europe Tire Cord Fabrics Market by Tire Type
11.2.7.6.2Rest of Europe Tire Cord Fabrics Market by Material
11.2.7.6.3Rest of Europe Tire Cord Fabrics Market by Distribution Channel
11.2.7.6.4Rest of Europe Tire Cord Fabrics Market by Vehicle Type
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Tire Cord Fabrics Market Overview
11.3.2Asia-Pacific Tire Cord Fabrics Market Forecasts and Analysis
11.3.3Asia-Pacific Tire Cord Fabrics Market Forecasts and Analysis - By Tire Type
11.3.4Asia-Pacific Tire Cord Fabrics Market Forecasts and Analysis - By Material
11.3.5Asia-Pacific Tire Cord Fabrics Market Forecasts and Analysis - By Distribution Channel
11.3.6Asia-Pacific Tire Cord Fabrics Market Forecasts and Analysis - By Vehicle Type
11.3.7Asia-Pacific Tire Cord Fabrics Market Forecasts and Analysis - By Countries
11.3.7.1Australia Tire Cord Fabrics Market
11.3.7.1.1Australia Tire Cord Fabrics Market by Tire Type
11.3.7.1.2Australia Tire Cord Fabrics Market by Material
11.3.7.1.3Australia Tire Cord Fabrics Market by Distribution Channel
11.3.7.1.4Australia Tire Cord Fabrics Market by Vehicle Type
11.3.7.2China Tire Cord Fabrics Market
11.3.7.2.1China Tire Cord Fabrics Market by Tire Type
11.3.7.2.2China Tire Cord Fabrics Market by Material
11.3.7.2.3China Tire Cord Fabrics Market by Distribution Channel
11.3.7.2.4China Tire Cord Fabrics Market by Vehicle Type
11.3.7.3India Tire Cord Fabrics Market
11.3.7.3.1India Tire Cord Fabrics Market by Tire Type
11.3.7.3.2India Tire Cord Fabrics Market by Material
11.3.7.3.3India Tire Cord Fabrics Market by Distribution Channel
11.3.7.3.4India Tire Cord Fabrics Market by Vehicle Type
11.3.7.4Japan Tire Cord Fabrics Market
11.3.7.4.1Japan Tire Cord Fabrics Market by Tire Type
11.3.7.4.2Japan Tire Cord Fabrics Market by Material
11.3.7.4.3Japan Tire Cord Fabrics Market by Distribution Channel
11.3.7.4.4Japan Tire Cord Fabrics Market by Vehicle Type
11.3.7.5South Korea Tire Cord Fabrics Market
11.3.7.5.1South Korea Tire Cord Fabrics Market by Tire Type
11.3.7.5.2South Korea Tire Cord Fabrics Market by Material
11.3.7.5.3South Korea Tire Cord Fabrics Market by Distribution Channel
11.3.7.5.4South Korea Tire Cord Fabrics Market by Vehicle Type
11.3.7.6Rest of Asia-Pacific Tire Cord Fabrics Market
11.3.7.6.1Rest of Asia-Pacific Tire Cord Fabrics Market by Tire Type
11.3.7.6.2Rest of Asia-Pacific Tire Cord Fabrics Market by Material
11.3.7.6.3Rest of Asia-Pacific Tire Cord Fabrics Market by Distribution Channel
11.3.7.6.4Rest of Asia-Pacific Tire Cord Fabrics Market by Vehicle Type
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Tire Cord Fabrics Market Overview
11.4.2Middle East and Africa Tire Cord Fabrics Market Forecasts and Analysis
11.4.3Middle East and Africa Tire Cord Fabrics Market Forecasts and Analysis - By Tire Type
11.4.4Middle East and Africa Tire Cord Fabrics Market Forecasts and Analysis - By Material
11.4.5Middle East and Africa Tire Cord Fabrics Market Forecasts and Analysis - By Distribution Channel
11.4.6Middle East and Africa Tire Cord Fabrics Market Forecasts and Analysis - By Vehicle Type
11.4.7Middle East and Africa Tire Cord Fabrics Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Tire Cord Fabrics Market
11.4.7.1.1South Africa Tire Cord Fabrics Market by Tire Type
11.4.7.1.2South Africa Tire Cord Fabrics Market by Material
11.4.7.1.3South Africa Tire Cord Fabrics Market by Distribution Channel
11.4.7.1.4South Africa Tire Cord Fabrics Market by Vehicle Type
11.4.7.2Saudi Arabia Tire Cord Fabrics Market
11.4.7.2.1Saudi Arabia Tire Cord Fabrics Market by Tire Type
11.4.7.2.2Saudi Arabia Tire Cord Fabrics Market by Material
11.4.7.2.3Saudi Arabia Tire Cord Fabrics Market by Distribution Channel
11.4.7.2.4Saudi Arabia Tire Cord Fabrics Market by Vehicle Type
11.4.7.3U.A.E Tire Cord Fabrics Market
11.4.7.3.1U.A.E Tire Cord Fabrics Market by Tire Type
11.4.7.3.2U.A.E Tire Cord Fabrics Market by Material
11.4.7.3.3U.A.E Tire Cord Fabrics Market by Distribution Channel
11.4.7.3.4U.A.E Tire Cord Fabrics Market by Vehicle Type
11.4.7.4Rest of Middle East and Africa Tire Cord Fabrics Market
11.4.7.4.1Rest of Middle East and Africa Tire Cord Fabrics Market by Tire Type
11.4.7.4.2Rest of Middle East and Africa Tire Cord Fabrics Market by Material
11.4.7.4.3Rest of Middle East and Africa Tire Cord Fabrics Market by Distribution Channel
11.4.7.4.4Rest of Middle East and Africa Tire Cord Fabrics Market by Vehicle Type
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Tire Cord Fabrics Market Overview
11.5.2South and Central America Tire Cord Fabrics Market Forecasts and Analysis
11.5.3South and Central America Tire Cord Fabrics Market Forecasts and Analysis - By Tire Type
11.5.4South and Central America Tire Cord Fabrics Market Forecasts and Analysis - By Material
11.5.5South and Central America Tire Cord Fabrics Market Forecasts and Analysis - By Distribution Channel
11.5.6South and Central America Tire Cord Fabrics Market Forecasts and Analysis - By Vehicle Type
11.5.7South and Central America Tire Cord Fabrics Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Tire Cord Fabrics Market
11.5.7.1.1Brazil Tire Cord Fabrics Market by Tire Type
11.5.7.1.2Brazil Tire Cord Fabrics Market by Material
11.5.7.1.3Brazil Tire Cord Fabrics Market by Distribution Channel
11.5.7.1.4Brazil Tire Cord Fabrics Market by Vehicle Type
11.5.7.2Argentina Tire Cord Fabrics Market
11.5.7.2.1Argentina Tire Cord Fabrics Market by Tire Type
11.5.7.2.2Argentina Tire Cord Fabrics Market by Material
11.5.7.2.3Argentina Tire Cord Fabrics Market by Distribution Channel
11.5.7.2.4Argentina Tire Cord Fabrics Market by Vehicle Type
11.5.7.3Rest of South and Central America Tire Cord Fabrics Market
11.5.7.3.1Rest of South and Central America Tire Cord Fabrics Market by Tire Type
11.5.7.3.2Rest of South and Central America Tire Cord Fabrics Market by Material
11.5.7.3.3Rest of South and Central America Tire Cord Fabrics Market by Distribution Channel
11.5.7.3.4Rest of South and Central America Tire Cord Fabrics Market by Vehicle Type
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.TIRE CORD FABRICS MARKET, KEY COMPANY PROFILES
13.1.CORDENKA GMBH AND CO KG
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.CENTURY ENKA LIMITED
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.FIRESTONE FIBERS AND TEXTILES
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.HYOSUNG
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.INDORAMA VENTURES PUBLIC COMPANY LIMITED (INDORAMA VENTURES)
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.KOLON INDUSTRIES, INC.
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.KORDSA TEKNIK TEKSTIL A.?.
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.SRF LIMITED
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.TEIJIN LIMITED
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.TORAY HYBRID CORD,INC (TORAY INDUSTRIES, INC.)
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
The List of Companies
1.Cordenka GmbH and Co KG
2.Century Enka Limited
3.Firestone Fibers and Textiles
4.HYOSUNG
5.Indorama Ventures Public Company Limited (Indorama Ventures)
6.KOLON Industries, Inc.
7.Kordsa Teknik Tekstil A.-.
8.SRF Limited
9.TEIJIN LIMITED
10.Toray Hybrid Cord,Inc (Toray Industries, Inc.)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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