Tire Cord and Tire Fabrics Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast
2013 - 2023
175 Page Report
Increasing Demand for Sustainable Alternatives to Boost
Sales of Tire Cord and Tire Fabric, Finds TMR
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Tire Cord and Tire Fabrics Market
Tire Cord and Tire Fabrics Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2013 - 2023
With only a few companies raking in the highest revenues, the global tire cord and tire fabrics market exhibits a
consolidated vendor landscape, observes Transparency Market Research (TMR) in a new report. Small
players operating in the market pose considerable threat to the leading players, as they provide cheaper
alternatives to products manufactured by bigger companies. Nevertheless, large players usually capitalize on
supply agreements and their goodwill in the market.
However, if demand for tire cord and fabrics rises at a lower rate than capacity addition, even the large players
stand a chance of losing their profitability marginally. Among the most prominent companies, Hyosung
Corporation holds the dominant share of 15.8% in the market. The company owes much of its lead to the fact
that it produces more than one kind of tire cords. Other leading players such as Bekaert are exclusively
engaged in the manufacture of steel cords. As per TMR, Hyosung Corporation, Kordsa Global, Bekaert, Kolon
Industries, Inc., and SRF Ltd. together holds 59.2% of the global tire cord and tire fabrics market.
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Growth in Tire Cord and Tire Fabrics Sales...