Increasing Demand for Sustainable Alternatives to Boost Sales of Tire Cord and Tire Fabric.Pdf

Transparency Market

Research

Tire Cord and Tire Fabrics Market - Global Industry Analysis,

Size, Share, Growth, Trends, and Forecast 2013 - 2023

Published Date

04-Mar-2016

175 Page Report

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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

REPORT DESCRIPTION

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.

Browse The Full Report @:

http://www.transparencymarketresearch.com/tire-cord-tire-fabrics-market.html

Growth in Tire Cord and Tire Fabrics Sales Directly Corresponds to Expansion of

Automotive Industry...