Increasing Demand for Sustainable Alternatives to Boost Sales of Tire Cord and Tire Fabric, Finds Tmr

Transparency Market

Research

Tire Cord and Tire Fabrics Market - Global Industry

Analysis, Size, Share, Growth, Trends, and Forecast

2013 - 2023

Published Date

04-March-2016

175 Page Report

Buy Now

Request Sample

Press Release

Increasing Demand for Sustainable Alternatives to Boost

Sales of Tire Cord and Tire Fabric, Finds TMR

Transparency Market Research

State Tower,

90, State Street, Suite 700.

Albany, NY 12207

United States

www.transparencymarketresearch.com

sales@transparencymarketresearch.com

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.

Get FREE Sample Of This Report : http://www.transparencymarketresearch.com/sample/sample.php?

flag=S&rep_id=1977

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