Home / All Categories / Chemicals & Materials / Other / Global Polyester Tyre Cord Fabric Market Analysis 2018-2029, by Manufacturers, Regions, Countries, Types, Applications and Forecast
Global Polyester Tyre Cord Fabric Market Analysis 2018-2029, by Manufacturers, Regions, Countries, Types, Applications and Forecast
Global Polyester Tyre Cord Fabric Market Analysis 2018-2029, by Manufacturers, Regions, Countries, Types, Applications and Forecast

Pages: 135       Published Date: Jul 13 2023       Category: Other       Report ID: HJR171336
The Polyester Tyre Cord Fabric industry plays a crucial role in the global automotive sector. Polyester Tyre Cord Fabric refers to a type of material that is specifically designed for the reinforcement of automobile tires. It is known for its high strength and durability, making it an essential component in ensuring the overall performance and safety of vehicle tires.

The global Polyester Tyre Cord Fabric market is projected to reach a size of US$5582.5 million by 2022, with a compound annual growth rate (CAGR) of 4.06%. This growth can be attributed to various factors, including the increasing demand for automobiles, especially passenger and commercial cars.

Polyester Tyre Cord Fabric finds widespread application in the automotive industry, primarily in passenger and commercial cars. Its use in the production of tires enhances their strength, stability, and endurance, allowing vehicles to maintain better control and grip on various road surfaces. Moreover, it contributes to reducing tire wear and tear, improving fuel efficiency, and enhancing overall driving experience.

In the global market, several manufacturers dominate the Polyester Tyre Cord Fabric industry. These key players include Formosa Taffeta, Hyosung, SRF, Performance Fibers, Shinkong Synthetic Fibers, Sinopec Shanghai Petrochemical, KORDARNAPlus, KOLON Industries, Toray Industries, and Zhejiang Hailide New Material. These companies are known for their extensive product portfolios and strong presence in the global market, catering to the growing demand for Polyester Tyre Cord Fabric from various automobile manufacturers.

The Polyester Tyre Cord Fabric industry is expected to witness significant growth in the coming years due to the expanding automotive industry, particularly in emerging economies. The rising disposable income, urbanization, and changing lifestyle preferences are driving the demand for passenger cars, thus fueling the need for high-performance tires. Additionally, the growth of the logistics and transportation sector is boosting the demand for commercial vehicles, further propelling the Polyester Tyre Cord Fabric market.

Furthermore, with the increasing focus on sustainability and environmental regulations, manufacturers are emphasizing the development of eco-friendly and recyclable tire cord fabrics. This trend presents opportunities for innovation and technological advancements in the Polyester Tyre Cord Fabric industry, enabling manufacturers to meet the evolving needs of customers and comply with sustainability goals.

In conclusion, the Polyester Tyre Cord Fabric industry is a vital component of the automotive sector, with its high-strength characteristic benefiting the overall performance and safety of vehicle tires. With a projected market size of US$5582.5 million by 2022, the industry is set to witness steady growth in the coming years. The dominance of key global manufacturers, along with the increasing demand for passenger and commercial vehicles, augurs well for the prospects of the Polyester Tyre Cord Fabric industry. Furthermore, the industry is expected to benefit from technological advancements and a growing emphasis on sustainability, allowing manufacturers to cater to evolving customer needs and environmental regulations.

The SWOT analysis of the Polyester Tyre Cord Fabric industry is as follows:

Strengths:
1. High tensile strength: Polyester tyre cord fabric has a high tensile strength, making it suitable for use in heavy-duty applications such as tyre reinforcement.
2. Good flexibility: Polyester tyre cord fabric is flexible, allowing it to be easily integrated into the construction of tyres without compromising performance.
3. Good resistance to abrasion: Polyester tyre cord fabric is highly resistant to abrasion, which is important for ensuring the durability and longevity of tyres.
4. Cost-effective: Polyester tyre cord fabric is relatively cheaper compared to other tyre cord fabrics such as nylon or rayon, making it a cost-effective choice for tyre manufacturers.
5. Availability: Polyester is widely available and can be manufactured in large quantities, ensuring a stable supply for the industry.

Weaknesses:
1. Limited heat resistance: Polyester tyre cord fabric has limited heat resistance compared to high-performance materials such as aramid or steel. This can limit its application in extreme conditions.
2. Relatively low modulus of elasticity: Polyester has a lower modulus of elasticity compared to materials like steel or aramid, which may affect the overall performance and handling of tyres.
3. Environmental impact: The production of polyester tyre cord fabric requires crude oil and energy resources, making it less environmentally friendly compared to sustainable alternatives.

Opportunities:
1. Growing automotive industry: The polyester tyre cord fabric industry can benefit from the growing automotive industry, as the demand for tyres continues to rise with increasing vehicle production.
2. Technological advancements: With advancements in manufacturing techniques, there is an opportunity to develop improved polyester tyre cord fabric with enhanced performance characteristics.

Threats:
1. Competition from alternative materials: The polyester tyre cord fabric industry faces competition from alternative materials such as nylon, rayon, aramid, and steel, which offer superior properties in certain applications.
2. Increasing environmental regulations: As environmental concerns continue to grow, there may be stricter regulations on the use of non-sustainable materials like polyester, which could impact the industry's growth and profitability.

Key players in global Polyester Tyre Cord Fabric market include:
Formosa Taffeta
Hyosung
SRF
Performance Fibers
Shinkong Synthetic Fibers
Sinopec Shanghai Petrochemical
KORDARNAPlus
KOLON Industries
Toray Industries
Zhejiang Hailide New Material

Market segmentation, by product types:
1000/2 Denier
1000/3 Denier
1500/2 Denier
2000/2/1 Denier

Market segmentation, by applications:
Cassenger Cars
Commercial Cars

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