Polyester Tire Fabric Market Size Reveals the Best Marketing Channels In Global Industry

The "Polyester Tire Fabric Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Polyester Tire Fabric market is expected to grow annually by 6.5% (CAGR 2024 - 2031).

This entire report is of 132 pages.

Polyester Tire Fabric Introduction and its Market Analysis

The Polyester Tire Fabric market research report provides a comprehensive analysis of the market conditions for this specialized material used in tire manufacturing. Polyester Tire Fabric is a high-strength, durable material that provides excellent performance in tires. The target market includes tire manufacturers seeking to improve the quality and performance of their products. Major factors driving revenue growth in this market include the increasing demand for tires in automotive industries, technological advancements in tire manufacturing, and growing emphasis on sustainable materials. Key players in the market include Hyosung, Kordsa Global, Kolon Industries, SRF Ltd, and others. The report's main findings highlight the steady growth of the Polyester Tire Fabric market and recommend strategies for companies to capitalize on this growth trend.

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The global polyester tire fabric market is segmented by type into all-steel tire fabric and bias tyre fabric, with applications in passenger cars and commercial vehicles. The market is driven by the increasing demand for durable and high-performance tires in the automotive industry. Regulatory and legal factors specific to market conditions include stringent safety standards and environmental regulations that manufacturers must adhere to in order to ensure the quality and sustainability of their products. With advancements in technology and growing consumer awareness about the importance of tire safety, the polyester tire fabric market is expected to witness steady growth in the coming years. The market players are focusing on product innovations and strategic partnerships to gain a competitive edge in this growing market segment.

Top Featured Companies Dominating the Global Polyester Tire Fabric Market

The global polyester tire fabric market is highly competitive with key players such as Hyosung, Kordsa Global, Kolon Industries, SRF Ltd, Kordarna Plus, Maduratex, Performance Fibers, Teijin, Milliken & Company, Far Eastern, Cordenka, Firestone Fibers & Textile, Century Enka, Helon Polytex, and Dikai leading the market. These companies operate in various regions and offer a wide range of products in the polyester tire fabric market.

Hyosung is one of the leading players in the polyester tire fabric market and offers high-quality fabrics that are used in tire manufacturing. Kordsa Global, a subsidiary of Sabanci Holding, is another prominent player in the market that provides high-performance tire reinforcement fabrics. Kolon Industries, a South Korean company, is known for its innovative products in the polyester tire fabric market.

SRF Ltd, an Indian multinational company, also operates in the polyester tire fabric market and offers a wide range of solutions for tire manufacturers. Other key players such as Teijin, Milliken & Company, Far Eastern, Cordenka, Firestone Fibers & Textile, Century Enka, Helon Polytex, and Dikai also contribute significantly to the growth of the polyester tire fabric market.

These companies help to grow the polyester tire fabric market by investing in research and development, expanding their product portfolio, and forming strategic partnerships with key players in the industry. They also focus on enhancing their manufacturing capabilities and providing customized solutions to meet the specific requirements of tire manufacturers.

Some of the prominent companies in the polyester tire fabric market include Teijin, which reported sales revenue of approximately $ billion in 2020. Milliken & Company, another key player, reported sales revenue of around $2.8 billion in 2020. Overall, these companies play a crucial role in driving the growth of the polyester tire fabric market through their innovative products and solutions.

• Hyosung
• Kordsa Global
• Kolon Industries
• SRF Ltd
• Kordarna Plus
• Maduratex
• Performance Fibers
• Teijin
• Milliken & Company
• Far Eastern
• Cordenka
• Firestone Fibers & Textile
• Century Enka
• Helon Polytex
• Dikai

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Polyester Tire Fabric Market Analysis, by Type:

• All-Steel Tire Fabric
• Bias Tyre Fabric

All-Steel Tire Fabric consists of steel wire cords in the tire construction, providing enhanced strength, durability, and puncture resistance. Bias Tyre Fabric features diagonal layers of fabric, providing flexibility and a smoother ride. The use of these types of polyester tire fabrics has increased the demand for polyester tire materials, as they offer high performance and longevity, making them ideal for various vehicle applications. Additionally, these fabrics contribute to improved fuel efficiency and overall vehicle safety, further boosting their popularity in the market.

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Polyester Tire Fabric Market Analysis, by Application:

• Passenger Car
• Commercial Vehicle

Polyester tire fabric is commonly used in passenger cars and commercial vehicles to provide strength, durability, and resilience to tires. It is applied in the manufacturing process to reinforce the rubber compounds and ensure the tires can withstand the demands of everyday driving. The fastest growing application segment in terms of revenue is in passenger cars, as the automotive industry continues to see growth in sales and production. The popularity of passenger cars and increasing demand for fuel-efficient vehicles has led to a rise in the use of polyester tire fabric in this segment.

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Polyester Tire Fabric Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The growth of the Polyester Tire Fabric market is expected to be robust in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Among these regions, Asia-Pacific is anticipated to dominate the market with a significant market share percentage valuation. The rapid industrialization, increasing vehicle production, and the growing automotive sector in countries like China and India are expected to drive the market growth in the region.

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