Global Tire Cord Markets Report 2022: Market to Reach $7.1 Billion by 2027 - Northbound Trajectory in World Tire Industry Creates Fertile Environment for Growth - ResearchAndMarkets.com
The global market for Tire Cord estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$7.1 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027.
- The global market for Tire Cord estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$7.1 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027.
- Steel Tire Cord & Tire Fabrics, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$3.9 Billion by the end of the analysis period.
- In the global Nylon Tire Cord & Tire Fabrics segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment.
- Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027.