Nylon Tire Cord Market: Growth Factors, Trends, Share 2021, In-Depth Manufacturers Analysis 2027
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Global Tire Cord Market Report 2021-2027: Tire Industry CAPEX Programs Indicate High Growth Opportunities
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Global Tire Cord Market Report 2021-2027: Tire Industry CAPEX Programs Indicate High Growth Opportunities
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Tire Cord Fabrics Market Top Participant to Focus on Regional Expansion According to Stratistics MRC, the Global Tire Cord Fabrics Market is accounted for $4.15 billion in 2017 and is expected to reach $7.89 billion
BriefingWire.com, 5/06/2021 - According to Stratistics MRC, the Global Tire Cord Fabrics Market is accounted for $4.15 billion in 2017 and is expected to reach $7.89 billion by 2026 growing at a CAGR of 7.4% during the forecast period. Rise in vehicle usage and growth in the awareness for biodegradable products are some of the factors propelling the market growth. However, fluctuating raw material prices is hindering the market growth.
Tire cord fabric is an industrial grade fabric that is manufactured through the use of high persistence yarns. It play the role of reinforcing materials in automotive and vehicle tires and are designed and used in a way that helps sustain the shape of tires, while concurrently following