TIRE CHORD AND TIRE FABRICS MARKET ANALYSIS
The global tire cord and tire fabrics market is projected to reach around US$ 9.37 Billion by the end of 2030, in terms of revenue, growing at a CAGR of 6.5% during the forecast period (2023-2030).
Global Tire Cord and Tire Fabrics Market: Trends
Rapid usage of cord fabric in aircraft tires
One of the market's current trends is the expanding use of cord fabric in the manufacture of aircraft tires. Again, it is anticipated that strong airline industry growth caused by expanding travel demand globally will drive up demand for cord fabric in aircraft. Additionally, it is anticipated that over the course of the forecast period, rising aircraft production will support market growth for tire cords and tire fabrics. The adoption of cord fabric is being driven by the demand for lightweight, high-performance materials for aircraft tires, which is boosting the aviation industry's market expansion.
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