Reinforced Green Tire Cord Fabric Market Forecast 2027 – Projected Growth & Opportunities

The global reinforced green tire cord fabric market was valued at USD125 Million in the year 2021, which is expected to further grow with a double-digit CAGR of 12% during the forecast period, 2023-2027, due to rising demands for passenger cars. Upsurge in the demand for green products, and growing concerns about depleting the environment further fuel the growth of the global reinforced green tire cord fabric market in the upcoming five years. Necessary steps taken by the governments and the authorities to ensure expanding the uses of renewable sources of energy, lowering energy consumption, and enhancing the products for higher energy efficiency, coupled with the production of green energy and thus a green product that reduces growing toxins in the environment also aids the growth of the global reinforced green ire cord fabric market in the next five years.

Tire cords fabric reinforcement are used to maintain the shape of a tire. They are made primarily of polyester, nylon, aramid, and rayon. These structures provide higher rigidity to the tires thus giving the vehicles better handling and stability. Reinforced green tire cord fabrics are made of recycled materials like recycle PET, recycle nylon 66, recycle aramid, etc. The use of such material is with the purpose to reduce the consumption of plastics and polymers that may harm the environment and thus using recycled products decreases the pollutants and thus aids the concept of a green environment.

Surging Passenger Cars Demand Drive Market Growth

Growing demand for passenger cars and commercial vehicles in developing economies is actively driving the growth of the global reinforced green tire cord fabric market in the upcoming five years. The increasing population of the world and rising disposable income has inclined the population to spend lavishly on automobiles. Ownership of a personal vehicle and growing demand for premium vehicles further aid the growth of the global reinforced green tire cord fabric market in the future five years. Growing demands for electric vehicles like electric passenger cars also substantiate the growth of the global reinforced green tire cord fabric market in the forecast years through 2027.

In the year 2021, 72,924.35 thousand units of passenger cars were sold worldwide. Along with the sales of new cars, refurbished cars are also driving the growth of the global reinforced green tire cord fabric market. Consumers buying second-hand premium vehicles and spending lavishly over the exclusive cars and vehicles and their replacement parts wherein opting for green products and choosing reinforced green tire cord fabrics for the vehicle further supports the growth of the global reinforced green tire cord fabric market in the next five years.

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Market Segmentation

The global reinforced green tire cord fabric market segmentation is based on material type, application, distribution channel, regional distribution, and competitive landscape. Based on material type, the market is further segmented into recycled PET, recycle nylon 66, recycle aramid, and others. By application, the market is fragmented into passenger cars, light commercial vehicles, medium & heavy commercial vehicles, two-wheeler, three-wheeler, and others. Based on the distribution channel, the market is differentiated between direct and indirect channels. The market analysis also studies the regional segmentation, divided among the Asia-Pacific region, North American region, European & CIS region, South American region, and the Middle East & African region.

Company Profile

Kordsa Teknik Tekstil AS, Indorama Ventures Ltd., SRF Ltd., Century Enka Ltd., Hyosung Industries Co. Limited, Hengli Group, Shinkong Synthetic Fibers Corporation, Kolon Industries Inc., Toray Industries Inc, Teijin Ltd., are enlisted in a partial list of major market players of the global reinforced green tire cord fabric market.

Report Scope:

In this report, global reinforced green tire cord fabric market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Reinforced Green Tire Cord Fabric Market, By Material Type:
  • Recycle PET
  • Recycle Nylon 66
  • Recycle Aramid
  • Others
• Reinforced Green Tire Cord Fabric Market, By Application:
  • Passenger Car
  • Light Commercial Vehicle
  • Medium & Heavy Commercial Vehicle
  • Two Wheeler
  • Three Wheeler
  • Others
• Reinforced Green Tire Cord Fabric Market, By Distribution Channel:
  • Direct
  • Indirect
• Reinforced Green Tire Cord Fabric Market, By Region:
  • North America
    • United States
    • Mexico
    • Canada
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Vietnam
  • Europe & CIS
    • France
    • Germany
    • United Kingdom
    • Italy
    • Russia
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Chile
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global reinforced green tire cord fabric market.

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Table of Content

1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Reinforced Green Tire Cord Fabric Market
5. Voice of Customer

5.1.  Reasons for Using Reinforced Green Tire Cord Fabric Market

5.2.  Factors to be considered for product selection

6. Global Reinforced Green Tire Cord Fabric Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Material Type (Recycle PET, Recycle Nylon 66, Recycle Aramid, Others)

6.2.2.     By Application (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler, Three Wheeler, Others)

6.2.3.     By Distribution Channel (Direct Vs Indirect)

6.2.4.     By Company (2021)

6.2.5.     By Region

6.3.  Product Market Map

7. North America Reinforced Green Tire Cord Fabric Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Material Type

7.2.2.     By Application

7.2.3.     By Distribution Channel

7.2.4.     By Country

7.3.  Pricing Analysis

7.4.  North America: Country Analysis

7.4.1.     United States Reinforced Green Tire Cord Fabric Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Material Type

7.4.1.2.2.             By Application

7.4.1.2.3.             By Distribution Channel

7.4.2.     Mexico Reinforced Green Tire Cord Fabric Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Material Type

7.4.2.2.2.             By Application

7.4.2.2.3.             By Distribution Channel

7.4.3.     Canada Reinforced Green Tire Cord Fabric Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Material Type

7.4.3.2.2.             By Application

7.4.3.2.3.             By Distribution Channel

8. Europe Reinforced Green Tire Cord Fabric Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Material Type

8.2.2.     By Application

8.2.3.     By Distribution Channel

8.2.4.     By Country

8.3.  Pricing Analysis

8.4.  Europe: Country Analysis

8.4.1.     France Reinforced Green Tire Cord Fabric Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Material Type

8.4.1.2.2.             By Application

8.4.1.2.3.             By Distribution Channel

8.4.2.     Germany Reinforced Green Tire Cord Fabric Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Material Type

8.4.2.2.2.             By Application

8.4.2.2.3.             By Distribution Channel

8.4.3.     United Kingdom Reinforced Green Tire Cord Fabric Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Material Type

8.4.3.2.2.             By Application

8.4.3.2.3.             By Distribution Channel

8.4.4.     Italy Reinforced Green Tire Cord Fabric Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Material Type

8.4.4.2.2.             By Application

8.4.4.2.3.             By Distribution Channel

8.4.5.     Russia Reinforced Green Tire Cord Fabric Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Material Type

8.4.5.2.2.             By Application

8.4.5.2.3.             By Distribution Channel

9. Asia-Pacific Reinforced Green Tire Cord Fabric Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Material Type

9.2.2.     By Application

9.2.3.     By Distribution Channel

9.2.4.     By Country

9.3.  Pricing Analysis

9.4.  Asia-Pacific: Country Analysis

9.4.1.     China Reinforced Green Tire Cord Fabric Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Material Type

9.4.1.2.2.             By Application

9.4.1.2.3.             By Distribution Channel

9.4.2.     India Reinforced Green Tire Cord Fabric Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Material Type

9.4.2.2.2.             By Application

9.4.2.2.3.             By Distribution Channel

9.4.3.     South Korea Reinforced Green Tire Cord Fabric Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Material Type

9.4.3.2.2.             By Application

9.4.3.2.3.             By Distribution Channel

9.4.4.     Japan Reinforced Green Tire Cord Fabric Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value & Volume

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Material Type

9.4.4.2.2.             By Application

9.4.4.2.3.             By Distribution Channel

9.4.5.     Australia Reinforced Green Tire Cord Fabric Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value & Volume

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Material Type

9.4.5.2.2.             By Application

9.4.5.2.3.             By Distribution Channel

9.4.6.     Indonesia Reinforced Green Tire Cord Fabric Market Outlook

9.4.6.1.         Market Size & Forecast

9.4.6.1.1.             By Value & Volume

9.4.6.2.         Market Share & Forecast

9.4.6.2.1.             By Material Type

9.4.6.2.2.             By Application

9.4.6.2.3.             By Distribution Channel

9.4.6.3.         Pricing Analysis

9.4.7.     Vietnam Reinforced Green Tire Cord Fabric Market Outlook

9.4.7.1.         Market Size & Forecast

9.4.7.1.1.             By Value & Volume

9.4.7.2.         Market Share & Forecast

9.4.7.2.1.             By Material Type

9.4.7.2.2.             By Application

9.4.7.2.3.             By Distribution Channel

10. South America Reinforced Green Tire Cord Fabric Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Material Type

10.2.2.  By Application

10.2.3.  By Distribution Channel

10.2.4.  By Country

10.3.              Pricing Analysis

10.4.              South America: Country Analysis

10.4.1.  Brazil Reinforced Green Tire Cord Fabric Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Material Type

10.4.1.2.2.           By Application

10.4.1.2.3.           By Distribution Channel

10.4.2.  Argentina Reinforced Green Tire Cord Fabric Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Material Type

10.4.2.2.2.           By Application

10.4.2.2.3.           By Distribution Channel

10.4.3.  Colombia Reinforced Green Tire Cord Fabric Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Material Type

10.4.3.2.2.           By Application

10.4.3.2.3.           By Distribution Channel

10.4.4.  Chile Reinforced Green Tire Cord Fabric Market Outlook

10.4.4.1.      Market Size & Forecast

10.4.4.1.1.           By Value & Volume

10.4.4.2.      Market Share & Forecast

10.4.4.2.1.           By Material Type

10.4.4.2.2.           By Application

10.4.4.2.3.           By Distribution Channel

11. Middle East and Africa Reinforced Green Tire Cord Fabric Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Material Type

11.2.2.  By Application

11.2.3.  By Distribution Channel

11.2.4.  By Country

11.3.              Pricing Analysis

11.4.              MEA: Country Analysis

11.4.1.  South Africa Reinforced Green Tire Cord Fabric Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value & Volume

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Material Type

11.4.1.2.2.           By Application

11.4.1.2.3.           By Distribution Channel

11.4.2.  Saudi Arabia Reinforced Green Tire Cord Fabric Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value & Volume

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Material Type

11.4.2.2.2.           By Application

11.4.2.2.3.           By Distribution Channel

11.4.3.  UAE Reinforced Green Tire Cord Fabric Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Value & Volume

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Material Type

11.4.3.2.2.           By Application

11.4.3.2.3.           By Distribution Channel

11.4.4.  Turkey Reinforced Green Tire Cord Fabric Market Outlook

11.4.4.1.      Market Size & Forecast

11.4.4.1.1.           By Value & Volume

11.4.4.2.      Market Share & Forecast

11.4.4.2.1.           By Material Type

11.4.4.2.2.           By Application

11.4.4.2.3.           By Distribution Channel

12. Market Dynamics

12.1.              Drivers

12.2.              Challenges

13. Market Trends & Developments