Tire Cord Fabrics Market 2023 Growing Preference for Lightweight and Sustainable Materials
As per MRFR analysis, the Tire Cord Fabrics Market will grow at a 3.9 percent CAGR to achieve USD 7,923.5 million by the end of 2027. Tire cord textiles are used in the tire manufacturing process as a reinforcing material. These textiles are used to keep tires in shape and to sustain vehicle weight. They also help to extend tire life. These fabrics are commonly made of synthetic fibers like polyester and nylon. Fibers are twisted and weaved into clothes first. These fabrics then are soaked in a latex adhesive mixture to strengthen their bond with the rubber. Increasing demand for long-lasting, fuel-efficient tires is the primary driver driving market expansion. Furthermore, rising demand for passenger cars in emerging nations like India, China, Indonesia, and Brazil is expected to drive significant demand for radial tires and, by extension, tire cord textiles over the forecast period. Electric car tires wear out roughly 30% faster than standard vehicle tires. As a result, producers us