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Tire Yarn Market

Tire Yarn Market

Tire Yarn Market
Report code - SRAM192 Published On : Feb,2019 No. of Pages: 230

Tire Yarn Market by End-Use Industry Type (Automotive, Specialty Vehicles, Aircraft, and Others), by Yarn Type (Polyamide, Polyester, and Others), by Application Type (Cord Ply, Cap Ply, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024

Tire Yarn Market by End-Use Industry Type (Automotive, Spe See more...

This comprehensive 230-page report, from Stratview Research, presents the most complete and thorough market analysis on the tire yarn market for the forecast period of 2019 to 2014 with a high emphasis on the accurate market data, insights and competitive landscapes. The report rigorously studies all major tire yarn, tire fabric, as well as tire manufacturers in order to provide the accurate assessment of the tire yarn market at the global and regional level. The report further identifies the low-hanging fruits that lie ahead for the market participants with an aim to enable informed business decision making and growth strategy formulation for long-term profitable growth. 

The Tire Yarn Market: Highlights

The global tire yarn market is projected to offer healthy growth opportunities in the entire ecosystem of the market and is likely to reach an estimated value of US$ 3,989.6 million in 2024. Organic growth of automotive, aircraft and specialty vehicles coupled with rising vehicles fleet size is the prime factor driving the demand for raw materials including tire yarns. The impressive growth of tire yarn is further contributed by a host of factors including increasing demand for tires with larger rim size, increasing demand for weight reduction with the use of high-tech yarns and single-ply construction, and trend of using low rolling resistance tires.

Major tire yarn suppliers have been ramping up their production capacities in order to tap the growing market potential. For instance, in Nov. 2018, Hyosung Corporation announced its plan to invest US$ 152 million for setting-up a manufacturing facility of polyester and nylon tire cord in Quang Nam Province, Vietnam. Also, in 2018, Kordsa Teknik Tekstil AS announced its plan to setup a new production line of polyester yarn with a capacity of 7,000 tons at its factory located at Izmit, Turkey.

Rolling resistance of a tire is one of the techniques for reducing carbon emissions in vehicles. Low rolling resistance tires are strongly demanded by automakers and other industry OEMs from tire manufacturers as these tires contribute towards lowering carbon emissions in a cost-effective manner. Tire reinforcement materials play a vital role in increasing the rolling resistance of the tire. Tires without cap plies have higher rolling resistance; hence, cap ply has become mandatory in tires. Also, weight and rolling resistance of tire are reduced by upgrading tires from multi-ply casings to single-ply casings.

The tire yarn market is broadly segmented based on the end-use industry type as Automotive, Specialty Vehicles, Aircraft, and Others. The automotive industry is expected to remain the growth engine of the market during the forecast period. Increase in production and fleet size of vehicles is driving the demand for tire yarns in the automotive industry. In specialty vehicles, such as agriculture and mining vehicles, tires are bigger compared to those used in automobile or motorcycle and hence, consume more amount of yarns per tire. Additionally, the quality and type of yarn and its geometry also differ strongly in different industries.

Based on the yarn type, the tire yarn market is segmented as polyamide, polyester, and others. Polyamide yarn mainly includes PA6 and PA66 yarn and is expected to remain the most-used yarn for tire construction over the next five years, whereas polyester yarn is likely to witness the highest growth during the same period. Polyamide yarns are widely used in all the major applications of the tire, such as cord ply, cap ply, and bead reinforcement (sidewalls and chaffer), owing to their advantages including optimum reinforcing material, high tenacity, high toughness, superior fatigue resistance, water resistance, and good adhesion to rubber. High modulus low shrinkage (HMLS) grade is generally used polyester type and is likely to remain the second-largest yarn type in the market. Rayon and aramid are major types of yarn included in others segment, which have a specific usage in the market. 

Based on the application type, the tire yarn market is segmented as cord ply, cap ply, and others. Cord ply is expected to remain the most dominant application of the market during the forecast period and is also likely to exhibit the highest growth during the same period. Cord ply is one of the major application areas of tire for all industries, such as automotive, specialty vehicles, aircraft, motorcycle, and bicycle.

In terms of region, Asia-Pacific is projected to remain the largest tire yarn market during the forecast period in terms of both value and volume. The region is also likely to exhibit the highest growth over the next five years, driven by China and India, the growth engine for the region’s market. Europe is also likely to exhibit a sizeable demand for tire yarns during the forecast period.

The supply chain of this market comprises raw material suppliers, yarn manufacturers, tire cord fabric manufacturers, tire manufacturers automotive OEMs, and dealers. The key automotive tire yarn manufacturers are Kordsa Teknik Tekstil AS, Shenma Industrial Co., Ltd., Hyosung Corporation, Indorama Ventures PLC, Asahi Kasei Corporation, and Kolon Industries Inc. Development of high-performance tire yarns and formation of strategic alliances with tire manufacturers or tire cord fabric manufacturers are the key strategies adopted by the major players to gain a competitive edge in the market.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,500 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. About 20 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

The market is segmented into the following categories:  

Tire Yarn Market, By End-Use Industry Type

  • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Specialty Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Tire Yarn Market, By Yarn Type

  • Polyamide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Tire Yarn Market, By Application Type

  • Cord Ply (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Cap Ply (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Tire Yarn Market, By Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Brazil, Argentina, and Others) 

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Regional Segmentation

  • Current market size (2018) of tire yarn market in any of the industry type by yarn type

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].


List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives 

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.      Executive Summary  

2.      Tire Yarn Market - Overview and Market Forces

2.1.                Introduction

2.2.                Market Classification

2.2.1.                         By Industry Type

2.2.2.                         By Yarn Type

2.2.3.                         By Application Type

2.2.4.                         By Region

2.3.                Market Drivers

2.4.                Market Constraints

2.5.                Supply Chain Analysis

2.6.                PEST Analysis: Impact Assessment of Changing Business Environment

2.7.                Industry Life Cycle Analysis

2.8.                Porter’s Five Forces Analysis

2.8.1.                         Bargaining Power of Suppliers

2.8.2.                         Bargaining Power of Customers

2.8.3.                         Threat of New Entrants

2.8.4.                         Threat of Substitutes

2.8.5.                         Competitive Rivalry

2.9.                SWOT Analysis

3.      Tire Yarn Market Analysis – By End-Use Industry Type 

3.1.                Strategic Insights 

3.2.                Automotive Tire Yarn Market Trend and Forecast (US$ Million and Kilotons)

3.2.1.                         Regional Trend and Forecast (US$ Million and Kilotons)

3.3.                Specialty Vehicles Tire Yarn Market Trend and Forecast (US$ Million and Kilotons)

3.3.1.                         Regional Trend and Forecast (US$ Million and Kilotons)

3.4.                Aircraft Tire Yarn Market Trend and Forecast (US$ Million and Kilotons)

3.4.1.                         Regional Trend and Forecast (US$ Million and Kilotons)

3.5.                Other Industry's Tire Yarn Market Trend and Forecast (US$ Million and Kilotons)

3.5.1.                         Regional Trend and Forecast (US$ Million and Kilotons)

4.      Tire Yarn Market Analysis – By Yarn Type 

4.1.                Strategic Insights 

4.2.                Polyamide Tire Yarn Market Trend and Forecast (US$ Million and Kilotons)

4.2.1.                         Regional Trend and Forecast (US$ Million and Kilotons)

4.3.                Polyester Tire Yarn Market Trend and Forecast (US$ Million and Kilotons)

4.3.1.                         Regional Trend and Forecast (US$ Million and Kilotons)

4.4.                Other Tire Yarns Market Trend and Forecast (US$ Million and Kilotons)

4.4.1.                         Regional Trend and Forecast (US$ Million and Kilotons)

5.      Tire Yarn Market Analysis – By Application Type 

5.1.                Strategic Insights 

5.2.                Tire Yarn Market Trend and Forecast for Cord Ply Application (US$ Million and Kilotons)

5.2.1.                         Regional Trend and Forecast (US$ Million and Kilotons)

5.3.                Tire Yarn Market Trend and Forecast for Cap Ply Application (US$ Million and Kilotons)

5.3.1.                         Regional Trend and Forecast (US$ Million and Kilotons)

5.4.                Tire Yarn Market Trend and Forecast for Other Applications (US$ Million and Kilotons)

5.4.1.                         Regional Trend and Forecast (US$ Million and Kilotons)

6.      Tire Yarn Market Analysis – By Region 

6.1.                Strategic Insights 

6.2.                North American Tire Yarn Market Analysis

6.2.1.                         North American Tire Yarn Market T&F, by Country (US$ Million and Kilotons)

6.2.1.1.                                   The USA: Tire Yarn Market T&F (US$ Million and Kilotons)

6.2.1.2.                                   Canada: Tire Yarn Market T&F (US$ Million and Kilotons)

6.2.1.3.                                   Mexico: Tire Yarn Market T&F (US$ Million and Kilotons)

6.2.2.                         North American Tire Yarn Market T&F, by Industry Type (US$ Million and Kilotons)

6.2.3.                         North American Tire Yarn Market T&F, by Yarn Type (US$ Million and Kilotons)

6.2.4.                         North American Tire Yarn Market T&F, by Application Type (US$ Million and Kilotons)

6.3.                European Tire Yarn Market Analysis

6.3.1.                         European Tire Yarn Market T&F, by Country (US$ Million and Kilotons)

6.3.1.1.                                   Germany: Tire Yarn Market T&F (US$ Million and Kilotons)

6.3.1.2.                                   France: Tire Yarn Market T&F (US$ Million and Kilotons)

6.3.1.3.                                   The United Kingdom: Tire Yarn Market T&F (US$ Million and Kilotons)

6.3.1.4.                                   Italy: Automotive Tire Yarn T&F (US$ Million and Kilotons)

6.3.1.5.                                   Russia: Tire Yarn Market T&F (US$ Million and Kilotons)

6.3.1.6.                                   Rest of Europe: Tire Yarn Market T&F (US$ Million and Kilotons)

6.3.2.                         European Tire Yarn Market T&F, by Industry Type (US$ Million and Kilotons)

6.3.3.                         European Tire Yarn Market T&F, by Yarn Type (US$ Million and Kilotons)

6.3.4.                         European Tire Yarn Market T&F, by Application Type (US$ Million and Kilotons)

6.4.                Asia-Pacific’s Tire Yarn Market Analysis

6.4.1.                         Asia-Pacific’s Tire Yarn Market T&F, by Country (US$ Million and Kilotons)

6.4.1.1.                                   Japan: Tire Yarn Market T&F (US$ Million and Kilotons)

6.4.1.2.                                   China: Tire Yarn Market T&F (US$ Million and Kilotons)

6.4.1.3.                                   South Korea: Tire Yarn Market T&F (US$ Million and Kilotons)

6.4.1.4.                                   India: Tire Yarn Market T&F (US$ Million and Kilotons)

6.4.1.5.                                   Rest of Asia-Pacific: Tire Yarn Market T&F (US$ Million and Kilotons)

6.4.2.                         Asia-Pacific’s Tire Yarn Market T&F, by Industry Type (US$ Million and Kilotons)

6.4.3.                         Asia-Pacific’s Tire Yarn Market T&F, by Yarn Type (US$ Million and Kilotons)

6.4.4.                         Asia-Pacific’s Tire Yarn Market T&F, by Application Type (US$ Million and Kilotons)

6.5.                Rest of the World (RoW)’s Tire Yarn Market Analysis

6.5.1.                         RoW’s Tire Yarn Market T&F, by Country (US$ Million and Kilotons)

6.5.1.1.                                   Brazil: Tire Yarn Market T&F (US$ Million and Kilotons)

6.5.1.2.                                   Argentina: Tire Yarn Market T&F (US$ Million and Kilotons)

6.5.1.3.                                   Others: Tire Yarn Market T&F (US$ Million and Kilotons)

6.5.2.                         RoW’s Tire Yarn Market T&F, by Industry Type (US$ Million and Kilotons)

6.5.3.                         RoW’s Tire Yarn Market T&F, by Yarn Type (US$ Million and Kilotons)

6.5.4.                         RoW’s Tire Yarn Market T&F, by Application Type (US$ Million and Kilotons)

7.      Competitive Analysis

7.1.                Strategic Insights

7.2.                Product Portfolio Analysis

7.3.                Geographical Presence

7.4.                Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations, etc.

7.5.                Expert Opinion

7.6.                Market Share Analysis

8.      Strategic Growth Opportunities

8.1.                Strategic Insights

8.2.                Market Attractive Analysis

8.2.1.                         Market Attractiveness by Industry Type

8.2.2.                         Market Attractiveness by Yarn Type

8.2.3.                         Market Attractiveness by Application Type

8.2.4.                         Market Attractiveness by Region

8.2.5.                         Market Attractiveness by Country

8.3.                Emerging Trends

8.4.                Growth Matrix Analysis

8.5.                Key Success Factors

9.      Company Profile of Key Players

9.1.                Asahi Kasei Corporation

9.2.                Century Enka Limited

9.3.                Cordenka GmbH & Co. KG

9.4.                Hyosung Corporation

9.5.                Indorama Ventures PLC

9.6.                Kolon Industries Inc.

9.7.                Kordsa Teknik Tekstil AS

9.8.                Shenma Industrial Co., Ltd.



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