Key Tire Cord Fabric Market Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The global tire cord fabric market is a highly competitive field that is characterized by a consolidated industry structure. Manufacturers such as Hyosung Advanced Materials and Kordsa have established strong market positions and leads based on their existing technological capabilities and coordinated operations globally. Strategic measures taken by manufacturers are capacity expansions, joint ventures, or acquisitions; all focused on maintaining regional presence. For example, Kordsa is focusing R&D on sustainable products focused on nylon and aramid cords, while SRF Limited is actively expanding the polyester cord business to meet demand from the Asia-Pacific. Market players are involved with vertical integrations and developing partnerships with tire OEMs for greater security over supply, improved cost-to-market efficiencies, and to address evolving regulatory confines of fuel efficiency and durable tires.
Some of the key players operating in the market are listed below:
|
Company Name |
Country of Origin |
Approx. Market Share (%) |
|
Hyosung Advanced Materials Corporation |
South Korea |
16 |
|
Kordsa Teknik Tekstil A.S. |
Turkey |
11 |
|
Teijin Frontier Co., Ltd. |
South Korea |
9 |
|
Kolon Industries, Inc. |
South Korea |
8 |
|
SRF Limited |
India |
7 |
|
Century Enka Limited |
India |
xx |
|
Indorama Ventures (Performance Fibers) |
Thailand/USA |
xx |
|
Firestone Fibers & Textiles Company |
USA |
xx |
|
Milliken & Company |
USA |
xx |
|
Zhejiang Unifull Industrial Fibre Co. |
China |
xx |
|
Shenma Industrial Co., Ltd. |
China |
xx |
|
Formosa Taffeta Co., Ltd. |
Taiwan |
xx |
|
Far Eastern New Century Corporation |
Taiwan |
xx |
|
SK Chemicals Co., Ltd. |
South Korea |
xx |
|
Oriental Industries (Malaysia) Sdn Bhd |
Malaysia |
xx |
Here are a few areas of focus covered in the competitive landscape of the market: