Nylon Tyre Cord Fabrics (NTCF) Market was valued at USD 3.56 Billion in 2022 and is projected to reach USD 5.12 Billion by 2030, growing at a CAGR of 4.7% from 2024 to 2030.
The market dynamics during this period also benefited from technological advancements in nylon production, which enhanced the quality and performance of NTCF materials. Manufacturers increasingly turned to advanced manufacturing processes to improve the strength-to-weight ratio of tyre cords, which, in turn, helped to reduce overall tyre weight and enhance fuel efficiency. Another significant factor that played a role was the growing focus on sustainability and eco-friendly tyres, with manufacturers striving to reduce the carbon footprint of their products. The rise of electric vehicles (EVs) also contributed to the NTCF demand, as they require specialized tyres to handle their weight and performance demands.
The outlook for the NTCF market from 2023 to 2033 shows a positive growth trajectory, but with a few shifts in the demand landscape. One key trend is the increasing adoption of electric and hybrid vehicles, which will continue to push the need for more specialized tyres. In this period, the NTCF market is expected to witness a transition towards high-performance, energy-efficient materials that align with the automotive industry's sustainability goals. Moreover, as the demand for safer, longer-lasting tyres grows, manufacturers will invest in further enhancing the durability and quality of NTCF products. While traditional automotive markets remain strong, the focus is likely to shift towards Asia-Pacific and Latin America, where the automotive sector is expanding rapidly.
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The Nylon Tyre Cord Fabrics (NTCF) market has witnessed notable growth from 2018 to 2022, driven by the increasing demand for high-performance tyres, particularly in the automotive and transportation sectors. NTCF is a critical material used in tyre manufacturing, providing strength and durability to the tyres, making them suitable for high-speed vehicles and heavy-duty applications. The years 2018 to 2022 saw a steady rise in the production and consumption of NTCF, fueled by the growing automotive industry and the shift towards more durable, fuel-efficient tyres. As global economies bounced back from the pandemic's economic challenges, demand for vehicles, especially in emerging markets, surged, further contributing to the NTCF market's growth.
SRF
Star Polymers
Formosa Taffeta
Haicatex
KORDÃRNA
Shen Ma Industry Co.
Jiangsu Haiyang Chemical Fibre
Junma Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Nylon Tyre Cord Fabrics (NTCF) Market
Trucks
Buses
Off-the-road (OTR) Vehicles
Based on Types the Market is categorized into Below types that held the largest Nylon Tyre Cord Fabrics (NTCF) market share In 2023.
Nylon 6
Nylon 66
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Nylon Tyre Cord Fabrics (NTCF) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Nylon Tyre Cord Fabrics (NTCF) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Nylon Tyre Cord Fabrics (NTCF) Market, By Type
6. Global Nylon Tyre Cord Fabrics (NTCF) Market, By Application
7. Global Nylon Tyre Cord Fabrics (NTCF) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Nylon Tyre Cord Fabrics (NTCF) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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