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The polyester tire cord market size is forecast to increase by USD 488 million at a CAGR of 4.12% between 2023 and 2028. The market is experiencing significant growth, driven by the rising adoption of polyester tire cords in passenger cars due to their superior strength, durability, and flexibility. Another major trend influencing the automotive market is the increasing demand for and sales of electric vehicles (EVs) globally, as polyester tire cords are increasingly being used in the production of EV tires due to their lightweight properties and ability to improve fuel efficiency. However, the market also faces challenges from substitutes such as steel and nylon tire cords, which offer similar properties but at lower costs. Additionally, fluctuations in raw material prices and supply chain disruptions can impact the market's growth trajectory. Overall, the market is expected to continue its growth trajectory, driven by the increasing demand for high-performance tires and the shift toward electric vehicles.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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