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The tire cord market size is forecast to increase by USD 839 million at a CAGR of 2.3% between 2023 and 2028. The tire cord market is driven by several key factors. The increasing demand for automobiles, particularly electric vehicles, globally is a significant growth driver. Inextensible cords, which provide high stiffness and resistance to deformation under air pressure, are essential components of tires. These cords undergo repeated flexing and require excellent adhesion to rubber for optimal tire performance. The market trends report highlights the importance of cord materials with superior resistance to deformation and air pressure, ensuring tire durability and safety. Additionally, the volatility of raw material prices poses a challenge to market growth, necessitating continuous research and development for cost-effective and high-performance cord materials.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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